*Official* Forex Trading thread.

[Mr.Canberra]

I down from 4 digits become down low 3 digits... Can sleep well at night... Lolx

Good for you. LOL!

Ohhh thanks for teaching the correct terminology. Stop buy sounds more accurate indeed.

 

[Mr. Wood]

Again thx u all peeps for the online resources n the frenly discussions here. still a bit cheem 4 me rite now. juz funded my mt5 acctn frm philip. trying out demo 1st. target by yr end will be able to post daily cai png profits here.

 

[Mr.Canberra]

Forecast For Week 21-25/08/2017

This coming week upon open Asia session should be following through with USD buying but at a milder pace.

Blockbuster event for the week will be Fed's Jackson Hole Economic Policy Symposium on 25/08/2017 (Fri) whereby Yellen jie jie (my God Of Fortune) will speak on the topic of financial stability at 10:00pm SGT.

Traders should be starting to trim tactical USD long positions towards New York market closing on 24/08/2017 (Thu).

Throughout this week I expect more political drama and announcements coming out of Uncle Trump's camp which can cause some volatility.

Hope all have a good huat trading week ahead. I am currently on a wining streak for 15 consecutive trading days!

 

[Mr.Canberra]

Forex Trading

Again thx u all peeps for the online resources n the frenly discussions here. still a bit cheem 4 me rite now. juz funded my mt5 acctn frm philip. trying out demo 1st. target by yr end will be able to post daily cai png profits here.

Great to hear feedback that this thread has a friendly atmosphere for healthy discussion. However it did not come easy. Several regular members and myself included have fought hard to whack the trolls, troublemakers and snake oil salesmen to keep the peace here.

All the best and thank you for supporting and following this thread. Most of us here would love to see more Forex enthusiast get interested in this particularly challenging and fun trading instrument.

 

[Mr.Canberra]

CFTC - Commitments of Traders

Traders in Financial Futures - Futures Only Positions as of August 15, 2017

Traders in Financial Futures - Options and Futures Combined Positions as of August 15, 2017

 

[subprimelive]

Again thx u all peeps for the online resources n the frenly discussions here. still a bit cheem 4 me rite now. juz funded my mt5 acctn frm philip. trying out demo 1st. target by yr end will be able to post daily cai png profits here.

May I know any fees if I sign up for mt5 account with Philip? What are the minimum sum to put in Philip account?

 

[lovesleeping1981]

I feel that one good thing about forex that none other activities has done for me is to help me look forward to Monday.

Because the forex market opens. Haha.

 

[Mr.Canberra]

May I know any fees if I sign up for mt5 account with Philip? What are the minimum sum to put in Philip account?

No fees.

No minimum sum.

I feel that one good thing about forex that none other activities has done for me is to help me look forward to Monday.

Because the forex market opens. Haha.

Haha yes I look forward to Monday 5:00am too!

 

[lovesleeping1981]

I down from 4 digits become down low 3 digits... Can sleep well at night... Lolx

Sent from OPPO X9079 using GAGT

Your 4 digit was low or high 4 digit?

Anyway you're not alone. It's a learning curve that must be passed through. No one wins mahjong against the masters without losing money first.

 

[lovesleeping1981]

Haha yes I look forward to Monday 5:00am too!

Haha. *High five*

 

[Mr.Canberra]

Your 4 digit was low or high 4 digit?

Anyway you're not alone. It's a learning curve that must be passed through. No one wins mahjong against the masters without losing money first.

More and more people start to play no stop loss liao!

Trust me I know what I am doing with the no stop loss strategy. You just need to have ample margin to ride out volatile periods. It will come full circle eventually.

The only time I cut and took a big loss of US$500+ was GBP/USD long position as I thought no hope liao as GBP pairs are too volatile with the future uncertain due to Brexit. If I did not cut loss then the current price has already recovered to the price that I opened position haha.

 

[xersion]

Your 4 digit was low or high 4 digit?

Anyway you're not alone. It's a learning curve that must be passed through. No one wins mahjong against the masters without losing money first.

Low 4 digits

Sent from OPPO X9079 using GAGT

 

[lovesleeping1981]

Low 4 digits

Sent from OPPO X9079 using GAGT

Ok but I reckon it's still a couple of k lost. I feel your pain too. It's money hard earned. Not a good feeling to lose it in forex.

 

[Mr.Canberra]

Ok but I reckon it's still a couple of k lost. I feel your pain too. It's money hard earned. Not a good feeling to lose it in forex.

It is nothing once you get used to seeing a few thousand USD down in your account. I am down at least US$2000-3000 every day.

If Mr. xersion panicked and cut loss in the 4 figures region he will lose big time. It is only a loss if you cut it. Unrealised loss is only paper loss. Let it run its own course and recover. Study about fibonacci retracements and how it works. If you know your fundamentals you will know how to make your trades.

Stocks and bonds can go to zero and kaput but not Forex.

 

[lovesleeping1981]

It is nothing once you get used to seeing a few thousand USD down in your account.

It is only a loss if you cut it. Unrealised loss is only paper loss. Let it run its own course and recover.

Heheh. Only if don't use too much leverage then can tahan your method.

 

[xersion]

Ok but I reckon it's still a couple of k lost. I feel your pain too. It's money hard earned. Not a good feeling to lose it in forex.

I already numb liao... Loss 5 digits before already...

Sent from OPPO X9079 using GAGT

 

[Mr.Canberra]

I already numb liao... Loss 5 digits before already...

I write off S$11,000 in one private investment loss.

 

[Mr. Wood]

May I know any fees if I sign up for mt5 account with Philip? What are the minimum sum to put in Philip account?

No fees.

No minimum sum.

Righto.

Juz to add: demo is free but live accnt need min S$500 as initial margin, but withdrawable at anytime.
I juz treat it like my initial investment and leave it in the accnt until I am ready to trade

 

[lovesleeping1981]

I already numb liao... Loss 5 digits before already...

Sent from OPPO X9079 using GAGT

Woah. Hope it's low 5 digits.

 

[subprimelive]

Righto.

Juz to add: demo is free but live accnt need min S$500 as initial margin, but withdrawable at anytime.
I juz treat it like my initial investment and leave it in the accnt until I am ready to trade

Any idea how does margin call work for Philip?suppose u lose close to 90 percent , they call you to top up back to 500?