Keverus' SGX thread!

[Keverus]

which platform u use?

got any trial account can play play first?

 

[Keverus]

why u choose fxpro?

 

[SpeedingBullet]

Can't said, I got my own reasons. Haha...
No particular right or wrong. Is individual choices.

Anyway welcome to Forex world! Mind you, this is not stocks. In mine opinion, stocks is for ginna pi. Fx, futures, option is more for real man, highly risk! High rewards ! High destruction!




Been trading a long long time in fx markets world. Time to haolian a bit......

Sent from piony using GAGT

sibei satki, i very jelly.

 

[derangedlol]

hi everyone! lurker here

agree with above statements that sg stocks are bad for day trading.

too slow and no volatility, completely gave up because always need wait for movement, only to see it next day move back


want trade for a living should focus more on forex/indices

i myself scalp a few forex pairs using tickmill broker on MT4 platform (always use a broker that need pay commision, so no conflict of interest)

method is mainly price action + simple TA patterns on small TF charts

 

[derangedlol]

why u choose fxpro?

when day trade forex u want the lowest spreads that most international brokers have, most important is ECN and execution

most no-comm brokers like (cmc/cityindex/ig/oanda) are market makers so they have very wide spreads and poor execution, on top of restrictions like minimum s/l distance which can screw up some strategies

 

[Keverus]

lol my sgx thread become forex thread.

but i'm cool with it.

 

[Keverus]

deranged, which platform u recommend?

 

[derangedlol]

deranged, which platform u recommend?

depend on your style and how much u trade


if you got day job and just go for day swings doesn't really matter de.

MT4 is very good.

but if you are hardcore pro like some ppl i know they use TT, but that one need pay 1k+ a month to use

i suggest u go for pepperstone demo if u want, they are quite a good broker (aus based) and more importantly their demo offer their live spreads

 

[Keverus]

question...lets say i set up a fx trading account.

my deposit/base currency is sgd rite?

but i can trade pairings like usd/aud (for example la, ie. two foreign currencies without sgd being base)?

then how does it work? my sgd will be converted or the platform will execute my trade, then see whatever profit/loss then convert to sgd and then add/deduct to my balance accordingly?

 

[Keverus]

can run me thru this?

thanks

 

[derangedlol]

can run me thru this?

thanks

actually base currency most international broker dont offer sgd. so set account base currency to usd haha

when u earn u also feel more shiok

 

[derangedlol]

If based currency is SGD, it would be much easier to deposit.
You wouldn't not loss much on that conversion rates. When withdraw your profits.

International brokers, some their SGD conversion rates is bad.

There wire transfer / telegraph is beri sexpensive.

Just my opinion.

Sent from piony using GAGT

thx for your input. yes you are right

btw can sic the EA you are using if you dont mind? im finding one to use for my VPS account that is not in use.

i guess you manual trade on a separate account as well?

 

[Keverus]

ok, so i have to use usd as base. that's fine with me. dbs got the multi-currency account, conversion quite ok imo. so if i convert there, then xfer to the fx trading account, no further charges le rite?

but my qn remains. if my base currency is usd...then i do a fx pairing of say, aud/nzd...then how? my usd will be converted to aud, then trade done, then after the trade, the profit/loss converted back to usd, then add/deduct frm my account? or just take the net profit/loss, convert to usd and then add/deduct?

 

[Shiny Things]

question...lets say i set up a fx trading account.

my deposit/base currency is sgd rite?

but i can trade pairings like usd/aud (for example la, ie. two foreign currencies without sgd being base)?

then how does it work? my sgd will be converted or the platform will execute my trade, then see whatever profit/loss then convert to sgd and then add/deduct to my balance accordingly?

Generally yeah, they'll take your profit on the trade and convert it into SGD when you close the trade.

 

[Keverus]

Generally yeah, they'll take your profit on the trade and convert it into SGD when you close the trade.

ah yes, i see, thanks. wa, u sum it up in just one sentence. nice.

 

[Keverus]

1. Buy Silverlake axis

current price: 1.155
target price: 1.20
horizon: within the next 3 days (start mon)
upside: +3.9% in 3 days.
Keverus' risk rating: low


2. Buy Debao property

current price: 0.085
target price: 0.10
horizon: within the next 5 days
upside: +17% in 5 days.
Keverus' risk rating: moderate

3. Sell Genting SP

current price: 0.91
target price: 0.88
horizon: within the next 5 days
upside: +3.3% in 5 days.
Keverus' risk rating: low

4. Sell Yuuzoo

current price: 0.27
target price: 0.26
horizon: intra-day
upside: +3.7% intra-day
Keverus' risk rating: low

Any opinion?

 

[ctstalin]

Keverus tio banned?

Sent from an offshore drilling platform somewhere using GAGT

 

[dork32]

keverus just posted at 5.03. you noticed he tio banned at 5.12. very fast

 

[Milo-Dino]

1. Buy Silverlake axis

current price: 1.155
target price: 1.20
horizon: within the next 3 days (start mon)
upside: +3.9% in 3 days.
Keverus' risk rating: low


2. Buy Debao property

current price: 0.085
target price: 0.10
horizon: within the next 5 days
upside: +17% in 5 days.
Keverus' risk rating: moderate

3. Sell Genting SP

current price: 0.91
target price: 0.88
horizon: within the next 5 days
upside: +3.3% in 5 days.
Keverus' risk rating: low

4. Sell Yuuzoo

current price: 0.27
target price: 0.26
horizon: intra-day
upside: +3.7% intra-day
Keverus' risk rating: low

Any opinion?

My Anyhow analysis tells me but I wouldn't take any position:

1) Silverlake will break 1.13 and cui

3) Genting is not worth shorting if target is just 88c. Management has been supporting 90c

 

[ctstalin]

keverus just posted at 5.03. you noticed he tio banned at 5.12. very fast

Not I bun knife one. Someone posted on edmw. I have nothing against keverus

Sent from an offshore drilling platform somewhere using GAGT