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 Forex version XVII, Foreign Exchange Market Discussion

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zDarkForceSz
post Jan 16 2016, 08:22 AM

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Yo just check out how you guys doing lately~
carrer
post Jan 16 2016, 09:29 AM

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QUOTE(CallOfLegend @ Jan 16 2016, 12:10 AM)
Oh I see. I'm not sure how to word my explanation properly. But my calculation for stop loss is the same for take profit.

user posted image

I find a pattern as the same in screenshot (H1 audusd). Draw fibo from point A to B (high low), if price reach C (138% fibo ext), i wait H1 close break the Close price near point A (0.6967) entry at that price. SL an TP is amount of pips move from A to B (64pip). TP i always deduct the spread. so SL & TP is 64 pips away from 0.6967.
*
Makes sense, just like how I used to take my profit.

OmiCatFace
post Jan 18 2016, 11:32 AM

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Hi guys!

I am new here in Forex. As far as I know, Forex is not legal in Malaysia but there you go, you guys are doing fine now and making some money out of Forex. I would like to do some investment in both Stocks and Forex but Forex grab my attention more. Just like Stocks, they have brokers. Can anyone suggest some reliable Forex broker in terms of cash in and out and etc? You can list out 1 or 2 of it so that I can do some research on them.

P/s: This question might be raised out by someone before in this group but I would rather know the answer by asking again than reading all the versions. I am new in this forum as well.

Your guidance is very much appreciated by me and other beginners out there.
Thanks! cool2.gif thumbup.gif
aviera
post Jan 18 2016, 01:57 PM

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Hi,

Gold going down this week? Any thought??
vergil88
post Jan 18 2016, 02:02 PM

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QUOTE(aviera @ Jan 18 2016, 01:57 PM)
Hi,

Gold going down this week? Any thought??
*
why so?
dembaba9000
post Jan 18 2016, 02:05 PM

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QUOTE(aviera @ Jan 18 2016, 01:57 PM)
Hi,

Gold going down this week? Any thought??
*
Y not go up? Oil Investors have to go some where?
13aby
post Jan 18 2016, 02:06 PM

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QUOTE(OmiCatFace @ Jan 18 2016, 11:32 AM)
Hi guys!

I am new here in Forex. As far as I know, Forex is not legal in Malaysia but there you go, you guys are doing fine now and making some money out of Forex. I would like to do some investment in both Stocks and Forex but Forex grab my attention more. Just like Stocks, they have brokers. Can anyone suggest some reliable Forex broker in terms of cash in and out and etc? You can list out 1 or 2 of it so that I can do some research on them.

P/s: This question might be raised out by someone before in this group but I would rather know the answer by asking again than reading all the versions. I am new in this forum as well.

Your guidance is very much appreciated by me and other beginners out there.
Thanks!  cool2.gif  thumbup.gif
*
Depends whats ur capital .... i will leave this to the others to answer u rclxm9.gif

WARNING : Say NO to INSTAFOREX whistling.gif
vergil88
post Jan 18 2016, 02:11 PM

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QUOTE(dembaba9000 @ Jan 18 2016, 02:05 PM)
Y not go up? Oil Investors have to go some where?
*
cry.gif oil going to go down tonight once US market open
aviera
post Jan 18 2016, 02:36 PM

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QUOTE(vergil88 @ Jan 18 2016, 02:02 PM)
why so?
*
Err...actually I am asking if anybody thought that gold prices is going down...was thinking to open SELL!!
aviera
post Jan 18 2016, 02:37 PM

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QUOTE(13aby @ Jan 18 2016, 02:06 PM)
Depends whats ur capital .... i will leave this to the others to answer u  rclxm9.gif

WARNING : Say NO to INSTAFOREX  whistling.gif
*
Why not instaforex? got any scam case??
13aby
post Jan 18 2016, 02:38 PM

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QUOTE(aviera @ Jan 18 2016, 01:57 PM)
Hi,

Gold going down this week? Any thought??
*
QUOTE(vergil88 @ Jan 18 2016, 02:11 PM)
cry.gif  oil going to go down tonight once US market open
*
How u know?
aviera
post Jan 18 2016, 02:42 PM

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QUOTE(13aby @ Jan 18 2016, 02:38 PM)
How u know?
*
I did not say I know...just asking if anybody thought gold prices is going down
OmiCatFace
post Jan 18 2016, 02:47 PM

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QUOTE(13aby @ Jan 18 2016, 02:06 PM)
Depends whats ur capital .... i will leave this to the others to answer u  rclxm9.gif

