*Official* Forex Trading thread.

[awful999]

Ohh okok i got what u trying to explain.. Hmm i think best is to think to one chart / platform..

haha later end up getting confused for nothing.

Haha ya but which is the most accuracy one ? Haha

 

[xersion]

Cmc close at 5am...think I receive email that they will revise to 6am

Sent from OPPO X9079 using GAGT

 

[xersion]

FCS number 1

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[xersion]

Trading Hours extension for all FX instrumentsPlease note that from Friday 9 December 2016, we will be extending the Trading Hours for all FX instruments. Trading on FX products will now close on Saturday at 6am instead of 5am (Singapore time).

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[awful999]

Hahaha, it doesn't matter which charts or brokers you trading.

The most important aspect for a technical analysis trader is charting capabilities.

Not which brokers, accurate charts platform.
Ahyo.....

Thanks Mr. FCS, world no.1

 

[Daimon]

FCS can gpgt... Haha

 

[ctstalin]

Any opinions on EURGBP?

 

[Mr.Canberra]

Forex Trading

I noticed that the live chart candle for both our pxxxxx and other US platform is different? You know about this ?

I only use Pxxxxx so not sure about other brokerages.

Anyway market makers have their own spread. Just refer to the same chart that you are placing order on so no confusion.

Sometimes using multiple accounts to trade is a good way to hedge. Eg. With Brokerage A you open a LONG position but price moves south. You quickly open a SHORT position with Brokerage B on another PC/Laptop.

This is a good strategy for carry traders.

 

[Mr.Canberra]

Can ask Perisher to rename thread to Forex, Futures and Commodities Thread.......

Since you are the thread starter you may want to PM Mod Perisher to make the changes.

Would love to read the views and learn from Futures, Commodities and Options traders as well.

Coffee or orange juice for you sir? Need sugar? Hahaha!

 

[delunchen]

If im to open a live account, which brokers are recommended and why based on your opinions?

 

[Mr.Canberra]

Forex Brokerages

If im to open a live account, which brokers are recommended and why based on your opinions?

Foreign brokerage Oanda can fund with credit card which is a plus. Using credit to fund and get margin to trade. "Leverage" twice.

Local brokerages too many to list. Phillip Futures, Maybank Kim Eng, CIMB, UOB, etc.

See you on this thread trading soon. Forex market is open Mondays to Fridays. 24 hours, 5 days a week. Each trading day is 6am to 6am SGT. During daylight savings months it will be 5am to 5am SGT.

Here we have daily "horse races" at 4pm (London session) and 10:30pm (New York session). Ever since I started Forex trading I never get boring.

 

[neoartz]

Daily active period (Thread will move very fast) :

Period 1: 4pm (GMT+8) - Start of London trading session.
Period 2: 10.30pm (GMT+8) - Start of US trading session.

1) Always remember to trade within your limits. Start small also nvm.
2) The objective is to huat together.
3) 和氣生財
4) Sharing is caring.

Scoop for daily cai png also okay.
(20 days * 3 dollars = 60 dollars per mth)

Peace yo!

 

[Mr.Canberra]

Forex Trading

Scoop for daily cai png also okay.
(20 days * 3 dollars = 60 dollars per mth)

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.

 

[Average]

Foreign brokerage Oanda can fund with credit card which is a plus. Using credit to fund and get margin to trade. "Leverage" twice.

Local brokerages too many to list. Phillip Futures, Maybank Kim Eng, CIMB, UOB, etc.

See you on this thread trading soon. Forex market is open Mondays to Fridays. 24 hours, 5 days a week. Each trading day is 6am to 6am SGT. During daylight savings months it will be 5am to 5am SGT.

Here we have daily "horse races" at 4pm (London session) and 10:30pm (New York session). Ever since I started Forex trading I never get boring.

oanda... sgd acct?

Sent from 穷小子 using GAGT

 

[awful999]

Since you are the thread starter you may want to PM Mod Perisher to make the changes.

Would love to read the views and learn from Futures, Commodities and Options traders as well.

Coffee or orange juice for you sir? Need sugar? Hahaha!

support this, I will like to trade Future index too

 

[neoartz]

Yes. SGD account.

oanda... sgd acct?

Sent from 穷小子 using GAGT

 

[neoartz]

Wah. Wasted. Should put the information at the first post haha. Ask daimon to edit his first post leh

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.

 

[Mr.Canberra]

Italy Referendum Vote

Hope there is an upset with the Italy referendum vote so have volatility. It will be an exciting week ahead.

All stop losses will be triggered because price movement will whipsaw and prata multiple times. This is why I never place stop losses.

I have been through -1200 pips for a single currency pair. At the peak I was down a cumulative of -3000 pips for 10 currency pairs. Mini lot contracts so a total of US$100,000 on the line. LOL!

I think my heart stopped beating for 1 second on the Oct 2016 GBP flash crash! Some more with 2 currency pairs. GBP/USD and GBP/SGD. The next great financial crisis similar to 2008/2009 will test my heart strong enough or not!

WHAT DOESN'T KILL YOU WILL MAKE YOU STRONGER!

 

[Daimon]

Foreign brokerage Oanda can fund with credit card which is a plus. Using credit to fund and get margin to trade. "Leverage" twice.

Local brokerages too many to list. Phillip Futures, Maybank Kim Eng, CIMB, UOB, etc.

See you on this thread trading soon. Forex market is open Mondays to Fridays. 24 hours, 5 days a week. Each trading day is 6am to 6am SGT. During daylight savings months it will be 5am to 5am SGT.

Here we have daily "horse races" at 4pm (London session) and 10:30pm (New York session). Ever since I started Forex trading I never get boring.

Are you worried about Black Swan events?

 

[Daimon]

Since you are the thread starter you may want to PM Mod Perisher to make the changes.

Would love to read the views and learn from Futures, Commodities and Options traders as well.

Coffee or orange juice for you sir? Need sugar? Hahaha!

I boycott Perisher. Not going to communicate with him.