i do not fear the negative 250pips . all prepared for this but need to know the risks and disadvantage involved if there is any.need to look at my trade strategies and money management again

in every positives ,there are negatives and vice versa. just dont let the positives cloud us too much or we may be shock to face the negatives.

in my younger days i read shoot football magazines published in UK ,a couple of years later ,then i discover playboy mags to be more exciting, never fancy penthouse ,too explicit .then later someone pass me some books on how to be a successful CC to fight with casino. never bother to read them at all as i dont like to get involved in time consuming pursuits.play at casinos with frens a few times .breakeven. never believe can make a living out of it.

never read any books on forex. scalp here and there on www. any website besides babypips to recommend. you sounds like a careful person which is good. i am more careless but not less serious

@mchicken

thanks to your comment which i find useful but also pointless ,only for the sake of discussion.

only a fool would trade blindly and even worse ,without adopting money and trade management and strategies, as result burn their sai lang monies . from what i have gather ,even if one is equipped with so call strategies and MM ,many will still lose monies .as in many form of investment/speculation ,and forex especially ,as you already aware ,is much much more complicated than having only arm with strategies and some form of management ,though it will help.

i guess few if any is interested in engaging robot to execute trading on his behalf ,not interesting at all.from what i know , forex trading involved human emotion attachment .the greed to win more and usually ,the fear of losing usually drives us to make the simplest of mistakes and this could effect to more critical mistake.

about risks , all businesses and investment in any forms cant run away from this.it only matter , if one is aware of the risk one is venturing in .i believe forex is a high risk game and with it , the gains must be equally good if not better ,otherwise get out and do something else.

most important of them all ,only trade in forex on one's surpluses

Bro csong60

when are free over a cuppa of coffee or other beverages ..want yo learn free margin,leverages and the critical margin calls from you and a overview of forex trading .no obligations though.am still designing a investment strategy for myself whether to invest and play and gambke like the rest of the 95% or go for sai lang but with higher probabilities of profiting which justify my investment capital and ofcoz only trade with surpluses. I believe in no risk no gain concept but all risks needs to be weighted first

This post has been edited by starship1: Sep 13 2014, 01:45 PM

Thanks bro.i have made several attempt to send you PM but probably unsuccesful fm my hp.tomorow should be fine but only at your convenient. Once again xie xie

maya9090

pretty good advice from you i must confess. 500USD is a right amount for most newbie .demo acct i believe have its usefulness too for the newbie to feel and learn and get a good hold of trading applications and executions and P & L calculations.it wont helps in testing one's emotion which i think is critical between success and failures.

IBs and Brokers ,like any business entity provide us with the platform to invest and i dont see anything wrong with them charging commission on their clients unless they acted like crocodiles or syndicated mafias which i assumed is what you are trying to say.

if you may ,kindly elaborate more and i am sure many newbie will find them useful.i heard about spillages and spikes and could kill an account.

i know for a fact Forex trading is a very difficult market to win and it is not for anyone as it will caused many a adrenaline rush and drain one's out emotionally if we lost control .careful research needs to be carry out to find whether its suitable for anyone and testing the market with real money against one's skill such as patience ,management and strategies and i think the mindset especially, is unavoidable .0.5 to 1k may be the right amount to start off but because i intend to invest mid to long term ,thats why i think a higher investment capital may be appropriate and neccesary

This post has been edited by starship1: Sep 14 2014, 08:49 AM

bro maya

hope one can see and understand ,a casino game in any form, is a game of chance or pure gambling where the rules of probabilities is always against you and ofcoz there are house commission too.i agree that it could be a digital trap as you have correctly pointed out to anyone  who bother to listen and understand ,as now it offer convenience and is a form of internet gambling.to me ,whenever i walk in a casino i want to enjoy the game there purely as a entertainment and usually had fun there with controlled bets .for me , the odds there is so much better .

personally ,i dont take this so called trap too seriously as i know in life ,there are many other aspects and forms that can be categorized as  digital trap and one such thing is called the Credit Cards and there many more i can quote.

Forex trading is too complex for any one to get it properly regulated and i guess thats why the US govt may feel hesitant but US citizen is still allow to trade offshore.dont forget US banks are the biggest players in forex.I guess the tax collected here is sufficient to keep uncle sam happy

If someone offer you and expect ROI to be in percentages of 100s and 1000s ,dont put your money anywhere near those who offer this bullshit and if oneself expect this ROI then one is blinded by over greed.still , it does not mean one will fail entirely or miserably but it is very very difficult.

you put up a few good advice of awareness and for those who needed them .thanks mate

This post has been edited by starship1: Sep 14 2014, 10:11 PM

last nite on my Demo acct ,i made 120pips also

This post has been edited by starship1: Sep 18 2014, 10:12 AM

Join me

i am the Trader of the Year and Chairman of the Board of the common people which is about 95% .Just joking with you bro .

either you keep on demo-ing until you have fine tune your strategies and MM or you start with live account and test your mental state.

dont mean to scare you off , there are hundreds of strategies ,trading and money management and trading systems. 95% dont always work.

if you can find reasons why 95% dont always work ,just dont repeat what they do and you may win.its a fair game still

i only know one positive expectancy and thats a game of 21s for C.C. but its long gone now. seems the odds is better at currency trading where one can weigh the rate of probabilities although there are tens of them usually

Goodness ,the mighty pounds

This thread getting so boring

The last few trading days so exciting and volatile.i trade on demo also can feel.seniors should post their predictions and expertise lah.i already burst my demo account and burnt all the heaven"s note but still exciting

Beautiful.exactly what i intend and will do.one the better advise on how not to fail as a trader and if followed and executed properly should see profits

have mercy to oneself but merciless with the market yet not treating the market as a revenge and quick money making platform.knowledge and experience are a must in this specialise field and those very few who make it are no ordinary being .highly educated persons who refuse to learn and adapt are no guaranteed to make money here.

This post has been edited by starship1: Sep 21 2014, 05:03 PM

UJ swing up and down make me kepala pusing

the Eur is bloody useless. how many times it fail to break 2683.it makes the balls swing left and right

yes and but on the fifth attempt and it now deserve to be at 2740 now

i wanted to long EU at 2680 but it look like a strong resistant last nite .was lazy and sleepy and miss the train. luckily on Demo Acct. but prove useful and interesting.could feel the emotion

this morning on live acct. long this bugger at 2722 and make 19 pips on 0.1 lot size. very song liao

accidentally click short A/U and make 22pips on employment data on 0.1 lot .this one is pure luck .very song. hopefully more songs to come before i burnt my live acct.

EU bulls will test 2800 tonight. my 2+2 sen reserved for my own only

Whether you attend forex classes or self trade you wil burn one or more account b4 you get any better and yet can still.lose more money.go open a demo acct for basic training and once ready go test water with few hundred bucks as learning fee or belanja teh tarik to the broker.there are no free lunch in this world and the most important golden rule is only fight with the market and test your character with money you can afford to lose.otherwise stay away fm forex and find something else to do