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Old 25-11-2016, 11:48 PM   #1
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*Official* Forex Trading thread.

Seems like no thread on Forex except for FCS.

Talk about Forex trading here.

Scoop for cai png or 2 Star Michelin food all are also welcome for "horse race".

TRICKS OF THE TRADE
1) Work out a strategy that suits your trading style.
2) Capital preservation. In this game the winners are marathon runners not sprinters.
3) Before each trading day read up financial news and upcoming economical data release timeline first.
4) Have a healthy margin level. In case flash crash happens.
5) Trade currency pairs with tighter spreads and high liquidity.
6) Risk to reward ratio. If instinct tells you it is a bad deal. Walk away. Plenty of opportunities going forward.

There are too many factors to list here. One will learn as you go along. Eg. AUD, NZD, CAD are correlated to commodities prices.

RISK MANAGEMENT
Low risk appetite: Place stop loss at 10 pips.
Medium risk appetite: Place stop loss at 20-30 pips.
High to extreme risk appetite: Place stop loss from 50 pips to no stop loss.
Your risk appetite is also getting higher?

I think you guys are starting to get the hang of it. This is what I meant by letting it run its own course. Use stop loss sparingly because your profits will be eaten by frequent stop loss cuts.

EUR, GBP and JPY are highly volatile especially if there are major data releases. The price movement will prata (range bound) multiple times and triggered all stops both north and south bound.

Sometimes we must also learn how not to trade when positions are stuck. Do not do dollar cost averaging with multiple positions on same currency pair because your used margin will be under stress.

Last edited by Daimon; 09-12-2016 at 11:29 PM..
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Old 26-11-2016, 02:11 PM   #2
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Talk about what?

Sent from OPPO X9079 using GAGT
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Old 29-11-2016, 09:22 PM   #3
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For people who putting in real chips to hoot Forex lip lai.

Demo account and paper trading talk will be ignored.
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Old 29-11-2016, 09:26 PM   #4
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Today 55 pips jin ho jiak
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Old 29-11-2016, 09:27 PM   #5
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Today 55 pips jin ho jiak
USD/JPY?

Wow like that win liao loh!
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Old 29-11-2016, 09:27 PM   #6
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not into forex but up for daimon
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Old 29-11-2016, 09:29 PM   #7
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New York Session

OK battle starts now at 9:30pm SGT.
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Old 29-11-2016, 09:30 PM   #8
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haha, huat ar...exiting now..chiong now


wait..wait let me on my second notebook..
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Old 29-11-2016, 09:30 PM   #9
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USD/JPY?

Wow like that win liao loh!
Wow this big long white candle jin chio!
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Old 29-11-2016, 09:31 PM   #10
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USD/JPY

Shoot up liao! 113.274.

Let it run. Be patient. Will still chiong up.

Take profit 113.4X.
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Old 29-11-2016, 09:32 PM   #11
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lai support haha. Just now at around 9pm, i opened a short EUR/USD haha
Today jiak 100pips hehe

opened at long USD/JPY (111.783) at around 7.15am. damn lucky to catch it
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Old 29-11-2016, 09:33 PM   #12
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lai support haha. Just now at around 9pm, i opened a short EUR/USD haha
I reduced my short position for eur usd already. I think ECB might taper. But USD is still satki today
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Old 29-11-2016, 09:34 PM   #13
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FINALLY ALL THE FOREX/FUTURES TRADERS HAVE A HOME!!!
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Old 29-11-2016, 09:35 PM   #14
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FINALLY ALL THE FOREX/FUTURES TRADERS HAVE A HOME!!!
Haha no choice leh at least we got our own thread to discuss / share
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Old 29-11-2016, 09:35 PM   #15
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30 pips now, should i square...haha
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