Forex Trader

[Freestylers09]

O one

 

so isit simi ECN or IB?

Edited October 20, 2010 by Freestylers09

[Good-Carbuyer]

Market makers love part timer w small acct...coz Bao Jiat!!.

 

 

Want to trade, start w at least 50k n trade std lot......of coz assuming u alreadi developed a good system n has a strong discipline n mm in place.

 

some serious brokers, will not let u open acct w less than 50k USD. Coz when u trade w them, they charge u commission, they simply pass ur order to match (so not bucket shop style)...but need at least 100k contract...means 1 pip usually is USD$10.

 

Ya...u also need tonnes of patience...sometimes u juz wait...like a sniper waiting for the prey (price) to come to u....once u r in, always look for factors tat say ur trade cld be wrong (NVR look for reasons to justify ur trade is rite)...if u can't find any...u r safe!

 

cheers,

I believe it is safer to trade with ECN Brokers than market-makers

In case money not enough, look for logical platform, not those where you are hoping to trade with the platform (not regulated by the market-makers)

Never greedy enough to attempt more than the maximum contract that can be handled (sometimes only a million is the maximum)

Do not be a time-keeper trader (may not be rewarding for the overtime)

[Good-Carbuyer]

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

Can share with us if you found any ECN Brokers around here with that starting capital?

If trading against market-makers, do be alert on the leverage applicable, maximum trade size applicable, besides those you usually found on books

[Good-Carbuyer]

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

Many thanks. I wish thats a thumb of rule for the world currencies

[Good-Carbuyer]

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

There was an article in the Sunday Times last month on this

[Good-Carbuyer]

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

I believe the USD has got more power to deflate your account than JPY

[Good-Carbuyer]

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

I believe to make it worst/more dangerous, the IB bring the newbies to the market-makers/sharks

[Good-Carbuyer]

i love AUD and CHF

I am lonely, only love profit(s)

[Observer]

Many thanks. I wish thats a thumb of rule for the world currencies

 

 

ahah its impossible to stay 24/7 so cut some slack in between is necessary if u do long term

[Observer]

O one

 

so isit simi ECN or IB?

 

Oanda? haah

[Observer]

Can share with us if you found any ECN Brokers around here with that starting capital?

If trading against market-makers, do be alert on the leverage applicable, maximum trade size applicable, besides those you usually found on books

 

I tend to go off-shore ones...less influenced by rulings

[Observer]

I believe the USD has got more power to deflate your account than JPY

 

I hope its that true! haha

[Observer]

I believe to make it worst/more dangerous, the IB bring the newbies to the market-makers/sharks

 

Agree wholeheartedly

[Jasonjst]

Any insights on the strength of USD and JPY? haha

 

Buy usd Sell yen ... should be bottoming out soon.

[Observer]

Buy usd Sell yen ... should be bottoming out soon.

 

Seems like no end to the strength of YEN till now darrn

[Icedbs]

Hi any forex trader here......

 

wanted to sign up a course for forex trading.....any advise

 

I am a forex trader. I do have a daytime job, but my nighttime trading job earns more than my day job.

 

What do you need to know?

 

As for signing up forex trading.....please don't waste your money. Keep that money as your capital instead.

 

 

[Perrier]

Buy usd Sell yen ... should be bottoming out soon.

 

waiting to buy at 80.90 but might enter at 81 too. else will sit on my hands.

 

now waiting for fibre to go back to 1.4050 or above then sell.

 

As for bottoming, its really a hard qn..

[Observer]

I am a forex trader. I do have a daytime job, but my nighttime trading job earns more than my day job.

 

What do you need to know?

 

As for signing up forex trading.....please don't waste your money. Keep that money as your capital instead.

 

i need to know what's ur opinion on the market now