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

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瘟神
post Jun 27 2009, 11:33 PM

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From: KL
Hi everyone,

I'm new to this forum. Hope can learn as much as i could from u guys! biggrin.gif
瘟神
post Jun 28 2009, 12:36 AM

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QUOTE(mphpopular @ Jun 28 2009, 01:08 AM)
brows.gif  I like your avatar.
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smile.gif but I'm not the lenglui.. tongue.gif anyway, I think EU will go down for next monday. I saw the long-leg doji in 4H chart. what's your opinion, guys?
瘟神
post Jun 28 2009, 10:31 AM

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QUOTE(mphpopular @ Jun 28 2009, 01:59 AM)
Too Sad, your sister?
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QUOTE(WhitE LighteR @ Jun 28 2009, 03:02 AM)
and yea.. like mphpopular say... its sad that is not you...  laugh.gif  laugh.gif
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sweat.gif it's better for us back to discuss FX.. tongue.gif


瘟神
post Jun 28 2009, 05:22 PM

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QUOTE(rstusa @ Jun 28 2009, 05:31 PM)
We all knew who are you, your signature there told us.
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blink.gif

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Correct me if I'm wrong:



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瘟神
post Jun 29 2009, 10:10 AM

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QUOTE(AMS @ Jun 28 2009, 08:03 PM)
tu awek shemale  brows.gif ....jg tu nnt raber2 nnt teraber pulak meriam besar  sweat.gif
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dun understand........

QUOTE(mphpopular @ Jun 28 2009, 08:05 PM)
You can check my EU H4 in previous page. Basically I support your Uptrend minor channel. But not the Downtrend Channel.

Btw, oanda is a not bad choice.
Fxopen support Maybank transfer, but Fxopen is not regulated.

Add-on:
No income come apply FX account.
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noted. I'm noob since still "fresh" in FX. Will learn more from u guys. smile.gif
Thanks for the info! Which broker got use CIMB as transfer/ funding? doesn't matter if it is not regulated. just want to experience in real live trading! tongue.gif

QUOTE(BlueHeng @ Jun 29 2009, 10:11 AM)
Damn all this FA is confusing for a noob like me. But I think I get the gist of it. Thanks for sharing with us.  notworthy.gif
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Yeah, I found FA really confusing me. anyone know which websites provide better info for FA and news? Forexfactory & Dailyfx? anymore than that?
瘟神
post Jun 29 2009, 12:16 PM

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QUOTE(BlueHeng @ Jun 29 2009, 11:24 AM)
errr.. perhaps watch more bloomberg? hmm.gif
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QUOTE(rstusa @ Jun 29 2009, 12:06 PM)
You can try actionforex.com
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Thanks.. smile.gif

QUOTE(rstusa @ Jun 29 2009, 12:06 PM)
Actually no matter which bank you using, you still can transfer to any borkers, it is called Telegrahic Transfer. If you don't care the regulation, just want to experience real live trading, then i suggest you invest the money you can afford to lose.
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so, how much is the charges per transaction/transfer? Of course I got consider for regulated broker, such as Oanda. Just want to find broker that would provide services that:
1. Easy to transfer/ deposit/ withdraw $$.
2. Good customer service.
3. Low spreads.
4. Regulated company (if it is, better)
5. Micro account (trade 0.01 lot)

I know the risks involved. So, I won't put so much money into the account. biggrin.gif
瘟神
post Jul 1 2009, 08:41 AM

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QUOTE(rstusa @ Jun 30 2009, 09:31 AM)
You can try ibfx.com, it provide the service that you need, that's my experience below:-

1. Easy to transfer/ deposit/ withdraw $$. 
    a) Transfer funds to other broker within 24hours
    b) Deposit within 24hours
    c) Withdrawal within 48hours

2. Good customer service.
    a) 24hours support with fast response.

3. Low spreads.
    a) 2-4pips spread for major pairs, the spreads are very stable all the time excluded news time. Leverage up to 400:1

4. Regulated company (if it is, better)
    a) NFA, FCM, CFTC

5. Micro account (trade 0.01 lot)
    a) Pls note, some broker allow you to trade 0.01lot, but it is belongs to micro lot size which is $0.10/pip, but IBFX provide nano lot size which is $0.01/pip while you can trade smaller.

Just take a try on their demo and experience it.
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It's a nice broker! Thanks! but I can't select "micro account" when I "try" to register for a real account. I can't trade micro lots in mini account, right?

They only give 3 alternatives:
1. Standard Account (100:1 leverage).
2. Mini Account (200:1 leverage).
3. Mini Account (400:1 leverage).

View attachment below:


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瘟神
post Jul 3 2009, 08:39 AM

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QUOTE(rstusa @ Jul 1 2009, 10:59 AM)
You just need to choose this 3. Mini Account (400:1 leverage).  Then you can trade 1.00 lot for mini, 0.10 lot for micro & 0.01 lot for nano.
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Thanks. But IBFX is regulated by NFA, right? New NFA rule forces me choose for other brokers, which are not regulated by NFA. sweat.gif
瘟神
post Jul 5 2009, 02:44 PM

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QUOTE(rstusa @ Jul 3 2009, 10:45 AM)
For the new FIFO rule created by NFA, it had made some changes to our trading, actually is good for us to prevent losses or margin call. Here the changes that affected:-

1) If apply FIFO: You need to close the 1st trade before you can close the 2nd trade, but you still can open the same lot size for the same pair. Only can create S/L & T/P for the 1st trade.

2) If without FIFO: You can't open the same lot size for the same pair and you need to open different lot size for them, Eg: 1.00 lot for 1st pair and 1.01 lot for 2nd pair.

Do you want to know why the NFA is enforcing this rule?
It's supposed to be a protective rule to prevent you from incurring major losses on a set of losing trades. If you didn't close the first opened first hoping the market would retrace to either minimize your losses or potentially achieve a small profit, the NFA feels that too often the market does not retrace to just compound your losses further until you hit margin calls. I think the NFA created the exception for different lot sizes to rule more with a velvet glove than an iron fist because it gives traders some flexibility and keeps a balance between protective vs. controlling for the new rule.

For more info, please visit http://www.nfa.futures.org/news/newsNotice...?ArticleID=2273
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Thanks..

QUOTE(AdamG1981 @ Jul 3 2009, 01:01 PM)
Is that you in the avatar displayed?
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frankly, I'm not the person.

QUOTE(MNet @ Jul 3 2009, 03:44 PM)
After do some DD, this is not the person.
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wat's DD? yes, you are right, I'm not her.

瘟神
post Jul 12 2009, 09:53 PM

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QUOTE(mphpopular @ Jul 12 2009, 09:51 PM)
Erm, I hav differnt opinion with you. If you are start small, something like USD 20-50 as a learning process. You can go for fxopen as it provide maybank online banking service.

Bcoz if you juz wan to start with usd50, then you go use alpari-uk, the credit card funding process already nid you to pay USD 25 already le.

If you want to trade big, surely go for regulated.
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I personally agree with mphpopular . With small amount of $$, live trading experience could be gained. The maximum risk is only that few-tenth dollars. If want to trade big, of cause, I also will choose for regulated one.


瘟神
post Jul 12 2009, 11:15 PM

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QUOTE(rstusa @ Jul 12 2009, 11:51 PM)
You can trade whatever broker you want or how much capital, just remember INVEST THE MONEY YOU AFFORD TO LOSE.
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This one for sure. smile.gif but I will make sure my loss in trading is smaller than gain.

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