Forex Trading Corner V2
|
|
 Apr 9 2008, 10:44 PM
|
 
Senior Member
1,646 posts Joined: Jun 2007 
|
haha...good luck man...
|
Quote|
|
|
|
|
Apr 9 2008, 11:29 PM
|
Senior Member
1,460 posts Joined: May 2007 From: Shah Alam 
|
QUOTE(siaokia @ Mar 30 2008, 03:39 PM) My advice is plan your trade, discipline and be consistent... Millionaire in on the way.... I guess this comment come from the experience trader.That should be the way in handling forex,just take your time and trade wisely according to your understand in forex. From my experience those trusted brokers are Interbank,Mg forex and for those muslim it is better go to Tadawul forex where there is no swap or hedging and they conduct Islamic regulation.I have been trading forex almost 15 years and the best indicators should be the basic indicators such as trend line ,fibonacci,gann and the time frame should above 1 hr not below for signals and lower such as 5 min to 15 min for entry trade and execution trade.I usually trade at 3pm malaysia till 6.00pm.Once I got my profit and my target met I just close my computer and do others thing which I have to do my routine.So good luck on the trading forex everybody do not get emoitional unnecessarily and be discipline. 1st.. Find a system that work with you and test it at least few months or 3 fold your demo account at the same time ...save up some money to open an account. 2nd.. Once done your research, the system you test work perfectly then time to apply it to the real account and Be discipline. 3rd.. Remember.. you are not compete with anyone..you do this for yourself ..free yourself from employment and have more time with family. 4th.. Once earn, REMEMBER to gv bck to Society or to God at least 20 percent and you will be bless.  Ok Done. For example...Let said you start with USD 100 only. Plan your trade... 100-200 pips/weeks.. Once reach this target close your account and spend your time with family/ friends and don't over trade. With USD 100 ==> Set 1 Pip = USD 0.10 With USD 1000 ==> Set 1 pip = USD 1.00 With USD 10000 ==> Set 1 pip = USD 10.00 Keep on and on... you will reach USD 1k one day. Make sure u know what you are doing... don't simply open a position   It is like a fisherman go to sea to fish .... In the sea (Forex Market)... we got lots of fish(Money) .. There got many type of fish (Different pair) like Cencaru, Siakap, Bawal, Sharp , whales and list to go... Each Fish have its own characteristic ..so may be you can make a net ( ur system ) to catch those fish... Once ur boat is full ( meet your target of the weeks ) then you have to go back home to empty ur boat and come again next day... Fish in the sea still in the sea .. it won't run away...  You can't catch and catch untill ur boat is overload ( overtrade ) then ur boat will sink...u lose all.. even your own boat ( Ur deposit ) ..... Just my Humble opinion... Good luck trader!  |
|
|
Apr 9 2008, 11:33 PM
|
Senior Member
4,081 posts Joined: Aug 2005 
|
close 2 positions.. still got 2 left for UJ
 today losses finally recovered.. somemore got extra rm100+ Added on April 9, 2008, 11:41 pmwa... celakak!! after close 2 positions it went staright down.. pity pity... profit reduced... Added on April 9, 2008, 11:59 pm QUOTE(ComradeZ @ Apr 9 2008, 11:29 PM) I guess this comment come from the experience trader.That should be the way in handling forex,just take your time and trade wisely according to your understand in forex. From my experience those trusted brokers are Interbank,Mg forex and for those muslim it is better go to Tadawul forex where there is no swap or hedging and they conduct Islamic regulation.I have been trading forex almost 15 years and the best indicators should be the basic indicators such as trend line ,fibonacci,gann and the time frame should above 1 hr not below for signals and lower such as 5 min to 15 min for entry trade and execution trade.I usually trade at 3pm malaysia till 6.00pm.Once I got my profit and my target met I just close my computer and do others thing which I have to do my routine.So good luck on the trading forex everybody do not get emoitional unnecessarily and be discipline. wow... another MASTER...  tradin so long liao... uhuhuh do give us some of ur 2cents.. Added on April 10, 2008, 9:39 amclose all positions d for UJ..huhuhu... ^.^ now got open positions for Usd/ca n GU This post has been edited by low yat 82: Apr 10 2008, 09:39 AM |
|
|
Apr 10 2008, 06:00 PM
|
|
Senior Member
1,646 posts Joined: Jun 2007
|
how's everyone's trade today? hmm..there're a few pairs that i just hate...AU, usd/cad..always kena my entry and make a reversal..
