*Official* Forex Trading thread.

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Mr.Canberra

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EURO-DOLLAR: Extends early Europe reversal, from...

EURO-DOLLAR: Extends early Europe reversal, from posted high of $1.1956, to $1.1923 with the earlier Asian low of $1.1921 moving within touching distance. Expect support into $1.1920, a break to expose next area of support between $1.1910/00.

Swee EUR/USD plunging! :s13:

Pivot 1.9071 (S2).

21/09/2017 2:00am SGT is Fed interest rate decision (expect no hike) so I expect dollar demand and lots of prataing this week. Volatility is good for scalping. :s13:
 
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awful999

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Swee EUR/USD plunging! :s13:

Pivot 1.9071 (S2).

21/09/2017 2:00am SGT is Fed interest rate decision (expect no hike) so I expect dollar demand and lots of prataing this week. Volatility is good for scalping. :s13:

heng , my stuck EU short better now and toward BE :s12:
 

havetheveryfun

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You are using $200 as margin to leverage up to buy $2k. If value goes up to $4k, you make $2k.

But if goes down, you probably get a margin call and wiped out first.

My advice is better to stay away from forex. You can make a KFC chicken profit but you will lose a Ferrari easily if you don't have a proper risk management.

*Currencies cannot go to zero but your account can get wiped out easily*

ya i see the way they trade is so scary haha.. can win a lot but ppl forget can also lose a lot in the other way..

I think it is still ok to trade bah but just dont leverage too much . Like even though brokerages allow you to leverage up to 50x but better stick to like 3-5x at most unless you are really confident on your positions.
 

Mr.Canberra

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Played some defence
Sold some 1350 calls lol

Steady lah play options. :s13:

ya i see the way they trade is so scary haha.. can win a lot but ppl forget can also lose a lot in the other way..

I think it is still ok to trade bah but just dont leverage too much . Like even though brokerages allow you to leverage up to 50x but better stick to like 3-5x at most unless you are really confident on your positions.

Many guys here play 4-6 standard lots at one go. Scary and incur big loss only if you are stopped out (stop loss) due to big boys' manipulation (some say speculation). If you place a stop loss threshold below 100 pips confirm lose money over time. :D

If play no stop loss lagi scary if you do not know what you are doing! :eek: But confirm in the long run will come out ahead than dumping money in 老虎机! Don't be like that poor Ah Pek in 前线追踪 programme last night. :s13:

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