sudah masuk? just now missed the turning point...

This post has been edited by Fork: Feb 26 2016, 09:38 PM

The price seems like going upwards for daily chart. Perhaps it will move lower when it hit resistance level of 0.73618.

The movement trend looks very choppy for me.

My support level for AUDUSD is 0.69375.

My trade view is buy when the price move to my support level

This post has been edited by Fork: Feb 26 2016, 11:14 PM

Right on cue

Masuk lagi

Sell signal confirmed for GBPJPY

I'm in position

Market pulled back

Lol, mau naik pigi mana???

Lucky dah tp...

Terrible carnage for many traders out there...

Bear mode

Price koreksyen konpermed...

Sudah slow... tp already

Market pulled back once again... no hope for Bear now

Have to wait Fed hike...

Gotta stay out from eur/usd until support & resistance is formed

Found a sweet spot

There are some brokers who can provide 1:500 leverage, so people who are interested in investing in forex can start up with a small capital.

The risk are more or less the same if you are going to start with a higher capital. If your start up capital reach certain boundry then the there will be lesser leverage given to u, i.e. If you have made a deposit of 100k USD, u can no longer trade with 0.01 lot, you have to trade with 10.00 lot.

There's nothing wrong with opening an account using 100 dollars. But will you want to slowly grow your account given that your return is roughly 10% monthly which is 10$ per month? Or trade with a 10,000 account and gain 1000$ per month?

That is entirely up to your interest in forex. For educational purpose or take a chance.

Also, the market is extremely volatile. Some broker only provides smaller pips for the currency pair (price movement of 0.00001) or larger pips (0.0001 price movement) but the catch is that the larger pips brokers often do not provide big leverage, which means your lot size have to increase for each trade, so ur account will burn out faster with ur 100$. So choose ur broker wisely and know what type of account they are providing.

If u r going to open an account, dont bother ur broker who keep asking u to deposit more $$. U must maintain ur status quo, or else u will burn ur $$ faster.

Have a good read.
http://www.investopedia.com/ask/answers/06...andpipvalue.asp

This post has been edited by Fork: Mar 12 2016, 08:47 PM

Hi, it's possible to earn side income as a forex trader, but it would mean unstable income. U should think of it as an alternative investment other than FD due to it's potential of higher returns.

Think about how u grow ur $$ instead of treating it as ur only source of income. I believe many of us in here still have a job to support their lives.

Try to have a read on how market works, tune into news and economical calendar.

Try to read our posts if u can, maybe u can find out how we trade.

This post has been edited by Fork: Mar 13 2016, 12:32 AM

To be honest, i dont really go by the book. The details r too extensive that u will have hard time to comprehend.

So, assuming u have $150 and ur broker can let u trade 0.01 lot. Will u open a trade with 1.00 lot? With such volatile market? It could burn up in the first few minutes.

U could have probably used 0.15~0.30 depends on ur risk appetite. So in turn u can survive for 120$/0.15 lot which equals to roughly 600~700 of price movement (0.0001) before the price return to ur favourable direction.

As u move on to get a larger account, u can trade bigger lot. Assume u have a 12,000$ account, with the above formula, u can probably trade with 15.00~30.00 lots, but maintain the same exposure of risk which also subject to 600~700 price movement before it turn into ur expected direction.

U can memorize by the gut. It is just common sense anyway...

This post has been edited by Fork: Mar 13 2016, 03:33 PM

Interest rate decision for Fed is today.