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 FCPO - V 1, palm oil futures

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Oracles99
post Mar 6 2015, 10:00 PM

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QUOTE(chelwee @ Mar 5 2015, 05:57 PM)
For beginner, paper trade is a must. Unless you got extra money pay to market for tuition fees.
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Yes, I totally agree with you. It looks simple but it is not. Those investment banks which provided classes will show you a chart and mark all the entry points. In reality, you can only see the left hand side of a realtime chart and you have to guess what is going to happen on the right handside.
I am getting ready to dive into futures and I spend time to simulate entry points on realtime charts weeks ago. On the first simulation, I have 2 failures but succeeded in the third one with 17 ticks. The next day, a simulated entry gains 7 ticks. Today, I waited to dive in but sensed that no good entry point in available in the morning. I was right.

I think I will do that every day till I have confidence.
Oracles99
post Jun 10 2015, 03:32 PM

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I have an account with OSK for futures. When I request for direct access, they request for RM10,000 to be banked in. Then 3 months later, they said I have less than 40 transaction per month n they have terminated it. They say I still buy n sell via their direct broker. The problem is whether direct access, it is risky. And the person who has this number of trans is a big timer n not a beginner like me
Oracles99
post Jun 10 2015, 04:22 PM

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It is odd that OSK give free workshop to teach high probably setups n the speaker advise that without this type of setups, it is likely u will fail. And not everyday u you can get such setups. Sometimes, u get a textbook type if set up n true enough, u win. By the way, how many transactions per month will qualify for direct access?
Oracles99
post Jun 25 2015, 03:57 PM

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It stay at 23% Fibonacci n started to rebound.

 

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