*Official* Forex Trading thread.

[Mr.Canberra]

Now balance?

Started June 2016.

Topped up another S$4000 last week so total capital is S11,000.

Current balance S$17,990.

 

[xersion]

Started June 2016.

Topped up another S$4000 last week so total capital is S11,000.

Current balance S$17,990.

Not bad profit.... Can eat many times kfc

Sent from OPPO X9079 using GAGT

 

[iamveryguailan]

Started June 2016.

Topped up another S$4000 last week so total capital is S11,000.

Current balance S$17,990.

Did u withdraw any during the past year? If you did then the profits is higher haha

 

[Mr.Canberra]

Not bad profit.... Can eat many times kfc

Thanks.

Did u withdraw any during the past year? If you did then the profits is higher haha

Sometimes I withdraw or top up a bit but I always make a note that I am withdrawing capital amount instead so the balance less capital is purely profits. Easy to remember and monitor.

So in this case to date my profits are S$6990.

 

[Mr.Canberra]

Forex Strategy

To me I treat my Forex trading account like a long term savings account. That is why I play no stop loss and carry trade to earn interest if any. Capital preservation is often overlooked by most people.

The same amount of money will only earn peanuts if I place it in a Fixed Deposit.

Once again never under estimate the power of arbitrage and interest rate differentials.

 

[Mr.Canberra]

From The Horses Mouth

Had a good discussion with my project client for the past few days. He used to work as fund manager for instituition investment in ang moh country. I managed to verify some hard truth facts.

1) RETAIL INVESTING: Financial/Wealth Consultants or Managers are just selling junk products so they can hit sales quota and earn commission.
2) INSTITUTION INVESTING: Fund managers earn their keep only when the funds perform. So they are very incentivised to invest in true undervalue assets or switch to government bonds when the market becomes too volatile. Their trading order board can view all the nett long or short positions. With this advantage how not to make money?

So now do you guys understand why institutions can only get richer but retail investors mostly lose money? To make money you must follow big boys' direction. I monitor the calls made by some institution FX strategists as quite zhun. Few weeks ago got one call made was EUR/USD target 1.2. Really coming true!

My hero for FX call is Marc Chandler.

My hero for bonds call and interest rate is Bill Gross aka Bond King.

My hero for economy trend is El Erian.

 

[tiertime]

Mr Canberra can I ask why you don't want to work? Work can also give u $300-$500 a day, somemore there are some jobs that are quite relaxing, no OT kind. And you won't suffer any losses one. Then can trade after work or even during work if you have free time.

What kind of work r u talking about can earn 300-500 a day ?

 

[Mr.Canberra]

What kind of work r u talking about can earn 300-500 a day ?

Haha that is why I wonder too. This is elite pay scale liao. Why should I trade more than 12 hours daily if got such relax job openings with high pay?

This is the Swiss standard type of living I am waiting for as promised by one old man.

 

[marknewlife]

Had a good discussion with my project client for the past few days. He used to work as fund manager for instituition investment in ang moh country. I managed to verify some hard truth facts.

1) RETAIL INVESTING: Financial/Wealth Consultants or Managers are just selling junk products so they can hit sales quota and earn commission.
2) INSTITUTION INVESTING: Fund managers earn their keep only when the funds perform. So they are very incentivised to invest in true undervalue assets or switch to government bonds when the market becomes too volatile. Their trading order board can view all the nett long or short positions. With this advantage how not to make money?

So now do you guys understand why institutions can only get richer but retail investors mostly lose money? To make money you must follow big boys' direction. I monitor the calls made by some institution FX strategists as quite zhun. Few weeks ago got one call made was EUR/USD target 1.2. Really coming true!

My hero for FX call is Marc Chandler.

My hero for bonds call and interest rate is Bill Gross aka Bond King.

