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 Forex Trading Corner, Let's discuss forex strategy

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apengfx-
post Nov 23 2006, 11:34 PM

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QUOTE(~~5ive~~ @ Nov 23 2006, 11:26 PM)
confuse again....i thought that marketiva is a virtual software so mean i like playing a game, right?
*
marketiva is one of the forex broker..

broker offer demo account/ practice account for beginner..they give u 10k -50k virtual money and u can use that virtual money to trade in real market/ current market situation..with virtual money...if u loss..it will not effect u.
~~5ive~~
post Nov 23 2006, 11:37 PM

Im n0one
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QUOTE(hafifee @ Nov 23 2006, 11:34 PM)
marketiva is one of the forex broker..

broker offer demo account/ practice account for beginner..they give u 10k -50k virtual money and u can use that virtual money to trade in real market/ current market situation..with virtual money...if u loss..it will not effect u.
*
Ok....using virtual money to invest in REAL MARKET?
so juz to train up, is it?

So if using real money to invest, 4k usd minimun needed?
apengfx-
post Nov 23 2006, 11:49 PM

I'm a Master Trader.
******
Senior Member
1,553 posts

Joined: Jan 2003
From: Sniper Island is in your heart :)



QUOTE(~~5ive~~ @ Nov 23 2006, 11:37 PM)
Ok....using virtual money to invest in REAL MARKET?
so juz to train up, is it?

So if using real money to invest, 4k usd minimun needed?
*
yup..thats the idea..to give u the feel of real market b4 u start to use real money..

4k is only my suggestion ..time by time, u will know the right amount u need to start trading smile.gif

invest in knowledge first..take the first step..

see my siggy for forex class..easy to understand n malaysian teacher thumbup.gif thumbup.gif
~~5ive~~
post Nov 23 2006, 11:52 PM

Im n0one
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Joined: Dec 2004
From: Malaysia


QUOTE(hafifee @ Nov 23 2006, 11:49 PM)
yup..thats the idea..to give u the feel of real market b4 u start to use real money..

4k is only my suggestion ..time by time, u will know the right amount u need to start trading  smile.gif

invest in knowledge first..take the first step..

see my siggy for forex class..easy to understand n malaysian teacher  thumbup.gif  thumbup.gif
*
haha.....nice advertising there....
but i think i had read up somewhere that can online self learning....
Or i can direct ask u guys here... tongue.gif
whtrader
post Nov 23 2006, 11:54 PM

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QUOTE(hafifee @ Nov 23 2006, 10:35 PM)
trade wit marketiva..but do analysis with meta 4 platform..marketiva is too simple platform...

i tell u one secret..sometime marketiva platform is slow than meta trader..so u have chance to enter the market at metatrader price  thumbup.gif  thumbup.gif  icon_idea.gif
*
Meta 4 platform is it good?, will give it a try later. I am trading futures using Thinkorswim. laugh.gif Its thanksgiving so I am kinda free to post here icon_rolleyes.gif .
It a good idea but IMO difficult to implement if you are almost half way around the world. You know what I mean. laugh.gif Just curious , what time frame do you trade? My initial feel is that forex is best swing traded.
apengfx-
post Nov 24 2006, 12:08 AM

I'm a Master Trader.
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Joined: Jan 2003
From: Sniper Island is in your heart :)



QUOTE(whtrader @ Nov 23 2006, 11:54 PM)
Meta 4 platform is it good?, will give it a try later. I am trading futures using Thinkorswim. laugh.gif Its thanksgiving so I am kinda free to post here icon_rolleyes.gif .
It a good idea but IMO difficult to implement if you are almost half way around the world. You know what I mean. laugh.gif Just curious , what time frame do you trade? My initial feel is that forex is best swing traded.
*
for swing trade..i use h4 TF..
but now holiday..so i become scalper at the 5m n 15m tf..
u trade futures..so forex is the same..same method to to TA on the futures graf
~~5ive~~
post Nov 24 2006, 12:11 AM

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I think i read up somewhere that 5k usd can earn 800usd profit in 1 month....so this consider a common 1 or high profit?
apengfx-
post Nov 24 2006, 12:12 AM

I'm a Master Trader.
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From: Sniper Island is in your heart :)



QUOTE(~~5ive~~ @ Nov 23 2006, 11:52 PM)
haha.....nice advertising there....
but i think i had read up somewhere that can online self learning....
Or i can direct ask u guys here... tongue.gif
*
hehe..no prob bor...u can learn by ur self..it all depend on our level to adapt knowledge.
i also start by self learning..n at one time..i really need a teacher because i cant see the light.. cry.gif ...now i got teacher to guide me. thumbup.gif
apengfx-
post Nov 24 2006, 12:14 AM

I'm a Master Trader.
******
Senior Member
1,553 posts

Joined: Jan 2003
From: Sniper Island is in your heart :)



QUOTE(~~5ive~~ @ Nov 24 2006, 12:11 AM)
I think i read up somewhere that 5k usd can earn 800usd profit in 1 month....so this consider a common 1 or high profit?
*
everything can be possible if u have the skill to do the analysis..

see first page...i make 122usd in 5days..only using 360usd as my initial margin...
whtrader
post Nov 24 2006, 12:16 AM

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QUOTE(~~5ive~~ @ Nov 23 2006, 11:37 PM)
Ok....using virtual money to invest in REAL MARKET?
so juz to train up, is it?

