Forex Trading - AsianBandar.Com Forums

PM BIN

16-Mar 2010 Tuesday 4:10 AM (5158 days ago)

*Diamond Member*

Posts: 2539
Liked By: 1006
Joined: 24 Jul 01
Followers: 15

Tipsters
Championship:
Player has
not started

quote originally posted by fxtrdg:

Hi,

Is there anyone would like to share their Forex Trading experience over here?

In forex trading, 95% is loser, and left 5% is winner. So, were you classified yourself the group of 95%?

Do you believe in Forex trading for living, earn extra income, or become a millionaire?

I used to be in the group of 95% till i met my boss then i decided stop trading forex, but riding on the boat of 5%.

Personal advise, pls don't waste you hard earn money in Forex Trading if you have a small capital. All those called "Gurus" will never help you but paid for a lesson.
EA or auto robot will burn you account in long run or margin call.

Forex trading is opened for big guys to play.

Cheers

Fx has been part of my life, however when casino opens, i seldom trade. This game is HOLDING power, Is how much you can tahan the swing.Time to time, there is no fix rule of how to play this game.I always choose a support lvl or resistance lvl, put a 100 pips stop loss.However winings must be more than 100pips.It invole of major countries' economic, political situations, interest rates fluctuations. Sudden hike or cut rates without warnings, interventions etc.Sometimes very stressful,keep checking rates every 5, 10 mins. Is 24 hours, even late night i got to make phone calls to check high/low.There are many ppl who boom from fx vice versa bankrupt on fx.Fx is very addictive, those who win are the ones know how to cut loss. Thats my 2 cents opinion.Gd6

This message was edited by BIN on 16-Mar-2010 @ 4:14 AM

BIN
Good Luck & Cheerios

AsianBookie Tipsters Championship
Member of Team:
BNW
(Est. May 2019)
Team Ranked: #1 - Team Score (Top 50 Members): AB$ 103,477,187 Total Members: 1478

Like

gthian Find all Topics Started by gthian Find all Posts by gthian Follow / Unfollow PM gthian		16-Mar 2010 Tuesday 10:49 AM (5158 days ago)	#3
Active Member Posts: 191 Liked By: 14 Joined: 27 Dec 06 Tipsters Championship: Player has not started	I used to be a scalper, day trader. I check my trades every 10 mins, staring at computer table every minuets. Now for me that is very stupid, even though you can make money by staring at charts every hour, it is not worth it. I turn to be a position trader/trend trader nowadays trading daily chart. Stress free and have total peace of mind while generating wealth slowly compounding my capital. Hopefully over the next 5 years I can get my first million. Treat forex trading as an amassing wealth journey but not day to day income producing trade. This will not last long. You don't need to be a forex expert or guru who knows all the charting techniques or appear in bloomberg cnbc discussing economic supply and demand to win in forex, those expert usually don't trade at all. Just be a streetwise forex trader by following the market trend. Trust my odd analysis
	0 Likes Like Unlike

fxtrdg Find all Topics Started by fxtrdg Find all Posts by fxtrdg Follow / Unfollow PM fxtrdg		16-Mar 2010 Tuesday 7:38 PM (5157 days ago)	#4
Junior Member Posts: 19 Joined: 14 Mar 10 Tipsters Championship: Player has not started	I believe there is no right or wrong trading method in Forex, mainly depend on your trading style. But the most killing is “Emotional” trading, the more we sat in front of the computer for doing analysis, charting, reading news etc. Indeed, these really tiring in long run. Somehow, if the trend is against your direction, make us loss control sometimes. After years of trading, I gave up on Forex, and I know not everyone suit for Forex trading. Mostly, the market is controlled or speculated by the big syndicate. As for my boss, a Contractual Private & Institutional Foreign Exchange Trader since 1995, and he is not recommended to put stop loss as long you know the direction and within a tolerance risk exposure. If you notice that sometime the market shoots up/down for 10-30 pips or more without any particular news then you know what I mean. Also, he is unlikely to put TP for 100 pips or more, 10-30 pips is considered a fruitful day for them. They are more likely invested in a quantum base. Person stupid like me, I would rather let my boss trade for me. So I can stay away from all the hassle. In his hand, he made a lot of millionair globally. Hopefully I don’t need 5 years to get my first million… hehe
	0 Likes Like Unlike

