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 Forex version XVIII, Foreign Exchange Market Discussion

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thedarktraveller
post Sep 18 2016, 11:18 PM

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QUOTE(jei1405 @ Sep 16 2016, 02:51 PM)
http://www.babypips.com/ will be good start
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QUOTE(OmiCatFace @ Sep 16 2016, 02:53 PM)
QUOTE(lowya @ Sep 16 2016, 04:12 PM)
i suggest u dont waste time on those things.

u will ended up getting lost in no where if u started by the time u finish reading all.

lost in the ding dong ideas of using colorful lagging concepts that only look nice looking back.

everything looks nice and convincing looking back in the forex chart, until you open your trade u will go 'this is not what was supposed to do based on what i have learnt' that's you oh-no moments you will experience lotsa times.

I tell u because i have tried everything possible in forex, in the end what i did was to unlearn all the rubbish and build my own strategy that works on the style that i wanted.

people package the strategies in many forms for commercial reasons, some are proprietary others are open but sold for profit.

it's a difficult journey for u as a newbie, because you looked around for those who reached there, even if you managed to find them, they don't have time for you, and don't need your money.

I have some spare time, so i wrote these. Ciao.
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QUOTE(4lenAngel @ Sep 16 2016, 05:45 PM)
I agree bout this, But u can go on learn about basics n indis stated there..
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QUOTE(AllnGap @ Sep 17 2016, 12:50 PM)
Biggest obstacle for a trader is not the market but himself.

You can't do shit on the market, just yourself and the system

What is yourself ?
1. Discipline
2. Pain tolerance
3. Money management
4. Stress management

System
1. Technical base
2. Fundamental
3. Both

Knowledge to turn your psychology of a normal person to become a trader however is not available. Lol
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Thank you fellow sifus for your insights. How was it like starting out? Did all of you learn by just checking out websites?
demolationz
post Sep 19 2016, 02:55 AM

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QUOTE(thedarktraveller @ Sep 18 2016, 11:18 PM)
Thank you fellow sifus for your insights. How was it like starting out? Did all of you learn by just checking out websites?
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After checking out website. Start mingle with community, like here. notworthy.gif

Start with strong foundation.
Develop your own technique or learn from others.
Mingle with community.

This post has been edited by demolationz: Sep 19 2016, 02:58 AM
paqralos
post Sep 19 2016, 10:04 AM

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QUOTE(MNet @ Sep 18 2016, 04:03 PM)
How to get 11%?
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This is different investment.
Are you interested? tongue.gif
happyflute
post Sep 19 2016, 02:13 PM

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Hi guys, may I know which broker would you guys recommend to use? I have some brokers in mind like tickmill, pepperstone, thnkforex, ic markets, vantage, global prime, but was confused by reading comments on them thru ff, myfxbook. Could anyone here willing to enlighten me on this?
cmk96
post Sep 19 2016, 03:25 PM

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QUOTE(happyflute @ Sep 19 2016, 02:13 PM)
Hi guys, may I know which broker would you guys recommend to use? I have some brokers in mind like tickmill, pepperstone, thnkforex, ic markets, vantage, global prime, but was confused by reading comments on them thru ff, myfxbook. Could anyone here willing to enlighten me on this?
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if you don't want to go bank for funding/withdrawal issues... use a broker with local depositor option.

no broker is perfect... at least find a regulated one.
4lenAngel
post Sep 19 2016, 07:51 PM

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Attached Image
4lenAngel
post Sep 19 2016, 08:02 PM

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Buy Setup Attached Image
4lenAngel
post Sep 19 2016, 08:07 PM

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Best Currency Pairs to watch this week..
1- EurUSD // USDCHF
2. EURJPY
3. GBPUSD

Golden Pair to watch - USDCAD

With Bank interest Rate decision, please make specific trade plans for these currency pairs , Especially USDCAD and u can earn huge profit. Regardless of the news DATA .
biggrin.gif
4lenAngel
post Sep 19 2016, 08:23 PM

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QUOTE(4lenAngel @ Sep 15 2016, 02:02 AM)
EJ SHort - MID SELL Setup

[attachmentid=7532300]
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Those who took this shorts ... Congrats WE are deep in the pocket.. now lets Cook the pips long again!!!


