Yes ... make sure you are using closing price and you are looking at daily/weekly charts.

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Added on March 24, 2007, 2:32 pmYou are required to pay cash on the spot.

How long to hold a currency depends on your analysis. Currency moves fast.
Not many broker offer currency option.
We are actually trading currency futures that is managed to work like spot market (spot market is like when you go to Pengurup Wang and change your money). When the contract expire, our position will automatically rolled-over to the next unexpired contract.
Currency contract specifies the exchange rate for an amount of currency at a later date. E.g.

You enter a contract to buy 100 USD with Ringgit at USD 1 = USD 3.5 in 3 days. After 3 days the rate becomes USD 1 = RM 3.8. That means you profitted RM0.30 x 100 = RM 30 after 3 days.

You dont have to worry about these mechanics. Just learn how to time your buy and sell to make profit.

This post has been edited by luqmanz: Mar 24 2007, 02:38 PM

What do you mean by full-time ? Those who trade for a living or those who are spending hours in front of the pc everyday ?

I'm at learning stage still.

If you use it on daily chart, yes you will get like 1-2 signal every 2 week. As you go lower timeframe you will get more signals. Depends on you how you like to trade. But higher timeframe signals are more reliable. We are not sure how well it works in timeframe lower than 1 day.

I think I'm starting to like this pair. Super volatile.

Perhaps you mean 25 million ? 25 billion is enough to be world's 3rd or 4th richest man.

I know an individual forex trader who trade 50-150 lots per trade. That's equal to USD 5 to 15 million per trade.

This post has been edited by luqmanz: Mar 30 2007, 11:54 PM

Oo.. fund manager, I thought that 25 billion is his own money.

You can start trading as low as USD 100. Don't bet all your money in one trade though.

This post has been edited by luqmanz: Apr 2 2007, 11:17 PM

Me ? It's around 15% per position. But stop loss is 4%.

This post has been edited by luqmanz: Apr 3 2007, 09:21 AM

I entered long EUR/USD at 1.3330 on Wednesday. The NFP hit my trailing stop LOL. I got out with 60 pips.

Leverage is like nunchaku. If you dont learn to use it well, you will end-up hitting your own forehead.

Lol .. nowadays we dont pay commision for any transaction. Just pay the spread.
Oanda.com has 1.5 pips spread for EUR pairs. 3-4 pips for Cable etc.
Interbank FX is a better platform for those with $$$. Minimum lot size is 10000 units. 2 pips spread for major pairs I think.

How long have you been trading ?

This post has been edited by luqmanz: Apr 9 2007, 06:44 AM

The only indicator you really need is experience.

This MBT looks promising. There's a lot of futures to be traded in there.

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Added on April 10, 2007, 1:02 pmMy system gave a buy signal this morning (bought at 1.3354) ... and suddenly EUR/USD shot up (currently at 1.3418).

Reason : is this Dollar weakened

Price tells you that people with fundamental knowledge are taking their position (the insiders especially). Price is king.

This post has been edited by luqmanz: Apr 10 2007, 01:04 PM

Low volatility is the sign of an imminent breakout.
Do they have auto trailing stop there ? What is the minimum order ? 10k units ? Got commission ?

This post has been edited by luqmanz: Apr 11 2007, 09:44 AM

Actually people have been predicting that for many years already. Hard to tell who's the first to predict that.

Ooo nice GBP/USD ... but I only trade EUR/USD for now lol ...

Trading forex, futures or stock is a business.
... how many people are successful in business ?

Not many, but that doesn't mean we should stop.

Welcome aboard .. What pairs do you trade ?

How much profit is that ? If it's good profit... just move the SL to secure profit. Hehe

That's good. At least now you know you wont lose money now. Hope for a good luck tonite. Hehe