*Official* Forex Trading thread.

[dexboi]

Any big events coming up 21-25 August?

 

[Mr.Canberra]

Any big events coming up 21-25 August?

You can ask Alexa haha.

Uncle do research post free analysis big big here you never see?

 

[xersion]

Woah. Hope it's low 5 digits.

Mid....

Sent from OPPO X9079 using GAGT

 

[lovesleeping1981]

Mid....

Sent from OPPO X9079 using GAGT

Can share roughly how long did it take for your mid 5 figures to go down?

 

[Jedihan]

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

Sent from OPPO X9079 using GAGT

I lost 50K in total from all investments since I started. If I just placed my money in the fixed deposit like my friend, I will be so much richer.

But then again, the other friend won back the 100K he lost elsewhere through forex. Hence under his influence, I decided to try. But I dont have his balls, his no stop loss is truly amazing. He top up and top up until 35K paper losses (shorted gold and long USD) and still can sleep. End up win back 35K.

 

[iamveryguailan]

I lost 50K in total from all investments since I started. If I just placed my money in the fixed deposit like my friend, I will be so much richer.

But then again, the other friend won back the 100K he lost elsewhere through forex. Hence under his influence, I decided to try. But I dont have his balls, his no stop loss is truly amazing. He top up and top up until 35K paper losses (shorted gold and long USD) and still can sleep. End up win back 35K.

To lose 50k without batting an eyelid, you must have at least 500k or more?

 

[Mr.Canberra]

I lost 50K in total from all investments since I started. If I just placed my money in the fixed deposit like my friend, I will be so much richer.

But then again, the other friend won back the 100K he lost elsewhere through forex. Hence under his influence, I decided to try. But I dont have his balls, his no stop loss is truly amazing. He top up and top up until 35K paper losses (shorted gold and long USD) and still can sleep. End up win back 35K.

Haha your friend is really the champion of NO STOP LOSS!

 

[xersion]

Can share roughly how long did it take for your mid 5 figures to go down?

2 years... The 5 figure loss is in total. There's break in between

Sent from OPPO X9079 using GAGT

 

[lovesleeping1981]

2 years... The 5 figure loss is in total. There's break in between

Sent from OPPO X9079 using GAGT

Ok 2 years is pretty long. I'm sure some can burn through that in months.

 

[Mr.Canberra]

NZD/USD, USD/CHF

Good morning, good morning!

Scalping NZD/USD and USD/CHF.

Total gains for today is currently US$22.00 KFC profit.

 

[Mr.Canberra]

CFTC: Friday's CFTC data showed for the week...

CFTC: Friday's CFTC data showed for the week ending August 15th that speculative accounts had trimmed Euro longs by 14k to 79k. Sterling shorts had increased by 7k to 32k. Australian dollar longs rose 2k to 60k. New Zealand dollar longs dropped by 9k to 25k. Japanese yen shorts decreased 18k to 78k. Meanwhile, there was no discernible change to Swiss franc positions, remaining short 1k.

 

[Mr.Canberra]

FOREX: It was an extremely quiet start to the new...

FOREX: It was an extremely quiet start to the new trading week, the dollar was broadly side-lined and did not veer too far from this morning's opening price. Dollar-yen carved out a Y109.16 to Y109.42 range, last at Y109.23. Euro-dollar trekked between $1.1750 and $1.1766, last at $1.1757. Aussie-dollar idled between $0.7920 and $0.7935. Cable wandered between $1.2856 and $1.2882, last at $1.2875

 

[Mr.Canberra]

Phillip Futures MT5 Terminal

1) Only Forex trading is available for MT5 Terminal.
2) Base currency is in USD. No multi currency wallet available.
3) You can convert existing Forex trading account to Phillip Futures MT5 Terminal but positions must be liquidated before conversion.
4) Minimum trade from micro lots (0.01/US$1000)

Phillip spokeman...

Haha I do not get paid hor.

Was thinking about opening another account so I called them and enquire.

 

[Jedihan]

To lose 50k without batting an eyelid, you must have at least 500k or more?

I am only 35 year old. Where have 500K.... but just have to accept it. And believe you can make it back. When I first started on CFD, 3.5K initial deposit, I made 20K in 3 months. My broker said I was his second best performing client. Then when I start losing, I lose all the way also. So I know winning back is possible but losing so many times also built an irrational fear that I struggle to conquer. And affect my calls. That is probably why when I lose, I continue losing.

For example I cut loss at 8K when I held 10 lots gbp usd only for it to rebound. Then I dui why did I cut whole day..

 

[Mr.Canberra]

I am only 35 year old. Where have 500K.... but just have to accept it. And believe you can make it back. When I first started on CFD, 3.5K initial deposit, I made 20K in 3 months. My broker said I was his second best performing client. Then when I start losing, I lose all the way also. So I know winning back is possible but losing so many times also built an irrational fear that I struggle to conquer. And affect my calls. That is probably why when I lose, I continue losing.

For example I cut loss at 8K when I held 10 lots gbp usd only for it to rebound. Then I dui why did I cut whole day..

Think your broker also shock that his client is a talent trader. You should apply position in Goldman Sachs.

On a serious note you may want to consider this. What you are facing is what I call 'no form'. No form means no form. Do not stubbornly pursue any more trades. Apply your own circuit breaker and take a break.

When I have no form I switch off my computer and go Johor Bahru to eat KFC and relax.

 

[Mr. Wood]

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?

they mentioned something like 50% will kana margin call. but was not much paying attn. but pretty sure it is not so low until 90%.
grace is 3days to top up or they will square off accnt.

 

[Mr.Canberra]

they mentioned something like 50% will kana margin call. but was not much paying attn. but pretty sure it is not so low until 90%.
grace is 3days to top up or they will square off accnt.

Yes correct once hit below 50% will get margin call to top up or liquidate.

One thing good about local brokerage firms is they still give you a chance to top up margin when it falls below your equity amount. For overseas based ones your account auto closed out when burst!

 

[Mr.Canberra]

NZD/USD, USD/CHF

Scalping NZD/USD and USD/CHF.

Total gains for today is currently US$67.96 KFC profit.

STUCKED POSITIONS

AUD/USD (US$40,000) SHORT: -114 pips
USD/CAD (US$20,000) LONG: -530 pips
USD/JPY (US$10,000) LONG: -828 pips

 

[lovesleeping1981]

I am only 35 year old. Where have 500K.... but just have to accept it. And believe you can make it back. When I first started on CFD, 3.5K initial deposit, I made 20K in 3 months. My broker said I was his second best performing client.

Wah talent spotted sia. 3.5k become 20k also no mean feat. It's like 5.7 times.

 

[lovesleeping1981]

Scalping NZD/USD and USD/CHF.

Total gains for today is currently US$67.96 KFC profit.

STUCKED POSITIONS

AUD/USD (US$40,000) SHORT: -114 pips
USD/CAD (US$20,000) LONG: -530 pips
USD/JPY (US$10,000) LONG: -828 pips

Hey I remembered u had more positions that were stuck. Unstuck and closed already?