Haha.. You still remember me?

I am doing well with secret way.

Glad to hear that. Now much old days forex kaki return here.
Dunno where you all went -.-

what is the best technique? nubie here

Cool forex trivia for ya...

Do you know that if you can consistently produce 5% each trading days without fail, you can grow 100 to 13150 in just 100 trading days?

U mean with compounding with previous balance?

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?

Hi, i'm kinda new and not new in this forex thing. Have been trading in demo accounts for about 3 months.

Anyone can suggest a legit broker which is not a market maker and how to differentiate them?

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 when those "Group" show them crazy profit~

Don't most events in the world have a 50% probability to happen? If you toss a fair coin, you will get either head or tail.. either has a 50% probability to happen. You go out today, it will rain or it will not. Either has a 50% probability to happen.

But yes his trading record is out there, but that does not account for slippage and requotes.. benchmarking this against KGF, We will see who wins after a year or two.

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.

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

none. bcoz u hv ur own mind to interpret data n emotions to handle - which is different from person to person. coupled with discipline n planning which most do not do, u will realize different results though u r using exact same indies/rules set by others.

why patience worries you?

are you in a hurry to .... ?

well i got nothing to do with this kind on signal provider etc2.so i better silent lol.but i u lol

few years back,i also join 1 group.signal provider and audio/visual class every week.the mentor will provide signal and he will give every detail why he open/trade every single trade.cost me 600usd per month.after 3 month i cancel my subscription since the signal 6/10 r/r more than loses than winning and also repeated strategy,mainly breakout,snr,fibo,pattern,divergence etc2.

if want to trade forex,better trade yourself,learn from experienced. but the hard questions is,which strategy is suitable for u,which guru u should follow,which mentor etc2.never end lol.this journey will take many years.
so,the most shortcut way is follow signal provider or pamm.
but,u should take consideration.did u willing to dump few k to invest since this kind of so called "investment"?we are in malaysia,BNM would never protect this kind "investment".

after u find good strategy maybe TA or fundamental etc2,try it on demo.profit.shifting to real account.real account u battling with market and also broker.why broker?if successful trader,broker will give u hard way to trade.SL didt trigger.TP didt trigger.market manipulation,re-quote,even some case your profit trade deleted lol.

i speak to much.so,anybody who want to trade for living,learn for yourself,step by step.ok bye lol

Patience in term on Entry & Exit.
Sometimes enters a bit early, and most of the time Exit too early
My patience skills still under training lol.

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?

Including me also.
Always have early exit.

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.

Swap and spread is too small to take into account if you trade long term trend following strategy. I personally have no issue absorb the losses on this two. That's the reason I trade forex instead of stocks.

50-50 is correct for me. However, the market has been sideways since January. I have no profit for Q1 and now is already last month of Q2. Current drawdown for my equity is -5.5%.

All I hope now is currency market to start trending, just like previous few years, which I made good profit. Again, I am long term, I have my yearly ROI, don't really care about daily profit.

Very true. If you want to trade real forex, don't go for MLM type "broker".