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 Forex Version XIV, Foreign Exchange Market Discussion

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Supreme1394
post Dec 5 2014, 11:33 AM

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QUOTE(maraippo @ Dec 5 2014, 10:38 AM)
just go for newer regulated broker. recently i've tried XM and their execution is really fast. or IKO. no lagging and whatnot. Even when the movement is fast u can still execute. Insta many people said is lagging requotes.
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I heard IC Markets is a true ecn broker and most reviews are positive.
Supreme1394
post Dec 8 2014, 07:21 PM

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QUOTE(kimyee73 @ Dec 8 2014, 03:57 PM)
No, KCR financial.
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So your new broker is KCR financial? Or was it your previous one?
Supreme1394
post Dec 9 2014, 09:47 PM

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QUOTE(kimyee73 @ Dec 9 2014, 11:10 AM)
KCR is my signal provider. New broker is https://www.sensus-capital.com/en/. My previous broker was https://www.hiwayfx.com/en-my.
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Oh I see. When you say signal provider it means you mirror all your trades to follow the provider? Is it reliable in making profit?
Supreme1394
post Dec 10 2014, 04:06 PM

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QUOTE(kimyee73 @ Dec 10 2014, 09:47 AM)
Yes, you mirror signal provider like what they have in zulutrade or myfxbook except that kcr charges for their professional service. As with any trading, there is element of risk and profit is not guaranteed. They take 30% of net profits based on higher watermark, so there is incentive for them to make sure your account value continue to ratchet up else no income for them.  I'm quite new to it, so far is making profits for last 2 weeks but the jury is still out there. Key to reliably making profit per signal provider performance is to get broker that able to track signal provider performance accurately hence I need good ECN broker.
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Wow, very nice rclxms.gif But why do you need a broker to track the signal provider's performance? Isn't it in their best interest to make you profit as you've said? And naturally if they're not good then your profits also won't be good right? So why need to track with another broker? rclxub.gif

Or maybe you think they might be lying to you about your profits? hmm.gif

This post has been edited by Supreme1394: Dec 10 2014, 04:08 PM
Supreme1394
post Dec 12 2014, 01:53 PM

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QUOTE(kimyee73 @ Dec 11 2014, 02:59 PM)
Ha, you got confused  doh.gif What I meant by "track" is not for broker to make sure signal provider performs but rather the performance of the broker able to mimic the performance of signal provider. By the time buy/sell signal reach your broker, they take some time to execute it and it also depends on how good is their liquidator, there will be slippage. How big is the slippage will determine how good is your broker.

For example, when I used HiWayFX, after 130 trades, my profits in pips is 157.5, signal is 267.3. there is a difference of -109.8 or average of -0.85 pips per trade. This is not good. With my new broker Sensus, after 91 trades, my profits in pip is 1529.4, signal is 1560.7, there is difference of -31.3 or average -0.35 pips. Although the performance of two broker was at different dates but it was consistent after I compare with their performance during demo account earlier. My mistake was not to wait for monthly trade report from signal provider before choosing the live broker. If I did, I would have known which broker is better. I decided then based on convenience in opening account, funding options and charges, web portal interface etc.
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Ok, my bad sweat.gif But wow, you seem to making some serious pips thumbup.gif So would you recommend your signal provider? I've seen their track record, it was booming at first but now it's kinda stagnant?

This post has been edited by Supreme1394: Dec 12 2014, 01:53 PM
Supreme1394
post Dec 12 2014, 04:11 PM

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QUOTE(kimyee73 @ Dec 12 2014, 02:36 PM)
Sorry la, me is new to it, just went live for 2 weeks but this is month is volatile and thin, so they are reducing risk now and probably will suspend trading for last part of the month. Come back to me in couple of months and see if I'm able to recommend. Some of my friends are waiting for my results as well.
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Ok, counting on you bro flex.gif Thanks so much rclxms.gif
Supreme1394
post Dec 13 2014, 05:57 PM

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QUOTE(richard1226 @ Dec 13 2014, 02:00 PM)
WOW that escalated quickly. Not all broker can be trusted huh??
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You'd be surprised, most brokers are market makers, which means that they benefit from your loss cool2.gif
Supreme1394
post Dec 14 2014, 07:40 PM

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QUOTE(highlowyat @ Dec 13 2014, 11:17 PM)
99.9% of them. and the ECN and STP is total lies
they shud admit they are offering CFD just like stock broker did
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yalor, forex already tough enough, somore gotta fight against unscrupulous greedy brokers mad.gif vmad.gif

This post has been edited by Supreme1394: Dec 14 2014, 07:40 PM
Supreme1394
post Dec 16 2014, 04:23 PM

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QUOTE(niaosuan @ Dec 16 2014, 04:18 PM)
Just started babypips classes, would like to know which is better broker like cheaper min depo/no withdraw limit.

Saw FXCM does have  min depo of 50usd but what is the catch, anybody here using basic open account?

