30 to 50 lot??!!

how I wish I can triple my account.

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Added on June 4, 2009, 8:20 amHow do u guys define lost anyway, try one time false trendline break and u consider as it fail? Keep on trying, trendline break, chart pattern is the best way to trade, even big boys using it.

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Added on June 4, 2009, 8:24 amI used to grow my USD1k become USD 3k overnight. After that lost back become USD500.

Like what we always said, it is not how fast u can make money, but how long u can keep it, maintain it.

I saw too many advertisement out there saying they earn USD900 in 15min etc. Well you can do it too, u grow AUD250 to AUD1k.

Hope u understand what I am saying.

This post has been edited by bulkbiz: Jun 4 2009, 08:26 AM

Thank You guys, i appreciate it

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Added on June 4, 2009, 8:46 amhttp://www.forexdatasource.com/Dealers/awardspage2.htm
2009 FOREXDS Trader's Choice Awards

This post has been edited by silent_killer: Jun 4 2009, 08:46 AM

c a r i g o l d . c o m

I kept asking but no one answer to my question.

So I m assuming nobody here open live account w/ Spore broker.

Basically the idea is in case got problem, it is easier go there instead of fly far.

So everybody here deal directly with US broker? funding thru Credit Card?

IIRC there is a singapore broker.. but its for the big boys only coz the startup capital in insanely huge.

ISG also singapore right? correct me if im wrong.

I'm with IBFX live account, so far either deposit or withdraw any problem, 2-5 workings day done. i always do deposit within 24 hours had done, withdrawal need around 2 days. Credit card can be use but there got charges, some broker free of charge. If you doing either deposit or withdrawal, there got a intermediate bank going to charge you $20. Hope can help you.

i didn't say I failed.. I said I lose some

don't worry bro ...just asking here what u x paham

many malaysian here....

Did you guys notice something, when you google around the net regarding forex forum, forex news, forex signal and so on, you can found that most of the comments, forum discussion, testimonial and so on, malaysian forex trader are quite the most active on the net, take a notice on it. I'm talking the link that's not related to malaysia. I'm wondering malaysian forex trader is it the most active compare to other country? But ppl always said there are less ppl know about forex in the ASIA, but i don't think so.

This post has been edited by rstusa: Jun 4 2009, 11:06 AM

Just completed my 4th grade , but couldn't fully understand SMA and EMA. I know for SMA, you take average price for certain period, but how do you use it to forecast future price. kinda have problem with that.

any other tips are greatly appreciated

updates: using sma and ema in demo account.. losing 5 pips and then I sold .. still can't figure out how to use them

This post has been edited by slickdeals: Jun 4 2009, 11:22 AM

I have a theory for you. When you google from a different ISP, google will first determine your country of origin, and then display results based on country and so on.

How would you know that the link is not related to malaysia? Or the person who posted is from Malaysia? Do you have any statistics or numbers to back up what you said?

My GOOGLE (surfing net) here doesn't mean i'm look through results from google.com. As what you said the ISP filter malaysia results first this i understood. You just take a notice on those famous forex related website, no matter forex news, forex forum, forex signal or forex broker sub link site, just take a look first and read more the comments inside, you'll discovered. For the network friends website like friendster, facebook, Hi5 and so on, you can notice that those ppl create forex group are from malaysia and you'll find difficult to look for the forex group that created by oversea ppl. If lucky that you found a forex group created by oversea ppl but you can see most of the group members still from malaysia. Maybe i'm wrong, just check it out first.

Nah, coz Malaysia want to make easy money-forex. I wonder how many of us here will still posting in this forum 3 years from now.

sure m'sian onli meh? who doesnt wan easy money

I am copy and pasting it from somewhere. If you trade smaller TF like me, u will understand about this.

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Why do brokers make money when you lose money?

First of all it is not a myth it is true!

YES, brokers loses when you win!

YES, brokers win when you lose!

I do not need to tell you that 95% of all traders end up losing overall. Those are some crazy stats and armed with those stats a broker is more than happy to take on losing and winning trades. Why? because the odds are in their favor, the fact that newbies lose is guaranteed.

The question is how do they win when you lose?

You will probably be shocked when you read the next part. When you take a trade your brokers does not put your money through to the interbank market. The money you trade goes to them and stops there. As a retail trader using a market maker broker you are not really trading the Forex market. You are trading an imaginary market created by the broker based on interbank prices market prices.

To simplify things, when you place a position they get the money and hold it in their pocket. If you make profit they pull out your money plus some of their money and give it back to you. When you lose they pull out your money minus what you lost and give it back to you, this means they pocket all your losses. To improve their chances of keeping some of your money they can manipulate prices, remember they create the market! Manipulation of prices is usually done to target large groups of stop losses. In targeting those stop losses the broker pockets all the money that their customer lose.

If you manage to break free from the pack and start making real profit consistently they then start putting your orders through to the market. This way your winning or losing does not hurt or benefit them. If they keep traders that consistently win on the normal system they start to incur losses and they do not want that.

EDIT: This is only true with market makers ECN's work differently.

Whats the deal with stop hunting?

Since the broker is creating the market they can manipulate prices. They have limits if they push it 100 pips away from true interbank prices they get in trouble but they can easily push it 10 pips further up or down. I have seen up to 20 pips manipulation from true interbank prices.

The thing you need to know though is they do not target your account specifically they target large groups of stop losses.

The question is how do you counter stop hunting?

- The easiest way is to go with an ECN who handles trades differently and does not profit from your losses.

- DO NOT SET STOPS IF YOU ARE SEATED AT YOUR COMPUTER: Stops are only for when you are away from your computer. If you are sitting at it set an alarm 10 pips above the area you would set a stop at. When the alarm rings you know its time to get out or possibly stay in if it looks like it is only stop hunting.

- When you do set stops do not set them in places where every other retail trader in the world is setting them. Remember brokers target large groups. Avoid rounded numbers like 00, 50. People tend to place stops at these levels so if you avoid these levels you could save yourself being hunted.

Avoiding stop hunting is common sense. People should stop b*tching about it and start protecting themselves.

A broker does not see your face, behind their friendly exterior all they want to do is make money. A broker needs a minimum of $5 million in reserves to keep running, on top of that they need to pay their employees. This costs money, we are talking hundreds of millions a year. They can not make that kind of money by playing nice! If all brokers treated retail traders fairly they would not exist.

Stop hunting is old news, stop traders should crying about. Time spent b*tching is time wasted, instead of b*tching look at way to protect yourself from hunting!

u r scaring ppl here

@ bulkbiz,
thanks alot for sharing man.. i got abit of confused though.. is like BROKERs vs traders.. haihz. feel like giving up.. i dunno how to set my plan.. seriously mentality punya pasal..

kaiying, u have to start trading seriously!!!!!!!!!!!!!!!!!!!!

choose ecn brokers & pay commission lor..

avoid those brokers based in cyprus, etc