Oh ok.. thanks.. i'm not familiar with stocks

Well I can say, put a SL is important.

anyone see a nice head and shoulder pattern on eu daily chart?

daily? I don't see bro..

but hourly, yes. kinda.

I never use stops, because i m pretty good in analyzing my charts. So far i have always won more than i lost, without using any SLs.

Yea that is because you know what you are doing:)

But I don't encourage this to new trader, I believe you will agree too ><

Streamyx is useless for FXCM. If you want better connectivity, try Celcom broadband. I am using it at the moment and the refresh rate is much better now. It will cost you RM68 /month, but I think it is worth it.

Yea a lot of complain about FXCM link. I am about to change broker too.

Please use those platforms that are simple and not so java oriented.

Of course noobs shouldnt be trading without SL. For my case, if i lose, i always make sure i have an exit plan to regain what i lost.

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Added on May 3, 2009, 2:49 pmHowever, the problem with noobs is the relunctancy to admit his/her mistakes. Like for myself, when i see things going wrong, i cut loss immediately and getting ready to execute my exit plan. Those who trade often enough should be thinking this way too.

If it touches my SL, what's my exit plan? What can i do to hedge against my losses?

God gave us a brain, and most of us don't use it.

This post has been edited by AdamG1981: May 3 2009, 02:49 PM

Do you sit in front of computer 8 hours per day?

Yup, i work for an IB. that's part of the job scope.

you in OSK, i wondered can trade XAU pair with OSK or not?

Nope, that's one of BNM laws.

IMHO, not putting stoplosses (that is having a flexible exit point) is far better than having stoplosses. But i think putting or not putting stoplosses depends on the individual. Some people had more discipline than other. Some are more relax(they are able to think without fear/hope interfering their judgement.)
For some people like me, i got to put stoploss is a must, cos i tend to revert into hope,everytime a position is losing,reanalysing over and over and keeping the trades, banking on false hopes.

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Added on May 3, 2009, 7:51 pmhmm,there is something that looks like inverted H&S

This post has been edited by woopypooky: May 3 2009, 07:54 PM

Change broker because your broadband connection is bad for accessing your broker website? In another country, you should change your broadband provider(the culprit). In Malaysia, I suggest you subscribe to a wireless broadband provider as a backup.

what do u mean? BNM law dont allow Malaysian trade XAU pair?

BNM doesnt allow IBs in forex trading which includes buying/selling gold derivatives.

hi, anyone using fxcm micro ?
or which brokr would you recommend for a beginner ?

wat about etoro ?



This post has been edited by bcktang: May 4 2009, 01:17 AM

Agreed! No stoploss for me too at all if you guys did a good job in your own method, just like what AdamG1981 bro said hedge back from stock & options but i'm not hedge from stock, i hedge from forex's loss by forex's profit but i'm not using hedging method. I just use not more than 20min per day in front of my pc.

This post has been edited by rstusa: May 4 2009, 08:39 AM

FXCM is slow in malaysia bro

it's TM related issue

other countries r fine



so just get some other broker if you want a stable connection in malaysia