Forex Version 12 starts here




This post has been edited by kevler: Sep 5 2013, 02:39 PM

how the country's Monetary Policy Statement affect the currency?

hurmm..not sure about that ...i just let the news flows and i will keep my money management before i start to trade

EU may go done again by looking at the market trend.
Everyone is waiting for the NFP to come out then only trade.

Btw make some profit by longing yesterday with MACD histogram haha.

Can remove instaforex ka? That is the worse market maker in the industry.

i'm agree not to disagree :-)

1st week of the month is a hardtime for me as i still wait for next 3 weeks for trade .

anyway i love NFP too ...for trader , it is an `incentives` for all trader whom able to ride the wave ;-)

I been holding no position from last week till now.
Syria issue crash EU.
First time facing this weird situation, when it should be rebounding but yet keep facing down.

i'm rather keep on buying EU then ...

I'll wait for NFP and see the trend. Safest

*Not tips. Just sharing my thought.
EU might bounce up a bit for trend correction.
To how much can't predict with this market~

wow v12..

i'm thinking to move to fxcm.co.uk

better for me to view my used margin and lot :-)

My EU short is still running in green probably gonna close abit of it before nfp and added more/ close all if necessary

Rule#1 Let your profit run (if trade longer time frame)

just a thought, why is primus not included in the broker/market maker ? I sense quite a few using primus here

Instaforex is the worst market maker broker.
Plenty of people keep on complaining, they have weird rules too.

Yea, quite a number of people using FxPrimus here.

Me myself using FxPro UK.

But I found a Australia regulated broker "icmarkets".
I think should be good too. Segregated account, AA credit rated Westpac/NAB.
ECN broker.
Same software with my FxPro.
Commission much lower than my FxPro.
When High Volatility with -0.3spread for EU. (During Euro&US market)

Agree with it.
Because of unstable market. I switch to demo these 2 weeks. Sell limit @ 1.32150 ytd got some profit, I still try to study the market trend.
Don't understand what other investor thinking haha.

Better don't rush in and burn my hard earn money haha.

This post has been edited by zDarkForceSz: Sep 5 2013, 12:12 PM

Use Uncle Google wisely.

MPS includes
-study of inflation
-economic outlook of the country

is like a study report of the country economy, predict it's GDP/CPI,asset,expenses and etc.

Wrong post sry.

This post has been edited by Jeck10: Sep 5 2013, 01:34 PM

can we start a live trading account in FXCM with low capital like 100USD?

30-50 bucks also you could deposit

using robot




Attached thumbnail(s)

FXCM minimum is 50USD.
but I strongly not recommend.

Use demo to learn everything first before you putting 1k usd into forex.



Take forex as investment not gambling.
In this fast market, your 50USD can be gone in a sec.

Smaller capital, smaller SL area allow for the price to breath; easier hitting SL, easier lose all your money.
Larger capital, lager SL area for the price to breath; harder hitting SL, harder lose all your money.

*the meaning of "harder" doesn't mean there's no chance hitting SL, but a better percentage not to hit SL. And after hitting SL, you still got fund to open another position.

This post has been edited by zDarkForceSz: Sep 5 2013, 05:20 PM

High risk robot =x

yea... almost 30% drawdown - -

few pair is flat today

lower than what i expected.
if i trade small small volume and with the smallest leverage, 100USD ok or not?

then you need to have a tight money management ..

need to wait next week ..the market would be fine ..

unless u love to trade during NFP tomorrow ..the risk all yours then :-)

Want to see something better?

this is because I change the default lot size 2.5x more just to get a bit more profit. the default starting lot is 0.1. a friend of mine using it at default settings 0.01 - to 0.1 (0.1 max) the statement graph is almost linear with very minimum "down spike"/drawdown

This post has been edited by eddyann: Sep 5 2013, 06:02 PM

GBP Asset Purchase Facility and Official Bank Rate every month also same value, should we buy GBP or sell GBP for this kind of news?

still pretty new here. just wondering which website has the lowest commission charge?

nice movement on EU and GJ .

waiting for next major move ..wait and see

You need very tight stops ( Actually, you will be forced to have very tight stops)

I went short for GU...now banyak red....

now try demo acc, today trade by follow forex calendar, lose like hell...

if trade live with tight stop, not dare to imagine....

