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Forex Version XIV, Foreign Exchange Market Discussion
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csong60
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Dec 8 2014, 01:55 AM
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QUOTE(Emilyooi95 @ Dec 8 2014, 01:52 AM) Check this out!! Found something interesting! Anyone aware of the existence of Dealcoin?? One of my friend invested. [attachmentid=4249721] [attachmentid=4249720] I thought earlier you mentioned you invested ...... "i was skeptical at first, but after buying these coins when they were just RM1.50.. I got triple the amount!!"
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csong60
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Dec 8 2014, 12:05 PM
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QUOTE(oreomambo @ Dec 8 2014, 09:31 AM) Nice profit. This number of pips eg 200+ aren't really daily right? when did you open the position? I guess you r on 1:100 ? All trades opened positions on 1-Dec except AUD/JPY on 2-Dec. Leverage 1:200.
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csong60
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Dec 9 2014, 09:11 PM
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QUOTE(highlowyat @ Dec 9 2014, 08:31 PM) been on rollercoaster ride +200 and -200 long term trend still bullish USDJPY I think this rollercoaster ride on intra-day is quite normal as long as the higher timeframe trend is still intact. BTW, I am also bullish on USD/JPY for long-term trend.
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csong60
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Dec 11 2014, 12:02 AM
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QUOTE(icyd @ Dec 10 2014, 11:57 PM) Hi,infant trader here.just opened real account last 2 weeks.so far no luck on eurusd.think im a little late catching the bearish train and like hiyyl said,its going sideways.yet i still have 3 shorts open.u ppl think eur reversal is imminent? Intermediate to long-term for EUR/USD is still downtrend. I would suggest to hold your SELL positions if you have the holding power, otherwise cut-loss.
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csong60
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Dec 11 2014, 05:23 PM
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QUOTE(icyd @ Dec 11 2014, 04:50 PM) Im holding in -ve.scared it'll wipe out all my investment if it shoots even further up north from current That's where money management comes into play. What's your current "Margin Level %" ?
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csong60
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Jan 8 2015, 08:45 PM
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QUOTE(oreomambo @ Jan 8 2015, 02:39 PM) No, the amount of profit gain in $ is going to be the same in both account if they win the same amount of pips with the same amount of lot size bought. The only difference is, account with higher leverage is given more runway to buy/open more orders or with bigger lot size with eg 1k USD in fund, compare to the another USD 1k account with smaller leverage. I always tell my friends on how to portray leverage like this: Account A with leverage of 1:500 is comparable to a huge cargo truck Account B with levelrage of 1:50 is comparable to a mini van. If you own a transportation business and ferry the same amount of goods for your customer, both of them will give you the same profit (ignore fuel cost). However, Huge cargo truck allows you to stick more goods and therefore earn more revenue. Hope my analogy helps Great analogy, oreomambo. Thanks.
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csong60
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Jan 9 2015, 09:48 PM
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QUOTE(Pinnacle1295 @ Jan 8 2015, 06:49 PM) Need clarification on method of computation of ROI (Return-on-Investment). Eg. If my deposit/capital is $10,000 and I SELL EUR/USD 1-minilot, thus the required margin is $100. So if upon closing that trade with profit $20 (i.e. 20-pips), what would be my ROI? Is it based on deposit/capital ($20 divide $10,000 = 0.2% ROI) or based on "Required Margin" ($20 divide $100 = 20% ROI) for calculation? Many times I have been asked what's my ROI & I really do not know which figure to quote. Interesting question. I hope someone can enlighten us with some comments.
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csong60
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Jan 9 2015, 10:10 PM
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QUOTE(Supreme1394 @ Jan 9 2015, 09:58 PM) I don't know too, but logically speaking my ROI would be my % gain after a year of trading, lol  And how would you compute the % gain? 1 year total profit divide by ??? to give the percentage figure.
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csong60
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Jan 9 2015, 11:17 PM
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QUOTE(Supreme1394 @ Jan 9 2015, 10:19 PM) 1 year profit / sum at the beginning x 100%  Or if can't wait for a year, can take a month's gain / initial deposit x 100% x 12 So is this "% Gain" = ROI ?
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csong60
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Jan 13 2015, 07:17 AM
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214.6 pips profit from GBP/JPY!
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csong60
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Jan 13 2015, 07:20 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) In my opinion, for intermediate to long-term -->> SELL! This post has been edited by csong60: Jan 13 2015, 07:20 AM
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csong60
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Jan 13 2015, 07:28 AM
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QUOTE(demolationz @ Jan 10 2015, 12:33 AM) Thanks for posting the definition of ROI. Much appreciated!
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csong60
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Jan 13 2015, 08:29 PM
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QUOTE(csong60 @ Jan 13 2015, 07:17 AM) 214.6 pips profit from GBP/JPY! Managed to scalped another 173.9 pips from GBP/JPY downtrend!
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csong60
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Jan 13 2015, 08:39 PM
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QUOTE(krofal @ Jan 13 2015, 07:21 PM) News took out my long G/U  OMG! You LONG G/U? What timeframe was your analysis based on?
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csong60
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Jan 13 2015, 09:09 PM
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QUOTE(Supreme1394 @ Jan 13 2015, 09:02 PM) AUDNZD going up, hmm how strange  I think it is just a temporary rally only. My outlook for intermediate to long-term is downtrend.
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csong60
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Jan 13 2015, 09:37 PM
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QUOTE(krofal @ Jan 13 2015, 09:35 PM) Hahaha I dare not touch this beast. I have been burned a few times by this pair already >.<" Ha!2 I am in positions again 30 minutes ago. Still holding my SELL positions.
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csong60
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Jan 14 2015, 01:42 PM
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QUOTE(krofal @ Jan 14 2015, 10:40 AM) Good call, woke up and saw that it went south haha  PT level hit early this morning Now SHORT on CHF/JPY
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csong60
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Jan 14 2015, 02:42 PM
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QUOTE(liamx @ Jan 14 2015, 02:38 PM) I think It should be okay.. I am play ok in demo only 0.1~0.2 lots But is it necessary to submit all those documents? Idk why I dont really feel safe to submit my IC and Debit card num. please advise. There is no reason to submit those documents if opening DEMO account only? If that is the case, I strongly suggest that you open DEMO account from any other brokers out there, eg. FXCM, IBFX, SwissQuote, etc.
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csong60
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Jan 14 2015, 07:39 PM
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QUOTE(krofal @ Jan 14 2015, 07:37 PM) Btw, I'm bearsih EU now. Just broke the weekly resistance in my chart  I have been bearish of EUR/USD since August 2014
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csong60
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Jan 15 2015, 08:42 AM
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QUOTE(Supreme1394 @ Jan 14 2015, 08:56 PM) Woah, you must have multiplied your account by now  Started with 3K, now already 7-digits !!
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