*Official* Forex Trading thread.

[awful999]

Closed my Oanda shorts with slight lost.... Bye bye Oanda...

Sent from OPPO X9079 using GAGT

GXGX, finally unlock...

 

[awful999]

Most trader still sleeping after a great profit just now..haha

USD continuos weakening...

 

[xersion]

GXGX, finally unlock...

Yeah... Now focus on Pepperstone only...

Sent from OPPO X9079 using GAGT

 

[awful999]

Closed both to lock in profit while UJ,Usdsgd got stuck

Sent from LGE LG-H860 using GAGT

 

[xersion]

Closed both to lock in profit while UJ,Usdsgd got stuck

Sent from LGE LG-H860 using GAGT

One more week lunch money in pocket

Sent from OPPO X9079 using GAGT

 

[awful999]

Sorry still new to this, mini & micro lot is how many units?

Previous day (10jan) entered several long USD/JPY at average price of 115.99, 70k units and threw at 116.831 around 2318hrs just before trump's news.

During trump news short USD/JPY 30k units at 116.13, threw at 115.844, should have waited for awhile for post aftermath tho hahas XD but needed to study lecture slides for tomorrow class so I exit in fear of rebound.

PS late liao got class tmr :/ pics if diedie GPGT i`ll attach tmr

what a good start and with so much profit, huat ar

 

[xersion]

Sorry still new to this, mini & micro lot is how many units?

Previous day (10jan) entered several long USD/JPY at average price of 115.99, 70k units and threw at 116.831 around 2318hrs just before trump's news.

During trump news short USD/JPY 30k units at 116.13, threw at 115.844, should have waited for awhile for post aftermath tho hahas XD but needed to study lecture slides for tomorrow class so I exit in fear of rebound.

PS late liao got class tmr :/ pics if diedie GPGT i`ll attach tmr

How much u fund ur account?

Sent from OPPO X9079 using GAGT

 

[awful999]

Advice for New Traders

http://www.newtraderu.com/2017/01/11/advice-new-traders/
If someone was ready to start trading and had a basic understanding of the markets and asked me for some of my best advice on how they could make money as a trader, this is what I would tell them.

Understand that trading is like any other professional endeavor, you will be monetarily rewarded based on the effort and work you put into it to learn how to trade. Trading is one of the few fields where amateurs can go compete with professionals with a very low price of entry. Your trading tuition will have to be paid through the experience of losses and time doing your homework. You will get out of trading the effort you put into it.
If you have to get others opinions about your trade, asking others advice on entries and exits, then you really need to stop trading and work on a detailed trading plan that gives you a road map of how manage a trade. If you don’t have a trading plan every thing you do is random. There is no edge in randomness.
Do not waste your time on searching for the Holy Grail of trading, an easy money, can’t lose, trading method does not exist because markets change in cycles. Trading is always a competitive event between traders and market conditions are always changing from volatile to stable and from trending to choppy, so nothing works in all market environments.
Successful trading is based on your winning trades collectively being bigger than your losing trades are collectively. So your goal is to either trade a system with a few huge wins and a lot of very small losses or a high winning percentage system that keeps the losing trades controlled.
Do not look for a good trade, instead look for a great winning methodology to trade with. Have the right trading process and the money will follow eventually. Looking for easy money in the markets is the process for losing money.
Your risk management while trading will determine your trading success more than your method. You have to make it safe to be wrong a few times in a row and not lose all your trading capital.
If you want to be a successful trader then focus on what is actually happening with price action and stay away from your own opinions and biases of what should happen. Wanting to be right for the sake of your ego is another expensive game. You can’t predict a nonexistent future.
You can’t use anyone else’s system, you have to trade a system that fits you. One that you understand and can trade with discipline because of your confidence in it and yourself.
Look for and find your own edge. What are you the best at doing in the markets? Some are masters of shorting, others trend following, some are great at selling options that expire worthless. Usually the type of trading you are the most passionate about gives you the drive to research it until you find that edge.
Master some aspect of trading, find something to be an expert on. A market, a stock, IPOs, options, futures, day trading, trend following, etc. Don’t be a jack of all trades, be a master of one type of trading.