Definitely not a good robot.
Raise the risk by 2.5x but yet give return of 600++USD only.

Smallest volume = 0.01lot (1pip = USD 0.10), and you need LARGER leverage not SMALLEST =1:500 ~ 1:1000
You have to win 10pips for USD 1 and 100pips for USD10.
Haven't minus any charges like swap/commission.

Your SL is tight like no tomorrow for the breath to breath, and you got higher chance hitting SL before rebound to hit your TP.
Demo along your way before you invest USD 1000.

Below this 2 sifu already tell you about USD 100 is hard for your money management.

Bro, you mean broker?
Not all broker charge commission.
When broker provide you with forex pair from 0 spread, this means broker charge commission.
If broker provide you forex pair with 1.0spread onward, they earn from the spread itself, and won't charge you commission.

Swap is another story.

ECN broker who provide forex pair from 0 spread normally charge you commission.

I think commission is not the main problem, but you're able to withdraw your money back to your account is the main issue in this industry.
Make sure your fund is safe in other people hand, then only think about commission.

*Note a lot people blindly invest yet one day unable to withdraw their money.

Can I ask, I got a 1:50 leverage demo account, when I opened a 0.01 lot trade, the margin show "5.00".
Is it means that the trade will automatically close when it hit -50 pips loss (which is 5 USD) ?

no my friend. the Margin means the amount of money you used to hold that position.
(Equity)/(the margin in used)*100 = Margin Level %

For example you got USD 100, with lvlrage 1:500, standard 0.01lot (1pip = USD 0.10)

EurUsd @ 1.3171
Required margin to open Standard 0.01lot = USD 2.63

Margin Level = (100-2.63)/2.63*100
=3702.28%


For my broker FxPro



Learn to manage your money unless you always wanted "Margin Call"

This post has been edited by zDarkForceSz: Sep 5 2013, 09:49 PM

Big thanks to you!

But how to calculate Required margin to open Standard 0.01lot = USD 2.63 ?

[(BASE) / (Home Currency)] * [units] / [leverage]

Home Currency = USD
Currency Pair = EURUSD
Base = EUR; Quote = USD
Base / Home Currency = EUR/USD = 1.3171
Units = 1000 (0.01lot) [10k units = 0.1lot] [100k units = 1lot]
Leverage = 1:500

Then, margin used:
= (1.3171 * 1000) / 500
= 2.6342 USD
= 2.63 USD

This post has been edited by zDarkForceSz: Sep 5 2013, 11:27 PM

that is 100% correct, but do take note that some brokers nowadays used a fixed calculation for the margin requirement ie: margin required = 100,000 / leverage for every standard lot round turn

We trade often, sometimes agak-agak can know how much is the margin required to open a position.

FxPrimus use that calculation?
I know is more unfair to be calculated that way to maintain the Margin Level.

Thanks master!


I think so too because my margin is fixed at 5 USD when I open a 0.01 lot trade.

Which broker are you using?

Your leverage is probably 1:200?

As long as you manage your risk, margin shouldnt be too much of an issue

This post has been edited by sebastian.twz: Sep 5 2013, 11:53 PM

FXPrimus

Err I forgot about my leverage, not sure if it is 1:50 or 1:200

then is 200 by using the 100,000/leverage calculation.

most active user here using fxprimus.

Ya I think so.

Thank you everyone for the answer!

next move ..wait for it ...bull me or bear me .

tip of the day : never ride market trend after news came ...u will miss the `train`

Miss the train never mind. Don't because miss the train double up your margin become gamble.

