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 Forex Trading Corner, Let's discuss forex strategy

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rstusa
post Jan 12 2008, 01:28 PM

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I would say year 2010, ringgit will remain high as year 1996 rate 2.60

This post has been edited by rstusa: Jan 12 2008, 01:32 PM
rstusa
post Jan 14 2008, 10:14 AM

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QUOTE(normeck @ Jan 13 2008, 12:00 AM)
u can check it at forexfactory.com in Trading System indicator...just try try abit...the profit that i make was from OZfx indicator...dl tpl...and wallaaa....all in one Stoch and bla bla...

http://forexfactory.com/forumdisplay.php?f=71
check this out...
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Hey man, thanx for sharing!!!
rstusa
post Jan 14 2008, 11:23 PM

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You guys heard of forex broker DUKASCOPY & MIG? Just wanna to make sure both this broker safe to trade with or not.
rstusa
post Jan 15 2008, 09:57 AM

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QUOTE(caspersky @ Jan 15 2008, 12:43 AM)
Hi there. I am new to FOREX and i wish to try it. Can i ask for some advice how to startup and what should i do ? Thanks in advanced.
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www.babypips.com/school is your starting point!!!
rstusa
post Jan 17 2008, 02:17 PM

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QUOTE(normeck @ Jan 17 2008, 12:26 PM)
thankz for ur info taiko!..

taiko..
1) What is average for normal trader earn?..50 pips per day?...cause i want to benchmark my trade..
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It can't measure the earning per day, coz every traders with different strategic and trade differently, some can earn 1%-2% per day but some can 10%, even 100% per day. My experience before in a month i average the daily profit is 3.55% but now seems market not so stable so i can't maintain 3.55%, now lower than 3.55%.


Added on January 17, 2008, 2:18 pm
QUOTE(woopypooky @ Jan 17 2008, 01:50 PM)
i wonder which website can get the fastest economic data release?
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For economic calender try forexfactory.com, for latest news try actionforex.com

This post has been edited by rstusa: Jan 17 2008, 02:18 PM
rstusa
post Jan 17 2008, 02:58 PM

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QUOTE(woopypooky @ Jan 17 2008, 03:51 PM)
i wonder is there anyone here who trade fundamentally and technically together; successfully?
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I can intro to you if you really need to know them, both of them handle fundamental & technical together in a very serious circumstances, they only available in MSN, won't chat here, or you can find them at www.skyjuce.com, they're the founder of this forum website. PM me if you want to know them.
rstusa
post Jan 18 2008, 01:03 PM

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QUOTE(woopypooky @ Jan 18 2008, 01:49 PM)
they charge anything?
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Why charge?
rstusa
post Jan 18 2008, 04:13 PM

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QUOTE(amenlo9 @ Jan 18 2008, 02:22 PM)
Yes, correct!
rstusa
post Jan 19 2008, 02:35 PM

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QUOTE(woopypooky @ Jan 19 2008, 01:38 PM)
I use Interbankfx (IBFX)
Good becos i can trade odd lots. Such as 0.01 lot, 0.03 lot, 0.14 lot, 0.33 lot, 0.99 lot, 10.04 lot, etc.

However, it have Sunday candles which sometimes screw up signals from certain technical indicators.
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Yeah, i agreed! The lots size very choiceble, and the execution also fast, even the spread not too large when news come, within 1min remain the same.


Added on January 19, 2008, 2:40 pm
QUOTE(normeck @ Jan 19 2008, 01:18 PM)
hi billy

i like to invest into Forex...
but i would like to start with $50 ...

what are your suggestion?...
from what i post statement to forex forum recently...do you think im ready in Forex?

and i have read a lot about leverage...can help me give an example using this leverage...

and with $50, how long can i get $250 ...very ambitious ..heheh!!..cause i want to trade 1 pip equal $1....heheh...

sorry a little bit spoon fed and poor english
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It is very risk for your capital to trade $1=1pip. Let's say you use 400:1 leverage, so 1lot = 25pips, if your capital $50, use 1lot to trade, then you already used 50% of your margin. If market unstable, then your 1lot should habis in few seconds.

