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 Forex Version 20, Foreign Exchange Market Discussion

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Supreme1394
post Nov 20 2017, 09:59 PM

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QUOTE(Goodboy92 @ Nov 20 2017, 09:02 PM)
I dont have a full time work , but current driving grab as a income with a new car but not worth so advice dont ever buy a new car just for grab .

changing strategy was my strategy so far haha ( i trade no indicator < wasted 3 year of time on indicator , whatever you can combine haha )

i now on track , so see how the trade goes.
EU - up , GU - up , UJ - sell , Gold - up , GCad - up .

my approach keep changing until now , so i could change it in the future.
( without indicator i would say i change the way i look at the market with new insight which was more of a update of strategy and not `change` )

for now would be cant explain because it was my strategy , and it cant be explain also
somewhat buy at retrace , sell at top

it was how i define a end of retrace / end of top. ( i am not catching the end )

just see how the trade go.
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You got PM-ed, hope it helps you as it has helped me. Keep it a secret yea.
Supreme1394
post Oct 15 2018, 02:47 AM

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QUOTE(GymBoi @ Oct 15 2018, 12:35 AM)
Thanks for reply, how do we know they are spot forex brokers? So they are similar to those black 4d guys I guess? They "eat" our money?

I see that they also trade on MT4 which is very common? How can they control my money (assume I have the skills) I mean how can they be different than others? I mean if I lose, I lose anyway. If I win they can don't give me money? =/
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Go with ICMarkets, reputable and regulated
Supreme1394
post Nov 13 2018, 07:36 PM

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QUOTE(Goodboy92 @ Nov 13 2018, 07:33 PM)
You are so brave to quit working at 30 , and dont go work for 3 years , with your previous working experience you should be able to find a job .

Throw all indicator they wasted 3 years of my time.

@Supreme1394 , do you want to share him your strategy?
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My strategy all keep failing haha, but now im using fibo strategy on a demo account, got it from 5k to 9k usd in 1 month. Now testing on real account, if gooding I share with you later first.
Supreme1394
post Nov 13 2018, 08:58 PM

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QUOTE(ForexMaster1288 @ Nov 13 2018, 08:54 PM)
Are you using Fibonacci Retracement? If it is, there are free EA for Fibonacci Retracement, you can just use it instead of trade manually. Did you compare the EA with manual way?
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Yes fib retracement, done manually. This kind of thing gotta use eye to see the strong price turning points, so I don't use ea.

This post has been edited by Supreme1394: Nov 13 2018, 08:59 PM
Supreme1394
post Nov 13 2018, 10:21 PM

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QUOTE(ForexMaster1288 @ Nov 13 2018, 09:15 PM)
Thanks for sharing the info. Since you are monitoring the trend, it will be good if you can just run that EA on your MT5 and just give you indication when to go in or exit, so that you can compare and see whether it works well for most of the time..

If yes, maybe you can share with us so that we can consider to use this EA for our trading, since it is free smile.gif
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What is the ea link? I'll try to compare but I'll give no promises.
Supreme1394
post Dec 13 2018, 03:25 PM

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QUOTE(elifen @ Dec 13 2018, 01:01 PM)
Hi all expert here,

I am a newbie in forex trading. had opened up 2 account last month with 2 different broker but the account no more active caused lost all the money (few hundred USD). I can see there is opportunity to make money trading forex. My question is what is the best way to transfer money back to my Malaysia's bank acocunt from foreign broker. I deposited money to my trading account using credit card and according to them the withdrawal will send to my credit card account. I did consult my credit card banker and they said credit card cannot use to receive fund. I am not sure they will reject the transaction or not. I also find out another way of transferring money, it is via paypal. I had setup my paypal account and can send or receive money from my banker and also funding or withdrawal from the broker account. The problem is the commission is too high. Paypal charge commission receive and send payment which meant i got to pay 2 times commission to withdraw money from broker to my Malaysia bank account. Please guide me on this matter. Appreciated with thanks.
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Use debit card to withdraw your funds, yes even your atm debit card works. I'm using ICMarkets, it has no withdrawal fees.

This post has been edited by Supreme1394: Dec 13 2018, 03:26 PM
Supreme1394
post Dec 24 2018, 12:23 AM

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QUOTE(Pappymag @ Dec 23 2018, 10:00 PM)
It is one of the weaknesses of all trading platforms is that you cannot withdraw your profits to credit card, only amount of money which you have transferred from card to broker. Frankly, I don’t think that it is due to brokers, but due to card providers rules.
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Icmarkets can,with no fee
Supreme1394
post Jan 3 2019, 08:04 PM

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QUOTE(#Victor @ Jan 3 2019, 07:55 PM)
Yea, burned and become dust now cry.gif
user posted image
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Scalping account? Any idea what caused the yen jump?
Supreme1394
post Jan 3 2019, 08:49 PM

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QUOTE(Ineedalaptopnow @ Jan 3 2019, 08:10 PM)
flash crash huh, nightmare of all EA traders. Though there is a way to protect most of your account against flash crashes. Just deposit 1/4 of your actual forex capital in the broker, leave the rest in your bank account. Increase your risk by 4x per trade to compensate for the low capital. When flash crash comes only 1/4 of the the capital will kena margin call, instead of the full account.


