Is Forex Profitable?

[Optionstrader]

Wad Broker ur using

Sent from Options Trader using GAGT

 

[blurinvestor]

Wad Broker ur using

Sent from Options Trader using GAGT

i used a few brokers.

 

[blurinvestor]

It takes time to learn, to be disciplined, to be positive, and the result will follow you ( as you follow the rhythm of price movement).

I have nothing to teach cos I learn everything from babypips and 6 months of staring at the charts with demo account.

 

[blurinvestor]

I see.....try real live cash! I guarantee your this methodology will......fail in term of your psychology.

Demo of course suka suka lah.

Sent from 大量刑警 using GAGT

I yet to learn how to open a live account.

 

[blurinvestor]

You hear before ECN and market maker? Well.....

Sent from 大量刑警 using GAGT

no. Is it a bank

 

[blurinvestor]

Singapore Forex broker mainly is market maker. Of course, they are MAS registered.

To open a live account? According to MAS guideline, you must have either one.

An accounting or financial related cert? Or real live trading records.

Sent from 大量刑警 using GAGT

sure a not open a bank account required certificate

 

[blurinvestor]

Ok, market maker is like middle man. They buy from the internal markets? Then using spreads as a ways to sucks your $ and become their profits.

Which is why, there no commission.

ECN is different, you participate together with big boy boy.

You can actually see their bid ask spreads, amounts as well.

But, you have to open a overseas account. And the deposits is damm high! F lah!!!

Sent from 大量刑警 using GAGT

Thanks for enlightening me. Lucky, never open live account.
Who is big boy boy?

 

[blurinvestor]

wow! information over loaded, I think I give up forex.

 

[blurinvestor]

 

[blurinvestor]

No..lah, to trade full time? It is a must to know all these.

These are very basic one.. I haven't talk advance level....haha..

Sent from 大量刑警 using GAGT

still learning from you buddy

Appreciate if you can start with basic

what is MT4?

 

[blurinvestor]

Meta Trader loh...third party software. Most fx broker sapork!

Sent from 大量刑警 using GAGT

how they sapork? they anyhow change the price

 

[blurinvestor]

Meta Trader loh...third party software. Most fx broker sapork!

Sent from 大量刑警 using GAGT

where can I buy MT4?

 

[blurinvestor]

Is free lah, go Google it! But, MT4 can't use trail stop.

Sent from 大量刑警 using GAGT

aiya no trailing stop. Then who got trailing stop.

Free EA to send mail notifications, add trailing stops & more

 

[blurinvestor]

Meta Trader loh...third party software. Most fx broker sapork!

Sent from 大量刑警 using GAGT

is this Meta Trader?

closed shop for the week.

 

[blurinvestor]

as for eurusd, too expensive to short from your current price, will join you when price moves to blue area

刘诗诗_2016, remember this -

 

[Dividends Warrior]

How different is it from stocks?

There is a high chance u will burn through your account real fast.

 

[Shiny Things]

Ok, market maker is like middle man. They buy from the internal markets? Then using spreads as a ways to sucks your $ and become their profits.

Sort of, but not quite.

The difference between a market-maker and an ECN is the difference between Amazon and eBay.

An ECN - short for "electronic {communications|crossing} network" - lets you post your own bids and offers directly into some central market, much like a regular stock exchange. The thing is, though, that there is no real central order book for retail-sized FX; the main venues (EBS and Reuters Dealing) are institutional-only, so a broker that offers ECN access is at best giving you a partial look at the market. It's sort of like posting a for-sale ad on eBay.

A market-maker is like Amazon - they set the price for whatever you want to buy, whether that's EURUSD or AUDJPY - and you have to deal at their price or not at all.

So there are a couple of important points here. The first one is that market-maker firms earn the spread whenever you trade with them - that's the difference between the mid price, and the bid/offer price that you have to deal at. ECNs let you try to earn the spread for yourself by working bids and offers.

Conversely, market-making firms tend not to charge brokerage, because they earn money off the spread; ECN firms will usually charge a small brokerage fee (but less than you'd typically pay in spread).

If you like the idea of switching to an ECN firm, your best bet is, as always, Interactive Brokers; if you use them, you can either trade cash FX like you're used to, but on an ECN basis; or you can trade the CME's FX futures, which are cheap and hugely liquid.

 

[blurinvestor]

that green line was there all the while for a reason

 

[Optionstrader]

Trade binary options la

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[blurinvestor]

Trade binary options la

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mai la. I love to dance with the chart.