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 Forex Version XII, Foreign Exchange Market Discussion

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jeanhl
post Sep 16 2013, 02:26 PM

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QUOTE(highlowyat @ Sep 16 2013, 01:08 PM)
weekend gap.. price still running on sat and sunday. something big happen during that day
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price will fill out those gaps soon. time to trade the gaps smile.gif

This post has been edited by jeanhl: Sep 16 2013, 02:26 PM
jeanhl
post Sep 16 2013, 04:46 PM

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QUOTE(shamsul_LP @ Sep 16 2013, 04:22 PM)
Hi everyone. What are platform you all use. Anyone use oanda?which one is easier to use to trade forex?
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The most widely used platform is mt4. Most brokers provide this, including Oanda
jeanhl
post Sep 16 2013, 06:07 PM

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QUOTE(shamsul_LP @ Sep 16 2013, 05:38 PM)
Thank for the reply.anyway, what is the best broker for malaysia forex trader. i will been transfer fund using Maybank2u. Been google only find result from 2009-2010 only... hmm.gif
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very much depends on your preference. always look for well regulated brokers located in top tier countries like in UK and Australia. I'm using ICMarkets, previously with pepperstone. Both are ASIC regulated australian brokers and offer tight spreads which is one of the criterias i'm looking since i'm a scalper

This post has been edited by jeanhl: Sep 16 2013, 06:08 PM
jeanhl
post Sep 18 2013, 10:00 AM

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Decision on QE tapering will be the main agenda for this round of FOMC meeting, hence the direction of USD
jeanhl
post Sep 18 2013, 10:31 AM

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QUOTE(shamsul_LP @ Sep 18 2013, 10:19 AM)
Im about to register for fxprimus account.before register.any suggestion for better broker?
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never try before. if you're comfortable with them then just go ahead, there are quite a number of members with fxprimus
jeanhl
post Sep 18 2013, 10:43 AM

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QUOTE(qwertyuioped @ Sep 18 2013, 10:32 AM)
so until then avoid trading USD pairs?
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lol why can't, there's mpc bank rate later, opportunity to trade the pounds smile.gif
jeanhl
post Sep 18 2013, 10:59 AM

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QUOTE(shamsul_LP @ Sep 18 2013, 10:50 AM)
I see that u use icmarkets.is easy to transfer or deposit money from local account here?
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there's local bank transfer for malaysian traders but wouldn't recommend due to the exchange rate from myr to aud by the aussie bank and then later converted to usd in my trading account. loss a portion of the money in the end doh.gif

it's better to use wire transfer. you can do it via foreign telegraphic transfer in your maybank account.
jeanhl
post Sep 18 2013, 11:14 AM

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QUOTE(babienn @ Sep 18 2013, 11:09 AM)
AFAIK, Instaforex has extremely bad reputation.
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i second that, bad spreads as well

QUOTE(yan7 @ Sep 18 2013, 11:11 AM)
fxprimus is good, it just the commission is a bit higher
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not really, the one im using now is higher
jeanhl
post Sep 18 2013, 11:23 AM

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QUOTE(yan7 @ Sep 18 2013, 11:18 AM)
u choose fix right?
some pair really costly
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mine is ecn and usually those exotic pairs really costly, imagine you hold your open positions for few weeks sweat.gif
jeanhl
post Sep 18 2013, 11:57 AM

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QUOTE(celicaizpower @ Sep 18 2013, 11:48 AM)
Hi Guys,

Planning to start trading back, previously I am with Instaforex and recently I see the spread getting lesser which is good. any comments for Instaforex stability and trustworthiness now? or should i register using another different broker/platform?

other than that, are there any gold traders here? do you think it will bounce back to the glory days of 1800++ or there will be a decline to below 1200--

appreciate if you can share your point of views and logic to it.
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There are better brokers out there, you will regret using bucket shops like insta
jeanhl
post Sep 18 2013, 01:36 PM

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QUOTE(shamsul_LP @ Sep 18 2013, 01:00 PM)
Already got info.fxprimus has free swap account.now wanna try icmarkets
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i dont think icmarkets offer swap free account.

QUOTE(babienn @ Sep 18 2013, 01:28 PM)
Free swap so good? What's the disadvantage of free swap account?
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no overnight interest rate will be charged on open positions for swap free account.
jeanhl
post Sep 18 2013, 03:53 PM

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QUOTE(babienn @ Sep 18 2013, 01:43 PM)
Ya I know no interest rate, but must have some down side compare to normal account?
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you can get paid or charged with the swap fees based on the rates by your broker while swap free account you dont need to worry about the swaps.
jeanhl
post Sep 26 2013, 01:38 PM

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QUOTE(cpleng7 @ Sep 26 2013, 10:45 AM)
FXprimus have the minimum SL and TP , I have encounter several times before
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bro you dont need to set tp and sl when open the trade, just set them after you open them. then you wont have this problem
jeanhl
post Sep 26 2013, 01:59 PM

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QUOTE(cpleng7 @ Sep 26 2013, 01:51 PM)
Yeah JeanHL you are right man.
but because of I am playing the 1 min chart , the pips response very fast, sometimes hard to follow it.
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if you are scalping you can also use EA or scripts to help you set tp and sl, more convenient.
jeanhl
post Sep 26 2013, 02:16 PM

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QUOTE(sleepwalker @ Sep 26 2013, 02:11 PM)
I use a script made by Steve Hopwood (long time traders would know who he is) with preset TP and SL to open my trades. I just run the script and it opens my trade with a preset TP and SL based on the number of pips that I set. This is especially good if you are trading in a fast 1 min charts like I do.
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yeah thats the best one i used so far and best of all its free
jeanhl
post Oct 3 2013, 11:44 AM

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QUOTE(zDarkForceSz @ Oct 3 2013, 11:25 AM)
itu pasal la. My long position hit tio SL before charging like hell.
Already expected Euro bull, board on train, but tio kick out on the way.
FRUSTRATED!!!!  vmad.gif
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ouchh bad timing lol. chill bro market won't run away smile.gif
jeanhl
post Oct 8 2013, 10:22 AM

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QUOTE(vccy @ Oct 7 2013, 02:15 PM)
so u mean xforex is not a good platform? hmm.gif
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you now only ask after you deposit already lol. should dig more info before you choose a broker next time
jeanhl
post Oct 15 2013, 11:00 AM

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QUOTE(ProperTYcoon @ Oct 15 2013, 09:23 AM)
I have a reliable signals that generates around 100pip per week for me.

the lowest overall for 6 months is 50pip per month, highest is 800+ pip
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I can vouch for his signals nod.gif btw, sup bro already back to active trading? don't break my record k tongue.gif
jeanhl
post Oct 15 2013, 05:33 PM

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QUOTE(ProperTYcoon @ Oct 15 2013, 02:40 PM)
hah bro, sorry was busy these few days, i thought you are busy too?

i missed sending you 2 signals, but not very good, one 25pips and another is 50 pips TP
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it's ok bro, no worries lol. Had a roller coaster ride last month, didn't trade at all sad.gif but found a new strategy while hibernating biggrin.gif will share my signals with you once i start trading again brows.gif
jeanhl
post Oct 15 2013, 06:25 PM

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QUOTE(highlowyat @ Oct 15 2013, 06:14 PM)
got one forex company in Midvalley
their system is quite good but dont know transparent or not
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know the name? which area in mv? i work there, might go see see biggrin.gif

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