most ppl uses MT4 platform ..
1. yes. got broker that do accept paypal for deposit . but not sure which .. i remembered i found one not long ago ..
2. i prefer MT4 .. ... everyone hv their own preference .. why not try some platform and see which one you like ..

huhuhu .. for me .. two losing trade in the same day, i stop for the day ..i think i wanna quit scalping .. do carry trade like last time back . more time for myself .. huhu . when scalping whole day , wanna eat also rushing .. wanna see price movement on M1/M5 .. .. single trade in a day like im used to is the best way to go ..

yeah . me too .. good to know that ..valuable information ..

Scalping is like gambling. IF you want to be Professional Forex trader, you should really quit.
I learned that a professional Forex Trader sees all timeframe and determine the right direction, and he know when is the best entry and exit. He does not trade everyday and enter a trade only when he is very very sure.
To me, small timeframe is like gambling also as there is too much noise and it is not the major direction. Unless you know the major direction and use some small timeframe to pick up a good entry.

This post has been edited by theDoy82: Mar 4 2009, 09:21 AM

So your method is more on swing trade? position trade? What is the risk to reward?

We are naked traders but trade Forex with clothes on.

Trend is your friend. We only enter when we know the direction.
Risk to reward? Hm... If I say it is 99.99% winning, then you will said it is impossible. So, i better not answer your question. Methods are dead, the trader who enters the position is not. No matter how accurate are the methods, without the correct psychology, you will lose money.

eg: When you are taught on certain rules of entry, you saw that trade satisfy all the rules and you entered and you lose money. You blame the rules are not working. Hei...did you check if that trend is almost exhausted before enter? or did you put a tight stop loss that hit your stop before the trend goes your way.. There are many more psychology issues..

That is the reason why you see so many Traders failed. Because It is 90% psychology and only 10% methods of trading.

He's smart then.



The market has potentially infinite wealth. And you don't ever know if you're playing against the market.

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Added on March 4, 2009, 1:19 pm

And we never know the direction. All this talk, and I've never actually seen anyone make so much as 5K a month for any length of time. Still though, call your shots, post them here (for proof) and then all of us can see if you really can do what you say.

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Added on March 4, 2009, 1:23 pmIf you trade over so much as one day, you will have additional charges to worry about right? yea long term you can see the trend, you know that, I know that, and the brokerages know that, that's why they charge rollover.

Forex trading (as practiced by most online brokerages) is gambling with borrowed money


This post has been edited by wodenus: Mar 4 2009, 01:24 PM

I would say, win more lost less is the key, provided your risk-to-reward ratio is at least 1:1

I don't need to prove anything. If you do not trust me, just ignore me then. I can see your mind is corrupted by a lot of false information.

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Added on March 4, 2009, 2:05 pm50-50 is gambling, not trading.

This post has been edited by theDoy82: Mar 4 2009, 02:05 PM

I found this forex firm in Malaysia, pls look at their website http://www.infinite-fx.com/ is that their firm legal in Malaysia?

Nope you are wrong, a positive expectancy trading method with risk-to-reward ratio AT LEAST 1:1 is always a winner, the greater the risk-to-reward ratio the better. Do you know what is risk-to-reward ratio?

This post has been edited by bulkbiz: Mar 4 2009, 02:21 PM

Sorry I am not good in those terms. I do not study CFA and etc thing.
I thought you meant you want to have at least 1 winning trade compare with 1 losing trade. if that so it is only >=50% of winning. The worst case is every 2 trades you enter you will have 1 winning and 1 losing. Am I right?

To us, it is not enough. I don't want to say we have how many straight wins and etc. As if I type here, I will get backfire like "show me your result" or "prove it" or etc things.

The bottom line is we are looking for positive people that trust us and we will show your our group information step by step. I never mention that you need to give me RM 10k before I tell you any information about my group. You will not lose anything by staying positive.

Erm, to be frank, I think it is a must to know all the forex basic term. I didn't study CFA also, I am IT graduate. I learn forex from www.babypips.com

Yes, from www.babypips.com had enough, no need to waste those money for forex courses. If you think babypips not enough, sometimes you can meet some forex professional traders to have a discuss or sharing with them about your skill & experience.