|
|
|
Apr 10 2008, 06:28 PM
|
|
Senior Member
4,081 posts Joined: Aug 2005
|
QUOTE(small-jeff @ Apr 10 2008, 06:00 PM) how's everyone's trade today? hmm..there're a few pairs that i just hate...AU, usd/cad..always kena my entry and make a reversal.. today didnt trade much.. bz wit office work... d pair i hate is NU... d market makers damn cunning... always try to fool tape reader |
|
|
Apr 10 2008, 09:44 PM
|
|
Senior Member
1,646 posts Joined: Jun 2007
|
hahaha...maybe need to add some simple indicator like RSI or stochastic while looking at diff time frame...one thing i try to do now is...avoid trading those pairs...always kena on them..
|
|
|
|
|
|
Apr 11 2008, 05:07 AM
|
Junior Member
355 posts Joined: Jan 2008 From: 3 titik
|
10/04/08 trade.....
|
|
|
Apr 11 2008, 07:33 AM
|
Junior Member
102 posts Joined: Jan 2005
|
I seriously know nothing about Forex Trading, except i know that high return and high risk. correct me please
can i know where did you guys learn and where to read news. Any info is greatly appreciated. I really looking forward to learn forex. what programme you use to trade online? what capital you recommend please. many thanks,. pm me as well pls |
|
|
Apr 11 2008, 11:32 AM
|
Senior Member
3,158 posts Joined: Dec 2006
|
aloo everyone....feeling sad this week...i don't know why i lose so much...now my free margin only 2k....from 10k capital....
now im thinking of feng shui!!!.....start trading in a wrong day!!!!...arghhhhhhhhhhhhhhhhh!!!!!  This post has been edited by normeck: Apr 11 2008, 11:32 AM |
|
|
Apr 11 2008, 02:02 PM
|
|
Senior Member
1,646 posts Joined: Jun 2007
|
QUOTE(sooyeshun @ Apr 11 2008, 07:33 AM) I seriously know nothing about Forex Trading, except i know that high return and high risk. correct me please go to www.babypips.com for the basic. Go through everything in their tutorial and you'll have an idea what is forex. For more advance, you need to read more books.can i know where did you guys learn and where to read news. Any info is greatly appreciated. I really looking forward to learn forex. what programme you use to trade online? what capital you recommend please. many thanks,. pm me as well pls To me, using a leverage of 5:1 is considered ok to me, that is, on a mini account (10k per lot) open with usd$2000, standard acc (100k lot) with usd$20k. Still, it depends on how you trade. QUOTE(normeck @ Apr 11 2008, 11:32 AM) aloo everyone....feeling sad this week...i don't know why i lose so much...now my free margin only 2k....from 10k capital.... huh? from a 10k capital down to 2k? you mean usd$10k (rm30k++) now im thinking of feng shui!!!.....start trading in a wrong day!!!!...arghhhhhhhhhhhhhhhhh!!!!!  ? No worries, USD is slowly recovering...maybe the market wouldnt be that chaotic after this month. |
|
|
Apr 11 2008, 04:13 PM
|
|
Junior Member
418 posts Joined: Jan 2003
|
It is STOP LOSS, friend. Must always have STOP LOSS or else a big move against you will wipe you out.
