Rip another 200euros from on some the longs I took last week, now I long another one @ 5692.

Did anyone PRO or working in FOREX?

Last few month i started my invest in forex.

Now i lost 83% of margin.

Even my record most of all success, but only a few hand i make wrong decision or timing.
Make me regret now.

So i here to asking pro for help.

Teach me how to found the timing.

Did there any good website for educate?

Thanks a lot for your help.

babypips.com... go for the "school" tab... There is alot of info in there. You wont regret reading those. Stop invest by now. Juz let the account stay there. Make sure you get enough knowledge before you get in again.

As your problem stated, is it posible it is occurs because of the Stop Loss problem??? No sL was being set whereby one or two trades incurred you a big loss which could swipe away your whole account??? Make sure you put a SL. Even 200pips aways also still consdered as SL.

Edit:
Almoz everyone can trade forex. Juz the mmajor problem is the timing problem, entry is always made easy for traders. But how's the exit??? That is our major problem is whrerby exit when Loss / exit when profit.. Both lead to differnt scenario

This post has been edited by mphpopular: Jul 28 2008, 12:08 PM

May I ask u, are u using all of ur margin?. Overleverage is a good perfect way of killing ur acc.

Dont be greedy.

golden rule, risk only 5% of what u got...if your capital is 1000usd then risk only 50usd.

Took 2 of my longs out, banked another 43 euros. now holding short from 5716.

This post has been edited by billytong: Jul 28 2008, 02:04 PM

its all goes down to money management... u were holdin ur losses too long..

wat u mean by timing? in my dictionary, there r 2 types... timing to enter position at d cheapest price n timing to enter position jus b4 d price starts to take off..

IMHO, onli a handfull people can do dat consistently...

This is the EW that you all mentioned in GJ???

Retrieved from FF at 28July08, author 5ysfx


Attached thumbnail(s)

wow!!....that drawing seems promising...huhuh!!

Haha. Purposely find that to make you happy...

Sorry. Triple posted...... Omg

This post has been edited by mphpopular: Jul 28 2008, 05:24 PM

So how long does it take for an account to get approved ?

1day working day from alpari.. even fxmalay also 1day working day...

Cool. Hope they reply soon. Lots of broker scamming around these days.

I did using stop loss before but there its a few time it just right in my stop loss
then bounce back.
That moment my lot already close.It make me crazy...

Now my my acct left Usd 170 only....
I think i should give up ler.
B4 that let try make it zero hahaha

There is no sure win in forex trading. Muz accept the destiny of getting in some lose. SL you shall set it. Juz set it abit looser since you found it keep crashing on your SL. As i knew, there is ppl who didn't set the SL, but for me, SL is a must for me unless i monitor the trades manually.

I admit most of the time the trades will gone into crash wif SL. I admit some of those trades did make a U turn. But i also realise that, theere is also trades whereby they make the reversal of the direction that i wanted. IF and only if i didn't set a SL for it. I shall get my hand burn. Juz on friday. I set a SL for GJ as 50pips. If i didn't set it. I might get burn now in floating of -110pips. So, that's the reason for me in setting SL.

Juz my 2cents.

Some advisable sentence that i notice:
1) Dont take the word of loss. Use the word "expenses" to overtake it. Profit overtaken by "income"
Now you will found yourself to trade more happily. It juz like a BUSINESS. We nid to incurred some expenses to generate more income.

u see? u already noe d prob but u never wanted to change it...

wats tactic u usin?

Lowyat. Still remember the to do list or the advice list that you did on around last month? Mind to send to me to have a look again?

I currently making an efford to create a list of advice for traders and so on. Wish can get the copy since it's abit troublesome to find it over forex v2 thread....

special thanks.

which 1? my tradin plan or d pdf dat u send to me?

pm u d... rememb erase my target profit

This post has been edited by low yat 82: Jul 28 2008, 09:03 PM

hm..is today a public holiday? the market seems very sluggish

aah...i also made a checklist for trading. but somehow, i found it required too much time to complete the checklist prior entering position...lol..cause usually when i reach home, it's already 8pm by the time i completed the list, it has already moved...but still..i found it useful, provided if i had enough time

I willl I will... Haha..... Do you believe actually i put a bigger value than yours? And in shorter term. Haha

Edit:
Was juz chatting wif my fren and asking him to put an eye on GU... Juz in that minute. I step into GU. And now wif +16

eU and gJ is trying to move his leg.. juz watch it

Edit:
Unwanted move occured when i was in bath. Hits my sL whreby i place it at +1...
Still 1 pips... at least better than nothing.

This post has been edited by mphpopular: Jul 28 2008, 10:32 PM