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 Forex Version XIV, Foreign Exchange Market Discussion

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Supreme1394
post Jan 7 2015, 02:40 AM

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QUOTE(demolationz @ Jan 7 2015, 01:58 AM)
Nice one  thumbup.gif  thumbup.gif
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Thanks sir, I'm still a newbie so hopefully my ability to analyse the market can withstand the test of time tongue.gif

QUOTE(chongtiensum @ Jan 7 2015, 02:20 AM)
how to do that sc? lol i wanna try too haha
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what is sc? hmm.gif
Supreme1394
post Jan 7 2015, 02:45 AM

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QUOTE(demolationz @ Jan 7 2015, 02:43 AM)
Screen Capture im afraid.  doh.gif

Wish you best of luck. 2015 can make you a good trader.  rclxms.gif  rclxms.gif
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ok, learned something new tongue.gif

Thanks sir, wish you all the best too flex.gif
Supreme1394
post Jan 7 2015, 12:33 PM

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QUOTE(lisiang @ Jan 7 2015, 10:03 AM)
Any sifus here mind to tell me more about Forex? Heard some news or sayings regarding it in a bad way which made me fear of it. But it seems it is a very good learning curve.
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Anything is bad if you blindly go into it. Forex is no different from opening a regular business, high chance of failure. Though forex might be easier in the sense that you can always improve your strategy over time by learning from your failures, though the same cannot be done for, let's say a food business. But if you managed to get a good grasp of it, you'll get many fold returns. My motto is to never jump into a trade unless I'm more than 80% sure it will succeed.

This post has been edited by Supreme1394: Jan 7 2015, 12:36 PM
Supreme1394
post Jan 7 2015, 05:17 PM

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QUOTE(kimwee85 @ Jan 7 2015, 03:45 PM)
I have 1 question (may be its a dumb question):

For example, I have 2 type of trading account:
i) Account A leverage is 500:1
ii) Account B leverage is 50:1

The question is :
If i trade using same lot, will my Profit/Loss is the same if i using the same size for this 2 accounts?

Anyone can explain the difference?
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The answer is yes, basically all leverage means is how big a lot size you can afford to open compared to your capital. eg. let's say you want to open 1 lot, with no leverage that will cost you $100,000. Now if you use 500:1 leverage, you only need to use $200 as your margin (not sure if that's the right word). So basically with 500:1 you can open much bigger lot sizes compared to 50:1.
Supreme1394
post Jan 7 2015, 11:48 PM

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QUOTE(kimwee85 @ Jan 7 2015, 09:38 PM)
thanks for the answer sifu  notworthy.gif
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Not sifu, me still newbie brows.gif
Supreme1394
post Jan 8 2015, 03:00 AM

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QUOTE(demolationz @ Jan 8 2015, 02:55 AM)
user posted image
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woah nice stuff there, may I ask where did you get those timings from?
Supreme1394
post Jan 8 2015, 03:15 AM

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QUOTE(demolationz @ Jan 8 2015, 03:03 AM)
ForexFactory. scroll down bro  sweat.gif
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Paiseh, I was always stuck in the calendar section of forex factory tongue.gif
Supreme1394
post Jan 8 2015, 02:26 PM

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QUOTE(Pinnacle1295 @ Jan 8 2015, 01:23 PM)
You mean to say for the same amount of pips gained the profit in $ is different for 2 different account with different leverage? Are you sure about this?
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I believe he's saying that with a lower leverage, you can't open a bigger lot size comparatively due to limited capital. Hence lower lot sizes bring you in less profit for the same amount of pips gained for any trade.
Eg. Say a trade gains 10 pips, if you had opened a 1 lot size, you'll get $100. But if you could only open 0.1 lot size, you'll get only $10.

This post has been edited by Supreme1394: Jan 8 2015, 02:46 PM
Supreme1394
post Jan 8 2015, 04:46 PM

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QUOTE(Pinnacle1295 @ Jan 8 2015, 02:43 PM)
Yes, that's what I thought too. The question by kimwee85 was referring to "same" lot size, that's why the answer was confusing. I would say your reply earlier was very clear to the point ;-). Anyway many thanks for all the comments & answers.
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Glad to help icon_rolleyes.gif
Supreme1394
post Jan 9 2015, 02:10 AM

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QUOTE(kimwee85 @ Jan 8 2015, 11:17 PM)
i get Gula Melaka for u and u make cendol urself, ok??? biggrin.gif  brows.gif  brows.gif
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rclxms.gif rclxms.gif rclxms.gif
Supreme1394
post Jan 9 2015, 03:49 PM

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QUOTE(lowya @ Jan 9 2015, 01:25 PM)
On business, once you get the customer base, the regular income starts coming in CONSISTANTLY.

