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 Forex Version XIV, Foreign Exchange Market Discussion

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SUShighlowyat
post Nov 13 2014, 11:22 PM

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From: Fairtex Bangplee


QUOTE(Lancelot du Lac @ Nov 13 2014, 11:10 PM)
wtf still demo ? i thought you're oldfag forex trader ?
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im oldfag demo and paper trader biggrin.gif
once i lose 8k.. once i gain 8k.. live acc. breakeven. then i decide to go live when i fully understand what im up against
SUShighlowyat
post Nov 13 2014, 11:35 PM

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QUOTE(Lancelot du Lac @ Nov 13 2014, 11:28 PM)
learn elliott wave by glenn neely , maybe it'll help you to trade
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alrite mate

here we go. US open can see the real move. 6 out of 11 with trend

user posted image
SUShighlowyat
post Nov 14 2014, 01:04 PM

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QUOTE(highlowyat @ Nov 13 2014, 11:35 PM)
alrite mate

here we go. US open can see the real move. 6 out of 11 with trend

» Click to show Spoiler - click again to hide... «

*
6 out of 11 with trend

user posted image
SUShighlowyat
post Nov 14 2014, 04:41 PM

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Strategy: Basket Trend Trading
TF: Daily
Currencies: as shown below (get rid of AUDNZD next time)
Entry: Signal showing uptrend = buy. Downtrend = sell. all pairs at one time (any day any moment. random entry with daily trend following)

user posted image
SUShighlowyat
post Nov 14 2014, 04:56 PM

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QUOTE(Supreme1394 @ Nov 14 2014, 04:52 PM)
How much was your original demo acc. deposit? 99k balance is so  drool.gif and nice floating profit you have there  rclxms.gif
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100k demo. cut loss 400+ few months ago with other strategy
SUShighlowyat
post Nov 14 2014, 05:07 PM

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QUOTE(csong60 @ Nov 14 2014, 05:00 PM)
So in your $100K demo account, are you trading 1 standard lot per trade?
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1 std lot, for 1 pip = 10usd is not it?
here 1 lot, 1 pip = 1 usd

SUShighlowyat
post Nov 14 2014, 05:20 PM

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QUOTE(csong60 @ Nov 14 2014, 05:11 PM)
Yes, you are right ..... for 1 standard lot, 1-pip = $10. Since yours is 1-pips = $1, meaning you are trading 1-mini lot.
In that case your capital for this demo account is unrealistic. I doubt you will ever get margin call ;-)

There is a saying .... "Treat your demo  account as if it is your live account".
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yea i expect that brilliant quote nod.gif

im testing this to determine how much drawdown it can reach? this is important to know the potential DD first
if its around 1000 pips, then need ard 3-5k capital to start on
the highest DD i got is -80pips (minus spread is -25) and highest profit is 350+ (minus spread is 400+ pips)
SUShighlowyat
post Nov 14 2014, 05:50 PM

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QUOTE(cylaipro @ Nov 14 2014, 05:47 PM)
haha like u said open multiple strong currency pair. this is what u get when fail.
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have u heard of stop and reverse? nvm
SUShighlowyat
post Nov 14 2014, 06:12 PM

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QUOTE(cylaipro @ Nov 14 2014, 06:08 PM)
lazy doing that. just try demo only haha
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aite mate.. good luck icon_rolleyes.gif
SUShighlowyat
post Nov 14 2014, 09:55 PM

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QUOTE(kimyee73 @ Nov 14 2014, 09:43 PM)
I knew nothing on forex and would like to learn. I'm looking to open an account with a broker and it has commission of raw spread + $10 per round turn. I'm quite confused on how commission being calculated. Does it meant I need to pay $5 per transaction or what?  rclxub.gif Min lot size is 0.01 lots. Thanks.
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there a lot of brokers offer no commission. im sure some IB here will PM u.. dont worry
SUShighlowyat
post Nov 14 2014, 10:15 PM

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QUOTE(kimyee73 @ Nov 14 2014, 10:09 PM)
There are also no commission accounts but min spread is like 0.5 pip or more depending on broker. Which is better, fixed minimum spread or 0.0 min spread but with commission? I'm going to use it with auto trading via MT4. Thanks.
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fixed spread is better. most of trader choose to pip spread instead of comms
SUShighlowyat
post Nov 15 2014, 09:45 PM

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QUOTE(jennyngmy @ Nov 15 2014, 04:50 PM)
Hi Learners,

I would recommend that you start with $50 and make some profits first. You can register in FXRebator.com and get No deposit bonus to try out the exness platform. you can email me on jennyngmy@gmail.com.
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which method u choose for deposit/withdrawal in exness
SUShighlowyat
post Nov 16 2014, 05:04 PM

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QUOTE(demolationz @ Nov 16 2014, 10:05 AM)
The leverage is high ? Did you know they change the leverage every Friday night to 1:200 ? Last time they was once a good tight spread broker until they ripped me off with the leverage thingy all floating trades of mine had been close automatically.

