Nothing wrong, good experience from you
if you are shy, pm me about the forex company Interested to know

A nicely written article. A little bit too long for Lowyat forumers to read, who will usually say TLDR whenever there is a long article.

I am keen to discuss further on personal finance with you, not because you are a woman, but because I am genuinely interested in personal finance.

This post has been edited by carrer: Dec 19 2015, 04:59 PM

KeroroQ - I cannot remember the company name I wish I did, can warn people from them.

Carrer - Whoops sorry forgot to put TLDR. Sure let's talk about PF. It's my fav subject <3

Mann... i read the whole article...

Everybody have their own version of forex journey.
Seldom i find same story. It's a matter how you start and (if) you end it.

If you end it you become 95% of the statistic.
The key is never give up never stop learning.

Yea, must avoid becoming the 95% lol . The key is to let others become the 95% first, then only its safe to enter the trade and become the 5% Of course, in order to see this in the chart gotta learn non-stop, not easy yo

This post has been edited by Supreme1394: Dec 19 2015, 10:23 PM

Interesting, the 95% majority must be buying USDs at this moment in time; but perhaps there could be the other 5% 'smart ones' who are shorting USDs at this moment...

---

How you guys manage to trade on small timeframe like 1 hour and below charts and have a reasonable win rate? dont you guys have 9-5 jobs? maybe possible to share your experience as a Day trader & Swing trader? im curious as the focus intensity for trading 1 hour chart and below is stressful and really takes away your mental strength to do it consistently, unless your Trading for a Living then there is a possibility to strike a good win:loss ratio..

To my understanding due to markets are quite unpredictable in the short term u need to be there almost 12 hours or even more to monitor the whole situation, u cant just say 'ok after my dinner im going to earn some pips during my night time lets just say 8.00pm to 11pm and there is a trade 'SURE' waiting for me'.. is that how u Day Traders or Swing Traders trade?

even thou u monitor during your day job, u r still going to experience stress as multi tasking and managing money at the same time is like going to your job and playing tennis at the same time, correct me if im wrong, juz curious that trading the short time frames consistency whether really works out as it seems.

From my experience, trading 30min chart is already considered very-slow (excluding rare occasions when the market is moving faster due to fresh news like the FED Rate Hike recently). But 1min chart can also be very-slow too (when the market is not actively trading during some hours). As for 1-2 tick charts, they are faster most of the time, but movement can rise or plunge in a very sudden manner.

When I trade in longer term charts like 30mins-45mins time-frame, I feel that I am missing out on the more minute market movement details (which are visible/displayed in the smaller time-frame charts like the 1min time chart). If I use an even longer time-frame chart such as the 1 day time chart, then I get to see a very long term "picture" of the market historical price movement, but I would not be able to see the more detailed market price movements that are displayed in the smaller time-frame charts then...

As such, I will say trade in smaller time-frame charts if you want to make quicker profits/losses (say to close your trade positions within few hours itself), & trade in longer time-frame charts when you are planning to go for longer term profits/losses (say planning to close your trade positions only after a full day or more)...

Very important to note is that you need to ensure that you have sufficient/enough margin remaining in your account in order to survive your trades (this is when the market is moving against you; or you can just decide to use a stop-loss to cut your losses immediately)... You must always ensure that you have enough deposit inside your trading platform account when you have active trades... (You need enough money & margin to cushion longer term trading unrealized-losses...)

I am not an expert yet.

First of all, I'm a full time trader, so I do have the time to monitor the market about 12 hours a day. But saying 12 hours a day does not mean I'm checking the charts every minute. I only trade M30 graphs which means I check every 30mins or so.

Assuming you follow my trading style, you would already have made notes on your computer's MT4 charts the previous night to indicate possible entry points for the next day. So all you have to do is to have a quick glance at your smartphone every 30mins while you're at work (and I guess your boss won't find out too hehe) to find out how the market is reacting to your possible entry points. If you find you need to make an entry, just spare a few minutes to calculate your lot sizes and SL and TP points then just set it and forget.

The trick is not to get too emotionally attached to the market by saying you must enter a trade each day or week. Even if you do miss your entry while at work, think of it as a learning oppurtunity as the market unfolds to tell you if you're right or wrong.

Even if you did enter and lose, its ok. Treat it as a learning experience because forex is not gambling. The market drops you subtle hints on which direction to go and whether your entry point are correct or wrong. Remember: the market is always right.

Just my humble opinion hehe

This post has been edited by Supreme1394: Dec 21 2015, 02:42 AM

First off, I'm a hybrid, I have swing entries and scalp entries but all comes down to one thing :
I have a system and plan that is time tested and gives me consistent profits from the market,
markets are unpredictable, that's why we MANAGE RISK. If you follow your trading plan, you should
not feel stressed out or emotion swings because you followed your system and plan. I mostly trade swings
because of the reason I entered the forex industry, to BUY more time and freedom for myself,
not to be tied down by gluing to the screen whole day, cheers

This post has been edited by KeroroQ: Dec 21 2015, 03:14 AM

Double posted, sorry

This post has been edited by KeroroQ: Dec 21 2015, 03:16 AM

I read the article... its more on personal journey.. which i believe that mostly went through the process.. maybe except the part work for Forex broker..

After reading, i think its just the tip of the iceberg....

If we wanted to write everything that is going on Forex environment to trading strategies...1000 pages is not enough to pen on.

but i like to give u a for the effortto write the article...

for the rest of the bottom iceberg.. u ask i answer to the deepest that i know..not strategy hahaha

well.. i think u gone through the hard way as well.. try scalp some pips but it took alot of your time to trade by monitoring the movement?

that part of after dinner there is sure some pips that is waiting can be true if u have define yourself as which trader..

I m scalper... a FM.... a FTT...

1 hour chart is the standard TF for a medium movement chart for slow and fast movement..
scalper might make 10pips in few minute during high voliativility or sometimes wait for good entry enter in 2-3 hours..

how u do it as scalper? training of course.. no short cut of it... swing is a method of calculation based on few indicators and money management of how much u can lose... how long u can tolerante of waiting to win and loses.

So if u guys trade below the 1 hour chart, how are you going to monitor a dozen pairs of markets or u just select a few to trade?

I mainly monitor EURUSD and sometimes AUDUSD. Trying to monitor too many pairs would lead to confusion, at least for me. I find that concentrating on just a pair or two greatly increases market perception or the "feel", lol.

those who wish to enroll in my fx class for 2016 batch can pm me for details

Wah annis got class

free kah?

ek, u dono meh? thought told you long time ago... not free.. got fees of coarse...

discount?

no discounts...but got some perks if enroll before year end
Christmas gift

This post has been edited by phat_mcjack: Dec 22 2015, 08:14 PM