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 Forex Trading Corner, Let's discuss forex strategy

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eddyann
post Nov 22 2006, 10:28 PM

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QUOTE(Canopies @ Nov 22 2006, 10:04 PM)
I did play demo before.
Im shocked that a guy from swizterland phoned me...lol..

hey guys..why those forex co. doesnt hv ren min bi to invest?
*
renminbi is it Chinese RMB? why on minor pair? pip spread usually very large on very very minor pair
apengfx-
post Nov 22 2006, 10:38 PM

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QUOTE(eddyann @ Nov 22 2006, 10:28 PM)
renminbi is it Chinese RMB? why on minor pair? pip spread usually very large on very very minor pair
*
major pair = pair witw usd.
cross pair= no usd..

depend on broker also..i found one broker that offer 450 pair shocking.gif ..
even got usd/IRP (indon rupiah)
Canopies
post Nov 22 2006, 10:43 PM

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lol...i mean why those company doesnt hv pair wif ren min bi..

can anyone tell me malaysia company for forex ?

i wanna use malaysia money to pair wif ren min bi...lol...

wanan buy israel currency also...mind tell me where to get it?
eddyann
post Nov 22 2006, 10:44 PM

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QUOTE(hafifee @ Nov 22 2006, 10:38 PM)
major pair = pair witw usd.
cross pair= no usd..

depend on broker also..i found one broker that offer 450 pair  shocking.gif ..
even got usd/IRP (indon rupiah)
*
what broker is that? any links to check the contract?
eddyann
post Nov 22 2006, 10:46 PM

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QUOTE(Canopies @ Nov 22 2006, 10:43 PM)
lol...i mean why those company doesnt hv pair wif ren min bi..

can anyone tell me malaysia company for forex ?

i wanna use malaysia money to pair wif ren min bi...lol...

wanan buy israel currency also...mind tell me where to get it?
*
that one is kinda rare thing to trade. never experience it so i wouldnt know. furthermore without much info like other major currencies like gbp, usd, chf, jpy the trend movement much more risky and less predictable.
apengfx-
post Nov 22 2006, 10:47 PM

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QUOTE(eddyann @ Nov 22 2006, 10:27 PM)
i'm using WSS and some WMA,EMA for indicator. sometimes using stoch and RSI.
*
WSS signal..use to slay wild GU rclxms.gif rclxms.gif
eddyann
post Nov 22 2006, 10:57 PM

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QUOTE(hafifee @ Nov 22 2006, 10:47 PM)
WSS signal..use to slay wild GU rclxms.gif  rclxms.gif
*
wss give good signal from this morning, but regret i dont enter any single trade for g/u today coz no confidence. today is kinda wild movement. i tot it will reverse before noon...so there's no doubt the wss gave us some good accuracy. if it say STRONG uptrend there's a high probability it will go uptrend

» Click to show Spoiler - click again to hide... «


This post has been edited by eddyann: Nov 22 2006, 11:01 PM
Quincy
post Nov 23 2006, 12:14 AM

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QUOTE(eddyann @ Nov 22 2006, 10:57 PM)
wss give good signal from this morning, but regret i dont enter any single trade for g/u today coz no confidence. today is kinda wild movement. i tot it will reverse before noon...so there's no doubt the wss gave us some good accuracy. if it say STRONG uptrend there's a high probability it will go uptrend

» Click to show Spoiler - click again to hide... «

*
I like the new indicator top left corner of wss9.4.
useful to me to see the trend more accurately rather simply depend on the trend indicator.

btw can you use the EA? mine seems cant auto open position at all.

This post has been edited by Quincy: Nov 23 2006, 12:16 AM
apengfx-
post Nov 23 2006, 06:18 AM

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QUOTE(eddyann @ Nov 22 2006, 10:57 PM)
wss give good signal from this morning, but regret i dont enter any single trade for g/u today coz no confidence. today is kinda wild movement. i tot it will reverse before noon...so there's no doubt the wss gave us some good accuracy. if it say STRONG uptrend there's a high probability it will go uptrend

» Click to show Spoiler - click again to hide... «

*
gu now is 1.9149...wow.. rclxm9.gif
TSluqmanz
post Nov 23 2006, 11:23 AM

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wow GU was insane yesterday ... I entered the trade just before breakout .. but I made mistake with the stop-loss order ... I got whipsawed .... sigh ...

