Forex Version 16 starts here

First !

Second xD

This post has been edited by gxthelord: Jun 30 2015, 12:06 AM

Seems euro still goes strong

Yeap, which so many retail traders going short,
I just went in and took the loot counter trending

This is the t1fx investor log in. Dare to come and offer me this kind of rubbish robot. Earn few hundred daily. Lose few thousand a day. Totally rubbish. Pity those investor who had already putting so much of money inside. They ain't investing, lose 1 lot double up 2, lose 2 double up 4..

Traders pls becareful. #t1fx

i declare to BNM after RM 200k...

Yesterday was a good day. Had a bunch of good trades. Anyhow with greece development, late yesterday movement was not expected

If their robot is doing so well. They wouldnt ask for other people money. As simple as that. The way i see it. Those so called investment group is turning currency trading to MLM type of approach.

Pyramid kind of thing. But t1fx with about 5k left on equity. Wow. pretty small for such group fund.

I had mention about it too. But main point is don't use robot. Manual trading FTW.

Im using robot and its doing fine. Just that one need to understand the characteristic and how the said ea works.

These ppl i assume they found some robot that is under testing in forextsd or something. Change some settings and claim it theirs. While they themselves never run a forward test on it while relying solely on backtest.

Oh really? I don't use robot for now. Last time my programmer help to code. But now fully manual trading.

There are times that one need to switch off auto trading. Example on expected high volatility during news. Atill need some manual intervention. Cant leave the code to run solo. Hehe

Because I don't have good experience with robot and also I don't recommend my student use robot as well. Trading need manually only can experience and catch up faster.

Is good to see u have a good robot backing u up. Main idea is making good money.

if u using robot that means u're not a pro trader

Personal preference, we can't stop how ppl think. Define pro trader?

You are joking right?

isn't this the one recently in lyn kopitiam too???these type of people really ruining reputation of good forex traders.

Yes, out of my curiosity I go add them and request investor password. Funny things is when I said investor account, they don't even know what's that.

Those small kids only using their boobs and ass to attract customers. Who don't know about forex will blindly go invest.

funny thing is the other day I saw some people showing how much they made and their tp/sl level. Ever seen 100 lot size with SL 90 TP 10? And some of them don't even know how to count the pips.
I remember meeting a proclaimed forex trader that don't even know what regulation is haha. Traps everywhere

Warned my friends, if someone promises "fully auto" "no need use your fkin brain"
"free income generator" "confirm profits" we now how it usually ends up dumb

I met someone from IBS 2.0 or something like that told me how good, professor give tips blah blah,
I just ask them is your broker "regulated", they told me what's that LMFAO~~~

ikr~! its good that we at least know some basic knowledge so won't get scam by these peoples. ^^ we should like add things to watch out for at the first page like u mentioned. ^^

im not a pro trader, i admit it, but as long as it brings good profit, im fine with it.

An EA is a coded representation of manual system based entry/exit. its a personal preference. another example, would you drive a stick shift or and auto shift? or a hybrid of both? personal preference isnt it? are you saying a driver whom drove an auto car is not a pro? i traded my RoboForex ECN account fully automated on calculated risk with occasional manual intervention (on/off the autotrade) at times. i traded my FXpro account for NFP manually (been trading NFP back in 2008 when North Finance is still there)

Thats what most Malaysian kene con, want fast money. If their robot trading is so good can generate millions, why dont they do it themselves instead of asking ppl to join. AND kesian to those whom blibdly percaya these ppl.

Normal lo. All use face as marketing.

Very true. Where got investment no risk? That must be an idiot if he trust or just wan to buy the amoi heart.

Nothing to argue. Nobody can define pro. As long he/she making good money. We all are traders.

Your question is very easy to answer. "Greedy" I was before

haha, just voicing out when typical statement like that came out.

anyhow, had a good scalp early this morning, around 1.30am ish MY time, but honestly i didnt expect such volatility during that hours.

Agreed. In fact, there is no method that can allow for 100% profit without any losses. What we do care is the overall profit margin (talking about a month). If it gives you consistent profit, then you should stick to it.

Also agreed that Robot trading is not being helpful in terms of learning as a trader.

Hi, any traders here using fxprimus? I'm having problem withdrawing my funds from them. It's been more than 5 business days but still haven't receive anything yet. The status in my withdrawal history is shown "withdrawn". Talked to their live support but they ask me to email their withdrawal department. Emailed them twice but no reply

I had enough for the entire week already. Don't expect such figure from ytd gap. Now just fooling with small number of lot size.

Learn from mistake. You never have any mistake. You will never learn.

Withdraw to your cc or?

agree to that~!

Wire transfer to my local cimb acc

Wait for a few days more. Wire transfer normally takes longer time.

SIFUS and Forex Macais,

Infant baby here who just kaotim BabyPips Elementary Lectures. At the end of the lecture, Babypips propose to start playing Demo Acc provided by a broker. Then on after few months of trading under demo account, should I then trade on real money account.

