Apr 9 2008, 11:29 PM
QUOTE(siaokia @ Mar 30 2008, 03:39 PM)
My advice is plan your trade, discipline and be consistent... Millionaire in on the way.... 
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!
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!
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