My hero for economy trend is El Erian.

year after year we hear of pple lost money to fund managers, wealth coach, financial planners. all these try to confuse pple using cheem words.
but hats off to them. good market can con pple. bad market oso manage to con pple.

just last wk some1 tried to talk me into taking a "good loan" to buy sumthing i cant afford.


my hero for fx is staki mr canberra.

 

[sulpice]

Had a good discussion with my project client for the past few days. He used to work as fund manager for instituition investment in ang moh country. I managed to verify some hard truth facts.

1) RETAIL INVESTING: Financial/Wealth Consultants or Managers are just selling junk products so they can hit sales quota and earn commission.
2) INSTITUTION INVESTING: Fund managers earn their keep only when the funds perform. So they are very incentivised to invest in true undervalue assets or switch to government bonds when the market becomes too volatile. Their trading order board can view all the nett long or short positions. With this advantage how not to make money?

So now do you guys understand why institutions can only get richer but retail investors mostly lose money? To make money you must follow big boys' direction. I monitor the calls made by some institution FX strategists as quite zhun. Few weeks ago got one call made was EUR/USD target 1.2. Really coming true!

My hero for FX call is Marc Chandler.

My hero for bonds call and interest rate is Bill Gross aka Bond King.

My hero for economy trend is El Erian.

You are speaking like a Financial Consultant yourself. What are you trying to achieve here? Don't think people don't know. Be specific. Don't try ur games. We know what is real.

 

[Mr.Canberra]

You are speaking like a Financial Consultant yourself. What are you trying to achieve here? Don't think people don't know. Be specific. Don't try ur games. We know what is real.

Wow first time get accused to be some snake oil salesman. Anyway the regular folks here know.

Looks like you take it personal as maybe you are in that industry or taking drugs while typing this post. Or you are trying to troll haha.

Need my spokesperson to say something liao.

 

[Mr.Canberra]

year after year we hear of pple lost money to fund managers, wealth coach, financial planners. all these try to confuse pple using cheem words.
but hats off to them. good market can con pple. bad market oso manage to con pple.

just last wk some1 tried to talk me into taking a "good loan" to buy sumthing i cant afford.

my hero for fx is staki mr canberra.

Eh you better keep low profile. I got accused as snake oil salesman liao.

 

[xersion]

Wow first time get accused to be some snake oil salesman. Anyway the regular folks here know.

Looks like you take it personal as maybe you are in that industry or taking drugs while typing this post. Or you are trying to troll haha.

Need my spokesperson to say something liao.

Paging for me?
Ignore all trolls... Today Monday time to Huat again

Sent from OPPO X9079 using GAGT

 

[xersion]

We are not snake oil seller, clock post by posting smiley... We are peaceful players who post our views and trades.
It has always been peaceful in here till trolls come and challenge.

Sent from OPPO X9079 using GAGT

 

[awful999]

Eh you better keep low profile. I got accused as snake oil salesman liao.

If you are one of snake oil salesman, then I will be second one

 

[marknewlife]

Betw a snake oil seller who gives FREE oil vs one who SELLS oil at $4k++, or those "advisers" who charge a service fee or management fee, all without gaurantee, i lean towards free advise.

yes, i am a cheepo, and i am proud of it.

 

[justsomeguy]

I personally feel no stop loss is a recipe for disaster. The markets can remain irrational longer than you can remain liquid.

 

[Mr.Canberra]

I personally feel no stop loss is a recipe for disaster. The markets can remain irrational longer than you can remain liquid.

Only for people with strong hearts.

 

[Sotooong]

I second no stop loss. But you need to monitor n for fx major pairs risks woukd be substantially lower. I thanked mr canberra for his valuable sharing.

Only for people with strong hearts.

 

[justsomeguy]

Only for people with strong hearts.

It's not a matter of strong heart, but rather of discipline. It takes more effort to recover from a drawdown than a position of gain.

Personally, I take care of my discipline and let the gains take care of itself. This has worked for me and for most professionals i know, and I would recommend this to newbies. I've also seen quite a few blowups in my life, that's why I posted this.

No offense meant, is my view and experience