gthian Find all Topics Started by gthian Find all Posts by gthian Follow / Unfollow PM gthian		16-Mar 2010 Tuesday 11:31 PM (5157 days ago)	#5
Active Member Posts: 191 Liked By: 14 Joined: 27 Dec 06 Tipsters Championship: Player has not started	I agree with your money manager by not putting SL because I did not put SL as well. I have a good friend, he is way older than me who used to work in 2 big broker firm, he did told me how the brokers manipulate price, there is no surprise if you see a sudden spike of 100pips. With a press button on their system, brokers can see majority SL level, it is not hard for them to spike the SL and they make they money. Besides ECN brokers, all brokers are market makers, they take your position. As a trader myself, I prefer to trade by myself. I don't like people managed for me because I believe one day you will need to be independent trader. What if one day your boss die? Can you continue to win money? I suggest you learn as much as you can from your boss now, LOL. For me 5 years is realistic because I did not put in a lot of money as starting capital. I wish I have extra money too but too bad It is all depend on your lot size and capital strength. Trust my odd analysis
	0 Likes Like Unlike

fxtrdg Find all Topics Started by fxtrdg Find all Posts by fxtrdg Follow / Unfollow PM fxtrdg		17-Mar 2010 Wednesday 5:54 PM (5157 days ago)	#6
Junior Member Posts: 19 Joined: 14 Mar 10 Tipsters Championship: Player has not started	How soon can achieve the million is not so important as long as you can build a constant marginal income that is great. Of course I will learn up the trading skills from my boss but unfortunately I am not a fast learner, so it will take sometime for me to master it. Also, they are more relying on market news, and “Insider” news which is not supposed to disclose it. As such, it will be very risky for me to trade without the wind of the news. I guess you know what I mean. Most important is he provides capital guarantee to all his clients including myself. So it will be better for him to manage it for me cause risk free. Anyway, I am just a small fish to him, the account he managed mainly capital more than 1 million USD. Hopefully my account can grow fast....
	0 Likes Like Unlike

gthian

18-Mar 2010 Thursday 8:30 AM (5156 days ago)

Active Member

Posts: 191
Liked By: 14
Joined: 27 Dec 06

Tipsters
Championship:
Player has
not started

quote originally posted by fxtrdg:

How soon can achieve the million is not so important as long as you can build a constant marginal income that is great.

Of course I will learn up the trading skills from my boss but unfortunately I am not a fast learner, so it will take sometime for me to master it. Also, they are more relying on market news, and “Insider” news which is not supposed to disclose it. As such, it will be very risky for me to trade without the wind of the news. I guess you know what I mean.

Most important is he provides capital guarantee to all his clients including myself. So it will be better for him to manage it for me cause risk free. Anyway, I am just a small fish to him, the account he managed mainly capital more than 1 million USD. Hopefully my account can grow fast....

Insider news in forex market? Hmmmm, perhaps your boss can get insider news when the broker manipulating price. I don't depend on all this to trade, I don't have SL so the broker can't hit me, and I follow the market trend using daily chart so I hardly lost money. I call myself a sucker fish who stick on shark(broker) to survive.

Happy Trading bro

Trust my odd analysis

Like

fxtrdg

18-Mar 2010 Thursday 10:30 AM (5156 days ago)

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by gthian:

Exactly, maybe I can say he is the one who helping the big syndicate to manipulate the market price. That’s right and this proved that you are in the group of 5% but not everyone can do that. You are great!!