Hopefully, I get to play demo account and then real money account under the sSAME BROKER. What is the latest broker that doesn't have any withdrawal issues and anything that I need to take note of?

Sorry for the inconvenience... hehe

Can try xm.com refer to my signature below

Hey guys,

If i were to change SGD to USD in money changer in Malaysia, will the currency be changed from SGD to MYR first then to USD?

Oanda is good too.

No. You consider use SGD to buy USD.

I will take ur recommendation. Thx!

Will try it!

Btw, looking at previous forex thread version, I notice that there are some broker platform which disallow transfer money to maybank and soon other banks too.

xm.com got such issues?

Any particular issues that I should take note of?

No issue so far. I'm been using it for quite some time.free $30 credit for new registration. U can try grow your account with that small amount.

U got huge question can pm me.

Ahhh yes.... initially couple of weeks ago when reading forex version XV, i was considering starting up in Oanda

Any particular nagging issues or downside to it?

Thx for recommendation

got it! thx!

so if I recommend friends to join this xm.com, do i get any bonus or incentive? hehehe

I am planning to go slow and hopefully be patient b4 starting a real money account.

Wanna learn all in babypips first or until when they think I should step in real money account, then I will go

6mths seem alright as long I finish those lectures

Yes. U can go read thru. Everything is direct. So far so good. For demo pls go ahead and play. For real account. Come and consult me before u proceed.

Will show u how xm.com works.

Any from here would be fine.
http://www.forexfactory.com/brokers.php

Ohh~~ welcome to this side of the world. ^__^

all sifus, do you have a dedicated threads just to talk about ur trading style and strategy? would really like to learn the thought process when u opening trades, holding trades, and closing trades...

For this forum? I doubt so....
I would suggest people to back-test their strategy so that they can learn from it.

Talking about strategy here is like feeding beggars with free lunch.
However in reality, no free lunch in this world.

there are other threads on other website which discuss strategy, technical analysis etc. Such as dailyfx, forums on forexfactory. Here's not so much i guess. All the links are on first page.

Learn yourself. When u get hurts u come to here. We try to heal you

lol. actually dont say as free lunch lah.. because there are so many strategies out there..
it's the student's money that's being risked, not the teacher's money.. so students have to do their own due diligence too...

sharing is caring.. sharing strengthen and solidify your strategy even more.

Ahhh those incentives... nice...


I am surprise that there are broker platforms like Oanda that offers 1unit min trade??? wow! But leverage seem small... 50:1

yea, hope u guys are nice to me infant zai zai here

Zanmai0146 Sifu!!!

Seem like XM.com is from cyprus. Are there any bad financial issues currently in cyprus? any risk of country going down or negative?

The average spreads seem nice in forexfactory...

noted... thanks.. i've read those from ff and other forums.. seriously there are tons of strategies.. but not all are suitable to everyone... i think the newbies really got to know their own characteristics well before they apply the strategy in live trading.


haha thanks.. u're one of the sifus... hopefully can treat u kopi one day... =D

No problem so far. My circle all withdraw everyday. But there's some trick I'll need to tell u. So demo now don't give a damn. When u got into real trading, then only come consult me.

Don't call me Sifu. I don't like that status. I'm just a normal trader like everybody here. Nth special.

Noted with thanks

i usually trade on EJ, GJ, EU, GU pairs. among these pairs, whichever that trend better or have higher volatility, i will trade.
i believe that i need to focus on certain niche in order to be success.

i've used forex tester to accelerate my back testing, so far the strategy seems promising to me. however, when i start trading in live account, it's receiving mixed results. some months i get TP many times. some months i get SL many times.

my question is, how do you overcome the fear/depression/frustration in the month of many SLs and move on to keep trading?

All newbie problem. Wan more exciting game from fx? Go enter XAU. I'll confirm you will ever get a good sleep.

no offence but, that's not a good advice.. lol

thats the reason why I still havent enter XAU.

One thing I can share laa I guess is knowing your risk management well. Risk reward ratio, etc. Its the foundation of everything.
How many trades you are able to lose, how much trade u need to win to cover back those loses, how much risk per trade, etc. ^__^
With that strong foundation, then u no need worry even when Market are moving against you.
just my2cents. ^^

Anyway, I only trade gold FYI. Currency very less unless nfp. I not advise just teasing you. No hard feelings bro.

Why not? Just enter la

Hi, noob here. If wire transfer from malaysia to cyprus usually take how long.. my broker is fxprimus?

thanks!

OANDA and Dukascopy, used them for years with no problem, go google up on them

Just boom your account then you will learn

Thanks for sharing. My risk management is superb. I've been trading in super small lots, well below the "recommended" risk. I do this so that i want to get myself comfortable with my trading method before I'm confident enough to adjust my risk.

However, risk management is one thing, trade management is another thing. No matter how good is ur risk management, if ur trading strategy isn't sound, u still lose money, just that it will take u longer to lose money.

How do u deal with ur losing streaks? Will u inadvertently adjust ur lot size to be smaller or larger after the streaks?