New to forex hopefully gurus able to look after along the road >.<
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Be extremely careful with which broker you choose. 95% of them out there are market makers and not ecn/stp as they claim to be...best is you search out forepeacearmy reviews or myfxbook before you choose icon_rolleyes.gif

This post has been edited by Supreme1394: Dec 16 2014, 04:23 PM
Supreme1394
post Dec 17 2014, 04:28 AM

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QUOTE(niaosuan @ Dec 16 2014, 04:42 PM)
What is  ecn/stp?
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In layman terms ecn/stp brokers act as a non-biased middle man to send your orders straight to their liquidity provider eg. the market, which in a perfect world should be the norm. However, most of today's so called ecn/stp brokers are actually market-makers/dealing-desk based whereby instead of sending your order to the real market, they create their own backyard market and trade against you. Meaning, if you win, it's their money that you're gaining and not from the free market. So they will pull off all sorts of "tricks" to make you lose your money so that they gain instead. Some examples of "tricks" are like stop-loss hunting whereby suddenly they will artificially spike up their market to hit your stop loss before resuming like normal.

So you have been warned icon_rolleyes.gif

This post has been edited by Supreme1394: Dec 17 2014, 04:29 AM
Supreme1394
post Dec 17 2014, 03:18 PM

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QUOTE(mhmdzz @ Dec 17 2014, 06:21 AM)
True.  But Im happen to know there are brokers who pay back losses for unacceptable spike.  rolleyes.gif
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rclxms.gif Can share?
Supreme1394
post Dec 19 2014, 01:12 AM

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QUOTE(kimyee73 @ Dec 18 2014, 11:34 AM)
How do you identify true ECN/STP or fake one? In my opinion, it has also got to do with the liquidity provider that they are using since the trades supposedly pass thru. Some broker may just use bad liquidity providers hence bad spread and slippage.
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That's the trouble, hard to indentify sweat.gif Right now I'm just going with ICMarkets as they claim to be a true ecn broker. How true this is, I don't know rolleyes.gif But at least their spreads are really thin because they have 50 liquidity providers and most reviews about them are favourable.

This post has been edited by Supreme1394: Dec 19 2014, 01:15 AM
Supreme1394
post Dec 22 2014, 05:43 PM

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QUOTE(Binyamin @ Dec 22 2014, 05:32 PM)
So meaning to say everyone in this thread use indicators. No forex gurus in malaysia teaching it I suppose.
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Naked trading a.k.a price action. I'm doing pure price action with the help of 20 ema as the sole indicator cool2.gif
Supreme1394
post Dec 22 2014, 11:57 PM

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QUOTE(demolationz @ Dec 22 2014, 11:46 PM)
Can give me your performance result ? Or just talk kok only ?  hmm.gif
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+1
Supreme1394
post Dec 30 2014, 04:29 PM

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QUOTE(louiehky @ Dec 30 2014, 12:43 AM)
Helo traders, hows your holiday 😆
trade called for nzdusd *trade at your own risk
http://www.smartinvestholdings.com/?p=564

(1130pm)short: 0.7790
Sl: 0.7822
Tp1: 0.7735
tp2: 0.7696
tp3: 0.7617
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News blew up the trade straight to sl? hmm.gif
Supreme1394
post Dec 31 2014, 11:23 AM

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QUOTE(louiehky @ Dec 31 2014, 08:12 AM)
yup...that's why this trade have a tight sl because of news and year end,
but after the impact of news, it shows another sell signal at H1 chart, due to is new year i decided not to enter biggrin.gif
After all risk management and consistency of trading still the most important factor of winning.
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Indeed, risk management is the key icon_rolleyes.gif
Supreme1394
post Jan 2 2015, 10:26 PM

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QUOTE(highlowyat @ Jan 2 2015, 10:07 PM)
monthly. i close just now 800+ pips
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Nice to hear. Can tell how profitable are you now following this system? IIRC it's been like a month back or more when I first started seeing your bucket trading system, so quite curious about the outcome 👍

This post has been edited by Supreme1394: Jan 2 2015, 10:46 PM
Supreme1394
post Jan 3 2015, 06:00 PM

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QUOTE(highlowyat @ Jan 3 2015, 02:11 PM)
start with 3k, now 5k after 1 month.. because the trend still intact
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Very nice rclxms.gif
Supreme1394
post Jan 6 2015, 01:42 AM

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QUOTE(chongtiensum @ Jan 5 2015, 11:59 PM)
HUAT ARHHHH .... gong hei to all buddies here... ayam just made few  brows.gif  from oil keke... drop till 50 dollar range liao ...
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I iz jelly tongue.gif Congratz thumbup.gif
Supreme1394
post Jan 7 2015, 01:23 AM

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Seems like some of the sifus here are on a roll posting profits rclxms.gif

I also wanna post some of mine icon_idea.gif

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This post has been edited by Supreme1394: Jan 7 2015, 01:24 AM

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