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BlueHeng
post Jun 3 2009, 09:03 PM

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Hello everyone! I'm new in FOREX trading. Just started reading some books and watching tutorial videos (from fxclub.com) + babypips and other sources for the past few days. Learning how to identify patterns and technical analysis. If all goes well I shall start using a demo account by end of this month. =P

Btw have anyone heard of OrangeRoshan aka OR? My friend intro-ed me but the membership is quite ridiculously expensive.

This post has been edited by BlueHeng: Jun 3 2009, 09:04 PM
BlueHeng
post Jun 4 2009, 12:40 PM

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QUOTE(rstusa @ Jun 4 2009, 11:06 AM)
Did you guys notice something, when you google around the net regarding forex forum, forex news, forex signal and so on, you can found that most of the comments, forum discussion, testimonial and so on, malaysian forex trader are quite the most active on the net, take a notice on it. I'm talking the link that's not related to malaysia. I'm wondering malaysian forex trader is it the most active compare to other country? But ppl always said there are less ppl know about forex in the ASIA, but i don't think so.
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I have a theory for you. When you google from a different ISP, google will first determine your country of origin, and then display results based on country and so on.

How would you know that the link is not related to malaysia? Or the person who posted is from Malaysia? Do you have any statistics or numbers to back up what you said?
BlueHeng
post Jun 5 2009, 03:40 PM

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QUOTE(jasonkwk @ Jun 5 2009, 12:01 PM)
I have studied all the stuff in babypip, now need to open a demo account.
Which forex company offer free demo account?
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Almost every company I've came across offer free demo account. I'm personally using PFG FX trader's demo account. Learning how to steadily gain 5-10 pips a day. Not a lot of money but consistency is the key to success right?

QUOTE(rstusa @ Jun 5 2009, 12:55 PM)
That's why i said Malaysia forex traders are quite active among other countries, now all you guys found it out in FXDD broker, try check it out on other too.
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I see your point. Probably the good ones are from Malaysia and the poor traders are also from Malaysia. I've seen a lot of Malaysians loosing money because of greed and impatience. Sad case.
BlueHeng
post Jun 6 2009, 09:52 AM

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nyeh nyeh I made 50 pips and lost 10pips on yesterday's trade. 4 trades made in total.
BlueHeng
post Jun 6 2009, 09:23 PM

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QUOTE(WhitE LighteR @ Jun 6 2009, 08:59 PM)
sweat.gif

50 pips oni come here brag liao laugh.gif  laugh.gif
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haha well it's obvious when someone brags about getting 50 pips, he's a noob. notworthy.gif
And besides, I'm trying out a new system which I've just a read about.

This post has been edited by BlueHeng: Jun 6 2009, 09:23 PM
BlueHeng
post Jun 6 2009, 11:39 PM

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QUOTE(slickdeals @ Jun 6 2009, 11:16 PM)
It's not about gambling or not (which is obviously NOT), it's about leverage thingy. Thanks for answering though. biggrin.gif

If any of you guys have any reading material, fatwa etc about forex (leverage) in islam, please feel free to post it here.  rclxms.gif

Arigato hozaimas biggrin.gif
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Seriously I know a lot of Muslims investing in forex. It's not a gamble and if you work for it, there's barely any luck involved (in my opinion). What's wrong with the leverage? To me leverage is like a voltage transformer that's all. hmm.gif
BlueHeng
post Jun 9 2009, 10:35 AM

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errr well I'm noob. what's up?
BlueHeng
post Jun 9 2009, 01:29 PM

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QUOTE(AdamG1981 @ Jun 9 2009, 11:13 AM)
Oh i see. So far from what i gather, you guys attempt to trade forex just using TA?

Do you know TA is not 100% accurate most of the time?

From my experience, its the character of the trader and how he manages his emotions are more important than all the stochastics, rsi, etc etc.

I don't have time for classes, and even if i do give advises and tips, it will be very seldom. After all, one must accept losses before he can actually thread water.
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Of course we know TA isn't accurate 100% of the time. But as a noob I assume that's where I should start first right? And get the fundamentals correct.

Total for this month so far +153 pips.

Hopefully it'll be consistent and not go negative. =.="
BlueHeng
post Jun 9 2009, 04:01 PM

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Well if you're talking about the psychology part of forex trading I understand more or less what you're talking about. That's one of the things I read about in the few books I'm going through now. One of them seems quite popular - "Millionaire Trader's How- Everyday People Are Beating Wall Street at Its Own Game".
BlueHeng
post Jun 11 2009, 04:38 PM

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QUOTE(mphpopular @ Jun 11 2009, 04:11 PM)
GU resistance area
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looks like an ascending triangle pattern. I wonder if it'll break the resistance. hmm.gif
BlueHeng
post Jun 14 2009, 09:46 PM

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QUOTE(penanghomes @ Jun 14 2009, 08:01 PM)
apa tu scalping?? tak pernah dengar..tolong bagi explanasi?
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I would strongly suggest that you do not trade in forex just yet. It appears that you barely even scratched the surface. Saying that you understand the basics when you've never even heard of scalping is truly overrated. Try learning more at forexfactory.com. Forex is not something simple and I've learnt that the hard way. It's not something that you can start off and earn RM1-2k a month. That takes loads of time, patience, and dedication. Go play around with a demo account for 3-6 months first or take longer if you require the time to learn. Remember, practice makes perfect. Spend more time reading to widen your knowledge on technical and fundamental analysis.

