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 Forex Version XIV, Foreign Exchange Market Discussion

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louiehky
post Jan 22 2015, 12:40 AM

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QUOTE(RonaldF @ Jan 21 2015, 09:12 PM)
i dont think i will start with 500$ first because im still a student.. and newbie to forex.. i cant afford to lose 500$..

if i were to deposit, who do i deposit to? and how do i withdraw if i earned some money?

Thanks very much
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Hi, good evening...just miss the usdcad so come in to dap derr (interrupt)~ tongue.gif
So u plan to lose all ur 100USD?
There are many reason not to start with 100USD in live account, but the simplest is how much ROI u expecting for 100USD?10%/100%?(there are people can make 100% of return within mths but for those i knw they will not start with 100USD)
if what you want is just experience why not start with demo?at the same time do part time and save up your capital~

or u take binary option as an option brows.gif brows.gif
**but beware ur 100USD will gone within minutes and without know why~
***got get some books about it, not video from YouTube, i rather dont talk about this cuz just starting to study it drool.gif
nicnyx
post Jan 22 2015, 01:32 AM

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QUOTE(louiehky @ Jan 22 2015, 12:40 AM)
Hi, good evening...just miss the usdcad so come in to dap derr (interrupt)~ tongue.gif
So u plan to lose all ur 100USD?
There are many reason not to start with 100USD in live account, but the simplest is how much ROI u expecting for 100USD?10%/100%?(there are people can make 100% of return within mths but for those i knw they will not start with 100USD)
if what you want is just experience why not start with demo?at the same time do part time and save up your capital~

or u take binary option as an option brows.gif  brows.gif
**but beware ur 100USD will gone within minutes and without know why~
***got get some books about it, not video from YouTube, i rather dont talk about this cuz just starting to study it  drool.gif
*
Usdcad just gone crazy, 300pip in 2 hours. Missed it cry.gif
blah2blah
post Jan 22 2015, 08:07 AM

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hi, newbie here. may i know where can i learn more? thanks. going jobless soon
blah2blah
post Jan 22 2015, 09:14 AM

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QUOTE(cylaipro @ Jan 22 2015, 10:08 AM)
forex u can make return more high than options if u know how to play it. when i am newbie i got 1000% profit in 1 week and another week lose all again. forex is too risky for newbie.
*
hi sifu can teach/guide how to start? read some of your comment and yes i lose money back then. newbie here.
louiehky
post Jan 22 2015, 09:53 AM

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Just to be clear, I am studying how to use option to hedge my my ordinary trade in Forex~
Both are profitable but depands on how you run it...

SO any idea about tonight's ECB?or any profitable trade idea?

oreomambo
post Jan 22 2015, 11:02 AM

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I don't really recommend newbie to dive into binary option. It is akin to gambling. You have to open your position and get it closed within a predefined timeframe. I don't know which indicator can give you accuracy of such. Its like saying "i am sure it will go up/down by xx within yy period". Even bigger adrenaline rush than the usual forex. While in forex, even if you missed your target price, it doesn't mean game over, just stay in and wait (even if it swaps to next day), provided you have not hit your stop loss or ran into margin call. If i were you, stop loss should be how much you intend to lose in binary. At least this give you no time limit like option. With MT4, put even a trailing stop so your stop loss moves upwards along with profits while you can take your time.
oreomambo
post Jan 22 2015, 11:09 AM

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QUOTE(louiehky @ Jan 22 2015, 09:53 AM)
Just to be clear, I am studying how to use option to hedge my my ordinary trade in Forex~
Both are profitable but depands on how you run it...

SO any idea about tonight's ECB?or any profitable trade idea?
*
ECB rate announcement..tricky. Last round already maintain interest rate. This round still can hold the fort, tough decision.

if they cut the the rate, then you'll see ppl dumping EUR like mad. (see what happen to CAD after the rate cut announcement)
if they don't cut the rate, then status quo (EUR still diving south, maybe going up at first after the news..then drifting to hell again...slowly)

yummy time to go in short
sleepwalker
post Jan 22 2015, 11:54 AM

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QUOTE(oreomambo @ Jan 22 2015, 11:09 AM)
ECB rate announcement..tricky. Last round already maintain interest rate. This round still can hold the fort, tough decision.

if they cut the the rate, then you'll see ppl dumping EUR like mad. (see what happen to CAD after the rate cut announcement)
if they don't cut the rate, then status quo (EUR still diving south, maybe going up at first after the news..then drifting to hell again...slowly)

yummy time to go in short
*
They can't go any lower as they are already 0.05%. The only question now is how much QE are they going to announce and whether that quantum has been already priced in or not.