Attached Image
tzmon
post Sep 19 2016, 08:46 PM

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took this trade. Any comment?
Attached Image
4lenAngel
post Sep 19 2016, 08:59 PM

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QUOTE(tzmon @ Sep 19 2016, 08:46 PM)
took this trade. Any comment?
Attached Image
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The move from the low has been a simple ABC correction, with a tri for B. Nothing bullish about it yet. However the downtrend line going back to early August has been broken, so there may be a more complex correction up.
Maybe the Price action could retest the resistance at 1.0433 Good luck biggrin.gif

Attached Image

This post has been edited by 4lenAngel: Sep 19 2016, 09:12 PM
echothreealpha
post Sep 19 2016, 10:17 PM

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NZD has been rising highly since last week though, but you'll never know in this month.

Market is so volatile that it's fascinating. and dangerous. but fascinating!
demolationz
post Sep 20 2016, 12:24 AM

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QUOTE(happyflute @ Sep 19 2016, 02:13 PM)
Hi guys, may I know which broker would you guys recommend to use? I have some brokers in mind like tickmill, pepperstone, thnkforex, ic markets, vantage, global prime, but was confused by reading comments on them thru ff, myfxbook. Could anyone here willing to enlighten me on this?
*
Local depositor FTW. icon_rolleyes.gif
imthebrand
post Sep 20 2016, 08:18 AM

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Guys... what is leverage? Is it important? I tried google it but i cant seem to find a good explanation. If the leverage is 1:200 or 1:100 what is it mean?
paqralos
post Sep 20 2016, 08:45 AM

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QUOTE(imthebrand @ Sep 20 2016, 08:18 AM)
Guys... what is leverage? Is it important? I tried google it but i cant seem to find a good explanation. If the leverage is 1:200 or 1:100 what is it mean?
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multiple your balance. normally i set 1:500
demolationz
post Sep 20 2016, 08:48 AM

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QUOTE(imthebrand @ Sep 20 2016, 08:18 AM)
Guys... what is leverage? Is it important? I tried google it but i cant seem to find a good explanation. If the leverage is 1:200 or 1:100 what is it mean?
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This post has been edited by demolationz: Sep 20 2016, 08:50 AM
koonghx
post Sep 20 2016, 10:03 AM

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So, I think I asked something similar before..

I got method for currency exchange.

5% cheaper than market rate.

However, it's not cheap enough to directly sell to currency exchange shops to earn unlimited money..

Any other ways to utilize this 5% rate?

TQ!
SUSAllnGap
post Sep 20 2016, 10:04 AM

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QUOTE(thedarktraveller @ Sep 18 2016, 11:18 PM)
Thank you fellow sifus for your insights. How was it like starting out? Did all of you learn by just checking out websites?
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there are so many information and misinformation in the market.
it's a long journey to filter out which works and which doesnt.
thats why only small percentage of ppl make it.

are u willing to sacrifice 2-3years constant study, try-fail-sweat-tears ?
same goes to the saying only small percentage of ppl can come out from casino with profits and be consistent with it.

not to discourage you, but it isnt as what brokers' video showing
deposit > use indicator > profit > big car + pretty gf + yacht

if u are willing to pay the price, be resilient then and able to change yourself then u can go ahead
icyd
post Sep 20 2016, 12:13 PM

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hi all.i new into forex.i traded once last year and lost all my deposits.now starting again.i park here for good info


firewir3
post Sep 20 2016, 01:21 PM

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QUOTE(cmk96 @ Sep 19 2016, 03:25 PM)
if you don't want to go bank for funding/withdrawal issues... use a broker with local depositor option.

no broker is perfect... at least find a regulated one.
*
So anyone here got any recommendation of broker of local depositor and regulated one?Please share

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