Forex/Cryptocurrency General Chit Chat Thread

[revhappy]

Made my 1st FX trades today. Both not able to recover commission haha.

 

[Trader11]

Made my 1st FX trades today. Both not able to recover commission haha.

How do you find Interactive broker for Forex Trading?

 

[revhappy]

How do you find Interactive broker for Forex Trading?

I didn't trade with any proper FX broker so cannot compare. There are no swap points with IBKR.

 

[Mr. Wood]

I didn't trade with any proper FX broker so cannot compare. There are no swap points with IBKR.

how about the spreads?

 

[Mr.Canberra]

Sibei pek chek!

Dry spell again.

 

[Mr.Canberra]

Digital USD Prataing

Made my 1st FX trades today. Both not able to recover commission haha.

Very low commision for good rates. Flip between SGD and USD as and when needed for non leveraged trades. Not suitable for short term trades.

Use IB convert SGD to USD. Park in SBI 12M Fixed Deposit at 3% p.a. Sure win ROI at 3% unless Ah Neh bank collapsed and another riot happens as non SGD deposits are not SDIC insured. LOL.

Last year USD is toilet paper. This year RMB is toilet paper. Even onshore CNY returns for lower mid risk deposits dropped a lot.

 

[revhappy]

how about the spreads?

The 5th decimal is not visible in the quotes. It only shows 0 or 5. But if you see my trades the 5th decimal is there. I don't know much about FX trading. But the spread looks like 0.5 pip but actual trade is 0.1 pip I guess.

 

[revhappy]

Very low commision for good rates. Flip between SGD and USD as and when needed for non leveraged trades. Not suitable for short term trades.

Use IB convert SGD to USD. Park in SBI 12M Fixed Deposit at 3% p.a. Sure win ROI at 3% unless Ah Neh bank collapsed and another riot happens as non SGD deposits are not SDIC insured. LOL.

Last year USD is toilet paper. This year RMB is toilet paper. Even onshore CNY returns for lower mid risk deposits dropped a lot.

Wow! You are really knowledgeable. Even I didn't know SBI offers 3% interest. It is the biggest bank in India, too big to fail.

 

[Mr.Canberra]

Wow! You are really knowledgeable. Even I didn't know SBI offers 3% interest. It is the biggest bank in India, too big to fail.

Hahaha yes too big to fail if not chaos on the streets.

 

[DukeCS33]

____________________________________________________________
COMMENTARY

Month on month performance deteriorate a lot. From Oct's S$4845.13 (ROI 9.32%) to Nov's S$664.66 (ROI 1.17%).

As the regular readers may already know I post my monthly performance for all to see be it profit or loss. No such thing as 100% win rate as professed by jiuhu snake oil salesman Knight_Rider! Together with hao lian trader blurinvestor and keverus (dormant) these three clowns will consistently ridicule/insult me.

The reason is very simple. Either they are numb nuts retards or I have stepped on their toes for showing others you can trade you own way without taking their courses or buying software. Readers can make your own conclusions.

You guys can see why until now I did not call out FCS for being a snake oil salesman because he isn't. FCS has even called out these clowns numerous time to show their P/L but all they can do is talk big. These clowns will not stop their barrage of vile attacks against me as long as their bottomline is hurt. And I will make sure it does!

NO STOP LOSS strategy is still in effect. Do not attempt this if you have diabetes, high blood pressure or cardiac ailments.

Wish all traders have a huat week!

------------------------------------------------------------
TOTAL CONTRACT SIZE: US$610,000

UNREALISED VALUE (LOSS) OF POSITIONS: -US$23,000 <-Chua sai psychological barrier broken.

~'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.

------------------------------------------------------------
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%]
29/06/18: S$3323.92 [JUN ROI 6.70%]
31/07/18: S$2715.15 [JUL ROI 5.13%]
31/08/18: -S$3875.34 [AUG ROI -6.97%] <-EM currencies rout.
28/09/18: S$225.65 [SEP ROI 0.44%]
31/10/18: S$4845.13 [OCT ROI 9.32%]
30/11/18: S$664.66 [NOV ROI 1.17%]

LIFETIME PERFORMANCE SINCE JUN 2016 (29 MONTHS)
219.45%

STRATEGY: CARRY TRADE/NO STOP LOSS
____________________________________________________________

FCS has disappeared. Not sure if he was banned or decided to pull out altogether. He was called out yesterday by another user who pointed out why he lacks basic knowledge of the markets even though he claimed that he was trained by US investment bank. I asked him to clarify since he claims to be always having the highest integrity or forumers would then cast doubt on his "supreme TA and FA" skills.

 

[havetheveryfun]

FCS has disappeared. Not sure if he was banned or decided to pull out altogether. He was called out yesterday by another user who pointed out why he lacks basic knowledge of the markets even though he claimed that he was trained by US investment bank. I asked him to clarify since he claims to be always having the highest integrity or forumers would then cast doubt on his "supreme TA and FA" skills.

Just because he dont know what cable is means lack basic knowledge of the markets? Many full time traders also do not know what cable means. Knowing what cable means does nothing to help in your trading at all.

