I'm new to this forum. Hope can learn as much as i could from u guys!
FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker
FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker
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Jun 27 2009, 11:33 PM
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#1
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Junior Member
107 posts Joined: Apr 2009 From: KL |
Hi everyone,
I'm new to this forum. Hope can learn as much as i could from u guys! |
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Jun 28 2009, 12:36 AM
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#2
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Junior Member
107 posts Joined: Apr 2009 From: KL |
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Jun 28 2009, 10:31 AM
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#3
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Junior Member
107 posts Joined: Apr 2009 From: KL |
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Jun 28 2009, 05:22 PM
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#4
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Junior Member
107 posts Joined: Apr 2009 From: KL |
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Jun 29 2009, 10:10 AM
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#5
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Junior Member
107 posts Joined: Apr 2009 From: KL |
QUOTE(AMS @ Jun 28 2009, 08:03 PM) 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. noted. I'm noob since still "fresh" in FX. Will learn more from u guys. Btw, oanda is a not bad choice. Fxopen support Maybank transfer, but Fxopen is not regulated. Add-on: No income come apply FX account. 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! 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. Yeah, I found FA really confusing me. anyone know which websites provide better info for FA and news? Forexfactory & Dailyfx? anymore than that? |
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Jun 29 2009, 12:16 PM
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#6
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Junior Member
107 posts Joined: Apr 2009 From: KL |
QUOTE(BlueHeng @ Jun 29 2009, 11:24 AM) QUOTE(rstusa @ Jun 29 2009, 12:06 PM) Thanks.. 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. 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 $$. 2. Good customer service. 3. Low spreads. 4. Regulated company (if it is, better) 5. Micro account (trade 0.01 lot) I know the risks involved. So, I won't put so much money into the account. |
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Jul 1 2009, 08:41 AM
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#7
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Junior Member
107 posts Joined: Apr 2009 From: KL |
QUOTE(rstusa @ Jun 30 2009, 09:31 AM) You can try ibfx.com, it provide the service that you need, that's my experience below:- It's a nice broker! Thanks! but I can't select "micro account" when I "try" to register for a real account. I can't trade micro lots in mini account, right?1. Easy to transfer/ deposit/ withdraw $$. 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. 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: Attached thumbnail(s) |
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Jul 3 2009, 08:39 AM
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#8
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Junior Member
107 posts Joined: Apr 2009 From: KL |
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. Thanks. But IBFX is regulated by NFA, right? New NFA rule forces me choose for other brokers, which are not regulated by NFA. |
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Jul 5 2009, 02:44 PM
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#9
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Junior Member
107 posts Joined: Apr 2009 From: KL |
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:- Thanks..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 QUOTE(AdamG1981 @ Jul 3 2009, 01:01 PM) frankly, I'm not the person. QUOTE(MNet @ Jul 3 2009, 03:44 PM) wat's DD? yes, you are right, I'm not her. |
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Jul 12 2009, 09:53 PM
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#10
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Junior Member
107 posts Joined: Apr 2009 From: KL |
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. 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. 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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Jul 12 2009, 11:15 PM
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#11
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Junior Member
107 posts Joined: Apr 2009 From: KL |
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