hey guys,i m confused
http://www.forexfactory.com/forumdisplay.php?f=74
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #69,221
- Mar 17, 2008 8:33pm Mar 17, 2008 8:33pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #69,222
- Mar 17, 2008 8:34pm Mar 17, 2008 8:34pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
hey guys,i m confused
i have open a live account but i have lost all my money and i am confused about what a professional person told me today he is working for PLATTS (platts.com) that it is the only way were u get the real data on currencies and much more.
and he told me:
when u open an account with a broker,what make u sure that he is buying what u want i mean were is the proof like when u buy eurusd what make u think that he is buying for u eurusd, and maybe he is playing with the price to make u win or loose like in the DEMO account, or he is giving u the wrong price,and about the 1:100 leverage he says that it is a lie and no one will give u 10,000$ in the market for 100$ in real account.
i have a new strategy and it is working great in the demo so i m thinking to open a new live account but i m confused after what i have heard i lost confidence in my broker and i dont know what to do.i will appreciate if someone can help by telling me how brokers company works.
thanks.
hi leb kifak nchalla mni7
there is many broker who can offer a nice price and u can trust them
u have avafx , fxcm , forex.com , amd , many so if u want i can give u many site on pm
- #69,223
- Mar 17, 2008 8:37pm Mar 17, 2008 8:37pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
- #69,224
- Mar 17, 2008 8:37pm Mar 17, 2008 8:37pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Hey Aus, good to hear from you again
I don't know..never have a chance to show it to everybody and FF already changes the policy. Thanks to friends who voted for me too, appreciate it.
Anyway, that don't matter, the matter is green pips.
Hope you can join us again here. I know you already have other business to take care of, but that's ok, it can be multi-tasking .. hehehe.
Did u ever got to Bali last time?
Hope you are doing well.
- #69,227
- Mar 17, 2008 8:39pm Mar 17, 2008 8:39pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
warta merci ktir ana mamnounak.
i am waiting ur pm.
where r u from btw.
- #69,229
- Mar 17, 2008 8:42pm Mar 17, 2008 8:42pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Thanks MKT, Yes it was a great holiday with the family . The only problem is there internet service is dead slow.
Hope you are doing well.
I am doing fine, thank you. This forex business is getting me nerd sometimes, I hope I can start consistently gain pips from now on like you
- #69,230
- Mar 17, 2008 8:45pm Mar 17, 2008 8:45pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
ahla fik
well check ur pm bro
- #69,231
- Mar 17, 2008 8:51pm Mar 17, 2008 8:51pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
again retrace 
- #69,233
- Mar 17, 2008 8:54pm Mar 17, 2008 8:54pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
- #69,234
- Mar 17, 2008 8:55pm Mar 17, 2008 8:55pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
again retrace
lol
- #69,235
- Mar 17, 2008 8:57pm Mar 17, 2008 8:57pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
This is the beauty of scalping. Don't expect big pips and no retrace.. then it would be called rally
lol
lool i know bro but hope it will not turn the price north lool
as i hate red color
:
- #69,236
- Edited 9:06pm Mar 17, 2008 9:05pm | Edited 9:06pm
I believe the "expected" rate cut of 75 bp is factored in. Any surprises in the amount of the cut will shake the markets quite a bit.
First the 75bp-100bp cut, then BOJ intervention (on retrace) combined with this:
http://online.wsj.com/article/SB1205...googlenews_wsj
The fun is just about to begin.
"Everybody needs money. That's why they call it money" - Danny De Vito
- #69,237
- Mar 17, 2008 9:12pm Mar 17, 2008 9:12pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
lool i know bro but hope it will not turn the price north lool
as i hate red color
where is the end
- #69,238
- Edited 9:28pm Mar 17, 2008 9:14pm | Edited 9:28pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Yeah, some hotels have broadband but bandwidth is limited I guess. Good to hear you had a great vacation.
I am doing fine, thank you. This forex business is getting me nerd sometimes, I hope I can start consistently gain pips from now on like you
Most people loose cause they dont follow the fundementals of trading.
You will be surprise how easy it is to make money from forex. Predicting the correct direction of a move and winning a trade is only 10% of trading. It's all about sticking to the basics. Everytime when you enter a trade you must have minimum 1:2 risk to reward Ratio. Thats why scalping do not work. You must never risk more than 5% of your account on your open trades. you can be wrong 50% of the time. But you still make money when you get your basics right.
I know it's easy to say do this do that and you will be fine.
Here's the Proof.
Over +200% profits in 6 weeks with LESS than 60% winning trades.
http://docs.google.com/Doc?id=d6gqsg8_7fbqfnrdw
- #69,239
- Mar 17, 2008 9:30pm Mar 17, 2008 9:30pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
keep doing what you are doing bro..As far as I can remember , You have survived in this game for the last 8 months... I'm sure now you are on the next level. You will get there.
Most people loose cause they dont follow the fundementals of trading.
You will be surprise how east it is to make money from forex. Predicting the correct direction of a move and winning a trade is only 10% of trading. It's all about sticking to the basics. Everytime when you enter a trade you must have minimum 1:2 risk to reward Ratio. Thats why scalping do not work. You must never risk more than 5% of your account on your open trades. you can be wrong 50% of the time. But you still make money when your get you basics right.
I know it's easy to say do this do that and you will be fine.
Here's the Proof.
Over +200% profits in 6 weeks with LESS than 60% winning trades.
http://docs.google.com/Doc?id=d6gqsg8_7fbqfnrdw
Totally agree.
As before, I have made more pips but still ended up lose because of no good MM. This was my problem and still is. I am really practicing it now.
Strange though, lately I have more confidence in scalping than going for big rally. I don't have patience for that
But now, doing scalping with good MM. Hopefully can get me to the level I want. I may pay attention to your "basics" at some point. Thanks for your kindly words.
Keep up the good works bro
- #69,240
- Mar 17, 2008 9:31pm Mar 17, 2008 9:31pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts