*Official* Forex Trading thread.

[Mr. Wood]

Many young guys here.

Wish I was young again.
Start learn how to trade early.

 

[Mr. Wood]

-'QE' stimulus target US$1 Million balance sheet. No set deadline. Data dependent.[/B]

1M jsm
Ownself approve ownself QE budget

 

[Jedihan]

STUCKED POSITIONS [NO STOP LOSS]

AUD/USD (US$40,000) SHORT: -234 pips
EUR/USD (US$100,000) SHORT: -82 pips
NZD/USD (US$100,000) SHORT: -24 pips
USD/CAD (US$40,000) LONG: -665 pips
USD/CHF (US$120,000) LONG: -164 pips
USD/JPY (US$10,000) LONG: -886 pips

TOTAL CONTRACT SIZE: US$410,000
UNREALISED VALUE (LOSS) OF POSITIONS: -US$7155

-'QE' stimulus target US$1 Million balance sheet. No set deadline. Data dependent.

I have another 80K cash that I can QE into my IG. With this QE, I can play 25-30 lots instead. Should I do it?

 

[Mr.Canberra]

'QE'

Wish I was young again.
Start learn how to trade early.

Me too.

1M jsm
Ownself approve ownself QE budget.

Haha if I borrow from my 'Central Bank' Chief at 0.0% interest and plus my entire assets I believe can leverage up to US$40 Million worth of contracts!

I have another 80K cash that I can QE into my IG. With this QE, I can play 25-30 lots instead. Should I do it?

Wow Mr. Jedihan you play so big! I see liao very scared leh!

Using US$80,000 as equity I believe smelly smelly can leverage to US$4 Million worth of contracts. That is 40 standard lots!

Suddenly 'QE' so in trend? Once start doing 'QE' it is very hard to tighten the balance sheet you know?

 

[Mr.Canberra]

CABLE: Breaks above $1.3200 and seen challenging...

CABLE: Breaks above $1.3200 and seen challenging the reported resistance level at $1.3207 (90 week ma, said to have helped cap Friday at $1.3223, line at $1.3226). Break here to expose last Friday's high of $1.3223.

****y 1.32X is the level that I long last year but have since cut losses months ago as GBP is super volatile.

This is why I dare to play no stop loss knowing one fine day it will eventually recover. Many positions have recovered when I hold it out all the way plus gaining swap points along the way.

 

[ExtremeWays]

Wish I was young again.
Start learn how to trade early.

What's your advice? Net income is 3k plus every month

 

[Mr. Wood]

What's your advice? Net income is 3k plus every month

seriously? this is a whole topic by itself....

briefly:
shld put aside liquid cash (saving deposit), sufficient insurance, then the balance can talk abt playing the market.
everyone lifestyle is diffnt. u must decide for urself how much r u willing to lose w/o sleepless nights or have to sell wife sell house to pay off the debts.

 

[Mr.Canberra]

What's your advice? Net income is 3k plus every month

seriously? this is a whole topic by itself....

briefly:
shld put aside liquid cash (saving deposit), sufficient insurance, then the balance can talk abt playing the market.
everyone lifestyle is diffnt. u must decide for urself how much r u willing to lose w/o sleepless nights or have to sell wife sell house to pay off the debts.

Only punt with funds that you can afford to lose.

Why do I have a feeling Mr. ExtremeWays is Daimon kor kor haha?

 

[Mr.Canberra]

USD

USD on steroids. A few of my stucked positions recovering!

Woohoo uncle Sam wan shui!

 

[Jedihan]

seriously? this is a whole topic by itself....

briefly:
shld put aside liquid cash (saving deposit), sufficient insurance, then the balance can talk abt playing the market.
everyone lifestyle is diffnt. u must decide for urself how much r u willing to lose w/o sleepless nights or have to sell wife sell house to pay off the debts.

This. The first time I lost 8K one night due to 8 lots of GBP usd. Whole night cannot sleep. Especially it rebounded after I cut.

Want to earn 3K a month? Earn 15K also can be easily done. Problem is lose 15K also as easy.

I still trying to beat the fear so that I can decide to all in into my IG or not... Else I probably slowly diversifying into gold, bitcoin first

 

[awful999]

This. The first time I lost 8K one night due to 8 lots of GBP usd. Whole night cannot sleep. Especially it rebounded after I cut.

Want to earn 3K a month? Earn 15K also can be easily done. Problem is lose 15K also as easy.

I still trying to beat the fear so that I can decide to all in into my IG or not... Else I probably slowly diversifying into gold, bitcoin first

bro, piece of advice from me, better dont all go in , sorry if i talk too much

 

[lovesleeping1981]

bro, piece of advice from me, better dont all go in , sorry if i talk too much

I agree. Always leave a backup nest of money. $10-20k also good. Sorry if I am wet blanket too. But let's be realistic here. If you forex all empty, your life still have to go on.

 

[Mr.Canberra]

RMB – Risks Still To The Upside

http://info.maybank2u.com.sg/pdf/investment-insurance/insight/fx-insight-05-09-17.pdf

 

[Mr.Canberra]

DOLLAR-YEN: A further wave of dollar demand, as...

DOLLAR-YEN: A further wave of dollar demand, as risk on starts, stocks rise and US Tsys yields grind higher has seen the rate touch a fresh high of Y109.00.

My stucked NZD/USD short position going to break even soon.

 

[Jedihan]

I agree. Always leave a backup nest of money. $10-20k also good. Sorry if I am wet blanket too. But let's be realistic here. If you forex all empty, your life still have to go on.

I guess everyone is right. I am about 30% in at the moment. I still have stocks (sadly is the lousy mistake of M1) in case.

 

[Mr.Canberra]

I guess everyone is right. I am about 30% in at the moment. I still have stocks (sadly is the lousy mistake of M1) in case.

Try to stay diversified. Investment and trading are different matters.

Mine is mostly Forex for Fixed Income yields and a small portion for Forex trading (some say punting ).

No stocks. I only put money into what I know best. Forex and hard assets.

 

[Mr.Canberra]

Attention Moderator

Snake oil salesman and troll spotted.

 

[Mr.Canberra]

Hahahaha that was fast!

 

[awful999]

yesterday forex no income, eat air, only income from stock/index, today still dont know how to scalp haha

 

[xersion]

Yesterday profit

Sent from OPPO X9079 using GAGT