awful999
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USD/CAD charging up!
oil is coming down today..
USD/CAD charging up!
GXGX, good to huat in day one of Chinese new year.
I huat some on long Nikkei CFD in and UJ@105.7
Huat huat huat
oil is coming down today..
Hahaha slight USD strength returning.
Damn wasted EUR/TRY continues to plunge after I took profit.
Oil price drop is good for my AUD/USD, NZD/USD, USD/CAD positions.
Hi
I'm a rookie and following the thread for a while. Was wondering which broker do you all use and the estimated initial capital to trade forex?
Thanks
From my still poor TA chart, it may retest 60 or may be 59 before resume the bull trendhttps://www.bloomberg.com/quote/CO1:COM
Looks like oil prices is still rising trend. might go to $80-100 region
can start as low as $500.
to choose a broker, go to iocbc, Philips, maybank, onada, cityindex, pepperstone, etc and sign up for a demo account first. see if you like their platform and understand their charges first.
but $500 if you are working full time and take long term positions, the fluctuations can easily take u out.
Here is crypto or forex thread?
I see. Do you put stop loss or wait until margin call on long term positions?
From my still poor TA chart, it may retest 60 or may be 59 before resume the bull trend
personally i will put stop loss only for obvious trends. otherwise for high volatility markets stop loss can work both ways.
u may be right.
If your account does not have guarantee stop loss then be prepared for slippage if there are any flash spike/crash. Your stop loss price may be hundreds of pips away from your intended price due to slippage.
u may be right.
thought u are an advocate of no stop loss strategy ?
Yes.
I am pointing out the possible dangers of placing a stop loss during volatile periods or freak event.
I just remembered that I survived a GBP /USD flash crash before. NO STOP LOSS. Not so lucky for many traders as their stops got taken out but at a very unfavourable rate due to slippage. Some accounts KABOOM due to low margin!!!
How much you leverage for that?!! :O
Yes.
I am pointing out the possible dangers of placing a stop loss during volatile periods or freak event.
I just remembered that I survived a GBP /USD flash crash before. NO STOP LOSS. Not so lucky for many traders as their stops got taken out but at a very unfavourable rate due to slippage. Some accounts KABOOM due to low margin!!!