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 Forex Trading Corner, Let's discuss forex strategy

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~~5ive~~
post Nov 23 2006, 10:31 PM

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HI...new here...
quite confused.....u guys talking bout real money or demo?
mind to explain briefly?
~~5ive~~
post Nov 23 2006, 10:53 PM

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QUOTE(hafifee @ Nov 23 2006, 10:37 PM)
for beginner ..i suggest u to trade with virtual money..or demo..to built ur confident first..
then start using real money..
i also trade virtual money for 6 month b4 i start use real money.
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so it is a free software to try that?
use marketiva?
~~5ive~~
post Nov 23 2006, 11:01 PM

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QUOTE(hafifee @ Nov 23 2006, 10:57 PM)
yes..it is free to try..
marketiva is a very simple platform..
but to to the analysis ..i use meta trader..also free if u just open demo account

but first...invest in ur self first to get the knowledge about forex b4 u start trade real money...trust me, i've learn the hard way  biggrin.gif
*
if talking bout real money, wat is the minimun capital needed?
~~5ive~~
post Nov 23 2006, 11:26 PM

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QUOTE(hafifee @ Nov 23 2006, 11:12 PM)
if u using marketiva...100usd u can start tradebut only using micro lot..

if u consider to trade using mini lot(500usd) or standart lot(1000usd)..

u got to have atleast 4k as ur free margin..to be on the safe side
*
confuse again....i thought that marketiva is a virtual software so mean i like playing a game, right?
~~5ive~~
post Nov 23 2006, 11:37 PM

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QUOTE(hafifee @ Nov 23 2006, 11:34 PM)
marketiva is one of the forex broker..

broker offer demo account/ practice account for beginner..they give u 10k -50k virtual money and u can use that virtual money to trade in real market/ current market situation..with virtual money...if u loss..it will not effect u.
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Ok....using virtual money to invest in REAL MARKET?
so juz to train up, is it?

So if using real money to invest, 4k usd minimun needed?
~~5ive~~
post Nov 23 2006, 11:52 PM

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QUOTE(hafifee @ Nov 23 2006, 11:49 PM)
yup..thats the idea..to give u the feel of real market b4 u start to use real money..

4k is only my suggestion ..time by time, u will know the right amount u need to start trading  smile.gif

invest in knowledge first..take the first step..

see my siggy for forex class..easy to understand n malaysian teacher  thumbup.gif  thumbup.gif
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haha.....nice advertising there....
but i think i had read up somewhere that can online self learning....
Or i can direct ask u guys here... tongue.gif
~~5ive~~
post Nov 24 2006, 12:11 AM

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I think i read up somewhere that 5k usd can earn 800usd profit in 1 month....so this consider a common 1 or high profit?
~~5ive~~
post Nov 24 2006, 12:20 AM

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QUOTE(hafifee @ Nov 24 2006, 12:14 AM)
everything can be possible if u have the skill to do the analysis..

see first page...i make 122usd in 5days..only using 360usd as my initial margin...
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real or virtue? rclxms.gif

QUOTE(whtrader @ Nov 24 2006, 12:16 AM)
Ok if you are really serious in diving into the world of trading. Prepare for the hardwork and pain you are gonna endure. Am I scaring you  sweat.gif  doh.gif . I scare myself sometimes  laugh.gif But seriously, I would not be asking how much do I need for my seed capital, what I will be asking myself is , Will my capital gain value?How can I achieve this or will I just burn and blame everything else except myself unsure.gif .
Training is part of your development as a trader. I strongly believe paper trading is the best way to get started. You get to place trade with out losing molah thumbup.gif of course you don't make real money too shocking.gif . I remember using OptionXPress and blowing my acc couple of times. rclxub.gif  Once you are profitable for a period of time trading paper then move to live.By the way retail trader are called paper by floor people. There you will find more thing you need tackle and tune. And by the way trading is not like getting a degree IMO. Just my thoughts.
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not scaring me though. Of coz something need to be sascrifice at 1st b4 i can earn back another thing. I will be quite excited if i master it also. Juz quite blur as i juz start my study a couple hours ago....i was like....WTH is the web saying?

then all question mark...????? rclxub.gif rclxub.gif stars too....
~~5ive~~
post Nov 24 2006, 12:30 AM

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My bad english, i not really understand the quote....
still too young + bad english i assume
~~5ive~~
post Nov 24 2006, 12:33 AM