Oh... ok my bad. I think I am not even the basic Forex term memorizer.

An top engineering graduate is currently making a RM3k salary. A university drop out like Mr Bill is an billionaire.... Hm... I wonder why? Classic example on Learning how to do business from a business studies lecturer?

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Added on March 4, 2009, 3:13 pmIf babypips is really enough, why so many Lowyat forumer is not a millionaire yet? Knowing the information and knowing how to apply the information are 2 different thing. Like you want to plan to do a business but procrastinate to take action, you will never succeed.

But I am agree with you that, guidance by a professional traders/fund manager is very important. Look at Robert Kiyosaki, his mentor is his rich dad. Look at Tiger Woods, his mentor is his coach. Look at Warrent Buffett, one of his mentors is Benjamin Graham and Look at many other successful people around the world. They all share a common thing. They all have a mentor. Is this a coincident? I dont think so.......

This is what we are offering right now. It is not a course, it is a mentoring programme, Long Live Mentoring Programme. If you are skeptical about this. I will advise you to stay away. If you are positive and are willing to know more about what our group is doing. Well, we will welcome you warmly and let you know more information.

This post has been edited by theDoy82: Mar 4 2009, 03:13 PM

Okay, back to forex analysis.

USD/JPY H4 chart:



Please correct me, thanks.

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Added on March 4, 2009, 3:41 pmYou should not say this lar If you hang around long enough here, you will know a lot of professional fulltime trader here. Some are forex trader for bank, some are fulltime trader, they are all trading for living. Millionare or not millionare, just keep a side la. Here we discuss about currency pair analysis:)

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Added on March 4, 2009, 6:11 pmwahaha, UJ break resistance line, its gonna rally.

This post has been edited by bulkbiz: Mar 4 2009, 06:11 PM

@thedoy82
i've been reading a little of your posts. Sad to say forex courses advertising here isn't really that welcomed by most members that are active in this forex disccussion..thats for one.

another point that may irk quite a number of us is when u ask why are we not millionaires yet. i think the question should be why are YOU not a millionaire yet? u are offering forex mentoring which i'm sure is to allow people to learn how to trade and if u have a good trading strategy why aren't u a millionaire yet?

i'm not looking to flame you or anything but please.. the manner that you deliver your content is bound to irk someone.

what if transfering it over a few parts? like 50K divide 5 times over 5 days, will need Bank Negara oso?

I think 5 x FTT surcharge needed. About 1xxUSD

haha, you will not care about the transaction fees if you really have that much money to withdraw.

Finally, my GJ and EJ cover my previous lost. Trailing stop for 50 pips now:) Great wednesday.

@thedoy82

so, you think that scalping is gambling ya? Have you ever wondered you could eventually scalp more than you swing, if you actually KNOW what you're doing?

Anyway, in terms of trading or investment, Risk/Reward ratio is perhaps one of the most important part within money management, whether you trade emotionally or like a robot. How could your group didnt even tell you about money management?

Of course, it would be nice if Soros would be my mentor, or even WD Gann (if he's still alive).

I've seen a lot of "us", so..like most fellow traders here, would you mind telling me what is causing the consolidation of EUR/USD right now, and that how could Dow Jones and US Treasuries could be falling at the same time?

Perhaps you're like me, not from a financial background. It would be appreciated if your group could help me out with this. It'll make your group popular anyway

You misunderstood my meaning, I would like to say Babypips is not enough. That's it. OK, fine. I take take back the millionaire statement. I said before that forex trading needs time to learn may be 3/4 years, provided that you are following the right people and with the right psychology.

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Added on March 5, 2009, 12:32 amGood luck in your scalping technique then. Oh.. I am not good in money management and I am still learning... so I think I need to learn from you. I hope you are happy now. Put on 84 sma in EU see the monthly chart. Sorry, no fundamental in our group.

This post has been edited by theDoy82: Mar 5 2009, 12:32 AM