Oanda accepts paypal

btw kelvin you're an Oanda user right? how did you transfer funds into your account? since they only accept major currencies, did you convert MYR to USD then wire transfer?

yes.. i converted to USD only send... i suggest if u plan to do that.. change ur money into USD from a money changer and not the bank as the bank spreads is SUPER high

---

Added on November 10, 2008, 9:42 pmcommodities shooting up... especially gold.. anyone can tell me why ? i'm trading gold at the moment but all the sudden rise in commodities is something i dun know why.. i need more knowledge on this if anyone can provide thanks

---

Added on November 10, 2008, 9:44 pmfor those of u that dun like market spreads to go up n down, please choose mt4 brokers as their spread remains constant most of the time except during weekends n news time. IF u hate requotes, come to oanda. If u hate both please go to dukascopy and prepare 50k to fund ur account.

This post has been edited by kelvin_tan: Nov 10 2008, 09:44 PM

i'm studying in aussie now so i have a paypal account so transferring funds is not a problem for me, just wondering how malaysia-based people use oanda

if you change your money at the exchange dealer, how do you transfer the cash over? pass the cash to the bank and then make a tt?

i think commodities are rising because of the stimulus package that's just been announced in China, few hundred billions of fiscal spending in infrastructure that should sustain their demand for commodities in the near future despite the slowing growth, hence the price hike, my guess anyway

oh yes that makes quite a lot of sense orangysb =)

yes pass the cash to the bank and then make a TT .. because maybank spread is like 1k pips !! that time i change... buy = 3.39 sell = 3.49 ... siong like hell

hm...Treasuries up for sale today, but wall street will close 1430ET, tomorrow US public holiday.. kinda expecting EU to fall back to 1.2662..

Anyone here are scalper?

Ok thanks, but oanda's spread is quite high compared to other broker right?

oanda prides itself to have the lowest spread possible .. sometimes its higher sometimes its lower... i have seen EU spread as low as 0.5..

I guess you can call me one, from the way i've been trading in the past few days, i trade on the hourly chart and try to ride along each anticipated movement using the fibonacci levels, so far it's been pretty good, which is kinda worrying me since it feels a bit too easy, but i know forex trading is a risky business so i always trade no more than 5 times leverage and always have a stop loss order.

Anyway i'm pretty damn new to forex and am only in the 4th grade in the babypips school , i probably shouldn't start trading real so early on but what the heck can afford to lose 100 USD, so just learn in real-time.

Any thoughts?

100 USD will be gone in no time once u fall into the greed trap.. but proper way should be to finish at least babypips first as any trading without signals = gambling

I gonna do my first attempt to bankrupt my FX account. Try to trade with no fear, see whether there is either a growth or a MC.

Trades with no indy. Simple Price Action. Not gambling. Can check for update in my signature. Currently still empty inside, coz haven have trades yet.

Dont worry, there is no google ads or other stuff inside. My purpose for the blog bcoz it is easier to keep trace instead of posting in LYN. But I will stiill posting here.

WIsh you guys tons of pips.

EU m15


Attached thumbnail(s)

GU h1


Attached thumbnail(s)

FXCM is kind of hard to use. aw...

---

Added on November 11, 2008, 4:50 pmi had became mph's follower.

This post has been edited by victor131490: Nov 11 2008, 04:50 PM

It's not HOW you trade, it's the principle one must have before attempting real time forex.

Market is always right, the market isn't your friend. Market is determined to take your money.

EU m15


Attached thumbnail(s)

entered short on EU 1.27800 ... SL set to +5 .. need to make up for the -ve interest on gold...

I am addicted to scalping already, shit....normally I trade intraday. I scare I will make it become like gambling addicted.

Likewise here haha, wherever i go, if i have my laptop with me and if there's wi-fi i'll be checking my Oanda account.

But i'm not a scalper according to the definitions in goforex.com, i'm more like a day/swing/range trader, time frame ranges from minutes to hours.

Are you serious you called yourself scalper?
Scalper not trade using big time frame
It using the lowest time frame.
I'm using 1second time frame to scalp the market