Like

gthian Find all Topics Started by gthian Find all Posts by gthian Follow / Unfollow PM gthian		19-Mar 2010 Friday 1:41 PM (5155 days ago)	#9
Active Member Posts: 191 Liked By: 14 Joined: 27 Dec 06 Tipsters Championship: Player has not started	Which country are you from? It is really hard to meet a person hired by broker/market makers to manipulate price. Trust my odd analysis
	0 Likes Like Unlike

fxtrdg

19-Mar 2010 Friday 3:58 PM (5155 days ago)

#10

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by gthian:

Which country are you from? It is really hard to meet a person hired by broker/market makers to manipulate price.

Im from Malaysia, and my boss from quantum group.

Like

republic Find all Topics Started by republic Find all Posts by republic Follow / Unfollow PM republic		25-Mar 2010 Thursday 2:09 AM (5149 days ago)	#11
Active Member Posts: 106 Joined: 22 Jul 09 Tipsters Championship: Player has not started	i hope forex can help me earn maybe 4 to 5k a month and i am from singapore any websites to learn more abt forex trading? Aim to make spools bankrupt
	0 Likes Like Unlike

fxtrdg Find all Topics Started by fxtrdg Find all Posts by fxtrdg Follow / Unfollow PM fxtrdg		25-Mar 2010 Thursday 10:35 AM (5149 days ago)	#12
Junior Member Posts: 19 Joined: 14 Mar 10 Tipsters Championship: Player has not started	For beginner's guide to forex trading - www.babypips.com To earn 4-5k a month is possible if you have capital 50k @ 10% But it might burn you hand one day if you wrongly make a decision. I don't dare to say I can make 10% a month cause I still belong to the group of 95% if I trade forex by myself. For my boss, 10% is almost guaranteed with his trading group. So, take you own risk. Good luck.
	0 Likes Like Unlike

Soccerviewer Find all Topics Started by Soccerviewer Find all Posts by Soccerviewer Follow / Unfollow PM Soccerviewer		25-Mar 2010 Thursday 11:53 PM (5148 days ago)	#13
Veteran Member Posts: 1196 Liked By: 55 Joined: 30 Oct 01 Tipsters Championship: Player has not started	Anyone can comment on views of Euro $? Is it still bearish for say, the next 6 months?
	0 Likes Like Unlike

republic Find all Topics Started by republic Find all Posts by republic Follow / Unfollow PM republic		26-Mar 2010 Friday 12:42 AM (5148 days ago)	#14
Active Member Posts: 106 Joined: 22 Jul 09 Tipsters Championship: Player has not started	how to join ur boss group you mean he just lists out for his team on what to buy and you all just follow? Aim to make spools bankrupt
	0 Likes Like Unlike

fxtrdg

26-Mar 2010 Friday 1:43 AM (5148 days ago)

#15

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by Soccerviewer:

Anyone can comment on views of Euro $? Is it still bearish for say, the next 6 months?

EURO seems continue bearish if the Greece issue remains unresolved...

Like

fxtrdg

26-Mar 2010 Friday 2:11 AM (5148 days ago)

#16

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by republic:

how to join ur boss group you mean
he just lists out for his team on what to buy and you all just follow?

He is managing funds for his Private & Institutional clients but mostly million dollar account,with profit & capital guaranteed. I am not sure whether he still accepts the account which is less than million dollar but you can try. It's not convenience to talk over here, you may write to me on my yahoo account fxtrdg. I can forward you queries to him.

TQ

Like

gthian Find all Topics Started by gthian Find all Posts by gthian Follow / Unfollow PM gthian		26-Mar 2010 Friday 10:31 AM (5148 days ago)	#17
Active Member Posts: 191 Liked By: 14 Joined: 27 Dec 06 Tipsters Championship: Player has not started	Is either you learn to trade by yourself, which is very hard, or you just get a money manager to manage the fund for you. But be extra careful when choosing money manager, return/reward that sounds too good to be true should be ignored. And also you have to bear the risk where the money manager take your cash and run away. You can learn but it will take at least 1 year for you to become a winner in forex trading. Trust my odd analysis
	0 Likes Like Unlike