So if using real money to invest, 4k usd minimun needed?
*
Ok if you are really serious in diving into the world of trading. Prepare for the hardwork and pain you are gonna endure. Am I scaring you sweat.gif doh.gif . I scare myself sometimes laugh.gif But seriously, I would not be asking how much do I need for my seed capital, what I will be asking myself is , Will my capital gain value?How can I achieve this or will I just burn and blame everything else except myself unsure.gif .
Training is part of your development as a trader. I strongly believe paper trading is the best way to get started. You get to place trade with out losing molah thumbup.gif of course you don't make real money too shocking.gif . I remember using OptionXPress and blowing my acc couple of times. rclxub.gif Once you are profitable for a period of time trading paper then move to live.By the way retail trader are called paper by floor people. There you will find more thing you need tackle and tune. And by the way trading is not like getting a degree IMO. Just my thoughts.
~~5ive~~
post Nov 24 2006, 12:20 AM

Im n0one
*******
Senior Member
2,750 posts

Joined: Dec 2004
From: Malaysia


QUOTE(hafifee @ Nov 24 2006, 12:14 AM)
everything can be possible if u have the skill to do the analysis..

see first page...i make 122usd in 5days..only using 360usd as my initial margin...
*
real or virtue? rclxms.gif

QUOTE(whtrader @ Nov 24 2006, 12:16 AM)
Ok if you are really serious in diving into the world of trading. Prepare for the hardwork and pain you are gonna endure. Am I scaring you  sweat.gif  doh.gif . I scare myself sometimes  laugh.gif But seriously, I would not be asking how much do I need for my seed capital, what I will be asking myself is , Will my capital gain value?How can I achieve this or will I just burn and blame everything else except myself unsure.gif .
Training is part of your development as a trader. I strongly believe paper trading is the best way to get started. You get to place trade with out losing molah thumbup.gif of course you don't make real money too shocking.gif . I remember using OptionXPress and blowing my acc couple of times. rclxub.gif  Once you are profitable for a period of time trading paper then move to live.By the way retail trader are called paper by floor people. There you will find more thing you need tackle and tune. And by the way trading is not like getting a degree IMO. Just my thoughts.
*
not scaring me though. Of coz something need to be sascrifice at 1st b4 i can earn back another thing. I will be quite excited if i master it also. Juz quite blur as i juz start my study a couple hours ago....i was like....WTH is the web saying?

then all question mark...????? rclxub.gif rclxub.gif stars too....
apengfx-
post Nov 24 2006, 12:22 AM

I'm a Master Trader.
******
Senior Member
1,553 posts

Joined: Jan 2003
From: Sniper Island is in your heart :)



QUOTE(whtrader @ Nov 24 2006, 12:16 AM)
Ok if you are really serious in diving into the world of trading. Prepare for the hardwork and pain you are gonna endure. Am I scaring you  sweat.gif  doh.gif . I scare myself sometimes  laugh.gif But seriously, I would not be asking how much do I need for my seed capital, what I will be asking myself is , Will my capital gain value?How can I achieve this or will I just burn and blame everything else except myself unsure.gif .
Training is part of your development as a trader. I strongly believe paper trading is the best way to get started. You get to place trade with out losing molah thumbup.gif of course you don't make real money too shocking.gif . I remember using OptionXPress and blowing my acc couple of times. rclxub.gif  Once you are profitable for a period of time trading paper then move to live.By the way retail trader are called paper by floor people. There you will find more thing you need tackle and tune. And by the way trading is not like getting a degree IMO. Just my thoughts.
*
agree with u rclxm9.gif rclxm9.gif rclxm9.gif
for me..to learn trading skill need sacrifice in lots of aspect, espacially money sweat.gif n time..take ur time to learn about the market, trend, how it move. no body in this world can give u the right answer what will happend next..it all depend on ur analysis skill n ur believe on the result that u produce by your own analysis.
whtrader
post Nov 24 2006, 12:23 AM

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QUOTE(hafifee @ Nov 24 2006, 12:08 AM)
for swing trade..i use h4 TF..
but now holiday..so i become scalper at the 5m n 15m tf..
u trade futures..so forex is the same..same method to to TA on the futures graf
*
Ya well almost, gotta tweak some of the indicator. Still just doing for fun to join the band wagon. I will stick to futures thank you blush.gif .

