S7rik3R Clutched May 12, 2011 Share May 12, 2011 Chart of EUR/USD (Bearish) European debt crisis is back again and in just a week it have already plunge 800pip. Looks like the stock market crash will comes in earlier than expected. And with idiot people like Raj Rajaratnam's messing the insider trading making the trading more vulnerable and risky. Cable and Aussie also looks very bad now. I think it's time to move out of Forex and shift to some other areas for profits. ↡ Advertisement Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 12, 2011 Share May 12, 2011 Good Omen? I am looking around for broker/platform to open Forex demo account? Link to post Share on other sites More sharing options...
Hoppie24 1st Gear May 12, 2011 Share May 12, 2011 What currency should i trade now? EUR/USD? or EURAUD? Link to post Share on other sites More sharing options...
S7rik3R Clutched May 12, 2011 Author Share May 12, 2011 Good Omen? I am looking around for broker/platform to open Forex demo account? Depends ... Do you knows to read charting? Or are you running your account using Expert Advisor? Cause there are many brokers around the world with very good spreads but negatively many brokers restrict Expert Advisor cause some EA are so pro that it can make atleast 2K/day on scalping EA. Mine own customise EA got blockoff in just 01week after that they discovered my profitable EA. Wasted my 02years effort in doing it. Link to post Share on other sites More sharing options...
S7rik3R Clutched May 12, 2011 Author Share May 12, 2011 What currency should i trade now? EUR/USD? or EURAUD? I would say EUR/USD is a "Dead Pair" to goes in now. Especially when Greece and Ireland in a very bad shape and unstable situation now. Lets wait and see tonight news release at 2030hrs and the critical one at 2200hrs where Ben Bernake speaks about Housing and Urban Affairs. Link to post Share on other sites More sharing options...
Xxxcobraxxx Neutral Newbie May 12, 2011 Share May 12, 2011 Good Omen? I am looking around for broker/platform to open Forex demo account? I have been using CMC markets. Spreads are low and quite fix other than news release timing. Have tried City Index (Dun like their trailing stops option) and AVA FX (Their sales officers speaking fluent caucasian english will call you at evening time ard 9pm which i dun like). Link to post Share on other sites More sharing options...
Hoppie24 1st Gear May 12, 2011 Share May 12, 2011 sorry i am new to forex, possible to guide me with Expert Advisor? i am with Cityindex now. Link to post Share on other sites More sharing options...
S7rik3R Clutched May 12, 2011 Author Share May 12, 2011 sorry i am new to forex, possible to guide me with Expert Advisor? i am with Cityindex now. I dun think CityIndex supports MT4 as they are running under their own platform. Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 12, 2011 Share May 12, 2011 Depends ... Do you knows to read charting? Or are you running your account using Expert Advisor? Cause there are many brokers around the world with very good spreads but negatively many brokers restrict Expert Advisor cause some EA are so pro that it can make atleast 2K/day on scalping EA. Mine own customise EA got blockoff in just 01week after that they discovered my profitable EA. Wasted my 02years effort in doing it. Just begineer who knows the doji can be start of reversal. Some candlesticks seem to be rather precise for entry/exit. Seems most of the local based brokers only offer platforms without market depth/liquidity for minimising slippages. I am not knowledegable about EA, although heard of it. Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 12, 2011 Share May 12, 2011 I have been using CMC markets. Spreads are low and quite fix other than news release timing. Have tried City Index (Dun like their trailing stops option) and AVA FX (Their sales officers speaking fluent caucasian english will call you at evening time ard 9pm which i dun like). Do you mean their trailing stop fail to stop or something else? I am suppose to meet up with City Index for opening demo account soon. Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 12, 2011 Share May 12, 2011 I dun think CityIndex supports MT4 as they are running under their own platform. Do you mean EA only works with MT4? I read a lot of complain against MT4, so MT5 was launched oversea? Link to post Share on other sites More sharing options...