This post has been edited by sleepwalker: Jan 22 2015, 12:09 PM
oreomambo
post Jan 22 2015, 12:10 PM

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QUOTE(sleepwalker @ Jan 22 2015, 11:54 AM)
They can't go any lower as they are already 0.05%. The only question now is how much QE are they going to announced and whether that quantum has been already priced in or not.
*
Yeah, cutting anymore going to bankrupt...
already some leak rumor of some jist of the QE with monthly 50mil bond/asset buyback. patching wound with cellotape. .

expecting to see volatility later at 3pm onwards today. pop corns ready.
KeroroQ
post Jan 22 2015, 12:42 PM

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QUOTE(louiehky @ Jan 22 2015, 12:40 AM)
Hi, good evening...just miss the usdcad so come in to dap derr (interrupt)~ tongue.gif
So u plan to lose all ur 100USD?
There are many reason not to start with 100USD in live account, but the simplest is how much ROI u expecting for 100USD?10%/100%?(there are people can make 100% of return within mths but for those i knw they will not start with 100USD)
if what you want is just experience why not start with demo?at the same time do part time and save up your capital~

or u take binary option as an option brows.gif  brows.gif
**but beware ur 100USD will gone within minutes and without know why~
***got get some books about it, not video from YouTube, i rather dont talk about this cuz just starting to study it  drool.gif
*
My first acc with 100usd gone within weeks of revenge trading and not following a plan, no pain, no gain hahaha!
Stick to ur rules and stay disciplined to it!
blah2blah
post Jan 22 2015, 01:16 PM

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may i know why some broker only offers 1:50 and some even offer 1:1?

some spread are also huge in difference? thanks.
oreomambo
post Jan 22 2015, 01:18 PM

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QUOTE(andrewcha @ Jan 22 2015, 01:16 PM)
may i know why some broker only offers 1:50 and some even offer 1:1?

some spread are also huge in difference? thanks.
*
1:50 is mainly for US ppl as that is their regulated limit. 1:1 ..emm..who would want to use that?
blah2blah
post Jan 22 2015, 01:20 PM

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QUOTE(oreomambo @ Jan 22 2015, 02:18 PM)
1:50 is mainly for US ppl as that is their regulated limit. 1:1 ..emm..who would want to use that?
*
from the first page of all the broker, which one is recommended? thank you sifu
chongtiensum
post Jan 22 2015, 01:55 PM

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need help...
anyone withdraw before from hotforex to visa or mastercard aka credit or debit card before?
how long it takes to masuk maybank? ayam de takes almost 5 days liao not yet in cry.gif
ayam feel worried
sleepwalker
post Jan 22 2015, 02:16 PM

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QUOTE(oreomambo @ Jan 22 2015, 12:10 PM)
Yeah, cutting anymore going to bankrupt...
already some leak rumor of some jist of the QE with monthly 50mil bond/asset buyback. patching wound with cellotape. .

expecting to see volatility later at 3pm onwards today. pop corns ready.
*
That volatility from the leak already seen last night when Euro moved up and down 100 pips each way in less than 30 mins.
oreomambo
post Jan 22 2015, 02:22 PM

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QUOTE(sleepwalker @ Jan 22 2015, 02:16 PM)
That volatility from the leak already seen last night when Euro moved up and down 100 pips each way in less than 30 mins.
*
Yup, already traded on that volatility yesterday night which was very heavy at 11pm-ish. Made some good pips out of EURUSD several times and excitement died down towards 1am...
Supreme1394
post Jan 22 2015, 02:30 PM

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QUOTE(oreomambo @ Jan 22 2015, 11:09 AM)
ECB rate announcement..tricky. Last round already maintain interest rate. This round still can hold the fort, tough decision.

if they cut the the rate, then you'll see ppl dumping EUR like mad. (see what happen to CAD after the rate cut announcement)
if they don't cut the rate, then status quo (EUR still diving south, maybe going up at first after the news..then drifting to hell again...slowly)

yummy time to go in short
*
Hi, I wanna ask why was NZDUSD affected by the CAD news last night? My trade was spoilt because of it lol.
oreomambo
post Jan 22 2015, 03:26 PM

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QUOTE(Supreme1394 @ Jan 22 2015, 02:30 PM)
Hi, I wanna ask why was NZDUSD affected by the CAD news last night? My trade was spoilt because of it lol.
*
No idea. maybe other sifu can tell. Probably USD at that time was the only viable safe heaven..with all the CAD, CHF and EUR debacles.


Supreme1394
post Jan 22 2015, 04:14 PM

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QUOTE(oreomambo @ Jan 22 2015, 03:26 PM)
No idea. maybe other sifu can tell. Probably USD at that time was the only viable safe heaven..with all the CAD, CHF and EUR debacles.
*
Yes, I think you're right. Damn these fundamentals are so confusing cry.gif So with the upcoming ECB minimum bid rate, do you suggest we hold short on EURUSD? hmm.gif
starship1
post Jan 22 2015, 09:07 PM

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ECB President Signor Mario Draghi during his speech may say hi all, please sell the Euro. we have 1.1 trillion Euros to buy back later

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