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 Forex Trading Corner V2

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low yat 82
post Mar 21 2008, 12:28 AM

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QUOTE(small-jeff @ Mar 21 2008, 12:23 AM)
i think FXCM only requires $250...but anyone opens a live with $250 is totally insane, unless they plan to open one position (10k) per day, and expecting instant profits.

to me, $2k is just good. Usually my used margin is bout $250-$500, which gives me mininum of $1500 usable margin.

ODI? is it better than FXCM? gonna find a good platform soon..how much is the fund transfer cost per transaction?
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its ODL.. not ODI tongue.gif


of course FXCM is better.. profit damn much higher than ODL... transfer cost? if u maybank i thikn around 25usd gua...

btw, FXCM already got metatrader?
low yat 82
post Mar 21 2008, 12:36 AM

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@siaokia, , uuuhhuhuh agree..


btw, if u wan check how much ur broker eaenin, can check here... FXCM is havin damn alot profit... http://www.cftc.gov/marketreports/financia...rfcms/index.htm
low yat 82
post Mar 21 2008, 12:49 AM

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QUOTE(siaokia @ Mar 21 2008, 12:36 AM)
He is Smart.. cool2.gif
» Click to show Spoiler - click again to hide... «

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hahahah.... shud put my face tongue.gif doh.gif
low yat 82
post Mar 21 2008, 01:14 AM

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QUOTE(small-jeff @ Mar 21 2008, 01:09 AM)
well...if i were to start a micro acc, i'll put up $200...since each pip cost $0.10.

Honestly, until today, i still havent get to understand what metatrader is..lol..been too focus on all the indicators and candlesticks.. tongue.gif
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metatrader jus like normal tradin platform... some people like use it coz it can add many kinds of plug in indicators.. but for me, coz i alrady biasa tongue.gif moreover, onli few tradin platform can fullfill my volume requirement.. huhuhu
low yat 82
post Mar 21 2008, 01:32 AM

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QUOTE(small-jeff @ Mar 21 2008, 01:21 AM)
i think fxcm has it. but the indicators i used are rather the most simple ones..

what do you mean by fulfilling your volume requirement? use lots of indicators?
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coz i use volume spread analysis...its usefull to forecast buyin climax/sellin climax/bla bla bla... d volume is actually generated from d server of d broker itself..


volume actually can use as 2nd confirmation... like a type of indicator... wink.gif
low yat 82
post Mar 21 2008, 06:15 PM

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QUOTE
Just want to know, how many of you here migrate from KLSE?


im one of them...huuhuh
low yat 82
post Mar 21 2008, 09:09 PM

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QUOTE(small-jeff @ Mar 21 2008, 08:36 PM)
hm...i'm still trying on a demo now...wanna see how many positions will i lose out of 200. now just past the 40th or so position. hm...kinda worried though..that going live is different from demo sad.gif


Added on March 21, 2008, 8:37 pmbtw...the market today is going quite sluggish though...most pairs gone sideways..some breakout might just be in the corner..
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ya lor... y so sugglish a?
low yat 82
post Mar 21 2008, 11:10 PM

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QUOTE(normeck @ Mar 21 2008, 10:42 PM)
Good Friday?....holiday?
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hmm.... Dow jone also no open market oo...
low yat 82
post Mar 22 2008, 10:13 AM

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QUOTE(DaBestOne @ Mar 22 2008, 03:24 AM)
hey guys.. one question here.. when there's holidays or during weekends? the market will move slower than usual? why is that so?

@lowyat82.. what do you mean by dow jone?

thanks in advance guys for all your explainations..  notworthy.gif
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holiday ma.... still wan to work meh tongue.gif


DOW JONES INDUSTRIAL AVERAGE

http://finance.yahoo.com/q?s=%5EDJI

one of d main index in US stock market..
low yat 82
post Mar 23 2008, 02:10 AM

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QUOTE(jack2 @ Mar 23 2008, 12:13 AM)
Anyone wants to invest in forex and use TT. I have 30k USD for transfer.

Meaning, if you have USD account, I can transfer to you @ the rate lower than the rate you buy from bank.... hehe
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hmm... can trust or not? hmm.gif hmm.gif

how much is d service charge by ur bank?


Added on March 23, 2008, 2:12 am
QUOTE(db86 @ Mar 23 2008, 12:32 AM)
i have a friend who had trade forex for 3 to 4 years already and he claims that he had invented a method himself and gain profit averaging from

10-20% per month.. now he is trading base on this method everyday... according to him, the way he trades is very safe instead of taking high risk, as a return the result is quite slow but steady ....

had anyone heard of this kinda method before or there any such method available in the market?

i am a forex newbie and i wonder this kinda method can be trusted?  smile.gif
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d question is, do u trust ur fren?

jus tell him to show u the proof la...