gthian Find all Topics Started by gthian Find all Posts by gthian Follow / Unfollow PM gthian		26-Mar 2010 Friday 10:35 AM (5148 days ago)	#18
Active Member Posts: 191 Liked By: 14 Joined: 27 Dec 06 Tipsters Championship: Player has not started	Agreed, too bad I have already exited my EU short, really never expect it will go down again, but never mind, I am still holding EUR/NZD, holding 300 over pips now. Trust my odd analysis
	0 Likes Like Unlike

republic Find all Topics Started by republic Find all Posts by republic Follow / Unfollow PM republic		26-Mar 2010 Friday 10:37 AM (5148 days ago)	#19
Active Member Posts: 106 Joined: 22 Jul 09 Tipsters Championship: Player has not started	gambling also is not a solution neither is forex then what elseee? to achieve financial freedom? Aim to make spools bankrupt
	0 Likes Like Unlike

fxtrdg

26-Mar 2010 Friday 11:32 AM (5148 days ago)

#20

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by gthian:

Is either you learn to trade by yourself, which is very hard, or you just get a money manager to manage the fund for you. But be extra careful when choosing money manager, return/reward that sounds too good to be true should be ignored. And also you have to bear the risk where the money manager take your cash and run away.

You can learn but it will take at least 1 year for you to become a winner in forex trading.

Agreed with you, especially for "Pool" fund manager must be extra careful. It's purely base on Trust & Face value. However, my boss only managing fund for real account opened with dukascopy, and agreement sign on the LPOA. Fund manager has no right to deposit or withdraw the money on behalf of the account owner except trading (PAMM). Of coz, it is good if you learn to trade by yourself.

Like

GreatTeacherOnizuka Find all Topics Started by GreatTeacherOnizuka Find all Posts by GreatTeacherOnizuka Follow / Unfollow PM GreatTeacherOnizuka		26-Mar 2010 Friday 6:50 PM (5148 days ago)	#21
Active Member Posts: 136 Liked By: 21 Joined: 22 Sep 06 Tipsters Championship: Player has not started	Hi bros, even making quite abit of profit for the past 6 months, I still wouldn't dare to take out 50k and start FX. I still feel this kind of trading are more reserved for the big boys and their buying or selling power will provide a big impact. Maybe George Soros himself have a 'Facebook' kind of private network with the big boys to determine the market direction heh
	0 Likes Like Unlike

republic Find all Topics Started by republic Find all Posts by republic Follow / Unfollow PM republic		27-Mar 2010 Saturday 9:39 AM (5147 days ago)	#22
Active Member Posts: 106 Joined: 22 Jul 09 Tipsters Championship: Player has not started	u earning money from what? Aim to make spools bankrupt
	0 Likes Like Unlike

fxtrdg

Find all Topics Started by lordyap

27-Mar 2010 Saturday 11:04 AM (5147 days ago)

#23

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by GreatTeacherOnizuka:

Hi bros, even making quite abit of profit for the past 6 months, I still wouldn't dare to take out 50k and start FX. I still feel this kind of trading are more reserved for the big boys and their buying or selling power will provide a big impact. Maybe George Soros himself have a 'Facebook' kind of private network with the big boys to determine the market direction heh

if he willing to share. But normally people trade very well in demo when come to real account will be turned to a big loser.

Again, take you own risk.

Good luck.

Like

sleague_pro Find all Topics Started by sleague_pro Find all Posts by sleague_pro Follow / Unfollow PM sleague_pro		27-Mar 2010 Saturday 12:12 PM (5147 days ago)	#24
Senior Member Posts: 317 Joined: 02 Mar 09 Tipsters Championship: Player has not started	don't do forex trading......u will lose long term........just stick to stock market trust me.......u can still increase ur money value by 10times every 10 years by waiting for market to crash and buy in.......don't even think that forex can make u rich within few years...is impossible.....i rather u take the money and use on betting....much more predictable. DO NOT BET ON MATCHES THAT YOU ARE UNSURE OF. ONLY BET ON MATCHES THAT YOU ARE 100% CONFIDENT OF AND MAKE SURE THE ODDS IS AT LEAST 1.5 AND ABOVE. DO NOT BET ON GIVE BALL TEAM WIN. THIS IS BECAUSE IN EVERY GAME, THE GIVE BALL TEAM ALWAYS HAVE LOTS OF PEOPLE BETTING ON IT. SO WHEN U PREDICT A SIBEI ZHUN EAT BALL TEAM TO CLEAR, BET ON IT. THIS IS GUARANTEE ALMOST CLOSE TO 100% SUCCESS.
	0 Likes Like Unlike

lordyap

Find all Posts by lordyap

PM lordyap

27-Mar 2010 Saturday 6:08 PM (5147 days ago)

