I am not sure whether izit true, but nah...i am gonna stick it my current broker. Will avoid placing SL at the place that most retail trader will place eg above/below fib line etc.

Get a non-dealing desk broker. The transactions are fully automated. But try to avoid placing stops at round numbers. I normally place it a few pips lower. If you are dealing with GBP pairs, make sure the stops are large enough (at least 80 pips). I used to have 60 pips stops, but most of the time got hit at minus 70pips before reversing to hit your target

---

Added on June 5, 2009, 7:19 amI think ECN brokers will require large deposits and the trade size are standard 100K ($10/pip). Furthermore, the leverage is not high enough.

This post has been edited by dsugums: Jun 5 2009, 07:19 AM

As i think trade with those brokers under CFTC or NFA are more safe, although there still got a risk but at least control by US gov, better than those in Cyprus.

This post has been edited by rstusa: Jun 5 2009, 08:34 AM

Yea we have to accept it, because we are all retail trader, instead of avoiding it, why don't we accept and adjust our strategy.

I have studied all the stuff in babypip, now need to open a demo account.
Which forex company offer free demo account?

Malaysian FX traders are pros. Came out tops in FXDD Forex contest. Both mini and standard account. Beating Australia, Indonesia, South Korea..

link;

http://www.fxdd.com/en/forex-contest.html?...actID=135543428

That's why i said Malaysia forex traders are quite active among other countries, now all you guys found it out in FXDD broker, try check it out on other too.

Almost every company I've came across offer free demo account. I'm personally using PFG FX trader's demo account. Learning how to steadily gain 5-10 pips a day. Not a lot of money but consistency is the key to success right?

I see your point. Probably the good ones are from Malaysia and the poor traders are also from Malaysia. I've seen a lot of Malaysians loosing money because of greed and impatience. Sad case.

Malaysia this country got a lot oversea ppl never heard about the name before, you can see that malaysia is not quite famous among all stuff compare to other countries but i believe there are a lot hidden dragon inside still haven't awake. Yes, i agree your point too, malaysian although a lot active in forex but there still got a lot ppl losing money because of greedy & impatience and even most of them already given up to forex trading. There are a lot different kinds of ppl in malaysia. Why i said malaysia got a lot hidden dragon? This is all affected by the country management forcing some of the ppl to do that, are you the one?

He won USD50k just like that. haha. Great trader.

Agree hope in 2-3 year time.

---

Added on June 5, 2009, 5:14 pmUSD50K real moni

Malaysia BOLEH.

This post has been edited by 266K: Jun 5 2009, 05:15 PM

nyeh nyeh I made 50 pips and lost 10pips on yesterday's trade. 4 trades made in total.

50 pips oni come here brag liao

haha well it's obvious when someone brags about getting 50 pips, he's a noob.
And besides, I'm trying out a new system which I've just a read about.

This post has been edited by BlueHeng: Jun 6 2009, 09:23 PM

To all muslim traders,

Is forex halal ?

I'm not a muslim.. but i dont see why its not a "halal" job. Its not gambling as you dont put ur fate in chance. You work hard and work smart u get paid accordingly..

It's not about gambling or not (which is obviously NOT), it's about leverage thingy. Thanks for answering though.

If any of you guys have any reading material, fatwa etc about forex (leverage) in islam, please feel free to post it here.

Arigato hozaimas

This post has been edited by slickdeals: Jun 6 2009, 11:18 PM

Seriously I know a lot of Muslims investing in forex. It's not a gamble and if you work for it, there's barely any luck involved (in my opinion). What's wrong with the leverage? To me leverage is like a voltage transformer that's all.

yup..and a lot of muslims practice corruption too no offence to any government

just wanna make sure everything is accordign to my religion point on view.

---

Added on June 7, 2009, 12:07 amyup..and a lot of muslims practice corruption too no offence to any government

just wanna make sure everything is accordign to my religion point on view.

This post has been edited by slickdeals: Jun 7 2009, 12:07 AM

there's some ustad said that we can play forex....and some of them say cannot too....u can check it at zaharuddin.net i think..or refer at c a r i g o l d ...there has been discussing about halal and haram in forex....

for me...as long as the broker said there's an Islamic account like No swap..then i go through in this trading...

we buy and sell currency...we not gamble...we trade base on what we read/we study the economic situation ...

halal and haram in forex was about leverage isn't? what do you understand about leverage?
we can buy big lot with less money? heheh...