This post has been edited by low yat 82: Mar 23 2008, 02:12 AM
low yat 82
post Mar 23 2008, 10:12 AM

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QUOTE(jack2 @ Mar 23 2008, 08:24 AM)
Can la.. I can be trusted  tongue.gif

I think the fee is charged to me and you will receive the gross amount I transferred if your bank is in Malaysia too.
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but i wanted to transfer money to oversea wor....
low yat 82
post Mar 23 2008, 05:55 PM

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startin from next month need to get serious in tradin d.. WISH ME LUCK IN FOREX!!!
low yat 82
post Mar 23 2008, 06:48 PM

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QUOTE(small-jeff @ Mar 23 2008, 06:17 PM)
sad to hear that bro...but from what i see...it would be better to place a SL at 200 pips. Usually, well..at least from what i observe..prices tends to bounce back, provided the trend isnt bearish at all.
ooh? going live? good luck man..you're going to use ODL? mind to share how much you're gonna start with?
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IMHO, act can use multiple timeframe to reduce d odds against u..

yup... goin for ODL... minimum money needed is 2000 usd... so, ill start wit 2000 1st, n will add more to avoid margin call..

thanks man... hopefully, i can manage my emotion better...
low yat 82
post Mar 23 2008, 07:05 PM

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QUOTE(small-jeff @ Mar 23 2008, 06:50 PM)
smile.gif i'll have to wait to bout laast quater this year first to join in...$2000 still not enough? you're not going for a standard acc ya?
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im goin for mini acc... u noe something, kena margin call is d worst thing....moreover, low capital means i cant trade when i saw a vry good opportunity... so i must make sure dat it will not happen...
low yat 82
post Mar 23 2008, 07:53 PM

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QUOTE(small-jeff @ Mar 23 2008, 07:33 PM)
hmm..just a personal note. $2k is only good for a hourly or 30mins trade. Going for a daily trade or a longer swing is rather...not really enough..Ofcourse...you need to do anything just to avoid margin call..
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2k usd enough to go for larger swing... short or long 0.1-0.2 lot lor...

i intend to keep my margin level at least above 200%...
low yat 82
post Mar 23 2008, 09:39 PM

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QUOTE(woopypooky @ Mar 23 2008, 07:57 PM)
those going live why don't you use euro instead of usd?
cos usd is going down relative to ringgit.
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hmm.... since it goin down, isnt it good? means we can exchange more to usd... tongue.gif



now readin book ab TECHNIQUES OF TAPE READING by VADYM GRAIFER n
CHRISTOPHER SCHUMACHER... seems vry interstin book though..talkin ab price n volume when there is still no indicator been invented yet..

This post has been edited by low yat 82: Mar 23 2008, 09:41 PM
low yat 82
post Mar 24 2008, 09:55 PM

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hmm... it seems time to go long for UJ... any comment?
low yat 82
post Mar 24 2008, 10:05 PM

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QUOTE(woopypooky @ Mar 24 2008, 10:00 PM)
if u are intraday, i guess its fine.

but if on daily timeframe, i guess its not a good idea. cos it was againts the major trend. Price might stall around 100.60
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IMHO, it will go around 200-300pips more from 99.9X...
low yat 82
post Mar 24 2008, 11:10 PM

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QUOTE(small-jeff @ Mar 24 2008, 10:49 PM)
UJ...seems to be testing 100.xx for quite a few times...if i were to go long, i'll place order at 101.00. While if i were to go short, i'll place at 99.30. However, i wouldnt trade on a daily timeframe. The price is bouncing on WMA100..though it is slightly in a bullish mode..
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it actually been consolidate for quite some time...jus break out from symetrical triangle... will add position if it pullback...anyway, this one shud b short lived bull though..


edited:
usually, if d breakout wit high volume, it comes wit a pullback... how strong is d pullbc, need to see lower time frame...

This post has been edited by low yat 82: Mar 24 2008, 11:16 PM
low yat 82
post Mar 25 2008, 08:01 PM

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QUOTE(db86 @ Mar 25 2008, 07:45 PM)
micro accounts have 10'000 lot size whilst mini account has 100'000 lot size.... so what's the fuss about 1000 lot size? tongue.gif
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dat is 10,000 UNITS... not lots.. 1 lots = 100,000units

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