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Investment Forex Version 21, Foreign Exchange Market Discussion

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Lucas0323
post Oct 16 2020, 02:37 PM

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Last day of the week. Trade carefully. Btw why so many ppl keep checking those unknown forex brokers? Aren't those big name brokers enough for u guys?
Lucas0323
post Oct 17 2020, 01:14 PM

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Seems like no one sharing chart here eh
Lucas0323
post Oct 19 2020, 01:23 PM

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QUOTE(cmk96 @ Oct 19 2020, 08:54 AM)
You can start first.
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Unfortunately I'm not a good drawer. Thought wanna get some inspiration from u guys
Lucas0323
post Oct 19 2020, 02:16 PM

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QUOTE(cmk96 @ Oct 19 2020, 01:31 PM)
I don't draw lines.... can't help it.
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Trading EU?
Lucas0323
post Oct 19 2020, 02:21 PM

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QUOTE(cmk96 @ Oct 19 2020, 02:18 PM)
GJ only.
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Huge swing right there
Lucas0323
post Oct 24 2020, 05:03 PM

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QUOTE(cmk96 @ Oct 24 2020, 04:59 PM)
I have been here since 2008... no one share drawing or strategy here.

Maybe this is "C" platform.... go to "M" websites.... you see tones of strategies...EA... Even give you investor pw.
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Sometimes i check out forexfactory forum for some insight bt their website alone is quite informative.
Lucas0323
post Nov 18 2020, 01:02 PM

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QUOTE(lowya @ Oct 30 2020, 08:12 PM)
which is a good combo to use on tradingview?

1. broker: FXCM, Oanda or others?
2. funding bank: Maybank, pbb.

in terms of funding and withdrawal? Is it worth to go for fxcm for free tradingview pro?
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Don't lock yourself only with brokers offer by tradingview. Do your own research and see which broker fit you.
Lucas0323
post Dec 3 2020, 09:23 PM

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QUOTE(Hansel @ Dec 3 2020, 07:48 PM)
Continuing to hold my AUDJPY pairs at current interbank rate of 77 Yen. The RBA has lowered its interest rate till 0.10%.

Unless it intends to go into negative rates, there is no more room for interest rates to affect the strength of the AUD anymore.

Now awaiting interest rates to rise again. The wait may be long, though,...
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Best guess at least a year, very long wait
Lucas0323
post Dec 11 2020, 09:54 PM

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QUOTE(TheKraken @ Dec 10 2020, 03:20 AM)
There are lots and lots of strategies that can makes consistent money. Look around on youtube. Like this for example, looks legit even though I haven't backtested the strategy myself: https://www.youtube.com/watch?v=elCAnL_Sw4k 

People are struggling in trading because of a combination of factors:

They want to win all the time, but every strategy will have its bad period, there will be a period where consecutive losses will happen, and if people are not familiar with the strategy - for example, if they don't develop it themselves, they just got it from someone else, never back-tested it properly - then when a bad period comes, 99% of the people will start losing faith and look for another strategy, another holy grail.

Whenever I have friends who are newbies, asking me for winning strategies, I always give them one strategy (just to test their EQ) with the following stats:
- winning percentage around 46-55%
- Each win is 2R (i.e. if you risk 1% of your account,  you will gain +2% of your account on each win)

but...

- it may have have 15 maximum consecutive losses (from backtesting 10 years of data)

but

- it will also have 10-15 consecutive winners.

Over a one year period, it can return 100% easily on EURUSD and GBPUSD (just two pairs).
and NONE of these 'friends' are able to execute this strategy despite it's proven track-record. They all gave up after suffering 6 to 8 consecutive losses.  I told them, if they risk 1% of their account, a drawdown of 6% to 8% is nothing to worry about. But this is human nature, losing demoralizes people.  sweat.gif
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In reality things happen, emotion in play. Heard someone said before trading is simple, but not easy.

Lucas0323
post Dec 30 2020, 06:07 PM

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QUOTE(SapphireBlue @ Dec 28 2020, 12:48 AM)
Any1 using XM?
Are they reliable?
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Not too good or too bad. Ok to use at least for me.
Lucas0323
post Feb 24 2021, 11:40 PM

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QUOTE(xander83 @ Feb 24 2021, 11:30 PM)
I bought AUDUSD pair most of the time by quarters hence never affected with exception of 2013

Most of the time 80% can swing high and never suffer much losses as it will hit my stop loss

I still long on my AUDUSD at .5626 and still upping my SL every week  rclxms.gif
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Damn. How much is the swap?
Lucas0323
post Mar 5 2021, 10:21 PM

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QUOTE(iamtheone2020 @ Mar 4 2021, 04:41 PM)
hi, any comment on opening forex account from company regulated under labuan financial service authority? is it better since under malaysia?
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Such as?
Lucas0323
post Mar 23 2021, 10:53 PM

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Interesting to know too if any pay tax in my for trading fx
Lucas0323
post Mar 24 2021, 01:47 PM

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QUOTE(dwRK @ Mar 24 2021, 07:48 AM)
if full time... is only income... should pay

if hobby... no need
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How is the structure any idea?
Lucas0323
post Mar 24 2021, 05:59 PM

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QUOTE(xander83 @ Mar 24 2021, 05:57 PM)
Finally broke my TP exactly 11mths

Let’s see whether they can stay below 76 for how long because seems like by next week bullish run is back to 77 range
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Wow so much patient. How many percentage gain?
Lucas0323
post Mar 24 2021, 06:04 PM

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QUOTE(xander83 @ Mar 24 2021, 06:02 PM)
Close to 40% gain
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Still i need to tabik u damn 11 months. Not many ppl gt such patient in fx.
Lucas0323
post Apr 16 2021, 09:59 PM

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QUOTE(cmk96 @ Apr 16 2021, 08:18 AM)
nowadays XM website also can not access.

soon more broker website also kena...

end of forex in msia...  sweat.gif  sweat.gif

update: new url https://www.xmfxbroker.com/
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Only tm at the moment no?
Lucas0323
post Apr 16 2021, 11:07 PM

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QUOTE(cmk96 @ Apr 16 2021, 10:11 PM)
I used digi line oso same.
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I see just tried xm.com can't. Didn't realise cuz always use https://my.xm.com/member/login
Lucas0323
post Apr 16 2021, 11:13 PM

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QUOTE(cmk96 @ Apr 16 2021, 11:12 PM)
Yup... now changed to https://www.xmfxbroker.com/

Wonder when its gonna change again.
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How bout other broker? Or only xm targeted.
Lucas0323
post May 17 2021, 10:41 PM

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QUOTE(dwRK @ May 17 2021, 01:53 PM)
never again after Soros
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Curious how the heck gov going to regulate something that they have no control with. Forex at least myrusd is relevant.

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