#25

Active Member

Posts: 123
Joined: 23 Jan 10

Tipsters
Championship:
Player has
not started

quote originally posted by fxtrdg:

In the sense, you are right. Anyway, retail trader also can make money in Forex but will be in the minority just like gthian. You may learn the basis from www.babypips.com, and open a demo account to trade for at least 6 mths. If you found yourself comfortable with the current trading method then stick to it, and don't be too complicated. Maybe you can learn from gthian if he willing to share. But normally people trade very well in demo when come to real account will be turned to a big los
Again, take you own risk.

Good luck.

What strategies your boss used?

"I think i am too sick of listening to this Gospel" 1/2-past-6

Like

fxtrdg

27-Mar 2010 Saturday 9:41 PM (5146 days ago)

#26

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by lordyap:

What strategies your boss used?

Normally, he trades based on fundamental, and market news. But most important is insider news when the big boys wanted to manipulate the market price for some of the reasons. I hope you get what i mean.

For example, if you know 110% EUR/USD going to spike up for 20 pips, what is the RE that you willing to put in you trade?? You calculate yourself. Will u still guessing or hunting for 100-400 pips @ 0.1 or 1??

Like

gthian

27-Mar 2010 Saturday 11:09 PM (5146 days ago)

#27

Active Member

Posts: 191
Liked By: 14
Joined: 27 Dec 06

Tipsters
Championship:
Player has
not started

quote originally posted by sleague_pro:

don't do forex trading......u will lose long term........just stick to stock market trust me.......u can still increase ur money value by 10times every 10 years by waiting for market to crash and buy in.......don't even think that forex can make u rich within few years...is impossible.....i rather u take the money and use on betting....much more predictable.

My view is totally opposite with yours. Don't trade stock market trust me, the market is easily manipulated. Buy and hold in stocks is an idiot method and will lost your pant.

Trust my odd analysis

Like

republic Find all Topics Started by republic Find all Posts by republic Follow / Unfollow PM republic		28-Mar 2010 Sunday 12:48 AM (5146 days ago)	#28
Active Member Posts: 106 Joined: 22 Jul 09 Tipsters Championship: Player has not started	s league pro want talk more abt the asian handicapped? Aim to make spools bankrupt
	0 Likes Like Unlike

fxtrdg

29-Mar 2010 Monday 4:44 PM (5145 days ago)

#29

Junior Member

Posts: 19
Joined: 14 Mar 10

Tipsters
Championship:
Player has
not started

quote originally posted by gthian:

My view is totally opposite with yours. Don't trade stock market trust me, the market is easily manipulated. Buy and hold in stocks is an idiot method and will lost your pant.

View is difference but method is the same buy low sell high or buy high sell higher..

Like

fxtrdg Find all Topics Started by fxtrdg Find all Posts by fxtrdg Follow / Unfollow PM fxtrdg		02-Apr 2010 Friday 2:36 AM (5141 days ago)	#30
Junior Member Posts: 19 Joined: 14 Mar 10 Tipsters Championship: Player has not started	Is there any view on Greece crisis? Will EU & IMF resolve Greece sub-prime issue or burden the country debt in long run?
	0 Likes Like Unlike

gthian

03-Apr 2010 Saturday 2:30 PM (5140 days ago)

#31

Active Member

Posts: 191
Liked By: 14
Joined: 27 Dec 06

Tipsters
Championship:
Player has
not started

quote originally posted by fxtrdg:

Is there any view on Greece crisis? Will EU & IMF resolve Greece sub-prime issue or burden the country debt in long run?

