Investment

• eagle

  7 May 10, 22:21

  Originally posted by Fryderyk HPH:

  The saying ah...

   

  "money no enuff"
  Very true leh.

   

  He still working, and still fit mah, so why stop working?
  But the thing is that I seldom see him doing anything besides Forex at home... That was why my entire family was shocked.

   

  Non-farm payroll in US is squeezing up productivity. Unemployment at 9.7%.
  Guess the USD$ is back on an uptrend. The question is, how long will it last.

  He has the choice to stop working mah.

  In the very long run, forex is a zero sum game, and a small time forex trader is just attempting to beat the market maker at his/her game. Not only that, zilch is contributed to the economy, which is akin to earning consistently from the casino. That's why I won't go into forex

• Fryderyk HPH

  7 May 10, 22:25

  walao dun say like dat leh...

   

  make us look like gamblers

• As romanista2001

  8 May 10, 15:27

  sway ah............i miss my eur/usd buy by 15 pips ..................didn't drop as low as i thought...............i was aiming at 1.25...............

  anyway, if price go back down there again, it can't be good news...................i think can buy more heavily if it goes to around 1.18.................

• Fryderyk HPH

  8 May 10, 16:30

  Walao yesterday Dow got freak incident...
  Today 1a.m should have gone on platform.

   

  Fark I slept ccb~...

• eagle

  9 May 10, 17:49

  Originally posted by Fryderyk HPH:

  walao dun say like dat leh...

   

  make us look like gamblers

  no no no

  traders

• Fryderyk HPH

  9 May 10, 20:45

  Originally posted by eagle:

  no no no

  traders

  

   

  Ok ok. Now I have to wake up at 4a.m in the morning. Have to prepare for a crazy day ahead.

   

  I seriously dunnoe which position to take. Is that Dow freak incident a sign of things to come? Short on the USD instead? Currently what I'm going to do now(as in tomorrow morning), is that I'm going to short heavily on the €URO... I hope I'm right.

• eagle

  9 May 10, 21:31

  I don't have that much time to trade, but I've prepared some funds over the last 2 months, ready to strike at undervalue equities again.

   

  Then again, I was wondering if I should go for an oil etf as well. Oil price has fallen by quite a bit. And then again, I dunno if I really have the time to monitor as I really have that many things to do :x

  5 yrs to 32 yrs old... not sure if I can achieve what I set out to achieve by then....  :(

• Fryderyk HPH

  9 May 10, 21:39

  whoa.

  ur portfolio will be huge if so.

   

   

  Forex alone is driving me nuts. Because I also have to worry about stocks in Europe and United States as they affect their currency a lot.

• eagle

  9 May 10, 21:53

  Now not very huge, but dividends sufficient to cover most of my basic expenses.

   

• Fryderyk HPH

  9 May 10, 22:37

  Originally posted by eagle:

  Now not very huge, but dividends sufficient to cover most of my basic expenses.

   

  lucky u

   

   

  Forex is taking its toll on my health(and my family's). Can really start seeing my parents hair turn grey, and even I(still young hor) fall sick very often.

   

  Sometimes I really question myself. Is all this money-making... Necessary?

• Rooney9

  9 May 10, 22:41

  Originally posted by Fryderyk HPH:

  lucky u

   

   

  Forex is taking its toll on my health(and my family's). Can really start seeing my parents hair turn grey, and even I(still young hor) fall sick very often.

   

  Sometimes I really question myself. Is all this money-making... Necessary?

  
  forex is very high risk, win a lot but also can lose a lot. at this moment, I suggest you short Euro, USD, pounds.

• Fryderyk HPH

  9 May 10, 22:43

  Originally posted by Rooney9:

  
  forex is very high risk, win a lot but also can lose a lot. at this moment, I suggest you short Euro, USD, pounds.

  LOL!

   

  But seriously. How do you short €uro, and US$ at the same time? Likewise how you short the GBPound with the US$? The currencies go in tandem leh. Forex is buy one, sell one. How to sell both?

• Rooney9

  9 May 10, 22:46

  Originally posted by Fryderyk HPH:

  LOL!

   

  But seriously. How do you short €uro, and US$ at the same time? Likewise how you short the GBPound with the US$? The currencies go in tandem leh. Forex is buy one, sell one. How to sell both?

  I mean pair them with other currencies like SGD lar. where you open your account one? high margin or not?

• eagle

  9 May 10, 22:46

  Originally posted by Fryderyk HPH:

  lucky u

   

   

  Forex is taking its toll on my health(and my family's). Can really start seeing my parents hair turn grey, and even I(still young hor) fall sick very often.

   

  Sometimes I really question myself. Is all this money-making... Necessary?

  I don't know how it will affect you because I don't play forex.

   

  Basically, I don't find any stress in my work or my portfolio. In fact, I'm enjoying myself :)
  Who says one cannot enjoy and play, yet still make $? I don't seek for promotion nor chiong till very late at work. I do when I have to, and enjoy using my analytical mind on those issues.