QUOTE(normeck @ Apr 11 2008, 11:32 AM) aloo everyone....feeling sad this week...i don't know why i lose so much...now my free margin only 2k....from 10k capital.... now im thinking of feng shui!!!.....start trading in a wrong day!!!!...arghhhhhhhhhhhhhhhhh!!!!! |
|
|
Apr 11 2008, 04:30 PM
|
Senior Member
1,178 posts Joined: May 2007
|
pound keep on dropping.............omg
|
|
|
Apr 11 2008, 05:04 PM
|
|
Senior Member
4,081 posts Joined: Aug 2005
|
huhuh,... takin small bettin on EU... bump n run formation.. crap buy too expensive d.... got 12pips onli
btw, usd/ca also another bump n run.. huuhuh... guess hav to keep it open till next week... |
|
|
|
|
|
Apr 11 2008, 05:06 PM
|
|
Senior Member
1,646 posts Joined: Jun 2007
|
QUOTE(Justmua @ Apr 11 2008, 04:13 PM) It is STOP LOSS, friend. Must always have STOP LOSS or else a big move against you will wipe you out. hmm...i believe using SL would cause much loss than not using SL. Manually cut loss is the best way for me...there're too much of false breakout...Added on April 11, 2008, 5:07 pm QUOTE(bee993 @ Apr 11 2008, 04:30 PM) pound keep on dropping.............omg maybe becuase of the recent interest rate cuts on BOE?This post has been edited by small-jeff: Apr 11 2008, 05:07 PM |
|
|
Apr 11 2008, 05:11 PM
|
|
Senior Member
4,081 posts Joined: Aug 2005
|
QUOTE(small-jeff @ Apr 11 2008, 05:06 PM) hmm...i believe using SL would cause much loss than not using SL. Manually cut loss is the best way for me...there're too much of false breakout... learn tape readin n it will save u from cuttin lose unneccessary.. but if its confirmation, u usually will lose more than normal SL... Added on April 11, 2008, 5:07 pm maybe becuase of the recent interest rate cuts on BOE? Added on April 11, 2008, 5:25 pm QUOTE(normeck @ Apr 11 2008, 11:32 AM) aloo everyone....feeling sad this week...i don't know why i lose so much...now my free margin only 2k....from 10k capital.... control urself bro... risk n emotion management will come in handy this time around... study more books...i last time jus study babypips n thought i good enough to venture in stock market.. in d end, lost d shit out of me.. learn chart pattern n volume spread analysis.. its a good way to guess wats d smart money is doing...now im thinking of feng shui!!!.....start trading in a wrong day!!!!...arghhhhhhhhhhhhhhhhh!!!!! This post has been edited by low yat 82: Apr 11 2008, 05:25 PM |
|
|
Apr 11 2008, 08:34 PM
|
Senior Member
1,061 posts Joined: Feb 2006 From: Out of Service 
|
im looking for a broker with this criterias:
1. Accept egold/local bank 2. Swap free acc. 3. Micro-account. 4. Min deposit $1-$25 and currently got 3 choices: LiteForex.org - most preferred. - great testimonials from local user. - egold/local bank with min $1 - but no swap free for micro (only for mini) FXMalay.com (IB of FXOpen) - have all the criteria - got some bad story (scam, spikes, etc) - still got good testimonials from numbers of user.. MasterForex.com - suits all the criteria except for local bank (but never mind) - also got some story (connected with FXOpen) - only few people used but provides with good testimonial.. so any of u knows bout this 3 brokers? plz share your experience here.. |
|
|
Apr 11 2008, 09:58 PM
|
|
Senior Member
1,178 posts Joined: May 2007
|
can i know wat is boe?
den tads mean pound wont go up again??? jialat........  |
|
|
Apr 12 2008, 12:52 AM
|
Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
|
QUOTE(bee993 @ Apr 11 2008, 09:58 PM) can i know wat is boe? BOE = Bank of englandden tads mean pound wont go up again??? jialat........ ECB = Europe Central Bank |
|
|
Apr 12 2008, 06:26 PM
|
|
Senior Member
4,081 posts Joined: Aug 2005
|
crap... makin d same mistake again.. arrgg... predicted i will lose all d profit for this week after i cut lose..
altough still got hope for usd/ca, but.... hmm.. when market not doin well, most of people prefer to b silent.. dunno y.. include me also.. |
|
|
Apr 12 2008, 06:46 PM
|
Senior Member
1,292 posts Joined: Dec 2004
|
QUOTE(low yat 82 @ Apr 12 2008, 06:26 PM) crap... makin d same mistake again.. arrgg... predicted i will lose all d profit for this week after i cut lose.. u mean in forums? maybe everyone might not be doing well? ranging market, ah....hard to trade.altough still got hope for usd/ca, but.... hmm.. when market not doin well, most of people prefer to b silent.. dunno y.. include me also.. This post has been edited by woopypooky: Apr 12 2008, 06:54 PM |
|
Topic ClosedOptions
|
| Change to: |  0.0297sec
 0.28
 6 queries
 GZIP Disabled
Time is now: 8th December 2025 - 11:21 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.