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 Forex Trading Corner, Let's discuss forex strategy

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SUSMNet
post May 11 2007, 03:10 PM

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fx look like very promising!!
will try demo ASAP!


Added on May 11, 2007, 3:12 pm
QUOTE(low yat 82 @ May 11 2007, 03:09 PM)
need help here... y my meta trader software at bottom right say no conecction????
*
try relogin..
alway happen to me too
do you alway facing this prolem?

This post has been edited by MNet: May 11 2007, 03:12 PM
SUSMNet
post May 11 2007, 03:20 PM

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QUOTE(low yat 82 @ May 11 2007, 03:13 PM)
nope...this is d 1st day i xperience no coneection...

edi try many times.. still d same..haizz...
*
hmm.gif
if like that liao,
no choice
just close ur MT4 platform.
wait a minute or more
then reopen the MT4 platform
i alway done this
sure can connect rclxm9.gif
SUSMNet
post May 11 2007, 05:30 PM

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QUOTE(GodLuvSxS @ May 11 2007, 04:46 PM)
Hi guys, still finding the best system for yourself? I've been following OrangeRoshan's SDRC method for a week time, getting average 30~40pips per day, I'm here highly recommend it to you guys, may the pips be with you smile.gif

EDIT: OrangeRoshan's SRDC thread from ForexFactory
*
seem like very complicated 4 me yawn.gif yawn.gif
SUSMNet
post May 15 2007, 10:27 PM

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QUOTE(kuenny @ May 15 2007, 08:43 PM)
have a look on this site...
affiliate forex site...
http://www.lover-street.com/forex.htm
easy forex using paypal...
*
easy forex? flex.gif
very very high spread
know why?
coz they pay a lot to affiliate program

SUSMNet
post May 15 2007, 11:31 PM

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QUOTE(billytong @ May 15 2007, 11:24 PM)
Update as I said stay long,

here we go, Eur/Usd Long is getting paid! Profit is taken @ 3600s! All my position is closed!

Now I setup 1 long @ 2140 USD/CHF biggrin.gif  as swing trade. smile.gif
*
rclxms.gif

SUSMNet
post May 16 2007, 05:07 PM

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QUOTE(woopypooky @ May 16 2007, 04:43 PM)
hai, juz want to hear some opinions:
what are the percentage of 'used margin' to trade/positions compared to the total fund u guys have?
what percentage is the safest?
*
IMO
it depend on ur strategies
long term=5%-10%
short term=50%-70% ----->my style rclxm9.gif
click my signature to see


SUSMNet
post May 16 2007, 11:43 PM

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QUOTE(kuenny @ May 16 2007, 11:35 PM)
oh...
i just start play with marketiva virtual...
seem fun...

but kenot understand y... got 1 msg from server saying that... what what margin is lover than 1% then close it...
make me rugi a bit bit...
wondering...
*
bro
dont use MV if u r serious abt trading fx
SUSMNet
post May 17 2007, 04:04 PM

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QUOTE(kuenny @ May 17 2007, 10:39 AM)
oh,
so any recommendation?
*
My top 3 favour broker

1. Dukascopy
2. Oanda
3. MBT
SUSMNet
post May 17 2007, 11:35 PM

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QUOTE(bryanyeo87 @ May 17 2007, 10:32 PM)
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 >_>

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


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
*
great
the user of forex.com
rarely see ppl use forex.com
what platform u use?
forex trader/forex trader.java/forex trader.web ?
any thing special with that broker?
SUSMNet
post May 18 2007, 04:04 PM

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QUOTE
The forthcoming FX Trader of the Year Contest is a 4-month competition that gives you the chance to win juicy prizes such an invitation to the FXstreet.com International Traders Conference (ITC), which will take place in Barcelona in October 25-27th. Winners will also have the opportunity to share their trading secrets in a special dinner at the ITC.

But, what makes this contest unique? As we want to know who is the best Forex trader in the world, the contest is open to any trader! That is, if you currently have a Forex trading account -no matter if it's an Standard or a Mini account- you're eligible to participate in the contest regardless the broker you use. No entry fee is needed to participate in the contest.


Eligibility
Individuals who are 18 years old or over -or those having the right to vote according to the laws of their place of residence- and who have a valid mini or standard Forex trading account with a minimum balance of US$2,000 are eligible to participate in the Contest.


