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Forex Version XIII, Foreign Exchange Market Discussion
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qwertyuioped
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Mar 4 2014, 06:08 PM
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QUOTE(project68 @ Mar 3 2014, 09:42 PM) apparently no, he's using exness broker micro account... well i got other friends who earn more than 50k per month, this one is really legit coz i already met him, he teach me his technique(after try to learn it for almost a year, his technique mainly use what trader call 'six sense', not all trader have this abilities, but he does...) for those who didn't know what six sense, is something like he can predict where market is going just by looking at chart...yes only naked chart so in the end i fail to master his technique since its require 'six sense'  QUOTE(project68 @ Mar 3 2014, 10:29 PM) what i show you earlier is his live account statement, up to you to believe...but if you didnt believe this guy can earn 1 mil... i have a friend that earn more than 15kusd per month from forex, in the past before i knew him he already withdraw more than 500kusd with screenshot and verified by broker... 50k per month is definitely believeable and very plausible. if 1 mil definitely fake de. if you have 1 mil deposit, leverage is so damn low, its hard to make any decent money. not to mention the liquidity needed for such large positions. p/s my target also is to be able to withdraw 50k from my account someday. but doubt it will come soon. maybe in few years lol.
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qwertyuioped
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Mar 6 2014, 12:28 PM
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QUOTE(Kaizel @ Mar 6 2014, 04:22 AM) I recently reached the legal age of 18 (Malaysian) and is very interested in the forex market. After years of homework and practise, I know quite a bit about the market. However, I am also fully aware and willing to accept the fact that most beginners, if not all, will fail on the first time trading. Anyways, the one thing I could not grasp on are the requirements. I would like to register on OANDA Asia Pacific. Can someone please enlighten me? 1) Do I need to have a job before I can trade? (I am a student) 2) Anything that I need to declare before I trade? 3) Generally asking, what are the (legal) requirements before I can start trading legally? Thanks a bunch in advance!  I started playing forex when i was 16! lel. last time no need verification or whatsoever. burned my account anyway. xD
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qwertyuioped
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Mar 6 2014, 01:03 PM
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QUOTE(project68 @ Mar 6 2014, 11:37 AM) Somehow after i remove all my indicator and my left chart naked i able to trade and gain more profit than before... My successful friend that earn 15k per month once said this to me, 'use your eye as indicator itself than relying on lagging indicator' , i think i understand what he means now... ur fren is it the 'mrlan09' in CG forum? just curious.
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qwertyuioped
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Mar 6 2014, 01:07 PM
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QUOTE(project68 @ Mar 6 2014, 02:04 PM) yup, ganu ppl  his result damn geng le.. trade naked summore. i cannot brain his techniques.
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qwertyuioped
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Mar 6 2014, 01:17 PM
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QUOTE(project68 @ Mar 6 2014, 02:12 PM) actually i'm using his technique currently, you just need to open your eyes abit, think differently from other 'traders'...well it takes me 3 full month to completely understand his technique...  just that my main problem right now is not the technique, it's greed&impatience... it's damn hard to get rid of this 2 things  how to study price action? mind pointing me to some articles or how u studied?
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qwertyuioped
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Mar 6 2014, 01:19 PM
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QUOTE(project68 @ Mar 6 2014, 02:12 PM) actually i'm using his technique currently, you just need to open your eyes abit, think differently from other 'traders'...well it takes me 3 full month to completely understand his technique...  just that my main problem right now is not the technique, it's greed&impatience... it's damn hard to get rid of this 2 things  sry, ter double post. This post has been edited by qwertyuioped: Mar 6 2014, 01:20 PM
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qwertyuioped
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Mar 30 2014, 06:29 PM
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QUOTE(Boykidz93 @ Mar 30 2014, 11:31 AM) since i had google up and i cannot get the exact answer, but legal some illegal, So if i play forex not under bank, but for example FXCM, I am illegal? If i am legal, Will i get tax from Government? Will there be any problem when purchasing car/house by cash? (just asking)  Its in a grey area. Neither legal or illegal. But simply said, govt dont want you to trade forex because lot of people kena scam by syndicate or so called 'investment group'. Plus forex is unregulated thats why BNM dont want to acknowledge it. If you want to trade you trade, if rugi tanggung sendiri. Simple as that. As for the tax om not really sure, some ppl say no need because its an investment from offshore, idklol.
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qwertyuioped
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Mar 31 2014, 03:26 PM
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QUOTE(Boykidz93 @ Mar 31 2014, 02:00 PM) analyse the graph for 45 minutes, i guess CADJPY had reach climax, SELLING it now, hope it dont fails me !  I wouldnt try to catch a falling knife if i were you, or in this case a flying rocket.
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qwertyuioped
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Apr 2 2014, 10:37 AM
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FXCM UK is having 1:200 leverage if im not mistaken. lower leverage is better for us anyway in a way that we wont open carzy big lots that will wipe our account. xD
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qwertyuioped
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Apr 5 2014, 01:38 PM
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QUOTE(tdoptions1689 @ Apr 5 2014, 02:30 PM) Hi, Seems everyone is discussing how real is their broker. Let me tell you guys something. I am 11 years in Financial Industry, we have Marketing Team, Technical Team, Back End Team. So what I wanna tell you is, no broker are absolutely clean. It is all on grey sided. They tell you it is direct ECN or major banking best price, but they won't let you know who their liquidity provider is. Half of them believe broker hunt stop losses especially those love to use high leverage with always high margin used. It is absolutely true and they love hunt during High Impact News due to the volatility and retail traders speculations. Pro Tech Trader always avoid high volatility, with good Money Management. Always seeing that a lot of them mistaken never risk a single trade with 2% - 4% , but how many trade have you open? It is the same thing bad MM if you open too much. What I can advise here, avoid High Impact News, keep your DD below 15%. Pro Trader will always keep below 8% or even around 5% to avoid hunting scenario. Hope it help.s agree. espiecially on the part no broker are absolutely clean. broker is there to make money mah, same like us traders.
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qwertyuioped
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Apr 23 2014, 06:36 PM
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QUOTE(tdoptions1689 @ Apr 23 2014, 07:32 PM) USD/JPY got rejected from 200 MA is a bad news for you. A good news for you is the CAD was pretty week since last weak. Even some good fundamental also unable to gain any strength. Good Luck Mate. Thx for the comments. For now i will just "sembahyang kuat2" lol. its a demo account anyway.
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qwertyuioped
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Apr 23 2014, 06:47 PM
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yeah. I still have alot to learn in this field.
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