 

[revhappy]

Just because he dont know what cable is means lack basic knowledge of the markets? Many full time traders also do not know what cable means. Knowing what cable means does nothing to help in your trading at all.

All you need to do is watch Bloomberg TV to know what cable is. I don't know FX trading, but I know what is cable, loonie, swissie, aussie and kiwi

 

[DukeCS33]

Just because he dont know what cable is means lack basic knowledge of the markets? Many full time traders also do not know what cable means. Knowing what cable means does nothing to help in your trading at all.

Yes, I do agree with you on that. However, he claimed that he was trained by a US investment Bank and so that was something that did not tie in. He may have acquired his trading capability via many means such as reading books or training under other experts etc. So I am not saying that he lacks basic knowledge of markets, another forumer said that. I did however urge him to clarify it so that he maintains his credibility around his claims of US house training since he has been touting his highest integrity and supreme FA and TA skills.

 

[Mr.Canberra]

Yes, I do agree with you on that. However, he claimed that he was trained by a US investment Bank and so that was something that did not tie in. He may have acquired his trading capability via many means such as reading books or training under other experts etc. So I am not saying that he lacks basic knowledge of markets, another forumer said that. I did however urge him to clarify it so that he maintains his credibility around his claims of US house training since he has been touting his highest integrity and supreme FA and TA skills.

Yes FCS self exposed himself by not knowing what Cable is especially he self proclaimed he is an ex-institution trader.

Every full time trader will watch Bloomberg TV at their trading desk.

 

[Mr. Wood]

cable is what u get from starhub and stinktel if u subscribe.

 

[DukeCS33]

Yes FCS self exposed himself by not knowing what Cable is especially he self proclaimed he is an ex-institution trader.

Every full time trader will watch Bloomberg TV at their trading desk.

In any case, I have my doubts about his trading. When he made a call that he is going long Singtel, and showed his Saxo account screen shot, he longed only a mere 2 or 3 lots. I use Saxo too and the absolute amount of commission charged is very telling as it charges a minimum but scales up on size. If he were that active a trader or full time trader for living, he would hit many counters in small sizes or a few in large sizes. His screen shot is littered with too few stocks but the dates traded are a dead giveaway - too many holes in between... maybe he traded large but based on the Singtel screenshot, I have my doubts. So I am not sure if he is really full time trader or a wannabe. It is ok to state that one is part time trader but since he touts that he has the highest integrity, all these just leaves doubts about his supreme FA and TA skills.

I recall several prior instances where he was asked by other forumers and made conviction calls of 60+% probability and got it wrong. While one cannot always get it right, too many wrongs just leave one to wonder what kind of supreme FA or TA skills

Most hedge funds would love traders with the records that he had from his screenshots but from what I know, most traders either have a 60% hit rate or they had very good risk management that allows them to ride trends very well but at much lower hit rate.

It is ok to brag but one risks getting called out. Screenshots mean nothing nowadays as almost everything can be doctored. But if one consistently makes calls and show rationale be it FA or TA to support those calls, then I think the calls may be more credible then some doctored screenshots of track records.

 

[DukeCS33]

Someone's tried very hard underpinning my reputation of integrity.

Blowing out of proportion by just linking "I don't know what's Cable"

These evils folks from SSI Forum will never ever success achieving theirs agenda! FCS still kicking ass!!!

They can't even expose themselves in first instances....

Yet, jjyy DukeCS33 still dare talking integrity with FCS.

Delusional.......
Maybe its time DukeCS33 create clone..
We knows your disgusting character..

Well, I merely dissected the available information. You can choose to answer the issues raised directly and I can take back my words and we write it off as a misunderstanding. But if you choose to avoid and continue to mudsling, then it is indeed telling about your character.
Did I mudsling or label you? I merely highlight the gaps in your statements and asked you to clarify right? So your mudslinging is not warranted. Likewise, if I deduce wrongly, I stand to be corrected. So its up to you. If you want to behave like a gentleman and engaged in cordial chat then fine, otherwise, there is no need for any further engagements.
In any case, I care not for your trade calls - did I ever ask you to recommend anything?

 

[DukeCS33]

Explanation is simple.

"Cable", you immediate thinking of what? Wires or Currency

Or Cable ( FX)?
DukeCS33, please elaborate!

Well, like I said I read the exchange between you and kervus and I asked you to clarify right? Did I pronounce a judgement on you and is not asking you to clarify saying that you risk your integrity a friendly advice? The next thing I know, you scooted off deleting everything. So there you go. You are not walking your talk, tell me that this is a forum for social and not take so seriously and now you proclaim me as your enemy? Is that a threat?

 

[DukeCS33]

No.1 Enemy of FCS!!!!

GOES TO...
DukeCS33!!!!!!!!!!!!

No.2 Enemy of FCS!!!!

Goes to?
Canberra!!!!

Omg!

Please clarify what you mean by enemy.

 

[Lex1989]

FCS 1 : 0 DUKE


1..2.3..3..2...1... F..C..S... LUMBER 1!!!!!