Its depends on a trader afterall. Swing trader is not recommended. For intraday, just dont overtrade on Friday.
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how the change of leverage affect ur trades been close automatically
SUShighlowyat
post Nov 16 2014, 08:03 PM

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QUOTE(kensh!!n @ Nov 16 2014, 05:47 PM)
Hey anyone here know this forex mentor (Hafizzat Rusli - Prince of Forex)??
» Click to show Spoiler - click again to hide... «


He claimed himself as Master IB for FxPrimus

His marketing really gempak lor, with lambo and luxurious lifestyle rclxms.gif  rclxms.gif

His fee varies by class type :

Basic - RM800
Advance - RM10k
Ultimate - RM40k

biggrin.gif
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the one who make most money in forex is the owner of forex broker
some of malaysians are the owner of forex broker, or co-owner, joint venture of forex broker

SUShighlowyat
post Nov 16 2014, 08:22 PM

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QUOTE(jennyngmy @ Nov 16 2014, 08:11 PM)
Good to know. But Please be aware as there are some scams reported

http://www.forexpeacearmy.com/forex-forum/...er-scammer.html

I would still like you to try exness parallely and compare them. Since it is no deposit bonus, you have nothing to loose. I already have an account with exness, so not able to get the no deposit bonus but you can give it a try and let us know if they really give out no deposit bonus (no strings attached).
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that guy claim that his DEMO acc got scammed by Tradersway doh.gif bad intention
SUShighlowyat
post Nov 16 2014, 11:05 PM

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QUOTE(kensh!!n @ Nov 16 2014, 11:01 PM)
Yeahh really true

And they sell expensive coaching class too laugh.gif
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maybe he own or co-own fxprimus. thats y he endorse fxprimus
SUShighlowyat
post Nov 17 2014, 02:10 AM

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QUOTE(kensh!!n @ Nov 17 2014, 01:40 AM)
Isn't fxprimus a new zealand broker?

Maybe this is some kind of white label
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UMOFX and MOZACFX also a new zealand registered broker
the owner is Malaysian

FXOPEN, LITEFOREX.. co-operate by malaysian. they jump from one broker to create another
SUShighlowyat
post Nov 17 2014, 04:46 AM

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QUOTE(learners @ Nov 17 2014, 12:35 AM)
Hi, Thanks for the reply jennyngmy. Of course, i wouldn't use my whole capital with one trade. Capital usage will be small, but 2k is the amount i''m willing to deposit. I will definitely research fxrebator. I'm new to forex, i thought most people use mt4, i guess i'll have to understand more about exness first. Been trading stocks, futures and options for a while, recently i've been papertrading forex on TOS/TDA account. Until i have pretty consistent result, they rejected the application for foreign account. How disappointing!

Does anyone here trade with FXPro, FXDD or Alpari? these agencies look more creditable to me from my research. Though i feel Alpari is a little desperate, they called me immediately after i put my number in... and i'm not really looking for any rebate or promo, some good reputable agency with good service would do.

Some advice please.
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who reject ur application. which firm u working with?

fxpro, alpari, fxcm they are good broker and regulated
SUShighlowyat
post Nov 17 2014, 02:51 PM

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USD vs JPY

JPY won

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SUShighlowyat
post Nov 17 2014, 03:41 PM

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QUOTE(kensh!!n @ Nov 17 2014, 03:06 PM)
You mean Mocaz, the one that has autocopy trade feature?

Yeah the owner is lukpayat from c.a.r.i.g.o.l.d

It seems few Malaysians have the financial capability to open forex broker biggrin.gif

Another new broker is GAFX, their office in Bangi

Their liquidity provider is Boston Prime

These guys are thousand miles ahead of us laugh.gif

Nevermind, we will reach that level one day biggrin.gif
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that as easy as this: u pay Boston Technologies around 50k and after 3 months everything will be done by them. they will setup everything from A to Z
get MT license
get feed provider
get offshore office (NZD, Cyprus) register business and regulations. there u go.. BOOM! new bucket shop in town

get local office and server (but put offshore office in website) in Malaysia under IT license
considering 95% traders will fail, the guaranteed profits as good as UMNO/BN cronies business profits

This post has been edited by highlowyat: Nov 17 2014, 03:44 PM

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