I have been watching EURO/USD jumping from 1.24 to 1.31,thats 700 pips jump...sheet

1000+ pips real or virtual? that is diff u know.

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.

Try to play with real money lah. Play very very small amount, like USD1 to 10 dollar. Some brokers allow you to trade micro account/pips.

the real market is not in perfect condition during news period.

Not bad wat, try to double your capital when you have double your confidence. Happy Forex trading.

Not really, a good scalper and hedger can make 50-100pips a day.

Shit first 2 trades today lose out USD2.00 real money Market move sideways.

nvm I got back my 2 dollar already. It was a fast recovery. But thanks to screamyx disconnections!! i earn 2pips less!

This post has been edited by billytong: Dec 21 2006, 02:59 PM

Screamyx take away my 2 pips. I earn 2 less pips becos of DC.

the situation like this.

I short EUR/USD

The market suddenly crash which it is in my favor.(as expected by drawing trend line, I'm scalping) But it crash do fast that I still see there is a potential field to go down further. I want to move my take profit target lower to take more profit (greed )
Then the damn-bloody Screamyx DC. After I reconnect. The market stays at 2-3 pips lower than my take profit trigger. If it wasnt DC. At least I can close the position 2-3 pips more.

Scalping only bring maximum profit mah After all I only use USD78 to trade in forex. 1 pip = 0.3cent. Now I got a nice 48 cent profit. Actually that position is already in deep profit, just that becos screamyx DC I close 2 pips higher.

For the first day in trading live in a bad market. Today market is not nice especially morning.

This post has been edited by billytong: Dec 21 2006, 05:02 PM

Either YM or MSN. May be we can share some exp that benefit all of us.

Hari ini saya bakar wang...haih.

Guys, do you have any news site or a forum community that can provide a necessity information before I enter a position?

You can fill in a form(usually a broker provide this) and put in your bank acc number. The broker will TT the money to your bankAccount.

Regarding the broker. Try google arround and look for the general public comments, then you will find which broker are generally honest to its customer.

Note: FXCM is NOT a good broker according to the source I found in the internet. According to the general public, they manipulate your close position(a lot of slippage) and might put you into manual execution if the market is abnormal.

This post has been edited by billytong: Dec 29 2006, 10:19 AM

Well I'm oanda live user. I must say their execution time is fast and responsive. I can change my stop loss, take profit as close as the last price, which is very good to take extra profit or reduce my losses during the market went crazy. I also can do scalping. But their spread can go up to 10 to 15 pips during news. So news trader is advice not to trade at oanda for scalping. and Also do not trade at oanda monday morning & Friday midnight.

Oanda java application is not slow if you are on the high performance PC. I had ran it on my AthlonXP2400+,512MB RAM and my Pentium D 2.66GHz,512MB RAM. However I am not really sure on PCs spec that is below mine.

This post has been edited by billytong: Dec 31 2006, 08:58 AM

Well, I have stop trading since the cable had broken on Dec 27 2006. Until then with such unstable line, I would rather dont trade at all than losing my money.

Guys where can I get news that affect the currency?

Thanks, will have a look into it. Any more news, guys?

Damn I cant even do trading with Oanda at all. the whole internet is so slow and the platform do not load properly like last time.

Now. I ping to yahoo.com with 2000ms.

Just now I was able to Short scalp EUR/USD but my position is filled with 2 second delay thus making me short at ~1.5-2pips lower than wat I want. then When the index bounce back. I wanted to close. It close at 2 seconds delay, which is also about 1-2pips higher than wat I want.

becos our fren Tmnut cannot reroute their international line. I got slip 6 pips in total. but luckly I still in 3 pips profit

This post has been edited by billytong: Jan 24 2007, 03:14 PM