To all: Please use English. If I'm not mistaken this is an English forum and the short forms (in BM) you're using is somewhat confusing to idiots like me.
BlueHeng
post Jun 16 2009, 11:46 AM

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QUOTE(hamster9 @ Jun 16 2009, 10:44 AM)
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  tongue.gif 
user posted image

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?  rclxub.gif
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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.
BlueHeng
post Jun 20 2009, 03:27 PM

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QUOTE(iamfine1983 @ Jun 20 2009, 03:11 PM)
BNM does not approve any forex company. All we have to do is just to launch a complaint to the Securities Commission Malaysia and they are dead. In Malaysia we are not suppose to even trade forex but they are just closing one eye at the moment. For the passed couple of months they have closed down more than 20 Forex company in Malaysia. One of the requirement to open a trading company in Malaysia is you need a paid up capital of RM5 million.
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If we are not allowed to trade in forex then explain how did the free workshop in KLCC happened? It was considered a major event. Don't tell me the government 'closed an eye' as well?
BlueHeng
post Jun 20 2009, 05:50 PM

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QUOTE(rstusa @ Jun 20 2009, 03:33 PM)
As i know the expo in KLCC all the brokers there are not regulated in Malaysia, so they're allowed.
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QUOTE(iamfine1983 @ Jun 20 2009, 04:16 PM)
You see, what they are providing is education. If it is regarding about commodities or stock it is allowed but with proper licensing, but not for forex. If they have forex it will just be education.


Added on June 20, 2009, 4:18 pm

haha talking about survivor, we should consider United States. They have proper human rights unlike malaysia. A normal waitress will get roughly 3k USD monthly, its enough to buy a new BMW 3 series. So we live in a country where there's pros and cons.


Added on June 20, 2009, 4:22 pm

You can open a direct trading account in UK, i think barclay they have that service but you need at least 500-1 Mil USD to start your trading account with them. Or unless if you have that volume.
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I'm still having a hard time understanding the logic behind it. If the government allow them to 'educate' us about forex trading, it(forex trading) shouldn't be something that's restricted (or not allowed). A good example is that no one will have a big workshop on how to play poker or blackjack in KLCC (or worst still 'how-to-smoke-weed').

I do understand however that forex brokering is not allowed in Malaysia.
BlueHeng
post Jun 21 2009, 12:16 AM

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QUOTE(penanghomes @ Jun 20 2009, 11:29 PM)
Can anyone here recommend a good online trading broker,low spreads,no deposit and no withdrawal fees,and easy to use platform,user friendly...and fast payout too...........
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Why are you so desperate to find a 'good broker' so soon? You're still new in this. Honestly almost any demo account from most of the popular brokers will do. By the time you're almost ready (which is probably about 4-6 months down), things might be different with the so-called recommended broker. Just practice for now and look for a broker later. Take things slowly bro.

Anyway if you're really in such a hurry to find a broker, just scroll back few pages and you'll be able to find some.

This post has been edited by BlueHeng: Jun 21 2009, 12:17 AM
BlueHeng
post Jun 23 2009, 11:05 PM

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What is this? Give them your money and they manage for you? Or...? If this is another one of those 'deposit USD1000 with us and we'll double it for

you' programs, please bring it elsewhere. We're not interested. However if this is something else, do elaborate.

edit: removed quote

This post has been edited by BlueHeng: Jun 24 2009, 08:44 AM
BlueHeng
post Jun 24 2009, 04:29 PM

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QUOTE(AdamG1981 @ Jun 24 2009, 03:19 PM)
Short EU, GU, AU now.
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Thanks for the heads up. Very kind of you. smile.gif
BlueHeng
post Jun 29 2009, 09:11 AM

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QUOTE(AdamG1981 @ Jun 29 2009, 04:59 AM)
Sooner or later it all comes crashing down (crashing down),
crashing down (crashing down) when everyone's around
I bet you would've paid up all your cash down (you'll cash down)
and not make a sound (to make a sound) everyone knows now

SOONER OR LATER IT ALL COMES CRASHING DOWN.....

PS: Don't forget lehmann, Madoff....etc biggrin.gif

REVENGE OF THE USD coming to you SOON in MT4's nearby. (3rd quarter 2009)


Added on June 29, 2009, 5:39 amHere's my pov, from a fundamental standpoint.

US new & pending home sales are not getting any much better despite better durable goods and consumer sentiment. The stimulus check Obama gave to 50 million receipients are saved up. This would be troubling to the Obama admin. since it doesn't boost consumer consumption to have all these checks saved up.

Do remember earnings are released next month. Expectations are way too high in my opinion. Bottom margins have eased off a little due to cost cutting mainly inventory cutting and reduction in payroll. However, its time US companies show their sales are improving. If not, say goodbye to Dow.
My recommendation for July:

Short yen pairs, short usd pairs.

Short Financials, and consumer discreationary stocks.
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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
BlueHeng
post Jun 29 2009, 10:24 AM

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QUOTE(瘟神 @ Jun 29 2009, 10:10 AM)
dun understand........
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 
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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errr.. perhaps watch more bloomberg? hmm.gif
BlueHeng
post Jul 3 2009, 02:44 PM

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QUOTE(AdamG1981 @ Jul 3 2009, 12:01 PM)
Is that you in the avatar displayed?
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you interested? lol

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