im sarawakian native

some brokers at bukit bintang.. those days.. painted bad name to forex
they claim their broker at overseas without a single proof. when i deposit at local bank. some malay name from Penang pop-up
i still remember their fixed spread was 20 pips on 4 decimals

trading the news is about seeing these 3 things - last month data, expected data (before news) and actual data (after news)
you have to pay attention to expected data coz this is the pivot point, the starting point
1) when news comes out as expected data - likely nothing happen coz its expected to happen, nothing suprising
2) when news comes out better than expected - likely GBP will go up. you want to know GBP go up or down u have to refer to GBP index not GBPUSD or pairs
3) when news comes our worst than expected - likely GBP will go down.

i use the word likely because you are trading pairs. if u ask me why GBP news comes out better than expected but GBPUSD going down, you have to look at USD how USD perform. if GBP produce good news but USD produce better news.. GBPUSD probably in sideways or going down

it has nothing to do with rate change or unchanged. its about what expected and what actually happen, then traders start from there to make decision to either long or short.

next time u ask friend their equity chart

deposit 1m and withdraw 500k + 500k looks like money laundering activities for me

they regulated by Vanuatu i only heard Vanuatu from Survivor series didnt know that was a country
anyone deposit 1m to forex company in Vanuatu i dont know how they take that risk. either he is smart or purely mis-informed
but they are mostly not operate in Vanuatu, they can be from Malaysia, when i google.. igofx and igofxmalaysia on the same page

equity chart at igofx website, thats conflict of interest. equity chart from myfxbook or MQL5.. yes

Mocazfx, UMOFX, LiteForex are bucketshops belongs to Malaysians. A lot more out there we didnt know

normally broker dont display theirs traders equity chart unless its a PAMM or copytrades. they can manipulate the equity charts.
Equity chart from independent website like myfxbook and MQL5 is genuine one

Have you heard of this joker name Hafizat Rosli or whatever his name is, claim he make millions from forex at the age of 24
And charge people 50k for forex class.. still peoples fall for that
Those claim his students raked thousand of pips, post screenshot of thousand pips on social medias
Until they show their equity curve.. they all scammers and con artist. Still peoples fall for that

GBPX in MT4 i dont know if your chart have this

IGOFX show clients 500k + 500k. thats should be confidential
if someone show me that, i will ask him his trading history how he get that
i can deposit 10k today and tomorrow i withdraw that 10k and claim i make 10k in just 1 day

As people investigate, this Hafizat got his wealth from scammed HYIP and he is one of the scammers

This chart show how easy to make money in trading without even analyze the market, there is only 1 trend here. There are 2 only two events in 6 years that can shake up your strategy. Other than that, you can make thousand of pips every months. All you have to do just follow the USD. When something big hit the US, just stay away.

this guy is good based on equity chart. the drawdown 30% is acceptable since he got hit by crude oil slump and everybody does
but his trading history is private and only accept IGOFX, theres come the doubt

1) swing trade on USD instruments
2) day trade on forex pairs

pulut dont post screenshot like hafizat rosli. post the equity chart or atleast a proof that no open position

nvm i thought live

delicious sticky rice

sometimes.. when i find neteller seller. they are honest ppl
they have big forex section most of them are IBs, discuss about martingale, most of the times talk craps. nothing constructive discussion happen there
great forum for IB just that

most of the top posters are IB looking for fish

yeah most of the constructive trading strategy there ended up with someone create EA with martingale
and then its the thread stop and dead

so hard to find a constructive forex forum these days where u can develop new ideas
those in forex factory flooded with old schools traders with their MA cross and whatever lagging indicator they have, and their statistics and math formula
makes trading looks very complicated

as i am studying forex for many years, and being a seasonal trader
i witness a lot of changes, forex market change too fast
people that open their chart and attach MA or RSI or Stoch or any built-in, they are left behind. they learn from the hard way. this kind of traders still exist alot in FF forum. its not they not good but they are old school. its like a grandmother with a typewriter
then come the ages with naked trading and price action trading. people believe its a new things, the marketer and forex educator rebrand it like Nial Fuller
he makes a lot of money with teaching price action trading. does his students make money too? i dont know

and then come VSA, basket trading or whatever they call it naked trading
"naked trading works.. please dump all the indicators.. blablabla.. here i teach u for 90 dollars a month"
those sifu they make money a lot, but i dont know if their students make money too

now.. PAMM and copy trading or mirror trading. this is powerful tools and have a lot of potentials

1) Nowadays many brokers offer indices (SP500, Dow Jones, NASDAQ and other countries indice). thats more PROFITABLE and easy to trade
Holy grail is not on strategy, its on instrument itself. study its move and design strategy based on the moves

2) Copy trading. you can copy their trades or you can trade their equity / position, or both

3) Blackhat. I keep it for myself

EURUSD is going crazy. manage to GTFO with 12 pips

I told u man, all of them are bucketshop