And if everyone's only trading and not working, there would be nothing to trade on.

It's definitely a lot easier than going to work, but only if you learn and know the ways. The rich knows things that the poor don't, that's why they are rich. Working is the first step of gaining capitals, but how many actually saves money and investing in the right things? So many were emptying their banks each month for their cars and credit cards, and they have to depend on their job, which is the only source of income, to survive. Instead of working the whole life, why not learn the ways on how rich people generate income from alternative sources? There's no harm in learning. It's not about being rich quick, but about generating side incomes, which can be major income if learned the right way. Just my two cents.

By the way, on the topic, I started the demo this week and made around SGD20 on EUR/JPY. I'm doing only 1 mini contract. I'm using Singapore's IGmarkets. I'm taking the cheapest account as it's the nearest to my real investment later on. There's a lot more to learn, though I'm feeling great right now, I won't forget the guidelines and risk management. Hehe.

This post has been edited by nahte83: Mar 25 2009, 11:47 AM

As minimum as USD25 for micro account. But if you use oanda platform, you can trade as minimum as USD1 (minimum 1 unit for each pair). For beginner, it is good to use oanda platform. Spread low and 100% execution trade. No hassle of requote.
You also can use oanda for demo purpose. Try more platforms and you will differentiate which one suits you.

P/s: Wah, wah! So many ppls joining Forex d. Welcome to board and good luck to you all. I just got 1 message to all of you. Remember to control your risks management properly. Dun overtrade!

I use MetaTrader 4 for charting. You can have all currencies cascaded in the same window which will work at the same time so you don't have to wait when you load another currency's chart.

There is harm in "learning" forex..... easier than go to work? think again... how much time u need to spend in front of computer waiting for the right setup to emerge?.... For me, its a lot tougher and scarier than going to work... u r entering a market with juz 5% success rate. U call that easy? Hope u'll start trading with live account soon. Good luck.

forex is getting popular in malaysia, I also wish most of them are willing to post their analysis/chart here instead of posting how much they earn.

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Added on March 25, 2009, 12:18 pm5% success rate? mind to elabourate more?

This post has been edited by bulkbiz: Mar 25 2009, 12:18 PM

Maybe he's correct in a way, because statistics shown that only 4% of world population are well-off, and 1% is super rich. So out of 100%, only 5% achieves financial success in life. Everyone has rights to their own beliefs, that's for sure.

I use these indicators:

- Bollinger Bands
- ADX
- RSI
- Parabolic SAR
- 10 days and 20 days MA
- MacD

Fundamental analysis is not to be overlooked as well.

Everybody got its very own trading method, some need to sit in front of pc every minutes and some just trading for 5min in the morning, 5min for afternoon & 10min for evening but they still earn accurate every month (not related to EA).

I don't really sit for more than 2 hours, even my mentor doesn't encourage that. If there are no opportunities, I just do other stuffs. If anyone sits for too many hours and loses a lot, there's got to be a problem.

Your mentor have his trading method and same goes to others, anyone who think he has a good trading method can open up a company and teach people, I can do that too.

With the fundy at this moment

It wont be a instant 600pips drop, but it will definately be bearish looking @ the next month ECB rate is likely to be lowered. But the weaken USD cause by the printing money by US gov has/had slowed the EUR/USD drop. (Look at other pairs, there isnt any significant drop)

EU daily chart:



I shorted EU since monday night at 1.3554, I will move SL to breakeven when the time is right.

i expect GJ will going down to retrace , performing subwave-4


GJ TF1H




after that , GJ will going bull again , to perform subwave-5 , at least 148.65

just my 2 pips



This post has been edited by kevler: Mar 25 2009, 02:34 PM

anyone interested with malaysia agent forex broker ?
http://ikofx.com?affref=20881210
can register by click the link.....
find ppl under you also can get some commision....
the
this broker provided 1:500 leverage

Minimum deposit Bonus Requirement to withdraw bonus
USD100 – USD499.99 USD20 10 standard lot
USD500 – USD999.99 USD50 25 standard lot
USD1000 – USD4999.99 USD100 50 standard lot
USD5000 - infinity USD500 300 standard lot
agent address- Worldtop Empire Sdn Bhd
KL 【main】电话-0356222598
No 3-2 jalan PJS 8/10 dataran menteri 46150 bandar sunway petaling jaya selangor malaysia

Melaka 【branch】 电话-063373220
Lot b4-2-8 jln rahmat 3, tmn malaim jaya 75250 melaka

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Added on March 25, 2009, 10:14 pmthe deposit can call local depositor to help u make deposit.... it wont charge any $$ the minimum deposit is 25usd

anyone interested can add me scrop@live.com.my
i will introduce the depositor to u ....

This post has been edited by ScRoP: Mar 25 2009, 10:14 PM

@scrop
first of all you are using referral link

forex brokers are illegal in malaysia secondly

hmm they still can register under sdn bhd and become forex broker finding referal, seems like easy to become a boss. There are a lot of oversea forex broker agent in malaysia.

No company can take in public deposit or money for investment without SC approval.

Its Bank Negara who enforce the rules. Becareful, below is example of Sunshine Empire Sdn Bhd.


Attached thumbnail(s)

so u mean i using that broker is illegal ?

be prepared to lose ur money should they get shut down or if they run away with ur money u got no 1 to cry to