Mr.Canberra
Supremacy Member
- Joined
- May 22, 2014
- Messages
- 9,024
- Reaction score
- 1,094
New York session starting soon.
Will USD up or down?
Will USD up or down?
https://forums.hardwarezone.com.sg/stocks-shares-indices-92/hyflux-6%25-perpetual-securities-5372221-89.html#post114907500
Stocks and bonds can go to zero but not Forex.
All the best to those who are vested in Hyflux.
looks like u need to trade longer timeframe. but that will mean bigger account and wider swings.
trading is not tikam. tired cannot analyse charts properly.
How you all acutely do the transaction?
Short them or change SGD to USD/EUR then start pairing USD/EUR?
Cheers.
u talking in terms of Interactive Brokers?
most people who trade forex using CFD platforms or accounts.. u only need to top up SGD And the platform will convert everything automatically when u place a trade using SGD..
I using Interactive Brokers so.. yeah.
Imagine i change SGD to USD.
Then when see a sell chance, for USD/EUR
I change all, then now i have all EUR, and i have to wait till a good price to buy USD again.
How does it actually work?
What you do doing is just 1:1 ratio non leverage 'trading'. Just like how I punt physical notes trading via Ah Neh money changers for the past 20 years.
You will have to open a proper Futures/Forex account with local or overseas brokerage to conduct Forex trading on margin which is a different ball game. See my signature.
Most punters will lose money in Future/Forex because you need to have a strategy and stick to it. Firstly your heart condition must be healthy. Some see position only drop 100 pips already chua sai like chua sai boy hahahaha.
I wish you all the best in Forex trading because long term wise can make money if you know what you are doing. Stocks and bonds are very risky if default/bankrupt sure hong kan liao.
I trade longer timeframes leh. I still holding my EUR/JPY short.
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ROI record breaking month in quantum value but not in percentage terms!
Note to self: Jiak hong more and do not over monitor positions.
~'QE' stimulus target US$1 Million balance sheet. No set deadline and not affected by Fed balance sheet reduction schedule.
~Partial asset rotation from CNY Fixed Income to Forex Trading in 2018 due to consistent increased ROI.
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PROFIT & LOSS (REALISED) 2018
30/06/16 - 30/06/17: S$4003.67 [2016 ROI 27.61%]
31/07/17: S$1264.09 [Jul ROI 8.42%]
31/08/17: S$5806.60 [Aug ROI 35.69%]
30/09/17: S$4157.42 [Sep ROI 15.94%]
31/10/17: S$1944.68 [Oct ROI 5.85%]
30/11/17: -S$1843.27 [Nov ROI -5.24%] <-Drunk trading. One off folly.
29/12/17: S$1299.92 [Dec ROI 3.90%]
31/01/18: S$1565.13 [Jan ROI 4.52%]
28/02/18: S$1706.80 [Feb ROI 4.72%]
30/03/18: S$1325.68 [MAR ROI 3.50%]
30/04/18: S$3922.76 [APR ROI 10.00%]
31/05/18: S$6448.37 [MAY ROI 14.94%]
LIFETIME PERFORMANCE SINCE JUN 2016 (23 MONTHS)
175.57%
STRATEGY: CARRY TRADE/NO STOP LOSS
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(but I will not touch forex..)