hi to all lowyat forumer...

i'm new here....join this forum just to get involve with u guys discussing about forex here...

good to found out that we have malaysian forum which discuss about this business...

hope i'm allow to join u guys/gurls here..

Thanks all for d warm welcome...proud to join u guys/gurls here..

hmmm....good starting for this week movement...i mean for AUDUSD...this is what i trade..any aussie fan here...

wow..good TA there...i still hold my buy on AU...

hi boringz,

in forex got 3 main thing u need to know when related with analysis....TA, FA and SA..

TA = technical analysis which is u r using indicators to analyze d market base in d chart u see (candlestick also part of TA which u can learn from here www.candlesticker.com)

FA = fundamental is an analysis base on current economic condition n news release which can be refer here www.forexfactory.com (news calendar)

SA = speculation analysis which is normally u need to go for further study above news

and in analysis also u need to know 2 more thing which is LONG TERM and SHORT TERM analysis..

Long term is for swinger..which will make u get more than 100pips for one open position by holding in for more than 1~2 days or maybe month...

and Short term is more for scalper which only target for 3~10pips for every post they enter..

hope this help

almost 90% trader who trade normal market condition is base on TA...and FA is need when it comes to news release...dats is if u wanna trade d news..but for beginner..it is not recommended since market is unpredictable during news..it can go up or down instantly...dats y u still need to know about FA bcoz it can destroy ur TA easily..

hope this help

p/s: AU make a gr8t movement just now...almost 100pips in 1hour...cool!

This post has been edited by Lord1700: Apr 7 2009, 01:00 PM

good to trade with them...they r my old broker...i'm with them on 2007....MIG Investment rite..

now not only mig having problem with mt4 connection..other broker also d same...dats is bcoz of now malaysia is having problem internet connection to outside world...

by posting like dat, i assume u already reached advance level in market analysis...looking forward to meet u for ideas xchange

FA maybe just small word but d meaning is very big...not just news...u need to dig more about fundamental n whats it mean..

btw, bloomberg is my favourite for news..

This post has been edited by Lord1700: Apr 7 2009, 09:15 PM

to begin in forex...it is good to start with TA like i mention in my earlier post...bcoz FA it not an easy stuff to understand but not very hard to learn

this is my 1st time heard that got someone do like this..

This post has been edited by Lord1700: Apr 9 2009, 10:53 PM

each broker have different contract size and leverage that they offer...if starting capital is below 500usd...leverage 1:500 is d most suitable n u can start trade with AUDUSD since its margin requirement is low.

btw, i'm also stage 1

nice movement in AU today...i think most ppl make lots of profit...

Experts is not a scalper..

in FOREX....2 type of most popular trading style is Scalp and Swing...

Scalping = higher risk to loss (gain small pips - 1~5 in 1 position in very short period..will gain more if enter more positions)
Swing = less risk to loss (gain lots of pips in 1 position but hold for a certain period..no need to enter so many positions)

each time u open position in ur trading mean u r facing 1 risk...scalping is more popular among beginner..it is more like gambling..bcoz no need proper analysis to enter d market...but when they reach higher level of knowledge in FOREX...trader will start to bcome swinger...which need them to analyze d market very carefully before open an position.

of course overall...FOREX itself is a very high risk business...

just my 50cents.

This post has been edited by Lord1700: Apr 11 2009, 05:18 PM

can try to read ebook if u say u dont understand those url....there is a lot in d internet...can get free or paid one...

btw, can download for free from my web if u want...refer in my profile.

Happy study

sorry bro...i'm still new in this arena..

mind to describe what u mean by that statement?

owh ok...thanks for d xplanation..will get ready for it

owh..i tot he mention is for long run...

Wow...AU make big fall....almost 100pips only for this morning....need to watch out for retracement...

there is no solid reason y they not allow hedging in retail brokers...maybe it just rumors..

About NFA..

just want to highlight it here...i wrote same thing in some other forum..

NFA is not a main key to value a broker...it is just for broker which registered in USA...like here we in Malaysia, we have SSM and SC..n at US they have NFA..

so it mean if broker is not regulated by NFA..it doesnt mean that they r not ok n not regulated..it depend on which country where they registered...n they r regulated by the organization in that country..

if really true NFA wont allow hedging...it will only effect those broker which regulated by them only...n d amount is so little compare to broker which is regulated by other organization outside US.

just my 2pips

This post has been edited by Lord1700: Apr 15 2009, 02:39 PM

some word from me as newbie in this forum...

I agree both of u n william7

yes LYN is not FX dedicated forum...but how bout stock exchange...i dont think LYN is dedicated forum for stock exchange too..

if we have sub-forum...i think we not only can made mini thread for AU...but for other pairs too..for example mini thread like 'Technical Analysis for GBPUSD 2009', 'Technical Analysis for EURUSD 2009', 'Technical Analysis for AUDUSD 2009', and etc. So member can discuss about specific pairs in specific thread..forum will look more proper, manageable n tidy.

All this action will make post count higher since it will attract more people to join...n it will also increase LYN total traffic...

y dont we make in LYN here like forexfactory, fxstreet n etc...instead we direct traffic to those website...it is better we increase this forum traffic itself..

just my humble opinion..

This post has been edited by Lord1700: Apr 16 2009, 06:09 AM