Should have gotten 120 pips yesterday ... Too bad sad.gif
modD
post Nov 23 2006, 01:54 PM

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wow... the more i try Marketiva & the more i read about Winning Solution, i'm beginning to have faith in this forex thingy. What type of membership did you guys get for WSS?
F1meteor
post Nov 23 2006, 02:11 PM

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hmm.. don't really understand this thing
QUOTE
If you use high leverage and get super lucky. Let's say you leverage your positions at 100:1. That means that if you start with $1,000, at full margin, you can trade $100,000 of currency.

So, if you have $1,000 to trade and you want to buy Euros for example, if the EUR/USD pair is at 1.20 and it rises to 1.21 in ten minutes you make a $1,000 profit. You double your initial investment in just ten minutes!

why does it meant by having $1000 but can trade $100k?
is this means i just pump in 1k, and i have 100k as capital? if i lose all 100k, then i have to pay additional 99k??

haha.. any good sites that allow me to play a demo account??

This post has been edited by F1meteor: Nov 23 2006, 02:11 PM
Minimayo
post Nov 23 2006, 02:19 PM

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QUOTE(F1meteor @ Nov 23 2006, 02:11 PM)
hmm.. don't really understand this thing

why does it meant by having $1000 but can trade $100k?
is this means i just pump in 1k, and i have 100k as capital? if i lose all 100k, then i have to pay additional 99k??

haha.. any good sites that allow me to play a demo account??
*
$1 = 100 quantities
$10 = 1000 quantities
$100 = 10000 quantities and so on ...

that is the meaning

This post has been edited by Minimayo: Nov 23 2006, 02:26 PM
Minimayo
post Nov 23 2006, 02:26 PM

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QUOTE(modD @ Nov 23 2006, 01:54 PM)
wow... the more i try Marketiva & the more i read about Winning Solution, i'm beginning to have faith in this forex thingy. What type of membership did you guys get for WSS?
*
If u want to try for wss , maybe u can get the Bronze version for 14 days which cost you $20 . Try it first , when u think it helps you alot then u just upgrade to lifetime version. This is what i suggest you to do although i not using wss . Because it is based on the Breakout system , and there are many of FREE breakout system which u can easily find it .
flattyre
post Nov 23 2006, 02:31 PM

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Correct me if I'm wrong...

the $1k u put in is the margin a/c..

basically covers the profit / losses arrising from the trade..

Max u can loose is the $1k you put in...

If more.. then "Margin Call" lah... like playing futures ??


F1meteor
post Nov 23 2006, 02:35 PM

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so, in the example above, the real profit i earn is $1000 or $10??
Minimayo
post Nov 23 2006, 02:38 PM

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To make it easy , let's say u have deposited $1000 (USD) and u open a position for 20000 quantities = ( 200usd) . At the PortFolio it will show that your Used Margin : 200.00 and Available Margin : xxx - (Amount after deduct your Used Margin and Total Profit)

Example : GBP/USD [Bid = 1.9143] [Offer = 1.9148]

You Short on G/U at 1.9143 with 200 USD and u will see a -5 pips because of the 5 pips spread. What will show in your Portfolio is like below :

[USD 1000.0000]
Used Margin : 200.0000
Available Margin : 790.00
Total Profit : -10.00



Quincy
post Nov 23 2006, 02:40 PM

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QUOTE(modD @ Nov 23 2006, 01:54 PM)
wow... the more i try Marketiva & the more i read about Winning Solution, i'm beginning to have faith in this forex thingy. What type of membership did you guys get for WSS?
*
well if you plan to buy wss dont trust 100% on the given signal. you still need to use your own skill also (TA and FA).

My membership for wss right now is Diamond (previously was known as gold)

This post has been edited by Quincy: Nov 23 2006, 02:43 PM
Minimayo
post Nov 23 2006, 02:45 PM

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ya, if you rely on a particular signal too much . You might burn up all your money , nothing is 100% just do research on which indicator that u like and suit u the best , try it with different timeframe and different pair and u can start trade your LIVE trading in forex and start grabbing pips everyday .
TSluqmanz
post Nov 23 2006, 03:11 PM

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QUOTE(F1meteor @ Nov 23 2006, 02:11 PM)
hmm.. don't really understand this thing

why does it meant by having $1000 but can trade $100k?
is this means i just pump in 1k, and i have 100k as capital? if i lose all 100k, then i have to pay additional 99k??

haha.. any good sites that allow me to play a demo account??
*
If you have USD 1000, you trade 100,000 units. It's a 1:100 leverage.

Let's say your investment drop .. your position will be liquidated automatically when the value is 99,000.
So you lose USD 1000 and owe nothing at all (assuming you didnt borrow from anyone the USD1000). smile.gif

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