help : forex trading =)

[tequilashots]

good day UDM members ; just wondering, hav any of our members done international forex trading ? i've read all the articles on the internet, but i haven't seen one in action. I know it's risky , but when it's a calculated one with close monitoring, it's worth the shot.

 

[Bailey]

u shld ensure u finish all the necessary knowledge & all the technical indicator & lots more before u try, im playing FXCM

 

[tequilashots]

hmm ..

thanks for the tip ..

up to now, i've tried the demo version from northfinance.com

to tell u the truth, all those indicators .. are quite confusing ! it's quite understood, all those fancy jargons can really make me lost ..

i know those are basically prediction indicators , but likewise, i haven't seen a person done in action ..it'll be good to see one though .. sigh .

but i know it'll be good, and i'm still looking deeper to it .

 

[ICEman63]

Me too bro just stared playing..well it's fun when it move up..but it's sad when it start to drop down..my advice is if u have suplus c$$h why not..Give it a try YOU WILL NEVER KNOW..ha ha ha ha

 

[tequilashots]

reply ..

thanks again for the response..

actually i've been planning to start these on july. i guess if i just wait only, there's no real progress in getting information ..

it'll be great if there's a small community doing these things..

btw in general, what's the typical capital startup ? rm1k perhaps ?

 

[Bailey]

go for USD10k bro & go for it

 

[ICEman63]

1 k i can buy as many tequilashots u want heheheheh..bro start up wud be 10k usd..chiao

 

[Tohsan]

good day UDM members ;

just wondering, hav any of our members done international forex trading ? i've read all the articles on the internet, but i haven't seen one in action.


I know it's risky , but when it's a calculated one with close monitoring, it's worth the shot.

Is this thru bank or one of those illegal forex trading company which don't have any license issue by Security Commission of Malaysia?

 

[bmwky]

sorry to interrupt. if you need to ask such question in a public forum....then I believe you should not be into FOREX trading in the first place. You need to know what you are doing! not asking others. That's how many ppl got burned. Same thing for easy money scheme.

 

[ICEMAN 68]

i'm not doing forex as seems likely complicated and also need to pump out usd10k.... option trading is fine for me so far ...and yet learning ...

any here into option trading ...tequila..sorry ya me hijack a little bit of ya thread.

 

[Tohsan]

sorry to interrupt. if you need to ask such question in a public forum....then I believe you should not be into FOREX trading in the first place. You need to know what you are doing! not asking others. That's how many ppl got burned. Same thing for easy money scheme.

Of course i know what i am doing, the question is, are those fella that dabble in forex trading company (without license) know that it will go "kaput" overnight?

 

[izuaff]

i'm into option trading every night (us market). With bullish market now, easier to make money.

Learn from www.livefreely.com . Anybody else into option trading?

 

[tequilashots]

reply ..

sory if the threads sounds a bit misleading, but in my personal opinion, get-rich-quick schemes is a big no-no . no such thing as instant money , unless u score big in 4D .. hehehe..

i would prefer some sort of a venture in which is an active participation , rather than passive.

i've read also about options trading , most of it are traded thru the NYSE market .. an interesting venture, where by the risk is low but the concepts are rather difficult to understand...

 

[diane21]

Any attempt to trade without analysis and studying the market is equal to a game. Games are fun except when you lose real money... Allow at least 2 months for demo trading. It gives the bigger picture of market price movements and thus helps to clearly define the trend. Given below tips for forex formula. 1-Create a solid trading plan. 2-Stick to it. 3-Keep an eye on your trades. 4-Stay focused


latest business news

 

[kayzhen911]

with all due respects....
fx trading is illegal in Malaysia.
there are those member-get-member outfits.
STAY AWAY.
other than those, trades in Singapore is ok.
US.....err.....might come with some risks.
all these trades whether fx or options will have margin calls.
all my years of trading, u win some and lose more.
my 2 cts.

 

[wuzzles]

Just my 2 cents - Forex trading is like Share Market to a certain extend. You either be 'technicial' to know the market/global condition, supply demand, political environment etc. Else it's like 90% of the normal people playing the market. Hope to buy low, sell high. If the other way around, lose money. That to me is like how diane explained - playing a game.

Since forex trading works on 2 currency, the opportunity is almost always there. Either A Currency exchange rate > B Currency or other way around. You just got to ride the correct wave. And then you just shift back and forth when the condition move back and forth (or till you get bored).

Forex trading based on software / pattern trading is supposed to "dumb down" things but it comes with some associated risk. If you've been on one of the free "trial training" session that is usually in the news paper, it is not far off to that ya.

Like Richard Branson puts it... there is a difference between gambling and investment. Invester try to control the element, gambler just go for the ride and hope to hop off the right time.

BTW, I dabble into this and my advice is for awhile, you'll need more than the basic minumum start up cost to open the account. I would even say 50% play, 50% contigecy. Remember if you go into the game short (accidently), you either have to wait till it come up OR you buy more when it is cheap, average it out and hope the graph turns other way. If you decide to abort anytime before it turns, it's a sure fire way to lose money.

I have seen ppl make LOTS of money just by pattern recognition... but it's just not for me. Hope my 2cents help.