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Forex Version XIII, Foreign Exchange Market Discussion
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9kingsir
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Apr 27 2014, 08:38 AM
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Ok.. Here a question and just ponder on the question itself...
Y does a professional forex specialist that makes a lot of money still need funding from public or investors? Why can't they themselves make the money? This question normally goes to fund managers..
I got the answer.. But let's see who got the right answer..
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9kingsir
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Apr 27 2014, 08:40 AM
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The question I put up is related to recently 2 ex-top specialist that quits from Soros group and start up new hedge fund from investors of 150million..
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9kingsir
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Apr 27 2014, 09:12 AM
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In recent months.. I have met a number of type ppl that interest or heard of forex...
These are the few types of ppl... And I suggest them on what should they do..
1. Works as sales/marketing person...heard a lot of ponzi scheme..invested b4 in that.. Say forex scam. All this is because they pay money to other ppl in cash and no trading involve..can't see transaction and at the end no payment..at the beginning they might get abit.. Probably few hundred of RM..
2. Freelancer - heard forex can create good money.. But dunno where to start.. Follow fren blindly and maybe start up with below 300USD.. That about RM 1000.00 Maybe trade ownself..search over internet ways to trade... But still fails.. End up frustrated n say bye bye to forex..
3. Employed - some will study all ways into news,technical, all forex jargons, terms, pattern, all kinds of methology.. Buts still fails.. - seem like overload of information and sometimes act very professional.. But still lose money. ( I recent met this type in a seminar)
4. The type of wanted to invest but no going to put effort - have some cash and wanted to do something but just wanted to put money take money...end a up loses more than win
5. Wanted to learn about forex but after still can't get hold of it. - they don't understand economic, financial and markets ( if they have understand, they have become degree holders in those subjects)
So.. I have to tell them this..
1. Forex not easy understand.. Don't think 1 month can understand n master the art of trading.. 2. Don't think just search in internet can find you the golden trading secrets. 3. Don't want put effort in forex ,but still wan earn money then find a fund manager 4. Don't choose a ponzi scheme system.. 5. Don't listen too much on those tell u on how to earn in forex networking..those is just work on IBs..
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9kingsir
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Apr 27 2014, 04:31 PM
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I m full time... Yes.. Super boring with 24 hours trade.. That y I have forex academy.. Letting more people come and trade together..
At first, the academy is for those frens that earn little, helping them earn a bit more or sometimes better than their day job... As for me, it never come across my head that it also a very good income for me to guide them to profit..
With MM and PA strategy, it can goes up to 100% return of account balance in a month.. 3 hours scalping...4/5days per week..
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9kingsir
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Apr 28 2014, 04:53 AM
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QUOTE(tdoptions1689 @ Apr 27 2014, 04:45 PM) Depends which kind of trader you are. If you choose as scalper, you have to stick in front of the PC. As for myself, it is kind of pressure if you stick too much in front on it. So, I choose to have a look every couple hours if I have some trade running. For me, useless to stick in front of it. You can't hold the price if it against your trade anyway, especially I trade according to CANDLESTICK. Scalping is also a strategy to practice the art of trading...PA is important in scalping.. You are half right and half wrong ... Whatever strategy, scalp,swing, hedge etc also can't hold the price if it against your trade direction..but u can do something on the strategy if you scalp like close 50% drawback and re-enter another at a good price..so when the price goes back to 70-80% of the first buy.. U still profits.. Depend on your MM... It might take only 15min to reach your MM targets.. And scalping have to based the volatile market but not news timing..
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9kingsir
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Apr 28 2014, 06:17 PM
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Time frame of trading is really depend on individuals..
I have forex academy cater to ppl working in the day.. So they only have time for the NY market.
Anyway only 3 hours max... If you are full time, you can choose your own prefer time..prefer market..prefer strategy..
As long profitable, it's your move....
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9kingsir
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Apr 28 2014, 07:52 PM
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Just a quick signal... See if it works for u..scalpers
7-8pm scalp for GA... Range 1.81573 to 1.81333.. Short it...
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9kingsir
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Apr 28 2014, 07:54 PM
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If got 15pips is good enough..scalpers
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9kingsir
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Apr 28 2014, 08:01 PM
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At 7.58pm it went down to 181379 for GA..
So almost 20pips is ok for me.. Closing at 181409 at 8pm
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9kingsir
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Apr 28 2014, 08:05 PM
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Let's see if this works as well.. From 8pm to 9pm for GA.. Long back from 181409 to 181570 resistance level.. Plus tail 3-4pips... As always 15 pips is good enuf..
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9kingsir
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Apr 28 2014, 08:21 PM
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So I need to go out to forex academy..
Report : GA now is 181536.. Can close position from 181410.. 12 pips gain
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9kingsir
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Apr 28 2014, 10:19 PM
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So 8-9pm long back from 181410 to 181610...Scalp 20pips
GREAT profit..
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9kingsir
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Apr 28 2014, 11:55 PM
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QUOTE(cmk96 @ Apr 28 2014, 11:18 PM) GJ long since 11/4... profited 210 pips... Normal profit.  U must deep pocket..
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9kingsir
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Apr 29 2014, 04:15 AM
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Yesterday scalp only for GA 2-3hours gain around 32 pips.. Is my signal ok?
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9kingsir
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Apr 29 2014, 08:17 PM
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yesterday forex academy calculate it will drop to 181330 from 181810..
as of now 8.15pm to 9pm.. will still drop to 181250 ... high i think will be 181500... see if this works...
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9kingsir
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Apr 29 2014, 08:30 PM
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forex academy will soon be signal provider...
those interested please pm me..
daily tips on best pairs can be trade... suitable for hedge, scalp and ranging..
Will include what to do in the tips..
Double buy, drawback 50%, martingale, open trade and closed trade, where is the support and resistance area..and price action.
Tips release daily..
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9kingsir
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Apr 29 2014, 11:09 PM
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QUOTE(9kingsir @ Apr 29 2014, 08:17 PM) yesterday forex academy calculate it will drop to 181330 from 181810.. as of now 8.15pm to 9pm.. will still drop to 181250 ... high i think will be 181500... see if this works... it hit my signal and it bounce back went to my hegde 181807.. very good profit..
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9kingsir
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Apr 29 2014, 11:55 PM
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EU trend short.. so until where u guess will pull back?
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9kingsir
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Apr 30 2014, 12:00 AM
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QUOTE(9kingsir @ Apr 29 2014, 11:09 PM) it hit my signal and it bounce back went to my hegde 181807.. very good profit.. today.. so far i post ..i think 4-5 trade on GA hit my Signal and profit... Bro that follow sure to those bros that so fast sign up for the signal and those PM me.. i thank you.. more to come..
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9kingsir
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Apr 30 2014, 12:05 AM
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hmm.. a quick guessing move ( i dint calculate)... EU from 138055 to 138167 then back to 138120 then goes up back....
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