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 Forex Version XIII, Foreign Exchange Market Discussion

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zDarkForceSz
post Jun 7 2014, 11:34 AM

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QUOTE(jack2 @ Jun 7 2014, 09:52 AM)
I feel like you are here for getting members.
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Jack long time no see. Still doing trading?
zDarkForceSz
post Jun 7 2014, 03:13 PM

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QUOTE(jack2 @ Jun 7 2014, 01:17 PM)
Haha.. You still remember me?

I am doing well with secret way.  brows.gif
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Glad to hear that. Now much old days forex kaki return here.
Dunno where you all went -.-
zDarkForceSz
post Jun 7 2014, 10:22 PM

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QUOTE(lowya @ Jun 7 2014, 04:09 PM)
of cause with compounding.

BUT...

do you know that at $100 account if you lose half (-50%), you need +100% to win it back to breakeven? That means it takes double the effort to win than to lose mathematically speaking. This is only 1 of many things why the house (broker) always win. Others are like:

spread and/OR spread widening during news to hunt stops (for those who trade short term or news)
swap (for those who trade long term)
re-quoting
slippage

so the broker got 5 secret weapons. Now, what've you got?
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Bro, I couldn't agree more.
Those you mention above, not much people understand them.
That's the real bible of investment.
They just become rclxub.gif when those "Group" show them crazy profit~
zDarkForceSz
post Jun 8 2014, 09:38 AM

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QUOTE(lowya @ Jun 8 2014, 09:04 AM)
nope. trend trading has only <33% of chance.  You have up, down AND sideways. 3 Outcomes given any time snapshot, and if you trade didnt get hit either up or down, swaps gets you on the sideways as mentioned in one of their secret weapon.

Caveat Emptor for newbies...

those demo trading records when accounted for slippage and requotes, you would be amazed how much are those gonna cost you. Do you know that zulutrade is built with the single revenue objective to convince you to trade with their own broker? they show other broker's slippage are so high, whereas theirs are so low comparatively, oh well that is because there is no lag time if you own both the servers.

So do they want to make it look difficult to make money, or are they going to tweak it such that it looks so darn easy to make a living riding other people's trades? you be the judge.
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50% maybe only happen if you trade "Binary Options" lol.
Forex is definitely less than <33% with those Slippage, Re-quote, Swaps trick~~

To me swaps is not a problem. Sometimes I pay, sometimes I got paid.
So far never gets re-quote.
Slippage, this can never be avoided when there is huge volatility in the market.
Is patience that worries me.

This post has been edited by zDarkForceSz: Jun 8 2014, 09:39 AM
zDarkForceSz
post Jun 8 2014, 02:50 PM

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QUOTE(lowya @ Jun 8 2014, 12:55 PM)
why patience worries you?

are you in a hurry to .... ?
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Patience in term on Entry & Exit.
Sometimes enters a bit early, and most of the time Exit too early smile.gif
My patience skills still under training lol.
zDarkForceSz
post Jun 8 2014, 08:42 PM

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QUOTE(WHITE ACE @ Jun 8 2014, 07:41 PM)
Hi, does anyone here know an IB name Steve Pok? He earned a lot since age 24. Anyone know how he built his Forex fortune?
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I not sure who is he.
But if he is those MLM group, I would advice you to stay off from his trap.

A lot of so called IB (forex broker from NZ/AUS with not much reputation) nowadays, posting branded stuff, liquor, travel, grouping and bla bla bla... Most important they "Collect your money" not you bank in directly to the broker. They are MLM type.
Asking you invest under package (1000usd min / recommend you 2000usd & above), got what fund manager trade for you promise certain % of return.
You only can touch 70% of the remaining, 30% locked.
The head took the 30% your investment and give some % to the IB that recruit you.
This is where their fortune came.
Besides that, every trades you enter & closed they get a certain amount of commission too.
zDarkForceSz
post Jun 13 2014, 08:10 AM

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QUOTE(MonsterPips @ Jun 13 2014, 08:06 AM)
hope you guyz survived on GU
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thumbup.gif The best comment ever!
zDarkForceSz
post Jun 13 2014, 08:29 AM

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QUOTE(lowya @ Jun 13 2014, 08:24 AM)
SHORT NZDUSD

LONG EURGBP

(notice that i will not amending my post, unlike some Wishy-washy loudmouth whose 80% of posting are always amended)
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NZDUSD I got same opinion. But prefer to see hunting 0.87 again. smile.gif
zDarkForceSz
post Jun 13 2014, 09:17 AM