QUOTE(~~5ive~~ @ Nov 24 2006, 12:11 AM)
I think i read up somewhere that 5k usd can earn 800usd profit in 1 month....so this consider a common 1 or high profit?
*
Did they include this laugh.gif blink.gif shocking.gif shakehead.gif
QUOTE
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

~~5ive~~
post Nov 24 2006, 12:30 AM

Im n0one
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Joined: Dec 2004
From: Malaysia


My bad english, i not really understand the quote....
still too young + bad english i assume
apengfx-
post Nov 24 2006, 12:30 AM

I'm a Master Trader.
******
Senior Member
1,553 posts

Joined: Jan 2003
From: Sniper Island is in your heart :)



QUOTE(~~5ive~~ @ Nov 24 2006, 12:20 AM)
real or virtue?  rclxms.gif



if virtual...how come only 477usd..hehe
this is my virtual account....

user posted image

see the balance whistling.gif

user posted image


QUOTE(~~5ive~~ @ Nov 24 2006, 12:20 AM)
not scaring me though. Of coz something need to be sascrifice at 1st b4 i can earn back another thing. I will be quite excited if i master it also. Juz quite blur as i juz start my study a couple hours ago....i was like....WTH is the web saying?

then all question mark...????? rclxub.gif  rclxub.gif stars too....
*
hehe..u see what i mean if u try to learn with out having teacher to guide.. very hard my friend...sweat.gif
~~5ive~~
post Nov 24 2006, 12:33 AM

Im n0one
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Senior Member
2,750 posts

Joined: Dec 2004
From: Malaysia


QUOTE(hafifee @ Nov 24 2006, 12:30 AM)
if virtual...how come only 477usd..hehe
this is my virtual account....

user posted image

see the balance  whistling.gif

user posted image
hehe..u see what i mean if u try to learn with out having teacher to guide..  very hard my friend...sweat.gif
*
Haha....wat u trying to say if only i had more money, i could earn more too....right?

the balance is 5 figure? Haha...hope it was my money ( real not virtue tongue.gif )

Haiz c 1st, i juz suddenly interested in Ferox, mayb i will change my mind in second...
whtrader
post Nov 24 2006, 12:37 AM

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Joined: May 2005
From: Mainland, Penang


QUOTE(~~5ive~~ @ Nov 24 2006, 12:20 AM)
real or virtue?  rclxms.gif
not scaring me though. Of coz something need to be sascrifice at 1st b4 i can earn back another thing. I will be quite excited if i master it also. Juz quite blur as i juz start my study a couple hours ago....i was like....WTH is the web saying?

then all question mark...????? rclxub.gif  rclxub.gif stars too....
*
Saying is the easy part I can assure you. You're malaysian right not working I hope, Imagine sitting in front of the computer at 8.30pm to 4am, well depends if you wanna just trade the morning or afternoon sessions. Waiting sitting waiting, staring at the computer, tired then suddenly you see an entry, a chance ,you go for it, few minutes later the market move your way, you rejoiced, in the back of your head you imagine, you are walking to the bank tomorrow, then in one tick/minute, it reverses, you wanna bail out, hastily you send the close order, you are not getting filled wtf you get whipsawed and cursing wtf happened. You said thats it for today, sleep. Tomorrow is a new day.Haha now that literature for ya. Yes it did happen.

This post has been edited by whtrader: Nov 24 2006, 12:40 AM
apengfx-
post Nov 24 2006, 12:39 AM

I'm a Master Trader.
******
Senior Member
1,553 posts

Joined: Jan 2003
From: Sniper Island is in your heart :)



QUOTE(~~5ive~~ @ Nov 24 2006, 12:33 AM)
Haha....wat u trying to say if only i had more money, i could earn more too....right?

the balance is 5 figure? Haha...hope it was my money ( real not virtue  tongue.gif )

Haiz c 1st, i juz suddenly interested in Ferox, mayb i will change my mind in second...
*
not only lot of money...also lot of knowledge + experience...

i also wish that virtual money is real money..then i dont have to go to university any more tongue.gif
whtrader
post Nov 24 2006, 12:39 AM

Getting Started
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Junior Member
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Joined: May 2005
From: Mainland, Penang


QUOTE(~~5ive~~ @ Nov 24 2006, 12:30 AM)
My bad english, i not really understand the quote....
still too young + bad english i assume
*
Some clause to protect themself from getting sued.
apengfx-
post Nov 24 2006, 12:42 AM

I'm a Master Trader.
******
Senior Member
1,553 posts

Joined: Jan 2003
From: Sniper Island is in your heart :)



QUOTE(whtrader @ Nov 24 2006, 12:37 AM)
Saying is the easy part I can assure you. You're malaysian right not working I hope, Imagine sitting in front of the computer at 8.30pm to 4am, well depends if you wanna just trade the morning or afternoon sessions. Waiting sitting waiting, staring at the computer, tired then suddenly you see an entry, a chance ,you go for it, few minutes later the market move your way, you rejoiced, in the back of your head you imagine, you are walking to the bank tomorrow, then in one tick/minute, it reverses, you wanna bail out, hastily you send the close order,  you are not getting filled wtf you get whipsawed and cursing wtf happened. You said that it for today, sleep. Tomorrow is a new day.Haha now that literature for ya. Yes it did happen.
*
yea...mental war...thay y do analysis first..i u believe it will go ur way..than stick..
one of trader personality is "patient"..very important

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