Forex trading

[xersion]

Welcome to my thread..
I play with I can afford to lose only.. Those that borrow to trade is no different from gamblers.

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[falcom2002]

Welcome to my thread..
I play with I can afford to lose only.. Those that borrow to trade is no different from gamblers.

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What I was told couldn't convince enough...
that one should have a very discipline life,
by living comfortablely, work hard, willing
to acquire new knowledge from anyone
with their own unique trading skill, the
chance to make it is more likely to happen.

 

[xersion]

What I was told couldn't convince enough...
that one should have a very discipline life,
by living comfortablely, work hard, willing
to acquire new knowledge from anyone
with their own unique trading skill, the
chance to make it is more likely to happen.

If one is willing to par his skill with you and you doesn't have the discipline to follow also no use

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[falcom2002]

If one is willing to par his skill with you and you doesn't have the discipline to follow also no use

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In this corrupted selfish broken world it is almost clear
that finding one who wants to "par" his skill is
definitely impossible.

If there is someone who tells you his intention it is a lie.
Why?

Because altruism is a myth and it is not possible
to act unselfishly ever since man is created.

 

[Владимир]

In this corrupted selfish broken world it is almost clear
that finding one who wants to "par" his skill is
definitely impossible.

If there is someone who tells you his intention it is a lie.
Why?

Because altruism is a myth and it is not possible
to act unselfishly ever since man is created.

Correct me if I m wrong. Lower time frame lesser than 1 day is susceptible to bank liquidity hunt, right?
Btw, do you know how money changer make money? I only know how remittances make money. Lol.

 

[xersion]

Someone asked before how easy is it to withdraw money out from forex account...
I did a try yesterday and below is the time taken for them to process..

Summit request 22nd Sept 10.2x am
Received notice that funds had been withdraw 22nd Sept 06.0x pm

Will expect the funds to be credit back to my account no later then 5 working days

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today check my ibanking the refund is in

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[Shiny Things]

Correct me if I m wrong. Lower time frame lesser than 1 day is susceptible to bank liquidity hunt, right?

For small retail traders, "stop hunting" is a myth. Flow desks don't care about your little stops in $100k, $200k, or even $1mio notional; those orders don't even touch the sides in a large book. If you're losing money punting FX, it's not the fault of "stop hunting".

(For that matter, these days, the regulators have decided that deliberately gunning stop-losses is a prosecutable offence.)

Btw, do you know how money changer make money? I only know how remittances make money. Lol.

Same way any other FX business does: buy low, sell high, and make money on the spread.

 

[xersion]

Interesting month for me. Let's see if Oct I'm able to break this record of 74% profit

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[Average]

USD acct?

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[xersion]

USD acct?

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Nope.. It's SGD

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[Владимир]

For small retail traders, "stop hunting" is a myth. Flow desks don't care about your little stops in $100k, $200k, or even $1mio notional; those orders don't even touch the sides in a large book. If you're losing money punting FX, it's not the fault of "stop hunting".

(For that matter, these days, the regulators have decided that deliberately gunning stop-losses is a prosecutable offence.)

Same way any other FX business does: buy low, sell high, and make money on the spread.[/QUOTE]

check out his video, they know which price point has the most order, just spike the price to take out those retail traders, ain't that easy for them to pull the job?
regulation is one thing, enforcing it is another thing, beside, most international traders find it a hassle to sue the brokers

http://www.jarrattdavis.com/forex-brokers-hunt-stop-losses/

 

[aKaGiz]

Hi

You are good. Mind sharing your strategy?

 

[xersion]

Hi

You are good. Mind sharing your strategy?

I'm a trend follower... Also my chart is clean so won't be distracted

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[xersion]

Today earn $33. Slow slow day

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[xersion]

Very bad month for Oct....
Had to top up account to prevent margin call due to the spike of usd/jpy... Luckily I got enough time to react as I'm on reservist

Nov will be a better month.... Hopefully...

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[sacredrays]

wah your position size as proportion to your equity balance very big..

your trading equity balance is just small fraction of a bigger reserve?

 

[xersion]

That's month to month... Not overall..

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[Profit_Maker]

Nice.
A piece of advice:
You may want to consider a contingency plan to prevent your trading account from getting margin call.
It is worrying to see account reaching margin call or about to being blown out.
It will be frustrated to see hard-earned profits together with original capital blown out.

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[xersion]

Nice.
A piece of advice:
You may want to consider a contingency plan to prevent your trading account from getting margin call.
It is worrying to see account reaching margin call or about to being blown out.
It will be frustrated to see hard-earned profits together with original capital blown out.

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Noted on your advice... I do have a plan on hand but very often the finger doesn't do the work...
This month should be a better month cause I got more free time on hand....
Hope to achieve at least 25%

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[xsilkx]

Hello,

Maybe you can include risk-reward strategy.

And maybe reduce your lot size slightly a little bit. Because if the capital you put is $1000, 0.1 is a bit too much.

Do understand that this will slow down your profit but it helps you to reduce n protect your capital at the same time.

Good luck. So be careful on the coming weeks.