hello to all traders...

i want to ask what indicator u use to signal entry buy or sell? below is the indicator i use for now...

- zig zag
- stochastic (setting are wary if the pair have asia currency than i will set it 14,5,6 and for the rest 18,5,6)
- Currency strength meter
- Candle stick pattern (doji, engulfing and etc)
- resistance and support line indicator

so what other indicator that are popular use among lowyat traders?

This post has been edited by haziqnet: Aug 7 2014, 06:06 PM

who said cant trading if only have 100usd depo? even as low as 10usd also can trade...if u know how to maintain ur Margin and what is the max vol. per pip u should enter based on your deposit amount u still get a profit even it is only worth 1 cent usd...the amount of your depo only to show how much vol. per pip u can entry to gain profit...if u only have 100usd and entry vol. at 1usd / pip then sure ur margin management is in risk...

mind to share where can i learn about fibo? any website u use for my reference that's good for beginner learning...i heard if use fibo we can have much better result on the market trend analysis...

This post has been edited by haziqnet: Aug 8 2014, 09:32 AM

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do u mean indicator?

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This post has been edited by haziqnet: Aug 11 2014, 03:54 PM

use indicators, learn how to fundamental by news impact on currency, candle pattern...

For me hedging suitable if u notice that ur trend moving against ur analysis after u entry...so with hedging u can minimal ur loss or gain profit if u put the hedging value per pip more than the 1st one u entry...to do hedging u need to do some calculation how much u must enter to have minimal loss or gain profit...please correct me if my explanation have any hole or not correct...thank you...

possible entry need to use indicator for more accurate result..however market trend can always goes backward or forward...sometimes perfect entry could be our big loss...so better to look at your entry as much as possible...if the trend is not moving to your analysis, either u cut loss or wait it is ur choice...thats why we need to have money management and the min - max loss point to cut loss your entry...

to learn forex u just need to learn the basic and understand the indicator u use...try to learn from different of guru's for better result however the better guru is actually your own self...if u already have the basic u just need to look at the market trend and make your analysis...try to learn and use news fundamental for positive / negative impact on the market trend...
for a beginner to make a lose at first actually is a common thing...after 2, 3 of failure u will get back in track...and some of the experience traders also sometimes they will get a big loss but they usually can covered back their lose in the short time...the strategy in forex is from experience it self... just to share my thought...

This post has been edited by haziqnet: Aug 12 2014, 11:39 AM

yes forex indeed a pressure mind game...not everyone are suitable with forex trading...however if u want to get some challenge and want to get high profit in one day / month yes forex can give u that...but remember the risk always there even for some experience traders...even guru's also sometimes make losses...sometimes it isnt about our bad analysis just a small mistake like doesnt set a buy stop / sell stop / TP if u have bad internet connection, u also could lose...best result if u have good discipline and knowledgeable in forex trading...

This post has been edited by haziqnet: Aug 12 2014, 01:41 PM

usually market open from 8am - 1pm, then reopen from 2pm till 4pm...7pm -12pm they will be active again...other traders how it is my time frame is correct or not?

yes that's rite...but sometimes if there are news within the time frame it is advisable not to entry 1 hour before and after the news....u can refer to the news time at this website www.forexfactory.com...make sure u change the regional setting to singapore...the red icon news means the impact is high for the currency, orange means medium impact and yellow means low impact...to entry during news are needed experience and knowledge to get accurate result either buy or sell...if have little knowledge dun entry during news...

This post has been edited by haziqnet: Aug 12 2014, 03:02 PM

that's why i said the best guru actually is your self...learning from guru just to understand the basic of forex...then u need to understand all the knowledge u get and try it on the real trade...i also make a 200usd lose when im 1st in forex...use all the indicators given by gurus and he claim it is a perfect entry...actually perfect entry only happen if the trend market is stable...if not the perfect entry will not be valid...sometimes issues like geopolitical can give sudden effect to a nation currency...so there are no perfect sytem but to use it only to gather data and analysis them for the right entry...however the risk are always there...but if u are good enough to gather data from 5 or 10 years in the past u can get more clear view on the trend move...actually the trend in forex are usually to move in the same pattern from the past...try to get the data and study them...im also still learning how to read the pattern in the forex...learn and remember all the pattern on the candle can give an extra view how the trend will be moving like doji, hammer, engulfing and etc...

This post has been edited by haziqnet: Aug 12 2014, 07:57 PM

great

to read market sentiment actually are quite hard...many factors need to be consider...person like yellen could give positive impact to USD when she make her speech on economy view...

usually EURUSD, GBSUSD, USDCAD and most of currency with USD could give positive impact in its pair...however look at the pair using Currency Strength Meter either it is strong equally or not...if not then it is possible the USD currency will goes high maybe around 20-60pip during the news time...during feast month, who put Sell on GBPUSD they could earn profit almost or maybe more than 300pips...during that time i was MC because i put entry on BUY...the news on GBP are many but all of them give negative impact to market trend...maybe because of geopolitical issue...the USD however remains strong and push GBP in a downtrend...

This post has been edited by haziqnet: Aug 13 2014, 11:42 AM

Actual: Displays the figure of the report/indicator when it is released at the stipulated time. But the
Actual will not display any figure before the release time.

Forecast: This displays the expected figure of the report as researched by financial market
experts/analysts.

Previous: Displays the previous/last Actual figure that was released.

u can read here how to make fundamental on news impact...here is the link http://hotforextutor.blogspot.com/2011/10/...rket-using.html (all credit goes to this blog admin)

This post has been edited by haziqnet: Aug 13 2014, 11:48 AM

congrates bro ...

yes yesterday GBP news give negative impact...i heard more than 100 pips right? i think GBP is searching for floor price 1600 maybe...