Contest Rules
These are the main contest rules:

  1. Contest will begin on 1st June 2007 at 0.00 h. EST and will finish on 28th September 2007 at 16.00 h. EST. The period for joining the contest will be from 15th to 31st May 2007.
  2. To participate in the contest, you have to follow two simple steps:

          * Register in the Forum and write that you accept the rules of the contest, providing the name of your broker and the account type you're trading (Standard or Mini).
          * After this, send an email confirming that you have entered the contest to alberto at fxstreet.com.
          * Once the Contest has started, every Friday after 4.00 pm EST you have to post your statements (of course, removing your personal information) in the Contest specific thread, commenting on how was your trading week.

      Remember also that your account should show a minimum balance of US$2,000 at the start of the contest.
  3. The winner will be the contestant with the highest Account Return. Account Return is calculated as account's current balance divided by the balance at the contest starting date and multiplied by 100. The final Account Return will be determined at the 4.00 pm EST closing price on the last business day during the contest. Keep in mind that the Account Return will take into account the profit/loss of open trades as well. Also remember that new deposits during the contest won't be considered to calculate Account Return and that withdrawals will negatively affect your return.
  4. At the end of the contest, Fxstreet.com will verify every statement confirming with the broker the veracity of data. If any statement contents incorrect or false information, the contestant will be disqualified.
  5. The name of the winners will be posted on Fxstreet.com after finishing the contest. Anyway, it would be possible to know the trader who performs best by looking at the weekly contest ranking which will be updated regularly in the forum. Also the top 10 best performers will appear at Fxstreet.com homepage.
  6. In case of a tie between two or more participants for any prize, the winner will be the contestant with the lower number of trades during the contest.
  7. Any kind of trading strategy or methodology, provided it complies with all applicable exchange regulations, State and Federal laws, and CFTC and NFA rules, is permissible for purposes of the contest.
  8. Fxstreet.com reserves the right to extend the trading period, to postpone the starting date, or to cancel the contest altogether if such action is considered reasonable or necessary.
  9. Also Fxstreet.com, in its sole discretion, may disqualify any trader or exclude any trader from participation in the contest for any reason.
  10. The purpose of the contest rules is to ensure that every trader will have the same opportunity for success as other traders. Fxstreet.com reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the contest.
  11. Employees of Fxstreet.com and any of the brokers involved, its subsidiaries, affiliates, suppliers or their immediate families are not eligible for the contest.
  12. Participants agree that any and all claims, disputes and causes of action arising out of or related to the Contest shall be resolved, without resort to any form of class action, exclusively by the appropriate courts in Barcelona in accordance with the Spanish laws, without giving effect to conflict of law rules which would cause the application of the laws of any other jurisdiction.
  13. By participating in the contest, the contestant accepts all these terms and conditions, which are final and binding.



Prizes

  1. There will be three prizes awarded:

      The first-place winner will be awarded with the following prizes:
          * A free entrance to FXstreet.com International Traders Conference, including breakfast and lunch.
          * The opportunity to share your trading secrets with ITC attendants at the closing dinner of the event.
          * A special 1-hour working session with our renowned Advisor, Toni Juste.
          * A fantastic selection of books and DVDs about Forex.
          * 6-months of free access to Fxstreet.com Premium section.

      The second-place winner will be awarded as follows:
          * A free entrance to FXstreet.com International Traders Conference, including breakfast and lunch
          * The opportunity to share your trading secrets with ITC attendants at the closing dinner of the event.
          * A special 1-hour working session with our renowned Advisor, Toni Juste.
          * A fantastic selection of books and DVDs about Forex.
          * 3-months of free access to Fxstreet.com Premium section.

      The third-place winner will be awarded with:
          * A free entrance to FXstreet.com International Traders Conference, including breakfast and lunch
          * The opportunity to share your trading secrets with ITC attendants at the closing dinner of the event.
          * A special 1-hour working session with our renowned Advisor, Toni Juste.
          * A fantastic selection of books and DVDs about Forex.

      In any case, the prizes awarded may not be the object, on the part of the winners, of any claims of any kind, or be replaced by money, or be replaced or exchanged for any reason whatsoever.
  2. Winners will be notified by email. Winners' names and trading results will be posted to our website.
  3. Winners are responsible for any required reporting and payment of taxes (including federal, state and local) associated with contest winnings.
  4. In the event any of the top three finishers must forfeit a prize, cannot be contacted successfully, and/or are deemed ineligible, Fxstreet.com will award the prize(s) to the next-best contest finisher(s).
  5. If this contest must be cancelled at any time, Fxstreet.com reserves the right to award any or all of the prizes, at its discretion, in a random drawing among all eligible participants who have entered.
  6. In order to receive the Prize, participants should provide their email to Global Forex Trading in order to send promotional information during and after the life of the contest.


