there was once an Indonesian came posting his forex system here and some other forums as well. Many people rebuked him since if he had created a special system to trade forex, how come he doesn't solve the poverty in Indonesia. Anyway... I did try his forex system, on a scapling method. You would need to place an order (long/short) at the indicated time with a specific exit target and a recommended stop loss.

Well it did worked for a while until the site was closed for no reason.

Not sure about autoforex thingy.. no harm trying anyway...

let see what happen....


Attached thumbnail(s)

hi, im interested to do some small forex trading, could u guys recommend me a few reliable brokers that support paypal?

i already use forex OTG in my iphone just to monitor d market movement.. so far so good

p/s: AU going up...once it fall will greatly pain..

This post has been edited by Lord1700: May 7 2009, 04:12 PM

Why do you think GU, AU, EU will fall from these levels? Have you guys even check the bond auction? I guess not!

I guess you mean US long-dated bond auction?

Auction drew a yield of 4.288% vs 4.192% forecast.
On March 12, 30 year auction yielded 3.64%.
Bid to cover ratio, which gauges demand by comparing total bids with the amount of securities offered,
was 2.14 vs 2.24 at the past 10 sales of the maturity

NFA imposes no more hedging in all the brokers regulated under NFA


it sucks big time





now i cannot trade long term of the main trend and day-trade the retracements within the same account

Next rule - long USD only :-)

lol

is NFA really protecting the brokers instead of the traders?
because many successful traders are hedgers



i don't see why I cannot go long on weekly chart and short on 5-min chart without closing the previous trade.



NFA's excuse to abolish hedging is the "spread" fees.


If NFA genuinely wants to protect the people, they are supposed to ban high leverage which kills 90% of all the traders.

But dun forget leverage is also the only way to make us rich.

But I read from forum, NFA proposal to limit leverage to 100:1 on majors and 25:1 on minors

This post has been edited by bulkbiz: May 9 2009, 11:35 AM

who has ever got rich by using 100:1 leverage in a long run?

although, people can build up some amount by consecutive lucky winning streaks, 1 mistake will be the only and the last mistake that blows up their accounts..



if you see 100 leverage, -100 pips can kill the whole account

This post has been edited by prolog: May 9 2009, 01:55 PM

Those who use super high leverage
1. gamblers, e.g. confuse between professional short term trading and gambling
2. Wall Street prop traders, e.g. not my money and I am 'too-big-to-fail'

TXI, where are you man?!!?

1.30 in June for GU right?

RHB hired dumb ass guys like you? No wonder you no longer work there. You are a joke. When GU rallies like no tomorrow, you disappear.

Chicken. If wasnt the mod deleted my post, you would have lost the bet to me.

hi all, i wanna ask which currency shall we invest now? euro, GBP or USD?

is like now 1GBP is 5.3RM.. i just wanna know is this low enough to buy now or shall we wait til it drops 4.8RM..

just wondering when wil it drop. hehe

im sorry for asking n00b questions.. cuz i really dunno how shall i ask and hope you all can educate me further. thanks ya!

Hmmm, I never play currency like this, here we all trade via broker....BUY and SELL via broker.

0o0o.. then.. then.. anyone plays currency like this? i learnt bout forex trading last time bout i din have enuf money to participate.. and now, i can only rmb something like have to set limit for high n low.. blablabla.. sad right?

nowadays u can find broker which offer minimum to start is 1usd

If you willing to learn about forex that trade with those major pairs, i can suggest you www.babypips.com/school, it is very suitable for you.

If you want to keep this for long term, maybe you can just open up a forex FD in the local banks.

This post has been edited by jex-koi: May 12 2009, 11:43 AM