 

[awful999]

after three days, finally closed my long for taiwan index 348.8 @ 351.8, US$300 profit..not bad..haha

while wait for stuck USDJPY and USDSGD

 

[Clock]

Closed both to lock in profit while UJ,Usdsgd got stuck

Sent from LGE LG-H860 using GAGT

lucky u closed ur gold short position, now going up.

 

[Knight_Rider]

Closed kiwi martingale with healthy profits. People who say my account will burst have not master chart reading yet.

The chart must talk to you. If you do not know what the market is doing open up 24 charts. Then it will be more obvious. Beside TA and FA you also need to have "feeling". When you are very familiar with a pair that feeling will come. It cannot be taught. When UJ is going up it is opportunity for you to sell higher not for you to cut loss. If the chart is not obedient then your training on that pair is still not good enough.

UJ H4 dragonfly. Please dun long at wrong level. If you enter a trade and is -60 pips against you then your account probably won't survive the 11th trade. I think I flip coin will definitely have better odds. Concentrate on a pair and do well and not be jack of all trades.

 

[Clock]

Closed kiwi martingale with healthy profits. People who say my account will burst have not master chart reading yet.

The chart must talk to you. If you do not know what the market is doing open up 24 charts. Then it will be more obvious. Beside TA and FA you also need to have "feeling". When you are very familiar with a pair that feeling will come. It cannot be taught. When UJ is going up it is opportunity for you to sell higher not for you to cut loss. If the chart is not obedient then your training on that pair is still not good enough.

UJ H4 dragonfly. Please dun long at wrong level. If you enter a trade and is -60 pips against you then your account probably won't survive the 11th trade. I think I flip coin will definitely have better odds. Concentrate on a pair and do well and not be jack of all trades.

can you share trade signal for every trade when you post ?

 

[Knight_Rider]

can you share trade signal for every trade when you post ?

You very greedy leh. Give you a 200 pip tip you still want signal. I say nobody will believe wan lah. I can discuss but like nobody want to talk to me dun know why??

 

[Knight_Rider]

M15 "teacup" h pattern .........lol

 

[meltan1990]

You very greedy leh. Give you a 200 pip tip you still want signal. I say nobody will believe wan lah. I can discuss but like nobody want to talk to me dun know why??

i tot u posting here and ppl talking to u?

got ppl dun wanna talk to u?

 

[Clock]

You very greedy leh. Give you a 200 pip tip you still want signal. I say nobody will believe wan lah. I can discuss but like nobody want to talk to me dun know why??

i never say i dont believe you but i dont really like to read in between lines and so forth. i see ppl replying to u leh... no one talking to u?

BTW, whats TA and FA? I just started nia...

 

[Knight_Rider]

i never say i dont believe you but i dont really like to read in between lines and so forth. i see ppl replying to u leh... no one talking to u?

BTW, whats TA and FA? I just started nia...

Technical analysis and Fundamental analysis.

Start a demo account and chose a major pair to trade. Avoid yen pairs because too voilatile for newbie. Choose 3 indicator that you are comfortable with. Those too lagging ones discard and replace with more accurate ones. Practice practice practice. Then start real account. Pay some tuition fees and get a mentor. That's a good start

 

[Knight_Rider]

Anybody buy the h pattern?

 

[treeskull]

Small scalp only

Anybody buy the h pattern?

Sent from 你是我的小啊小苹果儿怎么爱你都不嫌多红红的小脸儿温暖我的心窝点亮我生命的火火火火火火 using GAGT

 

[Clock]

Technical analysis and Fundamental analysis.

Start a demo account and chose a major pair to trade. Avoid yen pairs because too voilatile for newbie. Choose 3 indicator that you are comfortable with. Those too lagging ones discard and replace with more accurate ones. Practice practice practice. Then start real account. Pay some tuition fees and get a mentor. That's a good start

Thanks!
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