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 FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker

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orangysb
post Feb 6 2009, 04:08 PM

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QUOTE(Ibrahimovic @ Feb 6 2009, 01:39 PM)
Can I ask another question. I'm a total newb with only 1 week of experience.

I got this from Investopedia on option

http://www.investopedia.com/articles/trading/04/101304.asp
If EUR/USD fall, does'nt it suppose to be loss rather than profit as EUR depreciated as we buy?
*
That's a put option on EUR/USD, meaning you're shorting Euro against USD.
Ibrahimovic
post Feb 6 2009, 05:31 PM

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Does that mean selling Euro?
victor131490
post Feb 6 2009, 06:21 PM

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yea. ibrahim. biggrin.gif
AdamG1981
post Feb 6 2009, 07:42 PM

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5 Essential Rules of FOREX trading

a) If you can't take the risk, DONT TRY TRADING FX. FX is the highest risk instrument available.

b) If you can't control your greed, DON'T overtrade or chase after TINY PROFITS using HUGE LEVERAGE.

c) If you can't control your emotions, DON'T do revenge trade after you lose.

d) IF you have no money management, PLEASE stay away from FX.

e) IF you have no patience, DONT EXPECT TO WIN BIG.


For further info, you can call me for FX tutorial.
jong52yuara
post Feb 6 2009, 07:55 PM

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hi AdamG1981

are you remisier, rent their office & trading for client in OSK? or just working for osk?
AdamG1981
post Feb 6 2009, 07:58 PM

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QUOTE(jong52yuara @ Feb 6 2009, 04:55 AM)
hi AdamG1981

are you remisier, rent their office & trading for client in OSK? or just working for osk?
*
I'm OSK employee.


Txi
post Feb 6 2009, 10:52 PM

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ALL Financial trading is risky .

To say that say that is like saying , don't drive cause it is risky ???

What is true is from a trader POV is local futures are crap cause the moves are so small.

in FX hell man , you can get 1000 pips every day , that's a lot .

get ready to short Sterling . This up wave won't last
AdamG1981
post Feb 6 2009, 10:55 PM

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QUOTE(Txi @ Feb 6 2009, 07:52 AM)
ALL Financial trading is risky .

To say that say that is like saying , don't drive cause it is risky ???

What is true is from a trader POV is  local futures are crap cause the moves are so small.

in FX hell man , you can get 1000 pips every day , that's a lot .

get ready to short Sterling . This up wave won't last
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Short Sterling because of? How do you know the up wave won't last? Base on what reasoning?


Txi
post Feb 6 2009, 11:03 PM

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If you really know your biz , you would know nothing is for sure .

If you knew what is a sure bet you won't be here touting for retail punters.

In fact if you are employee and not remiser why is OSK scrapping around a web forum for punters ?? LOL

I think you are a remiser.

As for why short GBP well that has no relevance to you does it , since you actively proclaim your aversion to FX trades why would you care what I short or long ?

If 1 of the guys ask me then it's different.

This post has been edited by Txi: Feb 6 2009, 11:06 PM
AdamG1981
post Feb 6 2009, 11:09 PM

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QUOTE(Txi @ Feb 6 2009, 08:03 AM)
If you really know your ,  you would know nothing is for sure .

If you knew what is a sure bet you won't be here touting for retail punters.

In fact  if you are employee and not remiser why is OSK scrapping around a web forum for punters ?? LOL

I think you are a remiser.

As for why short GBP well that has no relevance to you does it , since you actively proclaim your aversion to  FX trades why would you care what I  short or long ?

If 1 of the guys ask me then it's different.
*
Yadi yada yadi yada.

Personal attacks are all you can come up with. I am sure you can do better than being a smart ass with a loud mouth. If you can prove yourself, why do you even bother assuming what i represent and who i am. If you want a challenge, ask me out, and let me see your porfolio.

Just don't talk crap here and do personal attacks. Nobody cares dude.

And as my job title states; I am a futures broker representative, not a remiser. I am sure you know English PRETTY WELL right?

Don't be an internet gangster, talk big over the net.


PS: And OSK doesn't open FX accounts. Doh...

PSS: I am not touting for any business, these guys know me well enough to know what i represent and how i can help them. As for you, either you are afraid of me or you just want to put me down to make yourself look good. Then again, personal attacks, i had it from couple of forumers already. It only makes you look worse.


This post has been edited by AdamG1981: Feb 6 2009, 11:12 PM
Txi
post Feb 6 2009, 11:17 PM

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personal attack ?

You say you don't like to trade FX . I say short GBP , you ask why ?

I tell you no relevant to you due to what you just said ?

Why does a person who discourages FX want to know about a FX trade .

What part of this is unclear ?

Either you don't understand plain English or you are say 1 thing and change when it doesn't suit you.

If I ask you out then I would be asking to see your portfolio not vice versa , " dude ".

Are you saying part of OSK dealers job is to tout punters at 10.45pm ??


