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 Forex Version 20, Foreign Exchange Market Discussion

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e_X
post Oct 30 2019, 07:04 PM

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QUOTE(paogeh @ Oct 30 2019, 02:02 PM)
another questions pop up :
we always see ppl invest in stock , eg: Warren Buffet .
Ppl use this strategy to hold as long as possible to generate wealth .
Basically , buy blue chip and collect dividen forever .
when die , passed the blue chip to next kin .
wealth being built this way .

However , we dun hear such thing in FX , or options , etc .
how come ?

In theory , FX should amplify the wealth effect like the stock do .
in reality , i cant find any.

i can think off , carry trade in FX to collect swap daily . But this strategy is dead after 2008.
is it possible to build wealth in FX similar like KLSE/stock/blue chip/divien stock?
*
QUOTE(paogeh @ Oct 30 2019, 02:45 PM)
stocks -- collect dividen , this one straight forward .
Bonds - collect bond interest till maturity , got risk of default . Worse, hold till maturity and collect back principal.
options -- Can explain more how to collect interest/swap ?  The swap is juicy ?

*above 3 market , need huge capital , right ?
*
Are you comparing trading and investing?
e_X
post Nov 16 2019, 11:05 PM

On my way
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Junior Member
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Joined: Jun 2010
QUOTE(Archemedia @ Nov 16 2019, 11:01 PM)
user posted image
1st acc - 10k myr - blow

2nd acc - 5k myr - blow

3rd Account - 4k myr, first month profitable after change of strategy

This time using multiple indicators, look at market movement, candle.

Contrast between current strategy & my past attempt:

Current:
1. Entry very dependant on market movement and its supporting indicator
2. My indicators are just for reference, not to simply indicate YES/NO to an entry
3. Always have to adapt to current market situation, not only looking at past data.
4. Multiple point of views. Consider relationship between multiple indicators.
5. Relationship between indicators and market movement
6. Real time decision making. No certainty in making a trade until i have considered every aspect possible in my sight.
Old:
1. Pattern based. If meet requirement, straight-away enter trade.
2. Based on historical data. Doesn't matter i back-test how long, once test real time will fail  bangwall.gif .
3. No adapting to market changes/movement/momentum. Repeat same thing everyday.

tempting to go full time  hmm.gif

First time im doing things right. Took more effort, but overall im happy with the result rclxm9.gif
*
Which timeframe that you trade?
e_X
post Nov 16 2019, 11:07 PM

On my way
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QUOTE(Archemedia @ Nov 16 2019, 11:06 PM)
H4 & D1
*
You trade D1 and plan to full time? Just don't waste that time on the chart lor. You can do other many things.
e_X
post Nov 16 2019, 11:30 PM

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Junior Member
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QUOTE(Archemedia @ Nov 16 2019, 11:11 PM)
How leh, I need time to analyze chart...

I feel uncomfortable to look at chart in the office

so far i only trade on pc, maybe i should try and get used to trading on  phone/ipad

*Im trading 5 currency pairs right now, using same set of indicators
*
Just tell your manager you are part-time trading (like I did) it will be ok as long as you finish your work, looking at the chart is better than playing phones and games.

Just don't full-time trader until your capital is big enough (this will be hard to reach if you only depends on saving and trading profit) trade for a living and consistently making profit year after year.

"Full-time trader" is just hype for a mentor/instructor/coach because they make money on teaching. You can do so many things besides trading if you trade bigger timeframe, spend time on family, take care of your health, maybe open a small business, learn to trade stock, metals, oil, CFDs etc
e_X
post Nov 19 2019, 06:49 PM

On my way
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Junior Member
584 posts

Joined: Jun 2010
QUOTE(Archemedia @ Nov 17 2019, 10:39 AM)
I have capital to spare but many things to consider.
Many people throughout this forum talked about how XM is not suitable if having huge capital? Currently using XM.

*
If I were you, I will split the capital into couple of brokers exp broker A for spot forex and broker B for metal and oils.

But you were saying only trading 5-6 pairs, you can split your capital like broker A for 3 pair and broker B for other 3 pairs.

Never put your egg in one basket right, anything could be happening on broker nowadays.

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