95% people will lose money in FOREX and stock market.
better dun trade urself.. invest in something else mutual fund better.

is tis true ? y wud u say tat? do u have any proof to back it up? forex looks like a pretty gud trading platform for me....

joke of the day : How to withdraw demo money?

tat's lame joke of da day....lolz

ohh thats Strange, last month 95% of my entry position is profit, only 5% is loss. And my loss money is about 0.004% of my income money and this is only count on 1 acc, wheres secondary acc is also roughly ~85% win.

This post has been edited by billytong: Sep 27 2007, 09:52 AM

wow...u mz be pro....

huhu are u talking about money management ?

if you want to know..

we are the balance from the 95% forex trader,
the 5% group, we are elite trader

so, you have the choice to join us(5% elite trader) or the 95% fail forex trader...or just invest and dunno what happend to ur money..you only get 10%-20% year

if u trade ur self..the potential return is unlimited la bro

This post has been edited by hafifee: Sep 27 2007, 05:29 PM

partially yes. Money management is one of important factor that the 5% of the traders win right? Just trying to prove him that it is possible to win


Agree, conservatively 25-50% a month is pretty easy.

means it's quite reasonable to earna 25-50% in forex monthly? sori, i'm a newbie, jst want to understand more

nobody can gives you accurate answer in trading arena. we only can give example.. let me explain one..

1st step - open a mini fx account with $100 dollar
2nd step - look at chart, and you'll know everyday currency are moving up and down at least 50 - 100pips
3rd step - assume open trade your position with $1 per pip (THAT IS VERY HIGH RISK for small account)

$1 dollar per pips means, as long as market move 1 pips, youre making/losing 1 dollar per pips.

- if you think market is going up, you BUY, then price move 1 pips up youre making 1 dollar, move 2 pips up, youre making 2 dollar, up 20 - 100, youre making 20 - 100 dollar.

- if you think market is going down, you SELL, then price move 1 pips down youre making 1 dollar, move 2 pips down, youre making 2 dollar, down 20 - 100, youre making 20 - 100 dollar.


CALCULATION, assume you only have to grab 2 pips each day. sounds easy isnt it? (not really ) that means 2 dollar per day.

1 week = 10 dollar per week
1 month = 40 dollar per month


so.. 40/100 = 40%

youre making 40% this month

This post has been edited by jong52yuara: Sep 27 2007, 09:49 PM

Believe me jong, 2 pips a day is as easy as biting ur fingers.

but 1USD per pip on $100 acc is a complete no brainer. Only do $1 per pip when u are on 1000 or 2000 accs.

a position size should be .5%~2% of ur acc size.


Just as what I have said. the euro is over bought, I bet many news trader get burned with that bad US news came out tonight. It drive euro down with big -ve US news.

wow, ur explanation is really complete!! thx vr much!! appreciate it!

usd goin down again..guys have a look on bollinger mid lane..seems like market goin bearish all over...i lost 400usd.. huhuhu..but luckily i manage to cover it up on usdchf..huhuhu..bring profit summore 120usd =)

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Added on September 28, 2007, 5:57 amuwaa!! any xpert here pls give me some analysis bout usdcad..seems like goin up n down..

This post has been edited by rayzs: Sep 28 2007, 05:57 AM

Anyone used any automated trading software ? or automated trading software signal to trade ?

How well is it ?

better u learn how to trade properly than rely on those stuff , nothing is 100%

yup if u wanna be a really successful forex trader, do some analysis. dont rely on EA. anyway usdchf is goin downtrend under mid bollinger bands. some might saying it gonna start bullish after hitting 0.9995

If 0.9995 on Chf is gonna be nuts I'll put my whole acc for longing if that happen this month.LOL

I'm pretty sure you are saying USDCAD, right? I have not traded USDCAD b4, but according to many says breaking parity is something big, any thing below that level is a good deal to long, just wait the fall end then long from bottom. Trade at ur own risk.

so most of u guys out here started by havin a demo account first? is it very useful?

lol..oops sorry its usdcad..not usdchf..too many pair im doin monitored..sorry again..thx for the correction bro..

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Added on September 28, 2007, 9:31 pmyup..practice make perfect..makesure u choose the right pair for u..

This post has been edited by rayzs: Sep 28 2007, 09:31 PM