True.
I'm training patience and controlling greed right now.
Still on demo.
2 month = 3 account trash
I was told that once you are trade for a long time you will change from daily trader to certain occasion trader
waiting for the big ride then only you go in.

This post has been edited by ChingChong: Jun 16 2009, 10:29 AM

Hi, I am from Kuching. I think AdamG is from Kuching too. But both of us working in KL right now.

agree...

penanghome,
sign up with one of the brokers and trade demo first...double up your demo account then only trade live. If you manage to double it up, means u can get the concept of forex already.

Here's my Marketiva demo doubled


Now i'm trying to double my demo in IBFX since I heard some bad news on Marketiva, need to get familiarize with their platform there. Any other broker suggestions?

EU 4H chart:

Breaking support line and currently testing SMA200, looking for a short here.




Another reason for short bias:

head and shoulder shampoo



This post has been edited by bulkbiz: Jun 16 2009, 10:53 AM

GU perform 3 soldier in D1 TF?



Attached thumbnail(s)

Double your account meaning like what? From 400 to 800? And from 800 to 1600? I've done that ages ago but that doesn't mean I'm ready to trade live...

Seriously one should spend at least 3-6 months learning on a demo account to make sure you're making profit consistently. That's more important.

thanks for all the comments and advices,,i have been demo 2 months now..and i guess i can learn if i trade live real money...

do share tips...thanks alot guys

Learn the basic first dude, before going real. I don't dare to say I am pro but at least I know how hard is forex trading. Like our taiko said, it is not how fast u can make money, but how long u can maintain and keep the money.

ok...every night im watching cnbc astro,channel 518..sometimes they do give gud tips...

u demoing only 2 month? please make profit consistently about 6 month..after that u can consider want to trade live or not....

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Added on June 16, 2009, 1:13 pmi agree..i'm the one that can make 100% return in a month..but get margin call in the next month...

This post has been edited by normeck: Jun 16 2009, 01:13 PM

so normally..where u traders go for tips? or hints?

forexfactory, James16 thread...just read the topic..and u will understand what should we have as a trader...

Dukascopy is for veterans.

right...i forgot to mention that doubling account for scalping. I'm a scalper, short terms, small pips but significant. If your one trade opened positions can doubled your amount, then you are right, you are not ready.

This is not a stock market or soccer bet, what tips la....just do technical analysis, or if u are advance enough analyze the market with fundamental analysis. Ok enough from me.


See how EU bounced from support line, will look for short it the price pass the blue line.

errr a silly question came in mind..
i was wondering how much exactly would you guys withdraw after exceed a certain amount? 100k? 1million? 100 million? or Billionnnn??? (err i think abit exaggerating hor..but if la)

say if one reached a 100k however its in a micro/mini account, then will you transfer it and open a new account or let it continue plant there(so that you have enough margin and leverage much, and which means earn much) ?

As if it is true that once a senior,BulkBiz mentioned that brokers target large groups (here http://forum.lowyat.net/topic/880976/+1940) , then is it also mean that we should not try to trade 1 lot using big money? then how bout those million even hundred or thousand million player?

This post has been edited by mguivono: Jun 16 2009, 06:39 PM

Hi, traders

Actually I have been searching for online FOREX trade for sometimes but I can't find one those are from Malaysia. Any recomendation to me ? If it is not from Malaysia, then which one is more reliable and is use by many traders. Online search, i can see alots but not familiar with it. Please help Thanks ya

as if you have read the thread, seniors mentioned quite many times, eg ibfx, fxcm
personally using fxcm because of the platform and deposit/withdraw way faster and easier as it support credit card transfer
now demo-ing ibfx

i dont think malaysia goverment has given license to local companies to operate forex trading...

If you found a forex broker in Malaysia, then your money depositing will be more risky. Because unreliable broker without any regulation. I believe US gov is doing better in controlling all forex broker, so i'll still choose broker from US but recently can't do hedging for US broker under NFA, the 2nd choice is the broker from UK which regulated under FSA which can do hedging. I'm currently IBFX user, on testing Alpari UK broker.

This post has been edited by rstusa: Jun 16 2009, 08:30 PM