Experts is not a scalper..

in FOREX....2 type of most popular trading style is Scalp and Swing...

Scalping = higher risk to loss (gain small pips - 1~5 in 1 position in very short period..will gain more if enter more positions)
Swing = less risk to loss (gain lots of pips in 1 position but hold for a certain period..no need to enter so many positions)

each time u open position in ur trading mean u r facing 1 risk...scalping is more popular among beginner..it is more like gambling..bcoz no need proper analysis to enter d market...but when they reach higher level of knowledge in FOREX...trader will start to bcome swinger...which need them to analyze d market very carefully before open an position.

of course overall...FOREX itself is a very high risk business...

just my 50cents.

This post has been edited by Lord1700: Apr 11 2009, 05:18 PM

anyone here using igmarkets.com? It has a leverage up to 700:1 and started since 1974. any comment about them?

Chart attached


Attached thumbnail(s)

u should also say...the capital is not yours....altho it still a burden....but not as emotional as your own capital

This post has been edited by dr2k3: Apr 11 2009, 09:51 PM

thanks for the chart as usual.

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Added on April 12, 2009, 12:37 amAt least you know what make you you lost money!!! Gambateh

This post has been edited by bulkbiz: Apr 12 2009, 12:37 AM

gd day everyone...

im a newbie in FX trading. currently im playing around with demo account before i start the live one. actually its been a month since i open my demo acc. i can make $100-$250, but in the end of the day i lose almost the same amount....hehe
somehow i found that the indicators i used contradict with each other. is it just me or they actually behave dat way?

thx in advance....

u make $100-$250 from $100k account?

even though u can earn consistently in demo account, it doesn't mean you will perform the same in live account. Don't believe? You can try:)

@Mnet
im using 1k account onli with leverage 1:100. a fren of mine once told me not to be greedy while making a position. just enuff to make a living...hehe

@bulkbiz
yup...im well aware of dat. honestly i already closed 2 demo acc coz i lose almost everything. of course i can start over with new acc since its just a demo. to lose everything with live acc, i think im not ready for dat yet. maybe i need to practice for another couple of months before i can really start with live one...

thx for both of u....i really appreciate it

Hi all, just a simple question:

Which do you think it gives you higher in return? Futures or FOREX?

it subjective.
If someone pro in future then forex income is low for him
If someone pro in forex then future income is low for her

This post has been edited by MNet: Apr 12 2009, 05:36 PM

Its depend on which fields that you are professional and comfortable at.
For example: If you have day job, then forex will be suitable for you as you can trade at nite session
while CI futures only can traded on day session

This post has been edited by dreams_achiever: Apr 12 2009, 10:50 PM

ok..... i would like to know more about forex...

any websites to recommend?
Those URLs in first post... I don't really understand...

can try to read ebook if u say u dont understand those url....there is a lot in d internet...can get free or paid one...

btw, can download for free from my web if u want...refer in my profile.

Happy study

Oh thanks...

Well, the URL at your profile is useful...easy to understand, too.

Thanks a lot~!

pls allocate only 5% of your portfolio to forex

Why?

He don't want you to lost all your money? haha

GU 5 min chart: