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 Forex Version 20, Foreign Exchange Market Discussion

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e_X
post Jun 25 2019, 08:00 PM

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Anyone here trade forex for prop firm here?
e_X
post Jun 25 2019, 11:16 PM

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QUOTE(cmk96 @ Jun 25 2019, 10:19 PM)
Looking for a job? don't waste time. there are none.
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How come you are so sure?

e_X
post Jun 25 2019, 11:56 PM

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QUOTE(cmk96 @ Jun 25 2019, 11:52 PM)
Forex is not legal here. Where got prop firm offer forex?
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So bank trade what?
e_X
post Jun 26 2019, 12:47 AM

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QUOTE(blurcase @ Jun 26 2019, 12:25 AM)
http://www.bnm.gov.my/microsites/fraudalert/0203_forex.htm

Only banks are legit. Feel free to clarify with them as they are the authority in this matter.
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Thanks, but I was asking about anyone here trade in a prop firm (if Malaysia illegal overseas then) or maybe real bank trader, nowadays trader can trade anywhere remotely.
e_X
post Jun 26 2019, 03:30 PM

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QUOTE(cmk96 @ Jun 26 2019, 07:28 AM)
Prop firm and bank are different. No prop firm offer forex in msia. If there is... U let me know.

U were asking about prop firm trader earlier. Now u jump to bank trader.

Get your question right.
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I'm sorry my mistake.

I mean I was looking both, real trader that have very tight risk/money management and not just retail trader that trade his own capital.
e_X
post Jun 28 2019, 06:28 PM

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QUOTE(duplicated @ Jun 28 2019, 06:07 PM)
Prop firm is a company that offers you margin/leverage and let you use their money to trade. Sometimes they offer training and sometimes not.
I know there are stock prop firms in Malaysia but forex I have not heard (why you need prop firms when you have 100x leverage?).

As for a person who manages other people's money, yes there are, but they do it illegally. For example, your uncle gives you money to invest on behalf of him, based on trust.
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I know broker offer 100x or more leverage but I don't have capital that big enough trade for living even I can do consistently make 20-30% per year with 10K USD capital hardly to feed myself.

Nevermind I just keep looking maybe outside Malaysia.

This post has been edited by e_X: Jun 28 2019, 06:29 PM
e_X
post Jun 28 2019, 08:31 PM

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QUOTE(Pixel_ @ Jun 28 2019, 07:42 PM)
Leverage doesn't matter, unless your trading system uses bigger risk. How's your system's drawdown?
Consistently 20% rclxms.gif Could go for trading funds (FTMO)
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Not more than 5%

I just check the FTMO site, the challenge is for 30 for 10% profit (120% a year, just insane ). They make money on fees obviously.

Try check this site, it's more realistic.

https://the5ers.com/get-started/evaluation-plans/

e_X
post Jul 1 2019, 02:58 AM

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QUOTE(johnnyzai89 @ Jun 30 2019, 04:51 PM)
yeah FTMO is pretty hard to achieve.. you will need to have super consistent results
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They using their simulator with demo money in the 30 days challenge.
e_X
post Jul 3 2019, 11:52 PM

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QUOTE(duplicated @ Jul 3 2019, 10:37 PM)
Try Collective2 or Fundseeder or PAMM account on MyFxbook.

If your performance and track record is good people will invest/follow you.
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Thanks will check those 2 but will skip Autotrade on MyFxbook because they pay based on pip/spread per winning and you will need plenty of subscribers to earn more.



e_X
post Jul 12 2019, 08:45 PM

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QUOTE(RockStar05 @ Jul 12 2019, 11:17 AM)
Alright... Can recommend anyone who does workshop for this? Would like to learn/study and give a try.

I saw some in FB. But takut scam....
Thank you
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Try demo account first.
e_X
post Jul 15 2019, 09:21 PM

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QUOTE(Alan Andrews @ Jul 15 2019, 09:02 PM)
Counter-trend / reversal traders might be interested in the beautiful MACD triple convergence pattern forming in the GBPCHF daily chart. I don't usually post trade ideas here but this is a rare opportunity that shouldn't be missed. Please note that this is a counter-trend trade suggestion. Hence, it would be wise to scale-in your buy orders with each dip. Less is more. Good Luck..!!  smile.gif
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Everyone trade reversal and only few one trade the trend. Even most indicator is build for reversal.
e_X
post Jul 16 2019, 11:16 PM

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QUOTE(Alan Andrews @ Jul 15 2019, 09:37 PM)
"The trend is your friend except at the end where it bends"    smile.gif
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QUOTE(johnnyzai89 @ Jul 16 2019, 08:03 PM)
did you hit the buy for GBPCHF? smile
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I think it not bends enough cool2.gif
e_X
post Jul 22 2019, 05:56 PM

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QUOTE(lowya @ Jul 22 2019, 12:13 PM)
trying out new strategy for pre-london open trade:

EURCAD
long stop 1.4656 (open if and only if bid above this level)
sl 1.4652 (yes only 4 pips)
tp1 .4668 (1:3)
tp2 1.4688 (1:8) yes crazy reward.
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Did your po trigger?
e_X
post Jul 22 2019, 07:00 PM

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QUOTE(lowya @ Jul 22 2019, 06:30 PM)
earlier when i check no euro news today i canceled it already, overlooked this a bit.

better wait for US session to trade CAD pair. Most avoid monday or newless days.
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Oh you are news trader.

I know some people do trade news with full margin the ratio very good if a winning trade like 1:5/6
e_X
post Jul 22 2019, 09:02 PM

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QUOTE(lowya @ Jul 22 2019, 08:59 PM)
for now best to long GBPCAD.
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If it meets your set up just go for it and follow your rules.

I just don't trade news (not all) and reversal, it a big downtrend over there on D1 timeframe.

This post has been edited by e_X: Jul 22 2019, 09:04 PM
e_X
post Jul 23 2019, 08:18 PM

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QUOTE(lowya @ Jul 23 2019, 08:16 PM)
the reason i post trades like this is to see any trader seeing what i am seeing, on market timing and pair selection.
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Which timeframe that you trade, not everyone trade same as you do.
e_X
post Jul 23 2019, 08:48 PM

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QUOTE(lowya @ Jul 23 2019, 08:33 PM)
mostly looking at 5min, but screentime is only need 10 mins per trade (anything extra is purely for analytical purpose).
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How many signal you get per day?

I just need 20-30 min a day before US market closed and only trade daily timeframe. I just don't want to waste my time on chart just like I'm starting trade forex many years ago.
e_X
post Jul 24 2019, 01:33 AM

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QUOTE(johnnyzai89 @ Jul 24 2019, 12:12 AM)
Daily tf is very boring though.. but i guess for a swing trader it's fine

if you are doing this ft, then it gets pretty boring
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One day you will realise that have chart in your face for every minute and hour is not worth your effort and time. In the end its how you make ROI per year.

e_X
post Jul 24 2019, 06:31 AM

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QUOTE(johnnyzai89 @ Jul 24 2019, 02:23 AM)
hmm it's not entirely true.. it depends on your personality as well

oh wells.. to each their own
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Then stop tell other people method "boring" if my reply offends you.
e_X
post Jul 24 2019, 08:51 PM

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QUOTE(Feliex @ Jul 24 2019, 04:05 PM)
Really nice setup bro  notworthy.gif

Btw, I also SHORT for EURGBP

Nice setup at Weekly
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Short on last Friday.




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