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 Forex version XVII, Foreign Exchange Market Discussion

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Macau
post Apr 16 2016, 03:03 PM

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QUOTE(hehe86 @ Apr 14 2016, 06:02 PM)
I need to break the 2% rule only if i trade cross pair like GJ/EJ etc. Hmm... still even if my system is 80% right, i will never know when i will hit the 20% with 5% risk...

Thanks for your help! I guess my safest bet is to increase my capital then....
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I'm very "kiasi", I just risk 0.6% for those 20% bad times.

My goal is also very simple -- the gain per week is higher than the drawdown.
So, my profit is small but more importantly the loss also very small.


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This post has been edited by Macau: Apr 16 2016, 03:05 PM
Macau
post Apr 16 2016, 03:22 PM

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QUOTE(shenshenshen @ Apr 15 2016, 01:56 PM)
interested to join FX trade. but not sure which broker to go for and trsutworthy. any recommendations?
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I'm using a Singapore broker.

Pro:
1) Safety of fund.
2) Licensed and regulated by MAS
3) Reasonable tight spreads - average spread for EU is 1.6 pips
4) 100% STP, no interfere of trades

Con:
1) Account opening procedures quite tedious due to their "kiasi" compliance department.
2) Min funding is 1000.

Macau
post Apr 17 2016, 12:15 AM

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QUOTE(brotan @ Apr 16 2016, 04:09 PM)
What's the broker name?
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KGI Ong Capital - http://www.kgieworld.sg/en/

If you need guide on their 'kiasu' account application rclxub.gif , you may contact Alex at alex.koh@kgi.com. This young guy is quite helpful.

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Macau
post Apr 17 2016, 12:17 AM

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QUOTE(2fashioneyewear @ Apr 16 2016, 05:35 PM)
Seems nice, which time frame to trade?
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I trade by using M30 charts.
Macau
post Apr 17 2016, 10:57 AM

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QUOTE(brotan @ Apr 17 2016, 08:21 AM)
Thanks

Btw the leverage max 1:50?
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Yes, this limit applies to all MAS regulates brokers.

Personally leverage is not my concern, because my lot size is small.
50x or 500x makes no difference to me.

This post has been edited by Macau: Apr 17 2016, 01:00 PM
Macau
post Apr 18 2016, 10:00 PM

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QUOTE(brotan @ Apr 18 2016, 09:46 PM)
3 hours later

[attachmentid=6415825]
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rclxms.gif rclxms.gif

49 trades in less than one day!! I trade with the help of EA also can't done so many trades.
You are very geng, true scalper! notworthy.gif notworthy.gif
Macau
post Apr 18 2016, 11:18 PM

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QUOTE(brotan @ Apr 18 2016, 10:20 PM)
i am using EA
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Oh, sama sama kaki EA cheers.gif

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