Do they penalize players who uses Forex-scalping tactics (aka. scalpers)...?

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Anyone using fxpro.co.uk?

Is the withdrawer of profit with ease & fast in Malaysia...?

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Pls excuse my ignorance in here, but what is an EA? (Robot?)

So far I've only been trading manually, because that's the only way I know lol...

OK thanks mate.

Comparing Forex to trading Binaries; from my experience, trading Binary (e.g. playing 60 seconds trade) is capable to yield much more profit in a shorter period of time as compared to Forex; but trading Binaries is also quite a lot more risky IMO... In comparison, Forex is rather slow-paced most of the time IMO (exciting sudden ups & downs are rare & only last very briefly)... Trading Binaries certainly makes me far more tense with far more anticipation than Forex (because the win or loses are much bigger under a much shorter period of time)...

For example, just now I was trying a more extreme scalping tactic in Forex (by buying/selling 100,000 units & using 1-2 tick charts), but it was still slow paced compared to trading Binaries IMO... I generally made or lose around $10 only in Forex around couple minutes or so, but in Binaries trading, I was making & losing more than $100 per one minute trades (it was my very 1st time trading Binaries though)...

Forex is now considered to be "very safe" when compared to trading Binaries IMO (before that, Forex was thought to be risky to me, but now it becomes the more conservative option for me; much slower in profit making but also much safer than trading Binaries)...

But of course, if one wants to talk about being the safest, then putting all your money into bank FD (& getting just that few bucks of interest per month) is going to be the absolute safest of all then...

This post has been edited by kEITh_22b: Nov 13 2015, 07:45 AM

I wonder is there a way to check the "volume" of a currency (how often it is being brought & sold) in Forex? Is there an indicator to show an increase/decrease in "volume" of a specific currency in Forex? For example, an indicator that can show a specific currency losing/gaining interest from investors in the Forex market at a given period of time...? (e.g., a higher "volume" means there is more interest...)

EDIT: I think I have found the answer(s) to my own questions;

http://fxtrade.oanda.com/learn/intro-to-cu...is/candlesticks

http://www.babypips.com/school/elementary/...andlestick.html

Happy trading everyone.

This post has been edited by kEITh_22b: Nov 20 2015, 04:15 AM

Really...? I'm not sure where to look for volume indicator...; I'm using cTrader platform FYI...

OK noted.

I haven't started using oscillators nor any other form of indicators yet...

I've been trading using mostly 1min - 30mins line-charts only (zoomed all the way out) thus so far... When I used candlesticks I need to zoom in at-least 75% into the charts to study them...

Opened a real account recently...

Happy trading.

This post has been edited by kEITh_22b: Nov 21 2015, 02:53 AM

Wondering if anyone in here experienced their Forex account being disabled by the broker issue during - after the time the FED increased the rates?

My FxPro account has just been disabled - while I was in the mist of profiting thousands of USDs during & after the FED increased the rates... Now I have requested FxPro to reactivate my accounts; the status is currently "pending"...

EDIT: The issue has now been resolved.
It must have been a technical issue/glitch...

Happy trading everyone.

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This post has been edited by kEITh_22b: Dec 18 2015, 02:42 AM

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...

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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.

For now - the near term future (my 2-cents outlook)...;

EURUSD: The bears have already started plummeting the bulls back down very hard it seems... (Seems bearish, but the bulls might have a new plan to sabotage the bears; but maybe just for a while only...)

USDJPY: The bears were having a jolly hard time pushing back the sleeping bulls for days already (so it was just a very gentle but painful & bloody slide down 18-Dec onwards on average), but just now the bears really managed to kick the bulls back down by just an inch; but right now it seems that the bears are no longer able to push the bulls down any step further... (Looks like it is just going to hang in there until the new US-data bulls comes in 2016 to perhaps bulldoze these bears upwards again...)

AUDUSD: The bulls have formed their rock-solid formation upwards for days, but just now the bears somehow managed "by the skin of teeth" to escape & hit-hard at the bulls; chopping off a significant piece of strong rock formation, but the bulls are now reattempting a pullback on their strength... (So now the bears are laying in wait for the bulls "to run out of steam" when they hit more resistance as they climb higher; then the bears plan to carry their angry run down with the force of gravity onto the bulls in a stampede...)