It really depends on the person's trading method and their preference.
For me I won't if it means it will screw up my trading method or risk even more and cz I know where my limits are.

Maybe Zanmai0146 can share his experience with us on dis area? ^^

This post has been edited by gxthelord: Jun 30 2015, 06:53 PM

I am ready to fly ~ haha

What experience? Open close high low? TP/SL?

Hmm ok. But they should at least reply to my emails.

This is based on my journey/experience in forex. Others might differ.

1. I have spent around 5 years trading forex, I have tried everything, coded many robots, etc.
2. I have not been profitable till recently. Forex is not easy, it is difficult. But once you have mastered the art, it's easy. Like when you learn to swim, first it is hard, but once you 'get it', you can swim easily. Same as cycling too.
3. You need an edge. Nobody will reveal their edge easily. Without an edge, whether it is statistical or not, you cannot beat the market, no matter how good your money management is.
4. Once you have found your edge, you can turn it into a robot(if your edge is mechanical), otherwise, you have to trade manually (if your edge is discretionary).
5. I don't trade using indicators. The price is my indicator. Have you heard of "Price is everything"? But I know some people are very successful trading using indicators.

That's all for now. I would like to listen to other traders' too. Would be very interesting if we could share our experiences and journeys.

Price is everything, here's mine:

1) I only trade one strategy, and I follow and perfect it
2) No I don't use indicators, some on occasion to confirm the reaction
3) scalping will burn your eyes and account
4) Right before jumping in to the trade wait for candle to close
5) End of the week, month, quarter should be avoided, hedge funds, smart money close positions these times
6) Always look for clues

Some of my experience, hope to benefit you all
want more awesome stuff? hahaha

Awesome stuff? Sure, more.

Guys, i just need some motivation.

Due to the Eur gap, SL was not honoured and it took away all of this year's profit. I'm a technical guy so I wouldn't pay much attention towards news. Normally, I would have notice the news when such high impact event happen. But recently, I am overwhelmed with work and life and missed out on the Grexit thing.

Thanks for listening to my ranting. I feel better now.

Chill out. Been thru that stage understand your frustration.

Are you holding many positions on EUR?
Or were you scalping or something?

Bro, when you do fully technical, you are dealing with total randomness. Hence, you will experience this from time to time. Following the fundamentals also will not guarantee that you will not experience these. For example, the SNB crises recently, even hedge funds have to close down.

Don't give up. Cheers.

1. I started trade bursa since I'm 16yo then slowly divert to forex
2. Been trying forex for demo OFF & ON and burst demo plenty of times but still never give up
3. Until enter real trading, first month burst total of RM24000. From here I start learn how to trade. Is RM24k not 2.4k(Money from savings. I'm not rich family boy)
4. Frust and stress all the time during trading. Slowly learn, watch YouTube and discuss with trade buddy every time possible
5. Found out my own trading method and techniques and start making back everything I had lost
6. Giving guide to all and most of them are very successful now
7. What skill I'm using? Plainly from my bursting experience and some add-on from the field.
8. Now trading for luxury(Eg, better quality rice, better food and drinks, more holidays) not aiming anything as money already divert to many places and return is good to cover everything
9. I don't fancy supercars only drive a small car since now. No much commitment as all focus on family.
10. Discipline and not being greedy is my key point of successful trading

GU and EU ranging with tight range today. Not making any good trades. lets see tomorrow. Anybody got good closed post today>?

Got some profits on my stop loss. But nothing much. Was expecting gu to continue its bullish trend.

Not much.. Short bout 20pips for GU but my gold making awesome profit

i have no issue at all

using cc/debit card is 30min

if not within 3-5 working days depend on your local gateway payment

hi, justto inform. i already funded by account via telegraphic transfer cimbclicks. took only 24 H

Hello guys, mind sharing what's your trading plan?

To me: pinbar, H4 @ D1 only, SL 50-70pips, discipline & patience

Happy trading

Thanks for sharing. You got some interesting facts.
What do u consider as an "edge"? How do u determine one? Do you stick to one strategy whether winning or losing for a certain period of time, forward testing in order to deem it's worth to continue or give up and try something else?

When it comes to finding the right strategy for ourselves, I think it's important to "fail fast". Motivation and energy will drain. I always wonder how the traders keep the motivation high up to keep moving on. This is something that I wanna learn from fellow traders here.

some newbie gonna die ..... lol

gold support pretty good...

Hi Zanmai,

I went through exact the same scenario from Point 2 to Point 8 as you (which i believe, all traders should face). I burst multiple accounts about 3 to 4 times in the total amount of approximate RM 8000. Since then, losing trades make me a better trader.

For now, consistent profits also allow me to strategize my profit earnings. I have started some fund management (by giving customer fixed 5% profit of their initial investment every month).

So far, the profits gave me to your scenario (Point 7). Trading is actually part of my passive income along with properties. I have been able to keep my salary (active income: Da Gong Zai's pay) untouched and park at Singapore bank,Maybank.

For Point 10, AGREED. DISCLIPINE !