Please don't take the forum for fools , this is funny.


This post has been edited by Txi: Feb 6 2009, 11:17 PM
AdamG1981
post Feb 6 2009, 11:21 PM

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QUOTE(Txi @ Feb 6 2009, 08:17 AM)
personal attack ?

You say you don't like to trade FX . I say short GBP , you ask why ?

I tell you no relevant to you due to what you just said ?

Why does a person who discourages FX want to know about a FX trade .

What part of this is unclear ?

Either you don't understand plain English or you are say 1 thing and change when it doesn't suit you.

If I ask you out then I would be asking to see your portfolio not vice versa , " dude ".

Are you saying part of OSK dealers job is to tout punters at 10.45pm ??
Please don't take the forum for fools , this is funny.
*
I didn't say i dont like to trade FX. I just gave a caution to beginners. Which part do you not understand?

Well, i can always ask for opinion. And you take that as i am a newbie? Hence, you make assumptions about me.

Which part here that i am seeking for punters?

Oh please dude, you don't even know what you talking about. You just full of yourself. Don't be such a chicken talking shit about someone you don't even know.
Txi
post Feb 6 2009, 11:21 PM

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IF OSK don't open FX accounts . then WHY ARE YOU HERE ??

The thread is " FOREX corner " not KLCI of Corn oil corner

Can you read??

yeah right , you gave your opinion and I gave mine end of story . what part of that is unclear?

you are not seeking punters then why are your " credentials " plastered all over your posts ?? art deco ?? I don't think so . At least have the guts to be honest about what you do.

Chicken shit ? My blog is there for all to check out and FYI I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ?

Oh , you sound very angry , why don't you PM me and we can take this private ?



This post has been edited by Txi: Feb 6 2009, 11:27 PM
AdamG1981
post Feb 6 2009, 11:23 PM

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QUOTE(Txi @ Feb 6 2009, 08:21 AM)
IF OSK don't open FX accounts . then WHY ARE YOU HERE ??

The thread is " FOREX corner " not KLCI of Corn oil corner

Can you read??
*
And i cannot trade FX for myself?

Dude, your arguments are weak. Get a life, get a dictionary and come back when you are an adult okay. smile.gif


Added on February 6, 2009, 11:28 pmTsk, such "professional" person helping forumers to find a job in an investment bank. With this type of mentality, i wonder which bank you are associate with.

IF you want to carry on this meaningless argument, you can go ahead. I got better things to do than entertaining someone who can't even understand english.

This post has been edited by AdamG1981: Feb 6 2009, 11:28 PM
Txi
post Feb 6 2009, 11:29 PM

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Really ? so what are you doing during prime FX hours ? do you even know when this is ??


....... what you do best touting on the net .
AdamG1981
post Feb 6 2009, 11:30 PM

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QUOTE(Txi @ Feb 6 2009, 08:29 AM)
Really ? so what are you doing during prime FX hours ? do you even know when this is ??
....... what you do best touting on the net .
*
You got yourself PM.


Txi
post Feb 6 2009, 11:37 PM

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Ho Ho This guy's a fantasist .

he refuses / can't to read !

I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ?
Ibrahimovic
post Feb 6 2009, 11:40 PM

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I got this from InvestoPedia:-

QUOTE
You place a trade in GBP/USD. Let's say you decide to short the pair at 1.7500 with a 1.7600 stop and a target of 1.7300. At first, the trade is doing well. The price moves in your direction, as GBP/USD first drops to 1.7400, then to 1.7360 and begins to approach 1.7300. At 1.7320, the GBP/USD decline slows and starts to turn back up. Price is now 1.7340, then 1.7360, then 1.7370. But you remain calm. You are seeking a 2:1 reward to risk. Unfortunately, the turn in the GBP/USD has picked up steam; before you know it, the pair not only climbs back to your entry level but then swiftly rises higher and stops you at 1.7600.

You just let a 180-point profit turn into a 100-point loss


Again I'm confused. Why higher the price is bad?
AdamG1981
post Feb 6 2009, 11:44 PM

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QUOTE(Txi @ Feb 6 2009, 08:37 AM)
Ho Ho This guy's a fantasist .

he refuses / can't  to read !

I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ?
*
I was replying to your earlier post before you edit your post. I already gave you a pm.

So either you want to continue trying to bash me here, or you want to settle the differences outside. Simple. I don't drag my company in, or your company in our conversation.
z3171600
post Feb 6 2009, 11:45 PM

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QUOTE(Ibrahimovic @ Feb 6 2009, 11:40 PM)
I got this from InvestoPedia:-
Again I'm confused. Why higher the price is bad?
*
Because this is forex. You can make money both ways, if you expect the price to depreciate you sell the currency. If you expect the price to appreciate, you buy the currency. It's not the same as stock.

Now as for the example, you expect the currency to depreciate so you sell the currency. However, midway, the price turned against you and it is now even higher than the price you sell. Thus you are incurring losses. Hope you can understand this newbie explanation from me.

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