*Official* Forex Trading thread. (DYODD advised) - Part 2

[xersion]

Usd vs Jpy
both are safe haven, but which one more safe?

Chf....

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[Mr.Canberra]

My philip account only have S$,yen and US$, CAD only 9.7

I have more yen then you, I am thinking should I convert some to other currency to balance

Power lah scalp so much Yen. It has been 9 months since I scalp Yen as tio stucked.

Just stay away from GBP haha.

 

[tiertime]

PS referral program sux to the max... U want to be referred get from Oanda.... Easily have...

But Oanda spread like much higher compared to PS ...? why would anyone still use those platforms with high spreads... ?

 

[xersion]

But Oanda spread like much higher compared to PS ...? why would anyone still use those platforms with high spreads... ?

I am comparing the referral and not platform...
Ppl will use cause they have local office and its a reputable company

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[awful999]

Power lah scalp so much Yen. It has been 9 months since I scalp Yen as tio stucked.

Just stay away from GBP haha.

this philip account not for scalp, mostly from carry trade since I start to trade, nowadays i seldom use this account to trade forex , only sometime some carry trade. This philip account now mainly for index.

 

[tiertime]

like cmc, it will show how much your position total cost when u sell or buy.

pepperstone like nv show one

anyone using PS Mt4 can comment /review on this?

 

[Mr.Canberra]

this philip account not for scalp, mostly from carry trade since I start to trade, nowadays i seldom use this account to trade forex , only sometime some carry trade. This philip account now mainly for index.

I see.

Despite not having the best spreads around the only reason I still use Phillip is because the account allows you to retain the foreign currency that you profited from and not convert to base SGD currency.

 

[awful999]

I see.

Despite not having the best spreads around the only reason I still use Phillip is because the account allows you to retain the foreign currency that you profited from and not convert to base SGD currency.

I am thinking should I switch to MT5 from FX365

 

[Mr.Canberra]

I am thinking should I switch to MT5 from FX365

You should because the spreads are better. I cannot switch as need to liquidate all positions first before conversion can be done. Just contact your broker if you want to convert platform.

USD/JPY spread 1.0 on MT5.
USD/JPY spread 1.9 on FX 365.

For non commission account 1.0 spread is a damn good deal!

My broker said MT5 may not be so stable as still new.

 

[xersion]

I know Mt5 might not have the same indicators that u r using now.... The programming language is different and not compatible with mt4

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[awful999]

You should because the spreads are better. I cannot switch as need to liquidate all positions first before conversion can be done. Just contact your broker if you want to convert platform.

USD/JPY spread 1.0 on MT5.
USD/JPY spread 1.9 on FX 365.

For non commission account 1.0 spread is a damn good deal!

My broker said MT5 may not be so stable as still new.

Mt5 spread is better then FX365, ok will wait when I close my NU short then covert to MT5, by then should be more stable

 

[awful999]

I know Mt5 might not have the same indicators that u r using now.... The programming language is different and not compatible with mt4

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yes but currently FX365 dont have much indicator in it, so MT5 so much better then it for sure

 

[xersion]

yes but currently FX365 dont have much indicator in it, so MT5 so much better then it for sure

Heng I use Ctrader only..

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[awful999]

Heng I use Ctrader only..

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i like ctrader, reverse, double position so easy, to scalping very good

always can close position and open reverse position at the same time

 

[xersion]

i like ctrader, reverse, double position so easy, to scalping very good

always can close position and open reverse position at the same time

Press wrong die... Lolx

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[Mr.Canberra]

i like ctrader, reverse, double position so easy, to scalping very good

always can close position and open reverse position at the same time

Unlike Phillip the profits gained will be converted to your account base currency right?

This is what I want as can hedge with same currency pair but under different contracts and not lumped together (FIFO).

 

[awful999]

Press wrong die... Lolx

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happened on me few times already lolx

 

[awful999]

Unlike Phillip the profits gained will be converted to your account base currency right?

This is what I want as can hedge with same currency pair but under different contracts and not lumped together (FIFO).

yes all will convert to base currency

 

[LucentFX]

For your reading if have time.

The Massive Hedge Fund Betting on AI
https://www.bloomberg.com/news/features/2017-09-27/the-massive-hedge-fund-betting-on-ai

 

[Mr.Canberra]

Haha thanks to London traders my USD shorts are having a bloodbath now!