This is probably a noob question.

What's the average monthly ROI that a forex trader makes here in Malaysia vs overseas e.g US?

You're the master already. Why need to ask us here?

I don't and have never traded hence the question.

I thought you're one of the big inverstor in FXUnited thread one? Summore invest 140k+?

That's investing. I don't trade.

Hi Expert,

Good Day. what software you recommend for trading? i heard lot software in the market may giving fake result to cheat on trade.

i tried Etoro before.

Besides, how's ur comment on joining any XXFX.

Thanks

Oh ok. Investors. Understand.

I think you're asking which IB is recommended is it? Most of us here using MT4, a very popular and common platform for traders.

If you're looking for IB then demolationz is here to help.

Jj, big no.

You are looking at it the wrong way. You were looking at USD but instead you should be looking at G and J. The Pound gained against the USD and it goes up. There were weakness in the YEN and therefore UJ went up. This shows you that USD is not the mover in these pairs but rather it was G and J.

If the movement was caused by USD, for example, USD weakness, then GU will go long and UJ will go short. If it was USD strength, the GU will short and UJ will long.

Just because both opposite pairs had USD inside does not mean it will claw at each other. You have to see which currency inside the pair is causing the movement.

This post has been edited by sleepwalker: May 26 2016, 09:57 AM

Oh ok. Thanks for the input

Thanks lot for advise. i heard some said MT4 also got trojan to fake result. so... just ensure we got the right source of installer right.

Just choose one of the reputable IB then download MT4 platform from their website. This would eliminate those trojan stuff. Just diff IB have diff sets of spreads when you buy/sell

I have been in this industry for almost 10 years but I never heard trojans faked the result.

The only results get faked is by human who edits trade history using pirated/hacked MT4 Manager or internal system; as such broker is scam, so they do "scam" work.. LOL

How many of you partake in PAMM accounts? What are the risks involved?

brexit is unlikely to happen due to corporate debt & bullish in the energy sector. cable is somewhat correlated to oil at the moment but dont take the correlation as a rule of thumb it can break or connect as concern arises or dissipates
eurostoxx rallied 2 days in a row, s&p also did the same

UJ is a carry trade instrument (so is EU), so you can use it as a risk on sentiment barometer as equities rallied
http://www.investopedia.com/terms/c/currencycarrytrade.asp

Which PAMM? Depend on the trader, some PAMMs are very lousy.

http://accentforex.com/

Check out market correlation table. Might help you.

This is a subjective question. Depends on trader themself.
For me, small account 100% is doable. Big account, 10%-30% would be good enough.