anyone sifu here can tell me how to start to play forex?
i went forex.com but onli vitualmoney...

how to use real money? where to go at KL to open acount?

hai, i heard forex trading in malaysia is illegal is it? we (individual) is not allow to buy foreign currency, unless we have documents to support (such as u r corporate, u study there, etc).

sorry a nub question, what is EW?

So far i have used paper 2B pencil and a tonne of ink and paper to do my charts..and the occasional MT4 chartings...

my gut tell me its gonna plunge right thru 1.3400, i closed all my long positions @ 1.3595 for a loss of 12k++ usd >_>



anyway, it was also due to my margin also, cz i cant take much more movement against me..ah well...lesson to be learned....DONT increase ur positions while uncertain in the movement x_x

....time to go smoke some weed x_x

may god/fortune/destiny be with you and happy trading

its a collection of a few ppls fundings to open that account...

i test with a mini account at base capital of 250usd only before starting this fund.. for the past 5mths been testing a strategy whc gave almost 141% ROI per month of trading from my mini account for 5mths ade then i started the standard account with cousins... but now seems to be losing $$ at a rate of -15% ROI Per month, i think i  became trigger happy when i handle that standard account...i hold the largest share so decisions are mine to make...but still the loss is like not nice la..next CNY sure kena screwed wan if continue like this...

i know im still a noob in this FX, thats why i ask for you sifu/tok guru in this thread to help me learn..and for us to learn more, after all, even if i do learn something great and share it out, it wont affect my profits/losses, and im pretty sure if you guys were to learn something new too, it will not affect on ur profit or loss when u share it out right?

aiya, cousins mar, they know the risk involved, i traded and worked with a agent company for a broker in NZ since last year, thats y i ask them and explain the risk involved to the deepest extent, so they are cool about it and didnt rip my balls of LMAO XD

to be frank with them, i told them that FX is 50/50 profit and loss, if u were to flip a coin and consider head as short and tail as long, ur chances would be 50/50 to either make or lose money. But charts/fundamental are to increase that chance so we get 60 or maybe even 70. That is what i feel.

Would u not agree with me?

Dont agree with me? well try this out, Have a little experiment before u sleep everyday with a demo account, dont look at the charts, dont look at fundamental, just flip a coin and either go short or long according to your coin flip and set TP to 30 pips for each trade and stop loss at 30 pips. Try this with a demo account and tell me what are ur profit:loss ratio. 

Hi, just started demo trading for 10 days, i wan to ask something;

Q1:- Lets say i put in US$1000 into live trade.And i use leverage 100:1 so it will means that
i will have US$100,000 to trade right?

Then lets say i use 10% of it which is US$10,000 to open a position (could be 0.1 or 1.0 lot depending
on the broker) and i earns 11 pips. So if the broker spread is 1 pip, then 11-1=10pips
,let say it is USD/CAD so 10 pips will be 0.0010 x 1/1.08 x US$10,000 = around ~US$10.
then the balance in my trade account will be US$1,010 and US$101,000 after leverage.

Q2. let say i use up to 50% of my fund; US$50,000 (my initial US$500) to open a few positions,
then since 1 pip ~ US$1, it means that i can suffer up to -500 pips negative before i get margin call right?

Correct? please tell me if i am wrong.

so lets say i wan to try with US$1000 first, with 100:1 leverage , so every 1 pip i earn and lose will be US$1 dollar right?

thanks ;

can someone tell me what is the malaysia time that every new 4H bar in metatrader4 appear?

pairs concerned are USD/CHF and USD/CAD

oh i am using interbank MT4, so its GMT.

BTW what is the spread for interbankfx? is it always stay put at 3 pips for USD?

i plan to trade with interbankfx with real account sometime in near future so what is the pip spread for USD/CAd and USD/CHF? i heard some broker had higher spread during major news and weekends, is that true?

i baru nak try2 maen forex ni..wut should i start and how??thanx

Its been a crazy friday night for me...

NFP and ISM are very very volatile, they rarely come out the same day, heck even the same week x_X

what i dont understand is, USD should strengthen greatly but it didnt  . anyway, was lucky to get a total of 70 pips on the 2 dips and 25 on the top.

you guys should check this service out http://www.tradethenews.com

the news came out 15sec faster then the market movement wey!

anyway, i think that since good news for USD didnt affect it much this past 2 weeks, when the bad news comes out, does it mean 2x movement for USD bearish?

can I ask how much I will get if I earn 1 pip of GBP/JPY if
I trade US1000 . Is long and short pip value same? I am still noob here.