*Official* Forex Trading thread. (DYODD advised) - Part 2
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Knight_Rider
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2015
2016
2017
All different robots so I guess all crash and burn. Big names like forex envy, millionaire pips, Wallstreet all six feet under. Most of the time you got to intervene so might as well manual trade.
awful999
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Bot is good to auto set ur entry point base on your requirements... After that u have to see ur own liao lor...
Sent from OPPO X9079 using GAGT
Sent from OPPO X9079 using GAGT
havetheveryfun
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what is the meaning of no swap ? I think sugar white has no holding cost but u can only buy very little amt compared to others
Swap as in interest or holding cost..... What is buy little bit? Market dun stop u from buying
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Mr.Canberra
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Futures
You can trade commodities like Crude Oil, White Sugar, Coffee with CFD or Futures. Futures is not the same as Forex spot trading.
CFD no commission but have daily finance cost. Spread is also wider.
Futures have commission. White Sugar is typically US$12 commission (varies with different brokers) per side. No swap or daily finance costs. Spread is better than CFD. Only when you rollover (monthly) then incur costs again.
Commodities are very hard to trade. Harder than indices. You must know this field very well. In the past Mr. Average didi on this forum always trade Crude Oil. His account burst many times until he gave up and trade stocks instead.
If you are making money from trading commodities I call you 'God Of Wall Street'!
In theory as long as your order is not super huge lots it should be easily filled. Also some markets may be illiquid.
You can trade commodities like Crude Oil, White Sugar, Coffee with CFD or Futures. Futures is not the same as Forex spot trading.
CFD no commission but have daily finance cost. Spread is also wider.
Futures have commission. White Sugar is typically US$12 commission (varies with different brokers) per side. No swap or daily finance costs. Spread is better than CFD. Only when you rollover (monthly) then incur costs again.
Commodities are very hard to trade. Harder than indices. You must know this field very well. In the past Mr. Average didi on this forum always trade Crude Oil. His account burst many times until he gave up and trade stocks instead.
If you are making money from trading commodities I call you 'God Of Wall Street'!
In theory as long as your order is not super huge lots it should be easily filled. Also some markets may be illiquid.
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I'll trade wti.... Call me God of jurong street will doYou can trade commodities like Crude Oil, White Sugar, Coffee with CFD or Futures. Futures is not the same as Forex spot trading.
CFD no commission but have daily finance cost. Spread is also wider.
Futures have commission. White Sugar is typically US$12 commission (varies with different brokers) per side. No swap or daily finance costs. Spread is better than CFD. Only when you rollover (monthly) then incur costs again.
Commodities are very hard to trade. Harder than indices. You must know this field very well. In the past Mr. Average didi on this forum always trade Crude Oil. His account burst many times until he gave up and trade stocks instead.
If you are making money from trading commodities I call you 'God Of Wall Street'!
In theory as long as your order is not super huge lots it should be easily filled. Also some markets may be illiquid.
Sent from OPPO X9079 using GAGT
Mr.Canberra
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Mr.Canberra
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From Jurong West or Jurong Island does not matter. As long as you are not Abu from Singapore haha!
http://www.todayonline.com/singapor...eo-calling-jihad-isd-aware-his-activities-mha
Haha those nutjobs want to use him as poster boy to recruit NS trained guys.
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Mr.Canberra
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CFTC
CFTC: Speculative accounts decreased their net euro longs, their net yen shorts and their net sterling shorts, according to CFTC data released Friday. The CFTC's COT report, non-commercial, futures-only section, excluding options, showed speculators had a net euro long position of +62,753 contracts as per Sept. 19, vs +86,058 contract last week. This compared to the net long of +96,309 contracts seen Sept. 5, which was the largest net euro long in over six years. On May 3, 2011, speculators had a net euro long of +99,516 contracts. Betting on U.S. dollar outperformance in 2017, speculators had, up until May 9, maintained a net euro short position all year. Spec accounts had a net yen short of -51,322 contracts as per Sept. 19, vs -57,297 contracts in the prior week. This compared to the net short of -126,919 contracts, seen July 18, which was the largest net yen short since Jan. 7, 2014, when speculators had a net yen short of -128,868 contracts. The euro closed near $1.1994 and dollar-yen near Y111.59 on Sept. 19 versus levels late Friday around $1.1945 and Y112.09.
CFTC: CFTC data showed that speculative accounts had a net sterling short of -10,161 contracts as per Sept. 12, versus -46,085 contracts last week. This compared to the net short of -107,844 contracts seen March 21, which was a new record. Sterling closed at $1.3503 on Sept. 19 and held near $1.3527 late Friday. On Wednesday, cable topped out at $1.3657, which was the highest since early June 24, the day after Brexit, when the pair traded in a wide $1.3229 to $1.5018 range. Given the run-up since Tuesday, sterling shorts may have been trimmed further.
CFTC: Speculative accounts decreased their net euro longs, their net yen shorts and their net sterling shorts, according to CFTC data released Friday. The CFTC's COT report, non-commercial, futures-only section, excluding options, showed speculators had a net euro long position of +62,753 contracts as per Sept. 19, vs +86,058 contract last week. This compared to the net long of +96,309 contracts seen Sept. 5, which was the largest net euro long in over six years. On May 3, 2011, speculators had a net euro long of +99,516 contracts. Betting on U.S. dollar outperformance in 2017, speculators had, up until May 9, maintained a net euro short position all year. Spec accounts had a net yen short of -51,322 contracts as per Sept. 19, vs -57,297 contracts in the prior week. This compared to the net short of -126,919 contracts, seen July 18, which was the largest net yen short since Jan. 7, 2014, when speculators had a net yen short of -128,868 contracts. The euro closed near $1.1994 and dollar-yen near Y111.59 on Sept. 19 versus levels late Friday around $1.1945 and Y112.09.
CFTC: CFTC data showed that speculative accounts had a net sterling short of -10,161 contracts as per Sept. 12, versus -46,085 contracts last week. This compared to the net short of -107,844 contracts seen March 21, which was a new record. Sterling closed at $1.3503 on Sept. 19 and held near $1.3527 late Friday. On Wednesday, cable topped out at $1.3657, which was the highest since early June 24, the day after Brexit, when the pair traded in a wide $1.3229 to $1.5018 range. Given the run-up since Tuesday, sterling shorts may have been trimmed further.
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Mr.Canberra
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Calls For This Week's Opening
GAP UP
EUR/USD
NZD/USD
NZD/USD
GAP DOWN
USD/CHF
USD/JPY
USD/SGD
GAP UP
EUR/USD
NZD/USD
NZD/USD
GAP DOWN
USD/CHF
USD/JPY
USD/SGD
InterestingStuff
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sure anot gap
lol
i dont think will have major gap
but gold need to fill the 1340-1350 gap
revhappy
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Why bearish about USD? Rocketman, didnt do anything over the weekend.
InterestingStuff
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Usd tax reduce... Will open higher plus rocket man no test missile... Earthquake is natural
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Sent from OPPO X9079 using GAGT
awful999
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heng ar, UJ gap up, NU gap down!!!!
next have to look at 7am Japan open liao
japan open and not affect so much so far...UJ still up, NU down
awful999
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japan open and not affect so much so far...UJ still up, NU down
FX doing OK but index kena a SL today...
FX scalping S$46
Index -US150
Scalping direction for me
UJ up, EU down
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