This post has been edited by rstusa: Jan 19 2008, 02:40 PM
rstusa
post Jan 22 2008, 08:23 AM

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QUOTE(normeck @ Jan 21 2008, 11:36 PM)
http://www.erlan.info/

please check regarding FXopen

going to sleep now...closed 10 pips for 1st trade..huhhuu!!!
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I think you better don't trust this broker again. Actually it is not a broker, just an agent from somewhere of a broker.
rstusa
post Jan 22 2008, 12:05 PM

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QUOTE(billytong @ Jan 22 2008, 10:22 AM)
As you can see last week I said euro is overbought, and it corrected 600pips down. Now it is time to get back into long between 4300-4400.But I will long very caution.
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Yeah, it really happened!
rstusa
post Jan 23 2008, 10:18 AM

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QUOTE(billytong @ Jan 23 2008, 10:54 AM)
FED surprise cut US interest rate by 0.75%, thats the largest single cut since 1984. (If I'm not wrong for the year)

What will happen on this surprise cut? USD will go down. In this case EU is flying up. But not too sharp, europe has their own problems. Once their problems come out and surface(may be a few months future), I would say EU will come back down to break below 1.4300.

The market right now will be focusing on the Jan 30th FOMC meeting. I expect we can get another cut by 0.25-0.50%. Follow by what the FED president gonna say. It is their comments that will determine whether USD & USA is going to funeral(recession) or not.
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The FED never inform at all, suddenly cut 75bp. So billy, UJ now is a very deep price, 105-106, as you said usd will down then maybe UJ will break 105 to 104 or lower, right? Besides, GU will up due to usd down, so how about GBP?
rstusa
post Jan 23 2008, 10:36 AM

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QUOTE(ssufian @ Jan 23 2008, 11:22 AM)
I can't connect to my trade station

broker: Interbankfx
platform: metatrader4
internet connection: streamyx

I don't know whether this is the broker problem or our streamyx connection problem coz I still can connect to several other websites especially those domain / web hosting is in Malaysia... out from Malaysia sometime can... sometime cannot...

does anyone here facing the same problem?

how to fix this?
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Should be your streamyx problem, coz now i trading with ibfx, it is running normal now.
rstusa
post Jan 23 2008, 12:04 PM

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QUOTE(low yat 82 @ Jan 23 2008, 12:48 PM)
ibfx ok ka? yesterday jus download it.. but it seems d volume is abit diffrent from north fincnace  hmm.gif
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You mean spread or current rate?
rstusa
post Jan 23 2008, 03:01 PM

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QUOTE(billytong @ Jan 23 2008, 01:28 PM)
UJ is still running steady due to stock going up today.

USD rate cut = USD negative, Stock going up = JPY negative = negative * negative = USD/jpy will not go any where far.

Try to look at eur/jpy, it bump 400pips in 1 day.
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Good Analysis!
rstusa
post Jan 24 2008, 10:45 PM

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QUOTE(amenlo9 @ Jan 24 2008, 09:34 PM)
Dukascopy is good broker when u decided to go big.tight spread and cheap commission.but min is 50K.but they called me few weeks ago and said they will accepting 20K as well but min entry size is 2.5 lots same as 50K account.

besides,Interactive Broker will be another good alternative because their min is only 10K.u can trade Forex,futures and stocks over there,very good broker.but their platform is too complicated and not user friendly...
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How about ALPARI & MIG?
rstusa
post Jan 25 2008, 10:08 AM

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QUOTE(jack2 @ Jan 25 2008, 03:36 AM)
It is legal. The problem might arise when we remit the money back. BNM may kacau and on hold to investigate where you got the fund for AML checking.

My friend now is under court case. He is student and the money he remitted is hundred thousand RM.
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Your friend should provide profit statement, tax form and any other documents from his forex broker and then submit to the gov, so that it has a proven. My friend is a tax consultant in one of the company, he said malaysian earn money from oversea is legal and the fund remitted back to malaysia is non-taxable.
rstusa
post Jan 25 2008, 05:26 PM

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QUOTE(woopypooky @ Jan 25 2008, 05:33 PM)
Metatrader is a trading software. I guess people can choose between FXCM old software or metatrader to trade.
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Still MT4 best performance!!!
rstusa
post Jan 25 2008, 08:18 PM

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QUOTE(low yat 82 @ Jan 25 2008, 09:00 PM)
i heard from my net fren say, if wire transfer to oversea need pay rm10 + usd 25... d usd 25 is for wat???
yawn.gif  yawn.gif  time to do trial n error again...
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Depends on intermediate bank, most of them charge usd20 only, the RM10 i think he use Maybank to transfer, coz other bank in malaysia charge you RM25.
rstusa
post Jan 25 2008, 08:31 PM

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QUOTE(low yat 82 @ Jan 25 2008, 09:20 PM)
oo...thanks for d info though...  thumbup.gif

intermediate bank? u mean something like north finance?

edited: u got monitor EU? it seems like formin double bottom....  hmm.gif  waitin for a throwbacks b4 go in...
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I currently monitor xxx/jpy & usd/cad.

This post has been edited by rstusa: Jan 25 2008, 08:32 PM

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