*Official* Forex Trading thread.

[awful999]

stopped out due to 10pip spread in the morning haha.

10 spread ? so big spread ?

 

[meltan1990]

10 spread ? so big spread ?

Yes. I emailed to oanda asking about my position.

and they showed me the spread graph for aud/cad

@ every 6.15am the pair will have a spread of 10+ pips.

It happens to every pair.

traders roll over their position for the next trading day. my guess...

 

[awful999]

Yes. I emailed to oanda asking about my position.

and they showed me the spread graph for aud/cad

@ every 6.15am the pair will have a spread of 10+ pips.

It happens to every pair.

So it means that oanda's new trading day starts @ 6.15am,

and there will be a momentarily pause in their system to restart

during that pause the spread will widen, just like how u open mt4 during weekends (system pause)

I wonder do local broker house got such issue or not, that is really not good

 

[meltan1990]

I wonder do local broker house got such issue or not, that is really not good

i not sure which izzit. system reset or roll overs


if theres any one who understands, feel free to explain haha.

 

[awful999]

What Are the 10 Fatal Mistakes Traders Make

http://www.colibritrader.com/10-fatal-mistakes-traders-make/



1) Trading without having a predefined trading plan
2)Over-leveraging
3) Staying glued to the screen
a) Set entry rules
b) Set exit rules
4)Trying to get even or being too impatient
5)Ignoring the trend
6)Having a bullish/bearish bias
7)Little preparation or lack of strategy
8)Being too emotional
9)Lacking money management skills
10) Lack of record keeping


CONCLUSION:
What are the 10 fatal mistakes traders make?? Successful paper trading does not ensure that you will have success when you start trading real money and emotions come into play. Successful paper trading does give the trader confidence that the system they are going to use actually works. Deciding on a system is less important than gaining enough skills so that you are able to make trades without second guessing or doubting the decision.
There is no way to guarantee that a trade will return*profits. This is the actual beauty of trading and being consistent is based on a trader’s skill set and his/her eagerness to improve. Keep in mind winning without losing does not exist in the world of trading. Professional traders know that the odds are in their favour before entering a trade. It is a continuous process of making more profits and cutting down loses which might not ensure a win every time, but it wins*the war.*Traders or investors*who don’t believe in this adage are more viable to making loses.
Traders who win consistently treat trading as a business. While it’s not a guarantee that you will make money, having a plan is crucial if you want to become consistently successful and survive in the trading battle.

 

[Mr.Canberra]

Forex Scoreboard (Realised Gains)

14/12/2016
NZD/USD +2.9 pips

Heng arh managed to scoop 1 x cai png money.

 

[Clock]

cham ah. my audjpy trade is not looking well. set SL. fight another day.

Sent from OnePlus A0001 using GAGT

 

[Clock]

cham ah. my audjpy trade is not looking well. set SL. fight another day.

What Are the 10 Fatal Mistakes Traders Make

http://www.colibritrader.com/10-fatal-mistakes-traders-make/



1) Trading without having a predefined trading plan
2)Over-leveraging
3) Staying glued to the screen
a) Set entry rules
b) Set exit rules
4)Trying to get even or being too impatient
5)Ignoring the trend
6)Having a bullish/bearish bias
7)Little preparation or lack of strategy
8)Being too emotional
9)Lacking money management skills
10) Lack of record keeping


CONCLUSION:
What are the 10 fatal mistakes traders make?? Successful paper trading does not ensure that you will have success when you start trading real money and emotions come into play. Successful paper trading does give the trader confidence that the system they are going to use actually works. Deciding on a system is less important than gaining enough skills so that you are able to make trades without second guessing or doubting the decision.
There is no way to guarantee that a trade will return*profits. This is the actual beauty of trading and being consistent is based on a trader’s skill set and his/her eagerness to improve. Keep in mind winning without losing does not exist in the world of trading. Professional traders know that the odds are in their favour before entering a trade. It is a continuous process of making more profits and cutting down loses which might not ensure a win every time, but it wins*the war.*Traders or investors*who don’t believe in this adage are more viable to making loses.
Traders who win consistently treat trading as a business. While it’s not a guarantee that you will make money, having a plan is crucial if you want to become consistently successful and survive in the trading battle.

actually, if passive H4 and D1 trading would be better. no need to worry and look at the trend.

Sent from OnePlus A0001 using GAGT

 

[Mr.Canberra]

US Retail Sales NOV data release at 9:30pm.

 

[ctstalin]

My AUDCAD short going nowhere, closed with cai png profit...

GBPNZD long triggered at 1.75.... Set SL to BE

 

[xersion]

3/3 red...

Sent from OPPO X9079 using GAGT

 

[meltan1990]

ENTERED:

SELL GBP/CAD @ 1.662
SL @ 1.668
TP1 @ 1.652

gd lark

stopped out @ 1.665. price reversed instantly after trailing my stop.

best

 

[Mr.Canberra]

Forex Scoreboard (Realised Gains)

14/12/2016
NZD/USD +12.4 pips

This week must drink more milk to support New Zealand.

 

[meltan1990]

the market quite hay wire now...

see sawing up and down lol

 

[awful999]

wondering should i sleep now and wake up later or wait till 3am..haha

 

[xersion]

wondering should i sleep now and wake up later or wait till 3am..haha

Let it run, let it go

Sent from OPPO X9079 using GAGT

 

[Daimon]

Bro, these warnings are useless. You can learn that the stove is hot by getting burned once. Important thing is teaching people how to rectify mistakes.

What Are the 10 Fatal Mistakes Traders Make

http://www.colibritrader.com/10-fatal-mistakes-traders-make/



1) Trading without having a predefined trading plan
2)Over-leveraging
3) Staying glued to the screen
a) Set entry rules
b) Set exit rules
4)Trying to get even or being too impatient
5)Ignoring the trend
6)Having a bullish/bearish bias
7)Little preparation or lack of strategy
8)Being too emotional
9)Lacking money management skills
10) Lack of record keeping


CONCLUSION:
What are the 10 fatal mistakes traders make?? Successful paper trading does not ensure that you will have success when you start trading real money and emotions come into play. Successful paper trading does give the trader confidence that the system they are going to use actually works. Deciding on a system is less important than gaining enough skills so that you are able to make trades without second guessing or doubting the decision.
There is no way to guarantee that a trade will return*profits. This is the actual beauty of trading and being consistent is based on a trader’s skill set and his/her eagerness to improve. Keep in mind winning without losing does not exist in the world of trading. Professional traders know that the odds are in their favour before entering a trade. It is a continuous process of making more profits and cutting down loses which might not ensure a win every time, but it wins*the war.*Traders or investors*who don’t believe in this adage are more viable to making loses.
Traders who win consistently treat trading as a business. While it’s not a guarantee that you will make money, having a plan is crucial if you want to become consistently successful and survive in the trading battle.

 

[neoartz]

peace before the storm. Still stuck with my existing position. Not gonna open any position for now

tml morning will be either USD huat gao gao or USD go down to drain
*Praying that auntie yellen dun PMS

 

[Mr.Canberra]

peace before the storm. Still stuck with my existing position. Not gonna open any position for now

tml morning will be either USD huat gao gao or USD go down to drain
*Praying that auntie yellen dun PMS

Today earn a bit of cai png money but 9 currency pairs stuck for now.

Later at 3am will see many lengthy green and red light sabers shooting up and down in a flash! Love the adrenalin! Use M1 chart for full 3D experience.

 

[meltan1990]

the cad dollar...lol...