NZDUSD: The bears kept showing how deadly dangerous they really are, but the bulls stick to their discipline & unity & has managed to march on in quite a steady progress so far... But the bears knows the bulls' weakness & know that the bulls are secretly getting weaker & weaker as they are still marching upwards in an orderly fashion but meeting with increasingly vast amount of difficulties that could stumble their progress anytime... (Once the bulls gets too weak into 2016; they could be sabotaged by the bears down violently; but the bulls will nonetheless still put up fight with the bears as they fall down; even-though it will be a loosing battle...)

GBPUSD: The bears doesn't seemed like they even needed to put on a real fight at all ((ever-since from the 12th-Dec 2015 onward); because the bulls were all really cowards, & they literally just ran away just at the plain sight of the bears-laughing; it was such a really easy battle (& dunno how long more can this easy fun go on/last until the GBP governor will have to substitute their current bulls for much stronger species to fight with these bears more readily)...

Just my 2-cents forecast/outlook of the currency pairs above (based on fundamental & technical analysis)...

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This post has been edited by kEITh_22b: Jan 1 2016, 06:11 AM

EUR/USD Intraday: under pressure:

Pivot: 1.0865

Most Likely Scenario: short positions below 1.0865 with targets @ 1.078 & 1.0755 in extension.

Alternative scenario: above 1.0865 look for further upside with 1.0895 & 1.094 as targets.

Comment: the RSI lacks upward momentum.



GBP/USD Intraday: key resistance at 1.4755:



USD/JPY Intraday: the upside prevails:



AUD/USD Intraday: key resistance at 0.724:



Source: FxPro (Trading Central) - Pre European Open, Daily Technical Analysis (Tuesday, January 05, 2016)

This post has been edited by kEITh_22b: Jan 5 2016, 04:08 PM

FX trading signals (technical analysis) for your reference:

http://www.investing.com/currencies/nzd-usd-technical

*Use at own risk.

Happy trading.

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FX trading technical analysis for your perusal;

https://www.tradingview.com/chart/USDJPY/

*Follow at own risk.

Happy trading.

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Coming Monday will most probably see the USD currency pairs trading "sideways" 1st...

Then if the US Federal Reserve starts sounding more uncertain about the future interest rate hikes (or might even consider lowering the interest rate back down); then we will see the USD getting even weaker & weaker...

But if the US FED starts to sound positive about a rate increase (say in the coming month of March); then we will most probably start to see a rally in the USD once again (it will start to get progressively stronger)...

Gold & oil price movements will also be greatly affected by the USD... (Both commodity price would be suppressed if USD gets stronger, but they will gain if USD gets weaker...)

Canadian dollar & our MYR are greatly sensitive to the oil price movements...

P.S., I'm not sure how many people/central banks would be thinking about buying USDs at this point in time, since the USD has already dropped so much & might be an attractive buy... (Because the FX market can be affected by such a movement currently)...

USD has weakened a lot, but it has the potential to be weakened even further... On the other hand, since the USD has already weakened so much; it might be time for it to start getting stronger once again...

This post has been edited by kEITh_22b: Feb 7 2016, 12:30 AM

Currently, the market sentiments are as follows; not really much changed (except for NZDUSD & AUDUSD pairs) as compared to before the New York market session opened at 9:00PM (the past Friday);

USDCHF: 81% in Long position, 19% in Short position

USDJPY: 78% in Long position, 22% in Short position

EURUSD: 34% (was lower) in Long position, 66% (was 76%) in Short position

NZDUSD: 52% (was much lower) in Long position, 48% (was 75%) in Short position

AUDUSD: 59% (was much lower) in Long position, 41% (was 72%) in Short position


What goes up must quickly come back down or what goes down must certainly come back up ; this happens almost like 75% of the time in Forex!

What goes up remains up there or what goes down remains down there almost permanently; this often happens like only 25% of the time in Forex...?

This post has been edited by kEITh_22b: Feb 7 2016, 10:56 AM

If anyone interested to be really prosperous & showered in PIPS, then can consider trading the following currencies (although the fun is already more or less over; because it was really seriously happening/crazy at the start of the year for these pairs);

USDZAR
USDMXN
USDRUB

EURZAR
EURMXN
EURRUB

Happy trading.