lets say i want to start trading in forex, where can i open my account? how much minimum do i need? as in RINGGIT?
FOREX TRADING HQ VER 4, Speculators, scalpers and traders wanted
FOREX TRADING HQ VER 4, Speculators, scalpers and traders wanted
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Oct 27 2008, 06:22 PM
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#1
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9,707 posts Joined: Feb 2005 From: Why U wana know? Status: Meditating™ |
lets say i want to start trading in forex, where can i open my account? how much minimum do i need? as in RINGGIT?
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Oct 27 2008, 09:54 PM
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#2
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QUOTE(mphpopular @ Oct 27 2008, 08:07 PM) Sell limit activated at 1.2468. Aiming for 200pips can you tell me where to sign up a demo account? How long can I use the demo account for? and demo account means to test only?Normeck answer your first half. The second half I answer for him. The smallest you can start even with RM 10. If you r new, recommended to trade micro account, fund with USD 10 - 20. And try to trade it. But trade in demo before you go real. Why? At least you r familiar with how to trade, and what is going on in the market. |
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Oct 27 2008, 10:30 PM
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#3
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thanks a lot bro, i am currently downloading mt4 now, I want to learn how to trade in forex, currently i am gathering my capital in 3 months, for the time being I am in my semester break, so i should learn and practice first
I hope you guys will guide me |
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Oct 27 2008, 10:57 PM
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#4
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Ok, I am watching the MT4 now. How do I buy, I check my Account History, there got 5000000.
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Oct 27 2008, 11:27 PM
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#5
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hmm testing testing
till now earn 42k already with demo acc |
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Oct 27 2008, 11:37 PM
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#6
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update update, i earned 130k @.@
anyway, what is volume? Is volume same as LOT? |
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Oct 27 2008, 11:41 PM
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#7
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How many demo account can we register?
Gross Profit: 130 803.00 Gross Loss: 56.00 Total Net Profit: 130 747.00 I got the above..... but I would like to try to simulate it as real as possible, i wana create a new account with 1k USD only, because just now when I start the program it is in mandarin, I cincai select for some of them and selected 5000000 |
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Oct 28 2008, 12:28 AM
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#8
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what is Leverage?
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Oct 28 2008, 12:32 AM
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#9
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QUOTE(mphpopular @ Oct 28 2008, 12:28 AM) When is the G7? Where to see? oic, Added on October 28, 2008, 12:30 amExample of Leverage: You LONG GbpUsd at 1.5534 with 1 standard lot (10000unit) Means you need to have USD 15534 to buy that position. With leverage 100:1, you only need USD155.34 in your account to open tat position. That is the use of leverage. when we buy that time got volume, what is volume? is it LOT? |
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Oct 28 2008, 12:37 AM
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#10
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QUOTE(mphpopular @ Oct 28 2008, 12:35 AM) Isn't it obvious? It is lot size. Juz try to click buy or sell then you will know it. That is the usage of demo for you.... yup..... hehe 5million to invest really can earn a lot of money and earn very fast. too good to be true.... tomorrow start a new acc with 1k USD Added on October 28, 2008, 12:40 am QUOTE(kelvin_tan @ Oct 28 2008, 12:37 AM) @those that are starting demo yeah i read bout that today, HALF only though, very useful. However is there a printable version ? I wana read it when I travel to work and stuck at traffic jam. or even waiting for monorail, driving to KL to work cost a lot of petrol XD hahaits better to read www.babypips.com first as it teaches u a huge lot about trading forex.. Its better to use this time to learn and trade better next time rather then just simply clicking here n there without a clue and later when u start live ur account go down the toilet in a matter of days.. This post has been edited by chicaman: Oct 28 2008, 12:40 AM |
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Oct 28 2008, 12:43 AM
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#11
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QUOTE(kelvin_tan @ Oct 28 2008, 12:40 AM) @chicaman OK, I will remind myself and bare it in mind, most important is to learn and play carefully, 1 thing I learn is slow internet connection is going LOSE MONEY.for now ur experiencing the winning side since u remain very optimistic about forex being an easy way to earn money. Once u get into a losing streak the stress level is unbearable.. |
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Oct 28 2008, 08:23 AM
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#12
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Oct 28 2008, 10:55 AM
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#13
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9,707 posts Joined: Feb 2005 From: Why U wana know? Status: Meditating™ |
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Oct 28 2008, 11:13 AM
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#14
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Oct 28 2008, 01:24 PM
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#15
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QUOTE(kelvin_tan @ Oct 28 2008, 11:57 AM) @dreams_achiever No problem, i just started yesterday and still learning, i learned new stuff again i'm a student =) @chicaman do u even know what a limit order is? Please try to be like dreams_achiever and learn forex instead of asking questions where a simply google search could answer you. No offence mate but i think its better for all of us actually and you will benefit from learning it yourself. I would be glad to guide u in things that u read but do not understand but please make some effort. Limit order is when u set a specific point to buy or sell once the target is reached.. i set mine at 1.2605 for EU to sell.. it didn't reach that target.. instead it only reached 1.2595 before going downwards.. |
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Oct 28 2008, 03:28 PM
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#16
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a question, how do u guys pay for the first time when u guys open the account? using credit card?
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Oct 28 2008, 03:34 PM
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#17
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QUOTE(kelvin_tan @ Oct 28 2008, 03:30 PM) depends on each broker.. i paid using bank wire (TT ) .. some accept paypal.. not aware of credit cards.. oh.. Added on October 28, 2008, 3:31 pmmy short on EJ isn't doing so well.. holding negative pips.. but short on EU is positive.. they are offsetting each other >< EJ is crazy volatile btw, no need to study ah since u are student lol... |
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Oct 28 2008, 03:40 PM
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#18
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QUOTE(kelvin_tan @ Oct 28 2008, 03:37 PM) having holiday now.. anyway forex is a form of study.. i'm looking for sources to earn money in the time i have rather then next time when i work i have very little time.. I'm not saying forex is an easy income but i'm in the learning phase.. i started this account with small amounts in hope it will grow.. owh...i plan to start with 100USD after i get to know the basics. Anyway, MT4 charting is good, however can i use oanda with MT4? |
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Oct 28 2008, 03:46 PM
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#19
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Hmm, i guess using demo account in MT4 + Oanda real account should be better.
Btw why no people prefer to use MT4 as their broker? |
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Oct 28 2008, 03:47 PM
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#20
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Great execution.. no requotes... spread USED to be extremely low until the market went crazy and drive the spread high (higher then mt4 platforms 65% of the time).. Charting is lousy.. its web-based..
I don understant ^ ..... spread USED to be extremely low? |
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