WARNING : Say NO to INSTAFOREX  whistling.gif
*
Em... I might start off with 2-3k and then slowly go up the chart. anyone can suggest a broker that overall is user friendly and easier to handle and also cost effective in term of cash withdrawer and etc? if there is a good broker that might need a bit extra capital, can let me know too as I dont mind to invest a little more in it since this is an investment thumbup.gif
dembaba9000
post Jan 18 2016, 02:47 PM

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QUOTE(13aby @ Jan 18 2016, 02:38 PM)
How u know?
*
http://money.cnn.com/2016/01/16/investing/...tions-lift-oil/

This. Read somewhere their cost is only $1 per barrel, hell knows how far this could fall.
vergil88
post Jan 18 2016, 02:56 PM

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QUOTE(13aby @ Jan 18 2016, 02:38 PM)
How u know?
*
because US lifted Iran sanction yesterday. And this morning asian market open, the price dropped a fair bit already.
when the rest of the world market open, most probably will have even more reaction to that no? hmm.gif


Goodboy92
post Jan 18 2016, 03:00 PM

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QUOTE(OmiCatFace @ Jan 18 2016, 02:47 PM)
Em... I might start off with 2-3k and then slowly go up the chart. anyone can suggest a broker that overall is user friendly and easier to handle and also cost effective in term of cash withdrawer and etc? if there is a good broker that might need a bit extra capital, can let me know too as I dont mind to invest a little more in it since this is an investment  thumbup.gif
*
DONT OPEN AN ACCOUNT UNLESS YOU ARE PROFITABLE AT DEMO ACCOUNT ATLEAST

TO TRY THEN TRY 0.01lots which need less than 100usd to trade

Not sure how long you have been in the market of forex.

I am in for nearly 5 years and still not profitable - in demo account!

Some might be better but the fastest i heard was 1 year which most likely will be not true
13aby
post Jan 18 2016, 03:01 PM

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QUOTE(Goodboy92 @ Jan 18 2016, 03:00 PM)
DONT OPEN AN ACCOUNT UNLESS YOU ARE PROFITABLE AT DEMO ACCOUNT ATLEAST

TO TRY THEN TRY 0.01lots which need less than 100usd to trade

Not sure how long you have been in the market of forex.

I am in for nearly 5 years and still not profitable - in demo account!

Some might be better but the fastest i heard was 1 year which most likely will be not true
*
delete MT4 or others and continue ur life ... hahah just joking

This post has been edited by 13aby: Jan 18 2016, 03:02 PM
aviera
post Jan 18 2016, 03:23 PM

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QUOTE(Goodboy92 @ Jan 18 2016, 03:00 PM)
DONT OPEN AN ACCOUNT UNLESS YOU ARE PROFITABLE AT DEMO ACCOUNT ATLEAST

TO TRY THEN TRY 0.01lots which need less than 100usd to trade

Not sure how long you have been in the market of forex.

I am in for nearly 5 years and still not profitable - in demo account!

Some might be better but the fastest i heard was 1 year which most likely will be not true
*
A bit of right but nowaday there is a lot of no deposit bonus Broker around. You can just pick one to test them out. If you profit you can withdraw it, if you blow it you have nothing to lose. Search around and check out their terms of conditions.
OmiCatFace
post Jan 18 2016, 03:25 PM

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QUOTE(Goodboy92 @ Jan 18 2016, 03:00 PM)
DONT OPEN AN ACCOUNT UNLESS YOU ARE PROFITABLE AT DEMO ACCOUNT ATLEAST

TO TRY THEN TRY 0.01lots which need less than 100usd to trade

Not sure how long you have been in the market of forex.

I am in for nearly 5 years and still not profitable - in demo account!

Some might be better but the fastest i heard was 1 year which most likely will be not true
*
sorry to hear that but that is quite a sad case to see... but I am using the Demo account now and has been with it for almost a month now while doing some research and studies on chart analysis. usually can get 10-20pips whenever I try the Demo in that day. I still havent really got the full confidence yet but I would like to know what is the choices I have now. Hopefully in the next 2-3months, I can start an account.

So, any ideas on the broker guys??
vergil88
post Jan 18 2016, 03:27 PM

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QUOTE(OmiCatFace @ Jan 18 2016, 03:25 PM)
sorry to hear that but that is quite a sad case to see... but I am using the Demo account now and has been with it for almost a month now while doing some research and studies on chart analysis. usually can get 10-20pips whenever I try the Demo in that day. I still havent really  got the full confidence yet but I would like to know what is the choices I have now. Hopefully in the next 2-3months, I can start an account.

So, any ideas on the broker guys??
*
rclxms.gif rclxms.gif wow great job if consistently profiting in demo account

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