Forex, you have to always subject to probability outcome, consistent traders are rare out there.
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Agreed, but the problem is whether or not the customer base can be obtained hmm.gif If cannot gain good customer base and end up gotta close down the business, lots of money would have flowed down the drain. That's why in any field, as long as you know your stuff, profit will come and search for you nod.gif
Supreme1394
post Jan 9 2015, 09:58 PM

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QUOTE(demolationz @ Jan 9 2015, 08:16 PM)
Aiyah. Now people discuss cendol pulak. haha!  tongue.gif  rclxms.gif
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Kopitiam virus invasion brows.gif

QUOTE(csong60 @ Jan 9 2015, 09:48 PM)
Interesting question. I hope someone can enlighten us with some comments.
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I don't know too, but logically speaking my ROI would be my % gain after a year of trading, lol tongue.gif
Supreme1394
post Jan 9 2015, 10:19 PM

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QUOTE(csong60 @ Jan 9 2015, 10:10 PM)
And how would you compute the % gain? 1 year total profit divide by ??? to give the percentage figure.
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1 year profit / sum at the beginning x 100% cool2.gif

Or if can't wait for a year, can take a month's gain / initial deposit x 100% x 12

This post has been edited by Supreme1394: Jan 9 2015, 10:43 PM
Supreme1394
post Jan 9 2015, 11:52 PM

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QUOTE(csong60 @ Jan 9 2015, 11:17 PM)
So is this "% Gain" = ROI ?
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Yeap, same kind of ROI that banks use e.g.. ASB, FD etc. I dunno la, up to different ppl different interpretation, but I just prefer to follow mainstream one icon_rolleyes.gif
Supreme1394
post Jan 10 2015, 01:48 AM

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QUOTE(demolationz @ Jan 10 2015, 12:33 AM)
user posted image
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Ah, sifu has given a good definition of ROI there notworthy.gif

If any of you guys are still confused, easiest would be to go to myfxbook and link your mt4 account there. They will automatically track your gain so at the end of the month / year you'll know your ROI for that duration.

Eg.

Attached Image

Edit : trade explorer looks yummy too laugh.gif

This post has been edited by Supreme1394: Jan 10 2015, 02:11 AM
Supreme1394
post Jan 12 2015, 08:10 PM

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QUOTE(CallOfLegend @ Jan 12 2015, 07:37 PM)
currently Open BUY EURUSD at 1.1808. SL 25 pips TP=1.1886  sweat.gif Anybody with me?

-My trade is my own risk-
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I didn't take it as I don't like to take trades on a heavily trending pair. IMHO, your trade could work out but there is a heavy downtrend againts it. Just my 2 cents but if I were to take a trade on this pair, it would only be a short at this moment icon_rolleyes.gif
Supreme1394
post Jan 13 2015, 02:13 AM

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QUOTE(hiyyl @ Jan 12 2015, 09:50 PM)
anyone on AUD/NZD?
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Not taking a trade but I see some compression going on now in the 1 hour chart, which means price is uncertain where to go next. So i think it's best not to trade at this moment yet and see where it goes next. I'm a newbie so just sharing my thoughts.

EDIT: The compression is highlighted in the blue triangle in sifu's post above.

This post has been edited by Supreme1394: Jan 13 2015, 02:20 AM
Supreme1394
post Jan 13 2015, 04:09 AM

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QUOTE(nicnyx @ Jan 13 2015, 03:45 AM)
I'm going long on GBP/USD. Any thoughts on it guys ?  (Market is not that volatile though)
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Hard to say, cause as you've said, market is not volatile enough. By the looks of it, it could go up to 1.55100 area if you go long or there could be a trap at the 1.52000 area, where the market might reverse and head downtrend further. If I were you I'd stay clear from it for the time being, though it's entirely my opinion tongue.gif

This post has been edited by Supreme1394: Jan 13 2015, 04:10 AM
Supreme1394
post Jan 13 2015, 01:40 PM

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QUOTE(nicnyx @ Jan 13 2015, 07:09 AM)
I'll just try to trade the NFP. Anyone here trading on FxPrimus using ECN Spread ? What do you think anout the commission ?

ECN Premuier spreads are also great for clients that need to get in and out of trades quickly and don't mind sacrificing a small fraction of a pip to do so in a fast moving market. To enjoy the benefit of such tight spreads, we charge a commission of only USD10 per standard lot round trip (USD1 for mini lots and USD0.10 for micro lots).

Which means if i trade a currency at 0.50. They charge me 5USD for it.
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NFP dangerous yo, but if you can handle it then by all means nod.gif

QUOTE(csong60 @ Jan 13 2015, 07:17 AM)
214.6 pips profit from GBP/JPY!
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rclxms.gif

QUOTE(csong60 @ Jan 13 2015, 07:20 AM)
In my opinion, for intermediate to long-term -->> SELL!
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Indeed

QUOTE(demolationz @ Jan 13 2015, 10:26 AM)
LOL. easy question I might say. Why you uncertain where it go next. Ofcourse to the right. and right.  rclxm9.gif
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doh.gif laugh.gif laugh.gif

QUOTE(demolationz @ Jan 13 2015, 10:41 AM)
Maybe this will give you some hints?

user posted image

user posted image
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Lol, those are not hints, sifu already put there "best to sell" and sifu is right, going down now notworthy.gif

This post has been edited by Supreme1394: Jan 13 2015, 01:41 PM
Supreme1394
post Jan 13 2015, 03:05 PM

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QUOTE(nicnyx @ Jan 13 2015, 02:03 PM)
I try to trade buy stop / sell stop, either one. Btw, which broker you trading with ?
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ICMarkets but just demo only

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