*Official* Forex Trading thread.

[xersion]

i see.

somebody mentioned pepperstone and i googled. looks good.

Am thinking about switching from oanda....

I applied this morning and was approve within 30 mins

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[awful999]

I applied this morning and was approve within 30 mins

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wow so fast, after you test, please have review here

 

[Knight_Rider]

already did that, today just clear one lot @117.42, long last week @117.06, but overall still stuck at 117.65

Repeat and rinse a few times sure can clear. Use small lots (half of original) to protect margin. Yen pairs gonna dive so be careful.

 

[Optionstrader]

i see.

somebody mentioned pepperstone and i googled. looks good.

Am thinking about switching from oanda....

Pepperstone and orbex are reputable real traders use mt4

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[awful999]

Pepperstone and orbex are reputable real traders use mt4

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what is the funding method ? can use our inter bank fast transfer ?

 

[Knight_Rider]

what is the funding method ? can use our inter bank fast transfer ?

The usual interbank credit card..... I use them 5 years liao no issue

 

[xersion]

wow so fast, after you test, please have review here

Interface is good... Will fund next year and close Oanda

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[awful999]

Repeat and rinse a few times sure can clear. Use small lots (half of original) to protect margin. Yen pairs gonna dive so be careful.

sorry I am a bit slow, just like to confirm the method you are using.

eg If I long but go down 50 pips, at this point by hedging mean is long or short at half size of the trade ?

 

[rayzzzz82]

The usual interbank credit card..... I use them 5 years liao no issue

There are many brokers to use like IC Market, global prime, pepperstone axitrader under aussie and activtraders, darwinex, LCG, LMAX, Varianse under UK.

I prefer UK one as the fund is insured up till 50k.

For info, there is no true ECN. Best u can go in stp.

Just for sharing

 

[Optionstrader]

what is the funding method ? can use our inter bank fast transfer ?

Use credit or debit card

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[Optionstrader]

There are many brokers to use like IC Market, global prime, pepperstone axitrader under aussie and activtraders, darwinex, LCG, LMAX, Varianse under UK.

I prefer UK one as the fund is insured up till 50k.

For info, there is no true ECN. Best u can go in stp.

Just for sharing

Agree most brokers are market makers best is stp

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[Knight_Rider]

sorry I am a bit slow, just like to confirm the method you are using.

eg If I long but go down 50 pips, at this point by hedging mean is long or short at half size of the trade ?

Go down 50 pips I normally will not hedge (short) first. I will insert a SMALL long. Just in case market go against you then you can have ammo to insert another small long.

Hedge only when your account cannot tahan like 200 pips then bo pian because very hard to clear when your short is 250 pips below the long. Takes a few more cycles to clear than just 1 long.

USDJPY moving up see how first.

 

[Optionstrader]

sorry I am a bit slow, just like to confirm the method you are using.

eg If I long but go down 50 pips, at this point by hedging mean is long or short at half size of the trade ?

U can hedge u can also do a limit order buy and sell together then wait for a powerful move

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[awful999]

Go down 50 pips I normally will not hedge (short) first. I will insert a SMALL long. Just in case market go against you then you can have ammo to insert another small long.

Hedge only when your account cannot tahan like 200 pips then bo pian because very hard to clear when your short is 250 pips below the long. Takes a few more cycles to clear than just 1 long.

USDJPY moving up see how first.

ok, thanks understand what you mean now.

 

[Optionstrader]

Ive been trading for quite long liao jus busy with uber and cars

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[awful999]

U can hedge u can also do a limit order buy and sell together then wait for a powerful move

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by using just one account, when you hedge, you will square current position, so need to use second account to hedge right ?

 

[xersion]

by using just one account, when you hedge, you will square current position, so need to use second account to hedge right ?

No need... Oanda can

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[Knight_Rider]

There are many brokers to use like IC Market, global prime, pepperstone axitrader under aussie and activtraders, darwinex, LCG, LMAX, Varianse under UK.

I prefer UK one as the fund is insured up till 50k.

For info, there is no true ECN. Best u can go in stp.

Just for sharing

I dun like UK esp got anything to do with Cyprus or Mauritius or........ Pretty obvious reasons.

 

[Knight_Rider]

by using just one account, when you hedge, you will square current position, so need to use second account to hedge right ?

Normally use 2nd account will be faster. But 1 account you have more control on levels and margin. By the time you clear you will be the USDJPY expert because levels, SNR, characteris all in your fingertips. Hahahaha join the master lock club.

 

[awful999]

No need... Oanda can

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by adding sub account or MT4 account right ?