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

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awful999

awful999

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sPoN1FSl.jpg


Sent from LGE LG-H860 using GAGT


lolx
 
Mr.Canberra

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ECB

Mario bro speaking at 9:00pm SGT. Hope the hantum bola session make up some lacklustre earnings for the past few days. :s13:
 
Mr. Wood

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good to know


Our Margin Call, Low Equity & Currency Conversion Procedures In Brief


Phillip Futures Pte Ltd



Our Margin Call, Low Equity & Currency Conversion Procedures In Brief

Dear Valued Client,

During uncertain times, it is not uncommon for markets to experience high volatility amidst economic uncertainty. The speed of large fluctuations in market prices could potentially catch investors unaware, and in extreme scenarios may result in positions being liquidated without a prior Margin call.

As such, please be reminded to practice good risk management by taking proactive steps to cope with volatile market conditions and uncertainties by having additional funds on top of Maintenance Margin requirements. This helps to safeguard against sudden adverse market movements and reduce the possibility of your account balance falling into low equity with your position(s) being liquidated in the event of an urgent margin shortfall.

Click to read more about Phillip Futures’ Low Equity Policy and Margin Call procedures.

We would like to also remind you that trading accounts with currency deficit may be levied with interest charges. Unmonitored, the account carries the risk of going into over-loss as a result of exchange rate fluctuations. Phillip Futures has put in place a Currency Conversion policy which may be activated to prevent your account from going into over loss in such situations.

Click to read more about Phillip Futures’ Currency Conversion Policy.

Should you have any query, you may contact your account representative, or the Marketing Desk at (65) 6538 0500 or email futures@phillip.com.sg.

Thank you for taking the time to read through this. Have a good end to your week.
Click to expand...

https://www.phillipfutures.com.sg/investors/support/faqs?catid=6
 
Mr.Canberra

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EUR/USD

awful999 said:
may be try not to touch EUR pair before 9pm :s13:
Click to expand...

That is what I thought. Just closed stucked EUR/USD short position with US$32.60 profit. :s13:

Scalping EUR/USD.

Total gains for today is currently US$57.24 KFC profit.
 
Mr.Canberra

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EUR/USD

If my bad timing streak is broken. My EUR/USD long position at 1.889 is right on track. Will take profit before 9pm. :s13:

Now I think quite safe to play EUR/USD entry level this way.

Above 1.20 short hor yi si. Below 1.19 long hor yi song song. :D
 
awful999

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Mr.Canberra said:
I meant other EUR/USD bulls not me. :s13:

You can try EUR/JPY. I love this pair at one time.
Click to expand...

thanks for pair, just tried and get 2.4 pips scalping :s13:

forex S$122 now, S$78 more toward today target
 
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Mr.Canberra

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KOREA: "NORTH KOREAN FOREIGN MINISTER RI YONG HO...

KOREA: "NORTH KOREAN FOREIGN MINISTER RI YONG HO TO MAKE STATEMENT TO PRESS AT 10 A.M. (1400 GMT) -NORTH KOREAN U.N. MISSION" - Reuters News
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DOLLAR-YEN: Safe-haven yen demand emerges following headlines that the North Korean Foreign Minister to make a statement to the press at 1400GMT. Dollar-yen having retraced Fed Dudley gains, extends slippage to the Y112.18-23 area at typing.
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Could be market moving. Maybe Rocketman going to escalate to another level. :s13: I think he already open gold long position liao.

I set a sell limit order at 1330.0 just in case spike up haha. Current price 1292.27. :D
 
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