Contest Disclaimer

  1. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work with as well as against you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor should you have any doubts.
  2. By entering the contest, participants accept these Contest Rules and release and hold harmless Fxstreet.com and any of the brokers involved, their respective parent companies, shareholders, subsidiaries, affiliates, managers, officers, employees and agents, from any and all liability for any injuries, loss, damage, costs and expenses of any kind, including legal fees, arising from or in connection with this contest or use of the prizes won.


Remember that Forex trading is speculative, entails a high degree of risk, and is not suitable for everyone.
http://www.fxstreet.com/forum/showthread.php?t=736
SUSMNet
post May 24 2007, 09:47 PM

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QUOTE(woopypooky @ May 24 2007, 05:47 PM)
why majorities of forex broker trade 0.1 lot ,...0.2 lot?

anyone can recommend a broker that allow to trade 0.1 lot, 0.13 lot, 0.16 lot and so on? just like marketiva?but i dun like marketiva.
*
oanda..
trade any lot you wan
SUSMNet
post May 27 2007, 03:22 PM

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QUOTE(woopypooky @ May 27 2007, 02:19 PM)
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?
*
spread widen in a fast market is really comman with broker especially market maker rclxms.gif
SUSMNet
post May 28 2007, 04:39 PM

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QUOTE(billytong @ May 25 2007, 08:05 AM)
Just a reminder, Never Short EU unless u are looking for a short term scalping.

the US economy is as bad as it can be. The news numbers are faking the economy it didnt tell the real story behind. The Fed is lying.

I'm still holding my Eu long positions on a swing basics.
*
waiting for da wave brows.gif
SUSMNet
post May 29 2007, 04:21 PM

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QUOTE(hafifee @ May 28 2007, 08:46 PM)
patience is the key to success.  smile.gif
*
e/u up trend brows.gif


Added on May 29, 2007, 5:20 pm
QUOTE(MNet @ May 29 2007, 04:21 PM)
e/u up trend  brows.gif
*
TP triggered 50pip brows.gif


This post has been edited by MNet: May 29 2007, 05:20 PM
SUSMNet
post May 29 2007, 10:21 PM

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why E/U so violatile today?
up nearly 100pips+
SUSMNet
post Jun 1 2007, 03:23 PM

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12:30 United States Nonfarm Payrolls (May) !!! 140 88K

NFP

USD up up up
SUSMNet
post Jun 1 2007, 10:27 PM

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QUOTE(uniglo @ Jun 1 2007, 05:30 PM)
Im predicting the NFP numbers whould be around 130k and the previous number of 88k would be revised to above 110k.

NFP is famous for revisions. So be careful.

This would give dollar the strength for some time.

Even ringgit has been lower this 2 weeks against the dollar.

PS: this is only my views. thank you.
*
NF still accept EG again?
SUSMNet
post Jun 1 2007, 11:19 PM

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QUOTE(bryanyeo87 @ Jun 1 2007, 10:59 PM)
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  hmm.gif . 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?

hmm.gif
*
that what i think nod.gif
do you trade news using the tradestation?


SUSMNet
post Jun 3 2007, 03:54 PM

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QUOTE(jong52yuara @ Jun 3 2007, 12:51 PM)
1.) As far as i know, there is NO COMPANY allows you to open an account with 50 bucks, minimum is 100 dollar. which is NorthFinance.

2.) Holding the pair has interest rate, it is called swap rates. look here for more info http://www.ac-markets.com/en/online-forex/...t-positions.asp

3.)

user posted image


Added on June 3, 2007, 12:55 pm

spread ALWAYS determined by broker, client cannot do anything. unless you have few million dollar account you can negotiate spreads with them, but usually big player trading directly from bank or exclusive platform access which has lower spread than normal retail forex company.
*
Oanda or commanly know as fxtrade
can start trading at any amount you want
SUSMNet
post Jun 3 2007, 10:18 PM

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QUOTE(wilander @ Jun 3 2007, 04:15 PM)
That means spread is the amount i need to pay for each trade. But, still nobody answers my third question. I did made an example there. Ok. I'll write it again here.

I bought 2 lots when the spread is 2pips and I sold that lot when the spread is at 3 pips(assuming the spread is not constant). So, how much spread am I paying to the broker?


Added on June 3, 2007, 4:22 pmOps.. Didn't saw the words in the picture. I thought you were telling others about the current market trend. Lol..

SO, the conclusion is I'm ONLY paying the spread the moment i made a 'buy' in the market. How it's going to be calculated for 1000 units? They will charge the spread for each unit? That would mean a total of 2000 pips I need to pay the broker when I start trading in the market.(if the spread is 2pips)
Am I correct?
*
for all the Q you ask,
u can get the answer when u try to trade at demo version fxgame


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