Forex Trading

[Good-Carbuyer]

I know many who do.....and they asking me to lend them money now....you think I should?

I like to believe you are not kidding. I believe they should had more Demo exploration beforehand. Get useful strategies tested before going live.

Example: I decided to postpone opening live trading account since Brokers unable to provide navigation coaching for their platform (no chart). Leverage at 1:100 means any lost = lost X 100 times. 1% loss X 100 = 100% loss. Many opportunities available. So 100% X numerous = 100N (N=numerous). Assuming 50K per trade/tile. At 200 tiles per session = -0.01% X 50K X 20 = 100K per day loss

[Sabbie]

I like to believe you are not kidding. I believe they should had more Demo exploration beforehand. Get useful strategies tested before going live.

Example: I decided to postpone opening live trading account since Brokers unable to provide navigation coaching for their platform (no chart). Leverage at 1:100 means any lost = lost X 100 times. 1% loss X 100 = 100% loss. Many opportunities available. So 100% X numerous = 100N (N=numerous). Assuming 50K per trade/tile. At 200 tiles per session = -0.01% X 50K X 20 = 100K per day loss

 

I know alot of things I say are unbelievable but it doesn't mean it's not true....some people trade 1 million a day, say you take loss at 1%, that's $10K leow...after a week, 50K....and it get deeper and deeper....then knock on frens' door to borrow money....similar to nick leeson but on a smaller scale

[Good-Carbuyer]

I know alot of things I say are unbelievable but it doesn't mean it's not true....some people trade 1 million a day, say you take loss at 1%, that's $10K leow...after a week, 50K....and it get deeper and deeper....then knock on frens' door to borrow money....similar to nick leeson but on a smaller scale

So sorry, I mean the finger can move 10 million each time, and many times in a day (more than nick lesson)

[Good-Carbuyer]

Which company you prefer to use?

 

1. DBSfx

2. Kim Eng

3. Oanda

4. IG Markets

 

Which offer the LOWEST spread?

I beleive DBSEFX closed already. Oanda seems to be lowest spread among these four for most currencies. But we should be more interested in profit-taking than the spreads. I meand some platforms got lesser opportunities for us than others.

 

[Stevenmith]

I think oanda seems to be lowest spread among these four for most currencies.

[Little_prince]

wah. why this thread all the posters banned?

[Wyfitms]

dun dabble in forex.. wait u kanna banned!

[Icedbs]

anyone here does automated forex trading using MT4?

 

Hope to share more info on automated trading.

[Throttle2]

anyone here does automated forex trading using MT4?

 

Hope to share more info on automated trading.

Mai lah.

[Albeniz]

Is income/profit from FOREX trading taxable?

[Throttle2]

Is income/profit from FOREX trading taxable?

If you are deemed to be trading FX for a living and as a professional, than profits can be deemed as income and be taxable....

[Albeniz]

If you are deemed to be trading FX for a living and as a professional, than profits can be deemed as income and be taxable....

Thanks for the info.

 

Is there any criteria before one is deemed as "professional" (and hence taxable)?

[Throttle2]

Thanks for the info.

 

Is there any criteria before one is deemed as "professional" (and hence taxable)?

It’s gray as usual....

[Kusje]

Mai lah.

 

whats automated trading?

[Throttle2]

whats automated trading?

Trading done by software base on algorithms lor....

[Aaronlkl]

anyone here does automated forex trading using MT4?

 

Hope to share more info on automated trading.

 

I wanna know too! can anyone kindly share?

[Aaronlkl]

Hello... Nobody play forex here? Whats the diff btw mt4 and mt5? Where and how to open one of these acct? Anyone, kindly advise.

[Aaronlkl]

Any one uses this platform to trade?

www.gwitmarkets.com

 

To open a new account, requires an IB Code. Whats that sh**?

Edited July 18, 2018 by Aaronlkl