Forex Trader

[Observer]

Can I believe you are not kidding with us?

Only a handful lucky enough to make it. Most loose their pants. Almost all small capital starters do part-time to feed market-makers. If you got large capital, do you do other than full-time?

 

 

Haha I'm not..

 

I'm at the crossroad...

 

to get 100grand and start playing

 

or

 

get my butt off to work and get caught up in rat race

[Observer]

not a fx trader but i keep CAD, RMB, and MYR in case i am unplug from the matrix one of these days. these are the places i will escape to with my family.

 

good luck..with the singapore gvt expanding the range band, sgd should rise further..

 

how u keep them? through banks? fx platform? cold hard cash?

[Good-Carbuyer]

I m not sure which one u r referring to...but most forex traders know they r trading in the Wild Wild West...in the early years....things were even more havoc...they were ample bucket shops....shops tat hold on to ur orders n trade against u...u c they know ur limit n stop prices...so u r like playing poker w the opponent knowing wat cards u hold.....

 

is tat wat u r referring to?

 

the only way to prevent them from pulling a fast one is

1) keep ur stop loss at a reasonable distance from the market...however, if there is a good deal of stop loss queue there, there is no doubt the sharks will push the price to hit tat level, unless it is really far off n other factors such as commercial players.. Tat's why demo acct can easily win money but not real acct.

 

2) don't play w mini acct...like 1k, 10k contract....banks don't deal w tat size...try at least 100k contract....

 

3) don't overleverage yourself...so at the end of the day...u still have enuf bullets to last the war...

 

 

Doesn't matter which markets one trade...the truth is less than 10% make money out of it...means the other 90% feed money to this 10%...Cheers

I wish you good luck, if you do believe in those you mentioned to be adequate information (find out why most Introducing Brokers were sued and retired)

[Observer]

Awake 24/7? I believe you would not want to do so

 

 

there will not be high impact news all day night long

 

for exmaple..tonight 11.15pm onwards till 10am tmr will not have any high impact news anticipated

[Good-Carbuyer]

the sharks will wipeout the small players

Small players can only have budget to play with sharks (market-makers)?

[Good-Carbuyer]

true true...ever lost sleep on that

So your survival instinct saved you or what?

[Sabretan]

I wish you good luck, if you do believe in those you mentioned to be adequate information (find out why most Introducing Brokers were sued and retired)

 

Please share w me wat u think u know abt IB being sued...thanks

[Good-Carbuyer]

just be careful check if spreads and ECN or not. demos are fake. the real accounts are bucket shops operators. you play against the house.

no doubt proper risk management will help, over longer term, the house always wins.

It is almost near suicide approach playing against market-makers (almost like against yourself), if you do not have budget to go onto ECN Brokers

[Observer]

So your survival instinct saved you or what?

 

nah..hedging

[Good-Carbuyer]

Any insights on the strength of USD and JPY? haha

So sorry, you need to breath with your own lungs. Your friends having healthy/healthier heart-beats does not help much

[Yeshe]

Any insights on the strength of USD and JPY? haha

 

already trading close to history low, go long if u have holding power.

[Freestylers09]

Paiseh simi is ECN or IB etc?dun noe these terms in Forex coz i not a regular

 

i introduced to use a platform by a friend whom doing FT for past years..and used it for awhile..till now never use like mushroom growing..lol

 

 

[Observer]

Small players can only have budget to play with sharks (market-makers)?

 

to me, retail traders is like 95% there for the taking (in institutional's perspective)

 

retail traders, who begin by reading book etc, will have no proper knowledge of what they are in for

[Good-Carbuyer]

not a fx trader but i keep CAD, RMB, and MYR in case i am unplug from the matrix one of these days. these are the places i will escape to with my family.

I would rather you keep AUD instead of CAD. The other two look fine to me

[Observer]

already trading close to history low, go long if u have holding power.

 

hmm im just waiting for QE from both the countries

[Freestylers09]

theres similarity between pple who lost big one..

 

however there's similarity between pple who won big too

 

same in every aspect..not only trading..LOL

 

 

[Observer]

Paiseh simi is ECN or IB etc?dun noe these terms in Forex coz i not a regular

 

i introduced to use a platform by a friend whom doing FT for past years..and used it for awhile..till now never use like mushroom growing..lol

 

what platform u using may i ask?

[Observer]

I would rather you keep AUD instead of CAD. The other two look fine to me

 

i love AUD and CHF