do u mean i'm too weird?
but can't blame me too, I haven't found you guys by the time I begin with forex/money changer.

This post has been edited by jack_the_kiechan: Apr 9 2009, 11:00 PM

well I am not sure u are acting noob here or what, but there must be a reason or someone teaching u to do so?

I really don't know such broker exist la... I tough broker is for share only.

Not weird at all.

If you are making money (legally), it doesn't really matter how you do it!

go read babypips/forexfactory....there's a lot to learn...

i'm playing with fxcm free account. $50,000 now $50,005.97 USD/JPN up up up
i'm in stage 1.

just to confirm-> the $50,000 is in usd? which mean RM50k*3.625 ??

and 1 more question-> when I buy,it let me choose 10k,20k,30k blabla... what if I only have $100?

each broker have different contract size and leverage that they offer...if starting capital is below 500usd...leverage 1:500 is d most suitable n u can start trade with AUDUSD since its margin requirement is low.

btw, i'm also stage 1

It's not weird la... it's just a basic & simple way of playing forex - I think...
last time in uni I also do like that .... earn couple of hundreds in months
but back then in 1999 earn few hundreds already big for student like me

Pls correct me if I'm wrong.
I guess around that time, forex broker not yet well known in Malaysia or not easily access for public.
Time changes, now almost everything can be done thru internet already...

BTW I think I'm in stage 2.
Need to learn more...especially the part to control my greed

Why do I feel like tonight Gbp/Jpy seems quiet...
maybe I already missed the action

This post has been edited by tsarena: Apr 10 2009, 01:08 AM

nice movement in AU today...i think most ppl make lots of profit...

if nt mistaken and according to ur bloomberg webbie u recommended... its cuz of the US bank rally? hehe attempting at FA

MPH, i closed all my au; aj positions. Good luck bro. See you laterz

It is not actualy well known or not, it is because bnm doesn't allow forex trade here, still Malaysia a lot of investment/trading tools are highly regulated, aka you don't see legal local broking house offering forex trade. All are using overseas platform to trade.

I got this chart in my mailbox:

but how much is his capital?
I play fxcm demo just now, buy too much, margin<0, all explose!!! lose 7k...

Dude, i suggest u go to www.babypips.com/school and study what is pip, what is leverage, what is broker or I can say what is forex first, then only u trade demo.

It is pointless do thing without understanding how it works.

this dude give free signal everyday www.accuratesignal.com @ http://forums.babypips.com/
i tried it this few days, take profit till now all positive . plus for newbie like me, i learn better scalping technique

*just in case some of you guys didn't know yet
*for daytrader/scalper

Hi Im_beside_yoU,

Thanks for the information, this would be a bonus for all the trader!!! Anyway, I suggest when the signal come, go and look at the chart, try to spot why they buy or sell, spot the chart pattern, izzit a breakout? pullback? ma crossover trade?

The reason behind he provide this free service is maybe he thinks that the more traders following him, the more success the trade will become.

Anyway, we cannot depend on people to profit, take it as a learning point.

Still it is a bonus for all of us:)



This post has been edited by bulkbiz: Apr 11 2009, 01:02 AM

Minimize trades to maximize profits. My advise for you guys.

The more you trade, the more likely you will LOSE. This has already been proven many many times. For those who work @ investment banks, at least they have more tools than a regular trader; that's why their chances increase greatly due to bigger capital and very comprehensive FA reports.



This post has been edited by AdamG1981: Apr 11 2009, 12:21 PM

yes. i lost another 70% of my newly deposited capital.

damn. i'm an emotional trader.

Scalping is for experts. Please do not try this at home.