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QUOTE(hafifee @ Nov 24 2006, 12:30 AM)
if virtual...how come only 477usd..hehe
this is my virtual account....

user posted image

see the balance  whistling.gif

user posted image
hehe..u see what i mean if u try to learn with out having teacher to guide..  very hard my friend...sweat.gif
*
Haha....wat u trying to say if only i had more money, i could earn more too....right?

the balance is 5 figure? Haha...hope it was my money ( real not virtue tongue.gif )

Haiz c 1st, i juz suddenly interested in Ferox, mayb i will change my mind in second...
~~5ive~~
post Nov 24 2006, 12:45 AM

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QUOTE(whtrader @ Nov 24 2006, 12:37 AM)
Saying is the easy part I can assure you. You're malaysian right not working I hope, Imagine sitting in front of the computer at 8.30pm to 4am, well depends if you wanna just trade the morning or afternoon sessions. Waiting sitting waiting, staring at the computer, tired then suddenly you see an entry, a chance ,you go for it, few minutes later the market move your way, you rejoiced, in the back of your head you imagine, you are walking to the bank tomorrow, then in one tick/minute, it reverses, you wanna bail out, hastily you send the close order,  you are not getting filled wtf you get whipsawed and cursing wtf happened. You said thats it for today, sleep. Tomorrow is a new day.Haha now that literature for ya. Yes it did happen.
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It is ok to me. Indeed today i spent my whole day sitting in front of pc.

QUOTE(whtrader @ Nov 24 2006, 12:39 AM)
Some clause to protect themself from getting sued.
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U mean the purpose of using quote?
i actually mean i dun understand the meaning in ur quote.
~~5ive~~
post Nov 24 2006, 12:51 AM

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QUOTE(whtrader @ Nov 24 2006, 12:47 AM)
Come on didn't you read my posts. What's with the if I got more money talk. If you can't be profitable with 1000k how are you going to with 100,000k.  shocking.gif
And passion IMO. Also please the best investment is yourself. Get a good education a degree, masters perhaps. Keep working on your training but don't forget about the importants of education. Still need to keep food on the table laugh.gif Damn now I sound like and old man which I am not.
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Comon, i mean if his have really so many cash on hand then im sure his balance will juz be the same as the pic. Of coz i know need to have experience+ knowledge+ patient+ a lot more to have a profitable invest. U dun look like old man, wise young man tongue.gif
~~5ive~~
post Nov 24 2006, 12:05 PM

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QUOTE(Minimayo @ Nov 24 2006, 03:42 AM)
How old are u ?
*
Im 17....still takeing SPM
tongue.gif laugh.gif ohmy.gif
~~5ive~~
post Nov 24 2006, 12:29 PM

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Aha....not sure of joining. Juz interested. Wil try after SPM then. Btw, where to get those software?
~~5ive~~
post Nov 24 2006, 02:23 PM

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QUOTE(hunt17 @ Nov 24 2006, 02:16 PM)
im using MT4 and marketiva .. still learning on virtual money/trading
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Yaya....but where to get it?
~~5ive~~
post Nov 24 2006, 02:28 PM

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BTW, still haven tell me where to get those software....
rclxub.gif
~~5ive~~
post Nov 24 2006, 02:33 PM

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QUOTE(Minimayo @ Nov 24 2006, 02:29 PM)
marketiva - www.marketiva.com
MT4 - www.northfinance.com  google it u can find more brokers that using MT4
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haha....10x r the link....
Btw, i duno the real process actually.
I mean if deal with real money.
Go where buy, sell and manage ur money thing?
~~5ive~~
post Nov 24 2006, 02:40 PM

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QUOTE(Minimayo @ Nov 24 2006, 02:37 PM)
Go to marketiva site and start reading , and try to understand what they are saying and trade with virtual first .
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I juz want to know how the real process work....
Doesnt mean i really want to start it directly using real money laugh.gif tongue.gif
~~5ive~~
post Nov 24 2006, 02:41 PM

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QUOTE(luqmanz @ Nov 20 2006, 09:15 AM)
If you like, I can send you the tools and guides on forex. I think it's a great starting point. Just pm me your email. Make sure it can accept 5 MB attachment though.
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Mayb he will be kind enough to provides us....
PM u my email....Haha laugh.gif
~~5ive~~
post Nov 24 2006, 02:59 PM

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WTA....marketiva open account is free of charge?
sorry for noob question....

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