  I'm still on my goal to earn $30k per month eventually, yet still enjoy myself and not take on much additional stress  :)

   

• Rooney9

  9 May 10, 22:50

  now shares dropped so much, time to go in to buy. but it will continue to drop, dun buy first. watch the market movement first. stay at sidelines and see price movements.

• eagle

  9 May 10, 22:53

  Originally posted by Rooney9:

  now shares dropped so much, time to go in to buy. but it will continue to drop, dun buy first. watch the market movement first. stay at sidelines and see price movements.

  Want to go in and buy, you also need to have the funds.

  I'm currently only 7% cash, but this cash level will slowly increase and my dividends and salaries start to filter in.

• ~PEPPER~

  9 May 10, 22:54

  Forex is leveraged trading, risk big of coz.

• Rooney9

  9 May 10, 22:55

  Originally posted by eagle:

  Want to go in and buy, you also need to have the funds.

  I'm currently only 7% cash, but this cash level will slowly increase and my dividends and salaries start to filter in.

  u say u got dividends every month. else borrow from your family, say you will repay them, wont owe them one.

• Fryderyk HPH

  9 May 10, 22:56

  Originally posted by Rooney9:

  I mean pair them with other currencies like SGD lar. where you open your account one? high margin or not?

  no one pairs USD$ with SGD lah.
  Me only do the following...

   

   

  - EUR/USD
  - GBP/USD
  - AUD/USD
  - JPY/USD
  - EUR/GBP

   

  tat's it. open account? U mean trading platform isit? margin depends lorh.

• Rooney9

  9 May 10, 22:59

  Originally posted by Fryderyk HPH:

  no one pairs USD$ with SGD lah.
  Me only do the following...

   

   

  - EUR/USD
  - GBP/USD
  - AUD/USD
  - JPY/USD
  - EUR/GBP

   

  tat's it. open account? U mean trading platform isit? margin depends lorh.

  how to trade in forex? never trade before, but I am interested. minimum to trade is it 5k? heard that it is traded in bands isnt it.

• Fryderyk HPH

  9 May 10, 23:00

  Originally posted by eagle:

  I don't know how it will affect you because I don't play forex.

   

  Basically, I don't find any stress in my work or my portfolio. In fact, I'm enjoying myself :)
  Who says one cannot enjoy and play, yet still make $? I don't seek for promotion nor chiong till very late at work. I do when I have to, and enjoy using my analytical mind on those issues.

  I'm still on my goal to earn $30k per month eventually, yet still enjoy myself and not take on much additional stress  :)

   

  whoa! $30k per month is lotx leh.
  I make $300k per yr i happy happy alreadi...

   

  n i'm using my bro's trading platform btw.
  He not using it, so i use lorh. but he is ok wif it. anyway, the capital was mine.

   

  hope to hit my 1st big M when i hit 20(but quite unrealistic). maybe 25yrs old more realistic bah, not forgetting i have 2yrs for NS to do in two yrs time.

• eagle

  9 May 10, 23:05

  Originally posted by Fryderyk HPH:

  whoa! $30k per month is lotx leh.
  I make $300k per yr i happy happy alreadi...

   

  n i'm using my bro's trading platform btw.
  He not using it, so i use lorh. but he is ok wif it. anyway, the capital was mine.

   

  hope to hit my 1st big M when i hit 20(but quite unrealistic). maybe 25yrs old more realistic bah, not forgetting i have 2yrs for NS to do in two yrs time.

  wah u making 300k per yr through forex now?

  power!

• eagle

  9 May 10, 23:06

  Originally posted by Rooney9:

  u say u got dividends every month. else borrow from your family, say you will repay them, wont owe them one.

  they also want to buy stocks too

  But if equities drop to extremely low (if ever), I will go with DBS or OCBC share financing since I have a fair bit in blue chips, and leverage up 100% (max 200%) to buy.

• SpeedStar

  9 May 10, 23:08

  Originally posted by eagle:

  I don't know how it will affect you because I don't play forex.

   

  Basically, I don't find any stress in my work or my portfolio. In fact, I'm enjoying myself :)
  Who says one cannot enjoy and play, yet still make $? I don't seek for promotion nor chiong till very late at work. I do when I have to, and enjoy using my analytical mind on those issues.

  I'm still on my goal to earn $30k per month eventually, yet still enjoy myself and not take on much additional stress  :)

   

  yo, seldom see u post in cna, but I am very happy to see the real eagle back to post...that forum was like losing quality post when he was gone..haha

• Rooney9

  9 May 10, 23:08

  Originally posted by eagle:

  they also want to buy stocks too

  But if equities drop to extremely low (if ever), I will go with DBS or OCBC share financing since I have a fair bit in blue chips, and leverage up 100% (max 200%) to buy.

  try derivatives, forgot the term liao. costs a fraction of a share, but with a timeframe attached.