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 Forex Trading Corner, Let's discuss forex strategy

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apengfx-
post Nov 24 2006, 12:08 AM

I'm a Master Trader.
******
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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.
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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
apengfx-
post Nov 24 2006, 12:12 AM

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, 11:52 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
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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
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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?
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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...
apengfx-
post Nov 24 2006, 12:22 AM

I'm a Master Trader.
******
Senior Member
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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.
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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.
apengfx-
post Nov 24 2006, 12:30 AM

I'm a Master Trader.
******
Senior Member
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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....
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hehe..u see what i mean if u try to learn with out having teacher to guide.. very hard my friend...sweat.gif
apengfx-
post Nov 24 2006, 12:39 AM

I'm a Master Trader.
******
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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
apengfx-
post Nov 24 2006, 12:42 AM

I'm a Master Trader.
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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.
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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
apengfx-
post Nov 24 2006, 12:50 AM

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



QUOTE(whtrader @ Nov 24 2006, 12:47 AM)
Maybe he can adopt uncle goog to be his teacher. icon_rolleyes.gif  icon_idea.gif
Come on didn't you read my posts. What's with the if I got more money talk. If you can't be profitable with 1000k how are you going to with 100,000k.  shocking.gif
And passion IMO. Also please the best investment is yourself. Get a good education a degree, masters perhaps. Keep working on your training but don't forget about the importants of education. Still need to keep food on the table laugh.gif Damn now I sound like and old man which I am not.
*
hehe..i know that..i will finish my study..n along the way i will learn the knowledge to become better trader..after grad..no need to worry about job tongue.gif
apengfx-
post Nov 24 2006, 07:57 AM

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



QUOTE(Minimayo @ Nov 24 2006, 03:42 AM)
How old are u ?
Many people started giving a SHORT on eu gu . It will move down for sure and i don't think it is a prefect entry right now .  Maybe we can give a short by tomorrow for eu , gu highest point . We have to see the forex calender by next week too, if there are many bad news for USD then it will continue to go higher. Just hope for the best. THUMBS UP traders
By the way i just want to do some SURVERY . How old are u guys and since when u started trading .
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im also waiting to short on eu n gu..maybe next week...gu maybe can retract to the highest 1.93xx if gu broke 1.9213 resistance..still believe that gu will go down to 1.87xx icon_rolleyes.gif

Im 21 years old...sudah tua la shocking.gif
apengfx-
post Nov 24 2006, 07:58 AM

I'm a Master Trader.
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just stated this forex conner last week..thanks to luqmanz..
apengfx-
post Nov 24 2006, 08:38 PM

I'm a Master Trader.
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QUOTE(~~5ive~~ @ Nov 24 2006, 05:56 PM)
Okok.....but i really dun noe so detailly actually, juz press....
Btw, real money can negative, right? then wat will they do( i mean marketiva)?
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when u got red pips..then u are on loss side..thay why u can only trade 20 -30% of ur margin..the free margin will support the -ve money.
apengfx-
post Nov 24 2006, 08:41 PM

I'm a Master Trader.
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IF U WANT TO LOSS UR MONEY...TRADE ON FRIDAY rclxm9.gif rclxm9.gif


my pridiction was right...gpb/usd reach 1.93xx...

still floating at AUD/USD...-100++pips icon_question.gif tongue.gif
apengfx-
post Nov 24 2006, 08:43 PM

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QUOTE(Quincy @ Nov 24 2006, 05:16 PM)
what the diffrent between spot fx and normal one?

Crownforex use spot fx right?

I read in nogold got someone said that spot fx is illegal in malaysia.
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spot forex is we predict what will happend next...if im not mistaken la..
apengfx-
post Nov 24 2006, 08:46 PM

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



QUOTE(eddyann @ Nov 24 2006, 05:24 PM)
not sure about legal or illegal thing in fx in msia. most important thing we can get the money safely without any big issues with BNM. if using egold no problem one...

because some local bank also got illegal thing they are practising when you compare to bank in oversea. i read some where, it got some thing to do with hire purchase..
*
forex is only bank in malaysia..but in the internet world...forex is for everyone.. icon_idea.gif icon_idea.gif
apengfx-
post Nov 24 2006, 08:49 PM

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



simple explanation for short n long...

if long/buy...that mean we profit if the graf go up.

if short/sell..profit from the graf that going down..


so in forex..either the price is going up or down..we can make profit thumbup.gif..n loss also.. tongue.gif
apengfx-
post Nov 24 2006, 09:49 PM

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



QUOTE(~~5ive~~ @ Nov 24 2006, 09:22 PM)
Oo.....i guess that too....coz i buy sell then i saw the graph low but im on earning side....Haha....today earn 240usd.... rclxms.gif  rclxms.gif
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hehe..weldone..keep in profit..it will motive u more..
apengfx-
post Nov 24 2006, 10:11 PM

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QUOTE(hunt17 @ Nov 24 2006, 09:57 PM)
almost finish for this week trade ...
*
market close at 5am (malaysia time)
apengfx-
post Nov 25 2006, 09:17 PM

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now is trending market...so becaful if u trade major pair...

now also end of the year...lot of FA factor effect the market...

last friday all the pair that got USD got big movement because of news abaout US treasury statistic is worst than expected... (except AUD/USD..only 50+ pips..lucky me ..loss here 180usd last friday..hehe)

This post has been edited by hafifee: Nov 25 2006, 09:19 PM
apengfx-
post Nov 25 2006, 09:24 PM

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



QUOTE(~~5ive~~ @ Nov 25 2006, 09:20 PM)
i lost 90 usd....but b4 that earn 240 usd....still got some left....
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paper ok la my pren blush.gif

real money loss diff feeling with paper..

when u trade real money..u will know how it feels when the market is not going ur way.. sweat.gif sweat.gif

STOP LOSS is very important rolleyes.gif
apengfx-
post Nov 25 2006, 09:27 PM

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



QUOTE(Minimayo @ Nov 25 2006, 09:24 PM)
coz nowadays not easy to earn $ . As a student we got lots of free time thats why im thinking of doing some investment
*
yea..u are right..

trading skill can give u lot of money..but need lot of sacrifice also smile.gif

still learning eliott wave.... rclxub.gif rclxub.gif

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