*Official* Forex Trading thread.

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Perisher

Perisher

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Knight_Rider said:
Calling people prostitutes and liking the post is allowed. There seems to be no boundary to what they can do and you are asking them to stop? If it is FCS long ago ban liao. Send report also no use. Guess the mods must have hated me so I'll just stop posting and like you suggested just add them to ignore list.
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Need 2 hands to clap. Make peace. :zotto:
 
Mr.Canberra

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Trading Turnover Volume (Aug 2017)

Not only bang head for the past 2 trading days but got a shock after reading through my Monthly Statement (Aug 2017).

Total trading turnover volume US$20 Million! :eek: New personal record. Jul was US$10 Mllion.
 
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LucentFX

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Mr.Canberra said:
Not only bang head for the past 2 trading days but got a shock after reading through my Monthly Statement (Aug 2017).

Total trading turnover volume US$20 Million! :eek: New personal record. Jul was US$10 Mllion.
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Is it 200 std lots traded? I.e. 1pip is $10/lot?

Cheers!
 
revhappy

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I wonder how do you guys look at FX trading? Do you consider SGD as your base currency and when you convert to USD you are taking a position and then convert back to SGD you close the position. But if you consider USD as your base currency and then trade USDEUR pair, it is confusing to know whether you are in profit or loss relative to SGD.

Sent from Xiaomi REDMI NOTE 4 using GAGT
 
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xersion

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revhappy said:
I wonder how do you guys look at FX trading? Do you consider SGD as your base currency and when you convert to USD you are taking a position and then convert back to SGD you close the position. But if you consider USD as your base currency and then trade USDEUR pair, it is confusing to know whether you are in profit or loss relative to SGD.

Sent from Xiaomi REDMI NOTE 4 using GAGT
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I'm using sgd as my currency... Just let broker convert on its own... Profit or loss just look at ur open trade if it's in green or red lor

Sent from OPPO X9079 using GAGT
 
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LucentFX

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Jasmineeeee said:
Also, just curious, which broker do you guys use? I'm using IG. Don't really like the idea of using a broker without an office in Singapore. Downside of IG is that it only offers 50x leverage.

I would be back in Singapore mid/end Sept.
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I only use overseas brokers as they offer higher leverage. It depends on how aggressive your trading strategy is, and whether the leverage offered locally can support it.

Also, overseas spreads are usually much lower as well.

I used USD as my base currency. If your strategy is a winning one, the currency exchange risk is negligible.
 
Mr.Canberra

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North Korea tested a Hydrogen bomb on Sunday. Last week fire missile over Japan and today this. Expecting gold shoot up and safe haven buying for the next 48 hours.

Will reply to previous posts when I have more time.
 
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[M]aiev

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Mr.Canberra said:
North Korea tested a Hydrogen bomb on Sunday. Last week fire missile over Japan and today this. Expecting gold shoot up and safe haven buying for the next 48 hours.

Will reply to previous posts when I have more time.
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When the report released, profit alr taken off from the table liao during the next opening season liao lah

:s13:
 
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