Miss train nvm..don't take the wrong train haha

hehe for news like NFP. If I want to trade, I will keep my fund all in FxPro Vault (aka safe deposit) then remain the required margin to open 0.1lot .
Even if lose, I lose that margin only~
Slippage? Don't worry, my fund is inside Safety Vault, FxPro will clear the negative balance of my trading account. HAHA

Ah I see..anyway what u mean by slippage? And usually which website u use to watch the news?

Normally with ECN/STP broker, when the market with ultra high volatility, the price shoot up/down in a sec.
lets say EurUsd I buy @ 1.3200, TP @ 1.3300, SL @ 1.3100.

NFP movement is about 60-120pips a min
NFP come out with GREEN

EurUsd drop and hit my SL, but because too high volatility,
The price keep on dropping faster, maybe stop @ 1.3090. Slippage, I lose more than I initially plan to lose. another 10pips lose.

Lucky my train still green color XD

# A trend is your friend till it bends XD

Can't imagine a 100pips lost..hopefully not gonna happen to me anytime haha.

then keep yourself out 8.30pm tonight on USD pairs.

and that , we need to learn emotion 101 .. never put additional trade if floating .. it will affect your judgment , just wait for right moment .

trade what you see , not what you think.

# Stick to the Plan

nice phrase trade what you see not what you think

need to close all of my trade before NFP storm , as my capital is not enough to ride the storm.

watch and learn GJ movement ...just now GJ made its move ...

GJ = GBP/JPY?

yes sir ..

when is NFP storm coming, sifu?
small resident like me, really dont know what it is.

830pm on every friday of 1st week of the month

anyway , i'm not a sifu ..i'm just a regular trader :-)

This post has been edited by kevler: Sep 6 2013, 04:33 PM

its coming its coming, take a good sell for AUDUSD, expecting to reach below 0.9100 after NFP

seems legit ...expecting AUD lower than 0.9090

we'll see on this

lets wait for it, starts your engine selling it now.

same goes to GBPusD

NFP , every month first friday 8.30pm MY time most volatile session, good session to watch thou with popcorn

with good holding power, don't put SL, do all the necessary trades, take a shower from 8:20 to 8:40, take a dinner until 9:30

lets pray for early merry christmas

It's supposed to go up like that?

The spike up is caused by NFP missing the estimates, but the market is probably in no clear direction since the unemployment rate came out better than expected

Too many gamblers during nfp. Best is to avoid it.

Can I ask regarding XAUUSD, and DXU3, how to calculate the pips?
For example gold from 1426.33 to 1426.00, total is 3.3 pips right?
So for a sell 0.01 lot, the profit is 0.33?

Haha, ride on the correct train for EU and GU for NFP~ yeeehaaaaa~

I put a sell stop at 0.9150, it came down ngam ngam triggered it and went sky rocket..my eyes ear nose mouth all open big big..should I close it now? Or will it come back down?

For gold, yea, should be $0.33, but do take note that gold's spreads/commission should be significantly higher than fx

Lol, my train still on correct tract , probably ride till the last station

Thanks, I was just curious about commodities.

Do you know how to calculate DUX3? From 82.300 to 82.310, 10 pips 1 pips?

I smell my EU bull starting running into the game~

if i had large capital by now and control my money management , i will just wait for bearish on AUD.

i'm waiting for next train on EU ..wait and see

i ride the correct train too, but stop loss too less.... get kick out from the train when the train depart

Normally, how long this storm will sustain? later 10pm will calm down or not?

not sure my friend.

btw i'm too tired. going to bed now
nitez guy, and good luck~
happy trading and weekend!

told ja

Anyone here from penang would like to have a yum cha session and have some forex discussion? I will be going down to penang tomorrow till sunday.

because market are too volatile by the time. All people buying GBP, in the sense that GBP is a currency, where the moment is strong, it definitely will affect all of the cross pair. To how much % it depends.

looking forward, gbpusd/audusd weaken next week!

yup ..never miss the train .. i already made some pending order for next movement next week :-)

i made a mistake by overlooking the strength of USD against GBP which is strong, didnt expect USD would came weaker than GBP that soon.

are u looking forward to 1.57xx?

perhaps

need to wait for next week to confirm my analysis