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 Forex Version XIV, Foreign Exchange Market Discussion

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csong60
post Sep 14 2014, 07:30 PM

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QUOTE(maya9090 @ Sep 14 2014, 07:05 PM)
Another important point I left out. The advent of computing creates a double-edge sword, as it empowers trading in real time & ever convenient/accessible to public regardless of capital (literally), but it could also create collateral damage/kill ever potent than history for the crocs (ie platform owners/brokers). Many don't realize that features like stop-loss & take-profit are actually marked. In fact, that's why typical gamblers of traditional roulette or deck cards would unquestionably shy away from those digital makes. Hence nobody could ever 'win' in the much prevalent digital gambling platform, ever. It is purely a digital trap, hiding behind the cloak of convenience, availability or even as 'safe-zone'.

Food for thought...wondered why those digital forex brokers barely penetrates into the ever liquid US market? Not to mention why don't they get regulated (or recognized) there?

Despite all, I'm not against forex trading, nor its brokers or IBs alike. It's just the expectations of returns are usually over exaggerated/promised...Fulltime trading, financial freedom, 1000% ROI, etc. Therefore it is wiser to experience it personally, following some reasonable research or study (regardless technical or fundamental), before your next 'pit stop' to ponder whether is it worthwhile to persist or not. Whether are u cut out to be in the small 5% minority of winning (not necessary successful though!) traders. Good luck, mates!
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Well said, maya9090!

csong60
post Sep 17 2014, 11:27 PM

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QUOTE(Little Whisper @ Sep 17 2014, 10:29 PM)
Hi all taikors and sifus, ayam new here rolleyes.gif

Im doing nothing, have capital of RM 3000 to invest.  FOREX came into my mind that can earn income few k a week thru my fren.

Taikors n sifus please help, im totally newbie notworthy.gif

1) Is it Forex trading legal in malaysia?

2) How can i open a trading account? By any banks? cimb? maybank?

3) How i deposit a fund into trading account to start?

Mali mali please help all taikors flex.gif  notworthy.gif
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I thought you mentioned your friend can earned a few K a week. That must be the sifu you are looking for!
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csong60
post Sep 18 2014, 10:28 AM

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This post has been edited by csong60: Sep 18 2014, 10:57 AM
csong60
post Sep 18 2014, 11:22 AM

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QUOTE(zDarkForceSz @ Sep 18 2014, 11:05 AM)
If is demo, don't take the trouble to tell us.

Normal Human states of mind,
Demo earn gao gao.
Real lose gao gao.

Same strategy, Same method.

What is different?
Mindset.
You can let your lose float beyond -20%, but you hardly let your profit float beyond +10%.
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Spot-on, zDarkForceSz! It's the mindset.
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csong60
post Sep 20 2014, 10:36 AM

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QUOTE(Little Whisper @ Sep 20 2014, 10:28 AM)
Taiko, the demo account i open fxcm account, i jus create a demo account online.

But how to find a real broker n start trading?  rclxm9.gif
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Just open a live account with the same broker, lah!
doh.gif doh.gif

csong60
post Sep 23 2014, 01:38 PM

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QUOTE(EggPlant @ Sep 23 2014, 01:19 PM)
Xauusd uptrend?
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What??
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csong60
post Sep 30 2014, 08:33 PM

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This post has been edited by csong60: Sep 30 2014, 08:36 PM
csong60
post Oct 4 2014, 07:29 PM

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QUOTE(highlowyat @ Oct 4 2014, 11:56 AM)
i think i have found my holy grail
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Must be the "holy grail" I discarded last week. LOL!

csong60
post Oct 8 2014, 08:10 PM

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QUOTE(demolationz @ Oct 8 2014, 07:48 PM)
Today's entry.  sweat.gif

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My opinion .... AUD/USD going down!

csong60
post Oct 9 2014, 02:18 PM

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QUOTE(kensh!!n @ Oct 9 2014, 02:03 PM)
user posted image

I'm waiting for EU to break above daily resistance @ 1.27629 (aqua line) and pullback towards it before I go long

It gives me more confidence as I considered it as full fledged reversal IMHO smile.gif

What's your opinion guys?
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I say it is going DOWN!

csong60
post Oct 11 2014, 12:02 AM

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QUOTE(goleng2001 @ Jul 3 2014, 11:27 AM)
hi..
me start selling GBPUSD today.. what do u guys think?
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Wise choice for long-term ;-)

csong60
post Oct 16 2014, 07:49 PM

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Long time didn't scalp. Managed 3 trades today on demo .... not bad.


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csong60
post Oct 17 2014, 04:25 PM

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QUOTE(demolationz @ Oct 17 2014, 02:40 PM)
This thread is getting better and better. More chart, more analysis and opinion. Kudos !
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Another good scalping trade on my Live account a moment ago!



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csong60
post Oct 18 2014, 12:57 PM

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QUOTE(highlowyat @ Oct 18 2014, 12:18 PM)
LONG EU since 7th.. havent close my position.. floating +hundred pips
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Nice call! rclxms.gif rclxms.gif



csong60
post Oct 18 2014, 02:13 PM

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QUOTE(highlowyat @ Oct 18 2014, 01:02 PM)
the worst part i cant find new resistance for
maybe i exit at .2600
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Did you type wrongly? .2600 ??

csong60
post Oct 18 2014, 03:18 PM

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QUOTE(froz3nnoob @ Oct 18 2014, 02:54 PM)
Just started trying forex, so how much should i go for it ?
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You mean live or demo account?

If demo account, preferable start off with capital as if it is your live account. No point having 100K demo account when you can only afford 5K in real live account. Just be realistic so that you don't have illusion when profiting ;-)
csong60
post Oct 18 2014, 06:34 PM

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QUOTE(highlowyat @ Oct 18 2014, 05:10 PM)
nope. if the price drop.. stop at .2600.. if price still move up.. ride the trend
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Sorry, I thought you meant profit taking level. doh.gif

csong60
post Oct 24 2014, 05:55 PM

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QUOTE(demolationz @ Oct 24 2014, 05:17 PM)
Lets see what happen. Nothing fancy. Just Fibo and SNR.  smile.gif

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user posted image
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csong60
post Nov 6 2014, 10:14 PM

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QUOTE(louiehky @ Nov 6 2014, 09:56 PM)
biggrin.gif  not bad for ECB.. at least it is zero risk now
small lot size becuz small acc
just simply sharing~
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How come profit is $720? Profit in pips = (12477.2 - 12405.2) = 72 pips but you have 0.02 lots, not 0.01 lot.

csong60
post Nov 6 2014, 10:22 PM

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QUOTE(demolationz @ Nov 6 2014, 10:18 PM)
Itu profit in Points abang.  smile.gif

72 Pips for 4 deci.
720 Pips for 5 deci.
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Pip calculation using 4-decimal only, lah. For Yen related pairs using 2-decimal for calculation.

Yes, even in Points still cannot understand becos the trade is 0.02 lot, means 720 x 2 = 1440, right?

This post has been edited by csong60: Nov 6 2014, 10:23 PM

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