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QUOTE(OKLY @ Jun 13 2014, 08:59 AM)
Survived it with some luck also, it was going up until when I opened my MT4 app that I saw it dropping for about a minute, quickly exited my short positions with 3-4 pips profit and then opened a long position to take 20 pips profit. Phew.. laugh.gif
*
sui sui haha. sibeh heng lo you. thumbup.gif
zDarkForceSz
post Jun 13 2014, 09:37 AM

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QUOTE(9kingsir @ Jun 13 2014, 09:35 AM)
sifu darkforce.. u sure win alot lo...
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bo la i'm not trading...
watching World Cup...
zDarkForceSz
post Jun 18 2014, 03:23 PM

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QUOTE(9kingsir @ Jun 18 2014, 01:25 PM)
lol... salesman selling?
*
Dei,
selling EA, groups, signals and etc la. doh.gif

This post has been edited by zDarkForceSz: Jun 18 2014, 03:23 PM
zDarkForceSz
post Jun 18 2014, 07:55 PM

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QUOTE(lowya @ Jun 18 2014, 05:27 PM)
Has anyone use WebMoney, Skrill Moneybookers, Neteller here to store their spare cash away to fund forex trading? Would like to get some feedback..
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I only use paypal, sometimes ebay. But charge high fees cry.gif .
zDarkForceSz
post Jun 30 2014, 01:53 PM

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QUOTE(WilliamSun @ Jun 30 2014, 01:00 PM)
Just researching on Arbitrage ..any1 heard of that ?
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Arbitrage strategy on forex you need to deal with 3 correlated pairs.
zDarkForceSz
post Jun 30 2014, 01:55 PM

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QUOTE(lowya @ Jun 30 2014, 09:49 AM)
Just went long GBP/JPY, trying for 7p SL, 70p TP. Anyone this time?
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i think now is the chance.
nice pin bar spotted.
zDarkForceSz
post Jun 30 2014, 02:08 PM

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QUOTE(thesnake @ Jun 30 2014, 01:58 PM)
darkforce,

are you still using FxPro uk as your broker? Now FXpro UK need so many documents for authentication. ID also they need valid passport with bar line for verification
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Because I'm existing customer so I'm not required to re-upload my document.

I'm still using for cTrader, but i think the commission they charge is too high.
But I'm currently using Global Prime for MT4.

If you want to use cTrader, I think Pepperstone already have it.
You can go check.
The other is ICMarkets.

*I'm not introducing any broker. I'm just sharing what I know. Don't come and bash me saying I ask member join xxx broker. Thank you.
zDarkForceSz
post Jun 30 2014, 02:11 PM

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QUOTE(WilliamSun @ Jun 30 2014, 02:08 PM)
Is that reliable ? theoretically speaking, it seem quite the safe way to play with ?
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I never try it before.
You can use it on demo, and demo it out yourself smile.gif
I seldom open and float more than 1 pair.
Unless I'm super confidence, but still the chance is very small for me to float 2 or more pairs together.
zDarkForceSz
post Jun 30 2014, 02:20 PM

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QUOTE(waQ @ Jun 30 2014, 02:13 PM)
wow! nice call zDarkForceSz
thumbup.gif
*
I'm done smile.gif
Attached Image
zDarkForceSz
post Jun 30 2014, 09:09 PM

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QUOTE(kimwee85 @ Jun 30 2014, 08:46 PM)
may i know what PA is stand for?
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Price Action
zDarkForceSz
post Jun 30 2014, 10:59 PM

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QUOTE(kimwee85 @ Jun 30 2014, 09:10 PM)
thanks.

MM is money management??
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MM = Money Management / Market Makers.

QUOTE(kimwee85 @ Jun 30 2014, 09:29 PM)
DD means??

sometimes i really cant think of wats is the short form that u guys using.
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QUOTE(waQ @ Jun 30 2014, 09:45 PM)
if im not mistaken DD is draw down = losses?
right me if im wrong  icon_question.gif
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QUOTE(Rili Toma @ Jun 30 2014, 10:07 PM)
DD should be down draw, in some occasion it also means dealing desk  nod.gif
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DD = Draw down (mostly refer to)
Draw down is not losses, Is just unrealised Profit / Lose.
Lets say I long GBPJPY @ 172.505, current price @ 172.495, I'm currently draw down -1pips (if 1 standard lot) @ 10USD(exclude commission).

This post has been edited by zDarkForceSz: Jun 30 2014, 10:59 PM

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