I am not a fundamentalist, so I don't know how to predict.

In technical analysis, a bullish divergence appear in daily chart, bear is losing steam.

But still, I do not predict the market, but just follow it in long run. I already closed my short position for eur/usd and made over 1000pips. Now in long position already, but if the market is ranging, I will cut small loss.

Trust my odd analysis

Like

gthian

Find all Topics Started by Underground boss

03-Apr 2010 Saturday 2:31 PM (5140 days ago)

#32

Active Member

Posts: 191
Liked By: 14
Joined: 27 Dec 06

Tipsters
Championship:
Player has
not started

quote originally posted by fxtrdg:

Is there any view on Greece crisis? Will EU & IMF resolve Greece sub-prime issue or burden the country debt in long run?

Trust my odd analysis

Like

sleague_pro Find all Topics Started by sleague_pro Find all Posts by sleague_pro Follow / Unfollow PM sleague_pro		04-Apr 2010 Sunday 11:59 AM (5139 days ago)	#33
Senior Member Posts: 317 Joined: 02 Mar 09 Tipsters Championship: Player has not started	your forex is even more easily manipulated........ stocks is the safest investment..... DO NOT BET ON MATCHES THAT YOU ARE UNSURE OF. ONLY BET ON MATCHES THAT YOU ARE 100% CONFIDENT OF AND MAKE SURE THE ODDS IS AT LEAST 1.5 AND ABOVE. DO NOT BET ON GIVE BALL TEAM WIN. THIS IS BECAUSE IN EVERY GAME, THE GIVE BALL TEAM ALWAYS HAVE LOTS OF PEOPLE BETTING ON IT. SO WHEN U PREDICT A SIBEI ZHUN EAT BALL TEAM TO CLEAR, BET ON IT. THIS IS GUARANTEE ALMOST CLOSE TO 100% SUCCESS.
	0 Likes Like Unlike

sleague_pro Find all Topics Started by sleague_pro Find all Posts by sleague_pro Follow / Unfollow PM sleague_pro		04-Apr 2010 Sunday 12:16 PM (5139 days ago)	#34
Senior Member Posts: 317 Joined: 02 Mar 09 Tipsters Championship: Player has not started	i have a good forex system for 15minutes charts..........could profit 30pips average for 22 days (which is one month)....that's about 660pips a month.....but i still wouldn't dare try forex........as u say, it is manipulated, they might just spike and make u lose....... my system requires me to place stop loss ( usually about 15-30pips stop loss), My aim is to find a perfect entry in that day, place my stop loss and my take profit, and just off my computer. My take profit have to be 2 times more between my entry and stop loss plus the spread. I been trying on demo for past 4 months already.....so far the results were above 85% success. This set and forget system is probably the best. But still i have no guts to try it in live..... I need someone with good opinions to tell me. DO NOT BET ON MATCHES THAT YOU ARE UNSURE OF. ONLY BET ON MATCHES THAT YOU ARE 100% CONFIDENT OF AND MAKE SURE THE ODDS IS AT LEAST 1.5 AND ABOVE. DO NOT BET ON GIVE BALL TEAM WIN. THIS IS BECAUSE IN EVERY GAME, THE GIVE BALL TEAM ALWAYS HAVE LOTS OF PEOPLE BETTING ON IT. SO WHEN U PREDICT A SIBEI ZHUN EAT BALL TEAM TO CLEAR, BET ON IT. THIS IS GUARANTEE ALMOST CLOSE TO 100% SUCCESS.
	0 Likes Like Unlike

fxtrdg Find all Topics Started by fxtrdg Find all Posts by fxtrdg Follow / Unfollow PM fxtrdg		23-Apr 2010 Friday 11:26 PM (5119 days ago)	#35
Junior Member Posts: 19 Joined: 14 Mar 10 Tipsters Championship: Player has not started	Is Euro back after G20 meeting?
	0 Likes Like Unlike

Underground boss

Find all Posts by Underground boss