Trading in real market is very very much different. Trust me a lot of things that you wont like it. Such as open/close not executed @ the price you clicked (Slippage) during fast/abnormal market condition.

hahaha

real market conditions are very complicated. we're still in the safe little pool, not out at sea! hahaha

anyway, i'm startng to make profit. yay for me.

so far highest gain is 37 pips, short on EUR/USD. (not bad for a 3 day newbie, i'd say)

This post has been edited by ThanatosSwiftfire: Dec 9 2006, 11:15 AM

Pip is the smallest increment/decrement in any pair.
Example

GBP/USD = 1.9397 (current price)
GBP/USD = 1.9399 (old price)

The difference is 2 pips.
Any increment/decrement will be in the multiple of 0.0001 which is 1 pip.
For USD/JPY ... 1 pip = 0.01

The NFP news brought the pair down .. but the unemployment news that came 15 mins after that showed bad news for USA so the pair shot up.

My WW broken because of these two news...

First pic is cause by NFP, after that second pic is cause by unemployment news i think.
any comments?




Attached thumbnail(s)

That's a good wave.... did you locked the profit when it hit the 2-4 line there ?

Nope. Actually i hit my stoploss above the point 5 due to NFP. At that time i was out having dinner.

Im the type that want to set and forget, but i think for newbie like myself better to stick infront of the monitor to analyze the market more often. Its just that i have to many distraction from my fren

Such an important day of the month and u went out for dinner.....opps

thats the reason why im still using demo acc

No probelm mate, take it slow. Best is play demo.

But your mindset must be the demo account money inside is real money to you then only it works. If not wasting time. Hehe.

Better to lose demo account than real account hehe.

yesterday was nice. I kind of earned USD2K from virtual and I actually used the USD5 live money to trade, which I use USD1 to do so and got myself now USD5.50

Luqman malam ni ko online ym tak?
ajar aku camne nak guna moneymanagement excel ko tu boleh?

Malam ni aku keluar berlibur ... balik lewat ...
Tapi besok malam/afternoon aku ada .....

This post has been edited by luqmanz: Dec 9 2006, 07:31 PM

hey guys..is income from forex is taxable?would like to know this.i got a fren who got 20k usd juz from one night trade(of course his capital is bigger than profit)vermy much appreciated

No idea ... need to check that with Internal Revenue. I *think* it's non-taxable because the income is not "hasil dalam negeri".

how to get start wif forex ? i m new to it..jz 1 2 hv a try..any sifu can teach me ?

dude, there are two types of joining:
1) You play forex by yourself- need a lot of concentrations and must knowledgeable
2) You play forex by using remiser as a medium..

To hire a remiser, make sure , he or she is certified person...
dont risk your money by selecting uncertified person.

Normally, forex tradsing company, will have 2 types of remiser:
1) Certified remiser (pass test)
2) Uncertified a.k.a admin assistant

The most important thing is this:


MAKE SURE THAT COMPANY HAS LICIENCE TO DO FOREX TRADING.

AND YOU MUST KNOW what currencies there are playing.

Normally, forex will play 4 types of currencies:
1) USD
2) GBP
3) YEN
4) CHF

The best pairing currencies are GBP-USD..but DEPEND ON FOREX EXCHANGE RATE.

To understand about increase or decrease of the forex, watch Bloomberg in ASTRO

ok..i can understand wad u mean...

then, where i can trade ?

PM me and I will give you the stuff you need to start ...

Good morning forex traders...

I've just logged in and saw its too late for a short this morning. Oh, well....nvm. Wait till 2pm and have a look

Opened any positions this morning luqmanz?

I wish I have my computer now..this office pc cannot be installed with forex tools ... I wanna look at EUR/JPY (4H charts) ..yesterday it seems like a good candidate for mouteki trading short position ...

This post has been edited by luqmanz: Dec 11 2006, 10:31 AM