Sunlight 1st Gear May 12, 2011 Share May 12, 2011 Depends ... Do you knows to read charting? Or are you running your account using Expert Advisor? Cause there are many brokers around the world with very good spreads but negatively many brokers restrict Expert Advisor cause some EA are so pro that it can make atleast 2K/day on scalping EA. Mine own customise EA got blockoff in just 01week after that they discovered my profitable EA. Wasted my 02years effort in doing it. are u using a local broker? dont think local brokers have MT4 Link to post Share on other sites More sharing options...
S7rik3R Clutched May 12, 2011 Author Share May 12, 2011 are u using a local broker? dont think local brokers have MT4 Nope I'm not using local brokers and I will never consider one due to future changes in regulations. I won't goes into precise as you all will face and sees it soon. I'm using AAAFX and Alpari as brokers. And many traders knows interbankfx and using them. But for my years of experience, I will not recommend it to traders. I won't goes into details on this broker. And as some have ask about Expert Advisor, it's a programme that does trading on behalf for u. 24/5 Depends on EA, most EA requires a big account for it to runs profits for u due to the SL. News almost out in 05minutes, I'll come back later. Link to post Share on other sites More sharing options...
Itsec 2nd Gear May 12, 2011 Share May 12, 2011 ignore the news as news are sentimental... get the fundamentals right... eur/usd drop due to signal broke LRC/MA... most impt is your mind.... u can have a good system but if u cant trade with a calm mentality... u also lose big.. starts with demo account till can get 30-50 consecutive wins on a single pair.. as each pair has its own 'characteristics' Link to post Share on other sites More sharing options...
Freestylers09 5th Gear May 12, 2011 Share May 12, 2011 u using turtle farm trading TA method? Link to post Share on other sites More sharing options...
Chemmie78 Clutched May 12, 2011 Share May 12, 2011 Chart of EUR/USD (Bearish) European debt crisis is back again and in just a week it have already plunge 800pip. Looks like the stock market crash will comes in earlier than expected. And with idiot people like Raj Rajaratnam's messing the insider trading making the trading more vulnerable and risky. Cable and Aussie also looks very bad now. I think it's time to move out of Forex and shift to some other areas for profits. i dun get you.since u say it's bad why don't u just short Link to post Share on other sites More sharing options...
S7rik3R Clutched May 12, 2011 Author Share May 12, 2011 (edited) i dun get you.since u say it's bad why don't u just short In the beginning when I started forex, i use to scalp alot. But current trading strategy I goes for long rather than short. My short sell is only for my subscribers that follows me. While my long is for my personal account which TP is at 100pip onwards. btw, I dun just trade on one pair so don't really have enough time to do a short for it. GBP/USD , EUR/USD , USD/CHF , USD/JPY , AUD/USD , USD/CAD and somemore that requires bigger capital to trade. Edited May 12, 2011 by S7rik3R Link to post Share on other sites More sharing options...
Chemmie78 Clutched May 12, 2011 Share May 12, 2011 In the beginning when I started forex, i use to scalp alot. But current trading strategy I goes for long rather than short. My short sell is only for my subscribers that follows me. While my long is for my personal account which TP is at 100pip onwards. btw, I dun just trade on one pair so don't really have enough time to do a short for it. GBP/USD , EUR/USD , USD/CHF , USD/JPY , AUD/USD , USD/CAD and somemore that requires bigger capital to trade. ic...generally long equities shld be better than longing forex... ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Malaysia Ringgit Exchange Rate
Malaysia Ringgit Exchange Rate
Forex Trading
Forex Trading
Caution: Forex 'seminar' on groupon
Caution: Forex 'seminar' on groupon
Questions You Should Ask Your Forex Broker
Questions You Should Ask Your Forex Broker
The beginning of the end to Fiat Currency?
The beginning of the end to Fiat Currency?
Need advise on recent FX on Swiss Franc
Need advise on recent FX on Swiss Franc
Forex Trading
Forex Trading