ya agree, but i had invest in KLCI stock year ago, the foreign investor tend to pull off $ when RM depreciate, volatility and liquidity low summore. the FA & TA become useless those time.

for fututres, after i open the acc, i realize the market are control by big player, the average volume = 1000/2 = 500 contract per day, plus 1 minimum bid is rm25, daily fluatuate lik 5-9 point and price always constant after morning open & afternoon open. the commission also killing me. sometime i wan to hold contract overnite, but the FA and TA seem not effective for Malaysia futures...sometime even dunno where to find the TA for futures


i totally agree wat adam said, the margin is a double edge sword, so now i still set my margin at 10 time, and hold 1 postion at a time.


OT: i watch the Victoria Secret ad, Adrian Lima is killing me..... stil virgin summore ,ouch..

u dont aim those target, what happen u cant make it on that day? u lose 1% of ur acc that day and u soo desperate to get back 2% so u can keep ur daily goal?

IMO, % of ROI is not ur first concern. it is protecting ur capital first, getting good consistent income than only ROI

thnaks man!!

this is d 3rd time i suffer huge loss..... mayb i shud change my tradin approach.. will do again d tradin plan n use higher timeframe so dat i hav more time to setup my tradin b4 hit d road thus limitin d posibility of overtrade...

wat u guys think?

Please do not set yourself any target. When I first started trading futures, i always wanted to make LOTS of money in one trade. Sometimes i make it, sometimes the opposite happen. IF you rush and become greedy, you have yourself only to blame when your capital drops to 50%. Trust me, it's better to earn USD 50 then to lose USD 50 a day.

Don't set any goals, but trade your plan, and trade to win. NO matter how small the amount, you will still be successful if YOU NEVER LOSE more than 1% of your account.

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Added on September 7, 2008, 9:16 pmFor futures, i only bet big when i know there's a huge uncertainty cloud over the Composite Index. I never want to waste my margin on FKLI especially when forex has good opportunities 24/5. However, when i am confident i will make that extra RM 1000, i will use my margin. Typically, i just wait for CI to rally, and then i short. FKLI never rallies more than 50 points, and then i will check on RSI and STOCHS to make sure its all in overbought area. I short, and hold it for overnight or 2 days.

There's no need to rush; and the same strategy applies for EURO/STERLING. All you have to do is wait for Euro and Sterling to have a relief rally of 90-100 pips, and then you short. Look at the candlestick and stochs, rsi. Check for any divergence. This way is safer because euro/sterling primary trend is a downtrend. Overnight it will not reverse the trend.



This post has been edited by AdamG1981: Sep 7 2008, 09:16 PM

ooo... must be big capital huh..

hm..higher time frame would require much more free margin to run with...IMO, the higher the TF, the greater the risk..so for the time being, i'm sticking with 5M instead of 1h or 4h..

hows ur training course u said about?

EU


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Not really, i have transferred my money out from FKLI to purchase equities in the U.S. Normally i try to diversify to reduce unnecessary risks. Forex volatility presents you bottomless opportunity to make money, but only a few traders make tonnes of money.

Therefore, in order to reduce the beta (risk) in my portfolio, i only allocate certain amount of money for futures, options and forex. The money that i won from forex trades are automatically taken out to purchase solid stocks like American Express.

As i grow older, i need financial stability; and forex and futures are way too volatile for my heart to take. Therefore, my advise, fight to win the war, not a battle.


PS: Always remember, the best traders will also have losing trades. What makes them good in trading is the ability to say "OOPS I MADE A MISTAKE, GOTTA CUT LOSS". There's no shame in admitting that you made a wrong analysis, but there's plenty to be ashamed about if you lose all your money in emotional trading.

P.S.S: Chasing money is exactly like chasing pretty girls, the more you chase, the more losses you going to sustain.



This post has been edited by AdamG1981: Sep 8 2008, 12:23 AM

i have a question that may not be related to direct investment in forex

im totally inexperience in these kinda things so hear me out k n pls do try to help

i MIGHT be going of to aussie next year

the current rate now is buying at rm3.00/1aud and selling at 2.8/1 aud

is it good to exchange now???

cuz from the charts this is quite a low exchange rate

on the other hand i may not be going at all as well....

do u think AUD will rise???

in that case i might try to diversify but i have no idea which currency is cheap now and which currency will go up

PLS PLS PLS do help thanks

what the heck GJ up to 193.XX...is it still downtrend or something wrong?

Dont forgot it is GJ at the bottom of the channel. So, the retracement is posible or might be juz head up back to the top of channel. BUt heading up to the top of channel, the posiblity is much lower.

Asian Market Bull, a reaction on USA NFP as I said Last Friday. However this bull will be short live, we still have to see how bad the housing report do and the retail sales will be red also.

This week is USD week. So the risk is USD, not EUR.

As for as I concern, Top side should be EU4410,4445.

This post has been edited by billytong: Sep 8 2008, 09:56 AM

No worries, i have purchased my us financials so today will just sit back and watch my equities fly! Woohoo!

hmm... UJ crazy liao? suddenly movin same direction wit EU n GU... hmm

U check the Asian Stock first.

when u guys transfer ur money into ur forex account.. do u guys take ringgit n convert to usd ? or the bank automatically does it for u?

bcoz of this?

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Added on September 8, 2008, 11:44 amsee ur money in malaysia is under wat acc..

if its foreign currency acc, then, no convertion charges is applied.

if urs in RM, then d bank will do it auto accordin to dat day convertion charges.

This post has been edited by low yat 82: Sep 8 2008, 11:44 AM

is there a foreign currency account? i didn't know that.. how do i set up one? and which banks offer such accounts? because when funding my account.. oanda requires the funds to be transferred in the same currency as the live account.. so if i'm using USD for my fxtrade.. i have to send USD.. i can't send MYR T_T ...

d bank will do d convertion for u for a lil fees... for FCA, u can call them n ask how's is it to open as each banks varies.

thanks lowyat i wil go to the bank and c how do i proceed..