Forex Tradingwithrayner

[Kissmequick]

Great threads!

I've been learning demo and extensive reading for 2 years+. Would like to start small and see if I can perform as well as my demo using real account.

Anyways, I have come across that my broker having the option of USD/SGD/EURO/JPY etc accounts. I was contemplating between USD and SGD. Other than the difference in FX of course, is there anything I need to take note?

Any opinions? I am in no way experience, just some book/google/demo knowledge. However, I am ready to take my first real ride, just need some clarifications here and there.
Thanks!

If you are a Singaporean, my advice is to maintain a SGD denominated trading account. You can transfer your initial trading deposit in SGD (by Interbank, cheque or even credit card) and withdrawals in SGD on profits or closing of account.

In addition, you can monitor your profit and loss in SGD which is in my opinion, of convenience as opposed to constantly having to working it back to SGD if the trading account is in USD.

All the best in your trading journey and wishing you a rewarding one.

 

[newaisa]

Thanks KMQ for the advise.

 

[blurinvestor]

EURUSD might touch 1.13xxx as france, italy, germany, have some minor improvement PMI.
Take care. I still resting.

 

[die_sg]

EURUSD might touch 1.13xxx as france, italy, germany, have some minor improvement PMI.
Take care. I still resting.

mine buy long EURUSD @ 1.12608 on 1st May.
hope can close soon and earn $200+

 

[die_sg]

For intraday indicator what is the best method?
Currently I using, ema 12,26,50 & 15mins chart.

 

[Perisher]

Cheers!

Rayner

learned a lot. Thank a lot.

 

[Izumi8]

If you are a Singaporean, my advice is to maintain a SGD denominated trading account.

If you are using local brokers, SGD is an obvious choice. But if you are using an American broker, USD would be the best. So it depends where your broker is located at, you do not want them to charge you expensive withdrawal/deposit fees as your are using an exotic currency.

 

[blurinvestor]

mine buy long EURUSD @ 1.12608 on 1st May.
hope can close soon and earn $200+

Should close now if you still long, remember don't be greedy.
BTW I trade naked - no indicator, only news.

Fundamentally EURO still weak. I love Bee Gees.

 

[tradingwithrayner]

Cheers

Rayner

 

[die_sg]

http://forums.hardwarezone.com.sg/m...casting-eur-usd-11-15-may-2015-a-5047319.html


Check my forecasting for EURUSD (11 ~ 15 May 2015)
Do free comments.

Currently,
EURUSD long, according to fibs
GBPUSD short, as its been overbought.
GBPJPY short, as its been overbought.

Hope im correct..

 

[die_sg]

nowadays i trade small on trending market, aim for $100/day is enough.

 

[tradingwithrayner]

I hope you have enjoyed this video post. As always, comments are welcomed and encouraged. Cheers!

Rayner

 

[tradingwithrayner]

Rayner

 

[6823635]

I take 2-3 trades a week on UJ. Aims for 10-15 pips to give me a S$1000-$1200 profit per trade. Once target is met, shut off the system and carry on with the day or go to bed ( US market trading hours ). Btw, I trade with oanda s'pore.

Have been pretty consistence with decent returns due to prudent money management and being less emotional.

 

[tradingwithrayner]

I take 2-3 trades a week on UJ. Aims for 10-15 pips to give me a S$1000-$1200 profit per trade. Once target is met, shut off the system and carry on with the day or go to bed ( US market trading hours ). Btw, I trade with oanda s'pore.

Have been pretty consistence with decent returns due to prudent money management and being less emotional.

Thanks for sharing!

Yes staying discipline is key.

Rayner

 

[woodzero]

Good thread here. Thanks for sharing rayner

 

[tradingwithrayner]

Good thread here. Thanks for sharing rayner

Hi Wood!

You're welcome, thanks for stopping by

Rayner

 

[cslim35]

Anyone has experience with Xm? It offers free $30 when opening a new account.

 

[Forex_Charting_Sexpert2]

Currently,
EURUSD long, according to fibs
GBPUSD short, as its been overbought.
GBPJPY short, as its been overbought.

Hope im correct..

Hi, I back. Sorry, my that thread was deleted due to I was ban in my first account. Now I am ver 2. Currently EURUSD was in 1.093.

On my that thread? I was predicted it may going down to 1.074 on 11/05/15. Quite close currently.

But for my EURJPY? Well, guess is a flop.

Google it and you will find my thread in others sites too.

Thank.

 

[a&w_rootbeerz]

Hi, I back. Sorry, my that thread was deleted due to I was ban in my first account. Now I am ver 2. Currently EURUSD was in 1.093.

On my that thread? I was predicted it may going down to 1.074 on 11/05/15. Quite close currently.

But for my EURJPY? Well, guess is a flop.

Google it and you will find my thread in others sites too.

Thank.