wow hey thats awesome then.
that's one piece of action where the gov can't touch on. hehe

Anyone is a full time trader, trading for a living? Can share successful experience? Not trying to make enormous amount but a modest income (RM1-2k etc.) enuf to survive monthly.

Even if u're trading with USD 1K already can earn USD 1k every month, provided u earn steady USD 50 everyday.. n u trade every working day for de whole month.. If u could hold urself fr being greedy, i think its feasible..

@ibrahimovic
the best knowledge u can get is by getting experience hands on the metatrader... its demo.. try everything and keep it realistic to your risk appetite.. just click around and you will know what it is for.

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Added on February 5, 2009, 7:48 pm@woodenus
xblade123 claims he's earning 1k monthly on what capital? if his capital is 10k i'm not surprised. But yes some prove would be nice elite traders like adam earns more then 1k (and he has shown prove to us) on certain months but even he has some months that he doesn't make.. no way can someone claim they sure win every month

USD/JPY H4 chart:

Long/Short if price break either side. But beware of the resistance line if go long.

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Added on March 2, 2009, 11:35 pm
Nope, he withdraw the money.

a gambler with finite wealth, playing a fair game (that is, each bet has expected value zero to both sides) will eventually go broke against an opponent with infinite wealth.

Trend is your friend. We only enter when we know the direction.

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 morning entry....looking back at afternoon....

shhhh!! ...i just jump into live trading...pray for me that i get profit here....hehe

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Added on March 11, 2009, 11:23 pmall sell take profit at 40 pips..stop loss HH....need go to sleep...bbye

shorting eu will be disastrous careful

GJ got 40 pips..the others hit SL...

Yes that how I trade. Don't know that strategy called position trader. haha. Try different strategy like scalper/day trader but it doesn't work for me. With this strategy, I even have a couple of position still open since a few months back. But it doesn't matter as it is interest positive.

How do you trade & which pair you like?

Since carry trade collapse end of last year, I think it should be the other way. From technical perspective, if look before the collapse, almost all interest positive pair move up especially the pair that I trade now A/U & A/J. When it collapse, it drop to almost its hostorical low which means that its strong support level. Since it still interest positive, I believe when the time comes, carry trade will start again.

From fundemental economic point of view, during current economic crisis. US & Japan will suffer the most & Australia will be better than them. When economy recover later I believe comodity exported country like Australia will benefit the most & this will increase the value of Australian Dollar.

However this is suitable for trader that see for long term.

Anyway it just my 2cents points of view.

Yes, you need to have sufficient margin. But remember always start small trade size & increase the trade size if it fall >5% & increase again when it fall >10%. Beware that this strategy is not mean to all interest positive pair. I believe this strategy good for AUD/JPY & AUD.USD pair since it already drop to close to its hostorical low.

For example & taken from my trading. I long A/J at 0.65 in early January with trade size 250 unit only & keep buying with 250 unit every 50 pips drop. All my position have no stop loss but some of the position with target point of at least 50 pips & gain small profit with this & keep buying at the same entry. Unfortunately the pair keeps droping to <0.62 within 2-3 days. I keep buying but at below 0.62 but this time my trade size increase to 500 unit every 50 pips until it drops to 0.59. Similar here take some profit on rebound. My trade size increase again when the pair drop <0.59. I keep buying until it drop to its lowest 0f 0.555 (almost historical low). When the pair rebound I collect handsome profit with all my trade without a single trade close with loss position. As of now left only 2 position open.

Margin wise, I have sufficient margin until the pair drop to <0.50 & will top up if it keeps droping.

I like this kind of trade because you do not need to stare up at your screen most the time & also to keep my blood pressure low. 
On interest positive pair example AUD/JPY. It will always be positive as long as Interest Rate for AUD is higher than JPY interest rate plus ~1.25% (this is broker margin). Now AUD intest rate is about ~3.5% and JPY interest rate is ~0.25%. So my net interest gain is ~2%. So as long as you long this this pair you gain ~2% interest but you have to pay if you short. Means that you keep gaining in interest although your unrealized profit is negative.  The gain can be big if have large trade size. This is what we  call carry trade.

Hope you understand.

I am using OANDA. They even allow you to trade 1 unit.

So u wil get one demo account in MT4 to see your long term chart 

Alternatively I am using netdania. They offer online long term chart.

Made 25 SGD within 30 minutes this morning from NZD/JPY. Is that considered good profit? I'm on a micro demo account.

Why not? If your trading method accurate.

Did I read that correctly? Insisting on you faxing copies of (identification?) documents is bad?

Why?

FOREX is not looking at charts all the time 

Please remember, durable goods and new homes sales data out tonight. It's either EU up to 1.35 before FOMC, or back down to 1.30.

Buy on dips.

Depends on your trading methadology. Some uses moving averages as support, resistance, some uses SR, some uses bollinger.