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Forex Version 20, Foreign Exchange Market Discussion
Goodboy92
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Feb 14 2018, 02:12 AM
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Getting Started
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QUOTE(cmk96 @ Feb 13 2018, 11:55 PM) No forex broker are registered in msia... all are at oversea. No idea on plus500 and etoro... but XM sure can withdraw to msia. CMK96 , how was you doing?
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cmk96
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Feb 14 2018, 07:36 AM
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QUOTE(Goodboy92 @ Feb 14 2018, 02:12 AM) CMK96 , how was you doing? Not good... how bout u?
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malayo
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Feb 14 2018, 12:36 PM
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Getting Started
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How do you guys decide where to put stop loss and take profit?
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ironcrowz
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Feb 14 2018, 04:53 PM
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Getting Started
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Hi all pros, I've studied forex on my own for more than a year but has stopped recently due to constant losses... Though I'm still reading the market everyday..
I've tried advanced patterns and elliot waves, both gave around 30% win rate. How much is u guys' win rate? Not counting breakeven trades..
BTW what strategies u guys practicing currently?
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Goodboy92
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Feb 14 2018, 09:16 PM
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Getting Started
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QUOTE(cmk96 @ Feb 14 2018, 07:36 AM) i still learning demo , improving < was good for me
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viruz
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Feb 15 2018, 01:04 AM
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For Trading strategy, you guys can learn from here, it is in Chinese language though. https://www.youtube.com/channel/UCXaRXf15hgRE_2KxjDodLeQ
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poks
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Feb 15 2018, 12:50 PM
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QUOTE(malayo @ Feb 14 2018, 12:36 PM) How do you guys decide where to put stop loss and take profit? Some put 20, some 10, some dont even have stop loss.. It all depends on your strategy.. Or even your emotion when you trade.
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malayo
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Feb 18 2018, 01:05 PM
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Getting Started
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is it true that demo account intentionally make demo user trade successfully?
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lamode
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Feb 18 2018, 02:34 PM
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QUOTE(malayo @ Feb 18 2018, 01:05 PM) is it true that demo account intentionally make demo user trade successfully? too generic, this is like asking is it true that oranges are sweet.
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duplicated
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Feb 18 2018, 03:03 PM
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QUOTE(malayo @ Feb 18 2018, 01:05 PM) is it true that demo account intentionally make demo user trade successfully? Not true. It's difficult to be consistently profitable even on a demo account.
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malayo
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Feb 18 2018, 06:04 PM
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Getting Started
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QUOTE(lamode @ Feb 18 2018, 02:34 PM) too generic, this is like asking is it true that oranges are sweet. FXTM Demo-05
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1tanmee
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Feb 19 2018, 04:10 PM
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QUOTE(cmk96 @ Feb 13 2018, 11:55 PM) No forex broker are registered in msia... all are at oversea. No idea on plus500 and etoro... but XM sure can withdraw to msia. What does XM stands for? And I am also wondering on whether Plus500 can deposit/withdraw money
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cmk96
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Feb 19 2018, 04:34 PM
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QUOTE(1tanmee @ Feb 19 2018, 04:10 PM) What does XM stands for? And I am also wondering on whether Plus500 can deposit/withdraw money XM is a broker. Google it.
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1tanmee
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Feb 19 2018, 05:06 PM
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QUOTE(cmk96 @ Feb 19 2018, 04:34 PM) XM is a broker. Google it. Sorry, noob! Does XM allows deposit/withdraw from Maybank? I need a broker that allow such arrangement, as I find it most convenien
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juniorsia
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Feb 19 2018, 05:09 PM
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Getting Started
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QUOTE(1tanmee @ Feb 19 2018, 05:06 PM) Sorry, noob! Does XM allows deposit/withdraw from Maybank? I need a broker that allow such arrangement, as I find it most convenien Yes, it does
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cmk96
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Feb 19 2018, 06:41 PM
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QUOTE(1tanmee @ Feb 19 2018, 05:06 PM) Sorry, noob! Does XM allows deposit/withdraw from Maybank? I need a broker that allow such arrangement, as I find it most convenien Yes.
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duplicated
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Feb 19 2018, 07:52 PM
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Just wandering. Why doesn't anyone here trade crypto as an alternative to Forex?
For me, I am shifting to crypto mostly now because it has no broker-client conflict of interest (market maker).
Also the market is 24/7. You can trade even on weekends and there's no weekly gap like forex. Which sometime will cause you losses due to the gap especially when something happens during the weekend.
This post has been edited by duplicated: Feb 19 2018, 07:53 PM
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malayo
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Feb 19 2018, 09:02 PM
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Getting Started
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I trade on cex.io & binance. Crypto was my first trading experience and I seldom wonder why the heck I did not do trading before?
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cmk96
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Feb 20 2018, 07:52 AM
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QUOTE(duplicated @ Feb 19 2018, 07:52 PM) Just wandering. Why doesn't anyone here trade crypto as an alternative to Forex? For me, I am shifting to crypto mostly now because it has no broker-client conflict of interest (market maker). Also the market is 24/7. You can trade even on weekends and there's no weekly gap like forex. Which sometime will cause you losses due to the gap especially when something happens during the weekend. Me too... its much easier to trade crypto... my % of return is higher than forex.
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ironcrowz
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Feb 20 2018, 11:43 AM
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Getting Started
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QUOTE(sleepwalker @ Jan 25 2018, 02:56 PM) There is no surprise here. That is why we use 3 currency pairs to determine this. For example, USD/MYR has improved to 3.9.. you can't tel which of the pair has gone up and which has gone down. So you take another pair like EUR/USD.. which also shows EUR going up. Then you take EUR/MYR and realised that we are not gaining on EUR. This 3 pairs then confirms that it is the USD that is dropping and not MYR gaining against it. No surprise. By not gaining do u mean EUR/MYR is going sideways or up? Also, would u need to consider the magnitude of the move? Let say, if the EUR strengthens against the USD more than MYR does, EUR/MYR will be going up. Then, it's not that straight forward to conclude that it's the USD dropping?
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