Supreme1394
post Jan 3 2019, 09:58 PM

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QUOTE(#Victor @ Jan 3 2019, 09:19 PM)
Are u one of the victims?
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What about you? That screenshot belongs to your account?
Supreme1394
post Jan 4 2019, 01:32 AM

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QUOTE(#Victor @ Jan 4 2019, 01:07 AM)
Just started new account not more than a week already burned into dust 😑
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Nvm next round can put 1/4 trading capital, 3/4 safety funds in bank to recover from flash crash.
Supreme1394
post Jan 4 2019, 06:06 PM

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QUOTE(holocauster @ Jan 4 2019, 05:46 PM)
I lost 2 accounts because of the flash crash.

Both micro accounts, running the same EA. One has $700+/-, the other $800+/-.

Not that much, but still, 6 months of patience gone just like that. Finally tripled my deposit, then the flash happened.

bye.gif
Alas, we start again. Dwelling on it won't do any good.
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Sad to hear, guess next time u gotta trade with 1/4 your capital, increase risk by 4x to compensate. Weekly distribute the gains/losses evenly across the remaining 3/4 of your capital in bank. When flash crash happens, divide your unburned 3/4 of the capital by 4 again, and restart. Ultimate way to safeguard your capital and gains.
Supreme1394
post Jan 18 2019, 04:24 PM

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QUOTE(wannoradzahari @ Jan 18 2019, 01:21 PM)
Hi sorry noob question. I'm just learning about forex, however I'm confused with the mechanism of the trading.

For example. When we are about sell EUR/USD, what are we actually selling? Are we selling our USD currencies in exchange for euros?
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A short position occurs when the first currency is sold while the second currency is bought. So you are selling eur in exchange for usd.
Supreme1394
post Jan 19 2019, 02:25 AM

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-deleted-

This post has been edited by Supreme1394: Jan 19 2019, 03:49 AM
Supreme1394
post Jan 19 2019, 03:49 AM

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QUOTE(wannoradzahari @ Jan 19 2019, 02:46 AM)
Ok. Now I am a bit clearer on that. Thanks for the explanation. Then, does this means that whenever we take a long or short position on whatever pairs; we are actually getting a CFD?
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My previous explanation might be a little wrong, spot forex and CFDs are actually different, but its easier to understand what spot forex is when you compare it to CFDs, and they share similarities. In layman terms, you just need to know that each time you go short or long, you're just betting which direction the pair is going to go, and profit off the price difference when the order is closed. You can google search forex vs cfds and see how their are similar and different.

QUOTE
CFD and forex trades are generally executed in the same manner in an OTC market under a decentralized exchange. Both types of trading don’t involve the physical transfer of the assets, as profit or loss are calculated based on the opening and closing prices. Because of these similarities, several brokers actually offer platforms that cater to both CFD and spot forex trading.


This post has been edited by Supreme1394: Jan 19 2019, 03:50 AM
Supreme1394
post Jan 20 2019, 02:02 AM

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QUOTE(paogeh @ Jan 20 2019, 01:53 AM)
withdrawal from IC market back to malaysia , usually how long it take ?

thank you very much
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after they clear your withdrawal within the same day or next, 95% of the time 3 business days to reach your bank, 5% of the time up to 10 business days.
Supreme1394
post Jan 20 2019, 02:08 AM

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QUOTE(paogeh @ Jan 20 2019, 02:06 AM)
thank you  ,
which one is better MT4 or c-trader ?
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I have never used ctrader before, so can't comment about it. I would advise MT4, because majority of custom indicators and EAs on the internet run on it.
Supreme1394
post Mar 13 2019, 05:36 PM

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QUOTE(fxhunter @ Mar 13 2019, 03:55 PM)
public bank.
Icmarket
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Use cimb bank with icmarkets, so far I have no problems
Supreme1394
post Oct 18 2019, 08:14 PM

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QUOTE(TradeMinim @ Oct 18 2019, 12:51 AM)
Hedging is powerful when used correctly smile.gif , the system I trade is based on Hedging on XAU pairs.
A lot of people has misconception about hedging and thought it's used to minimize losses but it's wayyy more than that.

It can help you get into big moves before they happen, and give you consistent results throughout phases.
Market Phase Hedging
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Hey man, I stumbled upon your thread in FF. I'm following with great interest, though its still a little hard to figure out your reasons for entry as of now. tongue.gif

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