Where to learn to trade??
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can you tell me where can i learn to trade forex?
im so confused..
i look at some website it look good but so expensive..
can anyone help me?
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forex not easy, don't get burnt.
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O.o is it?
looks like u know a lot.. :)
can you share something for noob like me boss? :p
thanks
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Beta u still there?
Anyone online now? :p
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Why wasted your money on expensive course trading manually when nowadays there are forex software that can help you to trade automatically ? I heard that one of the few kind of software called Pips Conqueror seem to work out fine when I attended their talk before.
This software is developed by the company name Investology Pte Ltd and it founders are Sam Se and David Gan. If you attend their talk, you will see that how their software might work (they use "colour-dot" indicator that people usually use to test if your eyesight are colour blind or not for trading instead of usual tools like MACD or Scholastic Oscillator, red dot to avoid trade, blue to enter etc) and if you enter "silly" trade, the software will not execute and make loss for you and it is better than trade manually from these so-call course and you don't get to see the result.Link : www.forex-investology.com
Anyway I am not advertised for them, I just feel that I trust this kind of technology more than so called guru.Who know? Maybe some banks might be using these kind of technology to trade and we might not know about it.
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FOREX is leveraged trading very risky. But I know some people managed to make a living trading forex.
But most traders lose money only a few managed to earn money.
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Originally posted by M the name:
Why wasted your money on expensive course trading manually when nowadays there are forex software that can help you to trade automatically ? I heard that one of the few kind of software called Pips Conqueror seem to work out fine when I attended their talk before.
This software is developed by the company name Investology Pte Ltd and it founders are Sam Se and David Gan. If you attend their talk, you will see that how their software might work (they use "colour-dot" indicator that people usually use to test if your eyesight are colour blind or not for trading instead of usual tools like MACD or Scholastic Oscillator, red dot to avoid trade, blue to enter etc) and if you enter "silly" trade, the software will not execute and make loss for you and it is better than trade manually from these so-call course and you don't get to see the result.Link : www.forex-investology.com
Anyway I am not advertised for them, I just feel that I trust this kind of technology more than so called guru.Who know? Maybe some banks might be using these kind of technology to trade and we might not know about it.
indicators are always lagging and based on history................follow them blindly at your own peril...........
go to forexfactory.com forum for tons and tons of info and FREE strategies................
end of the day, countless hours must be spent on watching price charts to see ''patterns''................
forget about all those systems and indicators that people are selling................they won't work for the long term if they can work at all............
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Originally posted by Asromanista2001:
indicators are always lagging and based on history................follow them blindly at your own peril...........
go to forexfactory.com forum for tons and tons of info and FREE strategies................
end of the day, countless hours must be spent on watching price charts to see ''patterns''................
forget about all those systems and indicators that people are selling................they won't work for the long term if they can work at all............
If it's so easy to trade forex quit ur job and start trading.Only a few of FOREX traders actually earn money.
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like gambling �赌�输
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Originally posted by 105090:
like gambling �赌�输
Yah lor. -
I don't think CASE or any government bodies would allow any of the forex Automatic Trading platform company to do business if they are fake and they even claim that Wall Street Traders use it. I just found that nowsdays company are selling this kind of automatic service more than teaching trading courses recently and only time will tell if it work.Do share if anyone have use it. Another software company link : http://register.effective-trader.com
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I learned for free here. Don't sign up right away. Just go to the education part and do all 32 lessons first. It's great. I've been a member for about 16 months and I spent a total of maybe $320 in total and now average 160 to 270 pips a week. www.forexearlywarning.com
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enough of all these bullshit buy/sell signals and robot trading................
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Robots will never work... it will just suck ur money dry...
i can pm you my mentor's blog if you would like
he post his live results and signals for some of the pairs you can look if you are interested...
basically its trend trading
i currently hold about 12 pairs and holding about 2300+ pips
i oni joined quite recently so i missed a big trend...namely the usd/chf... u can see on his blog my mentor is holding more than 2700+ pips on just 5 pairs...
the results is actually quite awesome so far...
actually its not that u cannot make money from forex... i think you just need the correct mindset... anyway i just trade less than 10 mins a day using this method and there is no reason why i shouldn't work =D
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Originally posted by Vitto84:
Robots will never work... it will just suck ur money dry...
i can pm you my mentor's blog if you would like
he post his live results and signals for some of the pairs you can look if you are interested...
basically its trend trading
i currently hold about 12 pairs and holding about 2300+ pips
i oni joined quite recently so i missed a big trend...namely the usd/chf... u can see on his blog my mentor is holding more than 2700+ pips on just 5 pairs...
the results is actually quite awesome so far...
actually its not that u cannot make money from forex... i think you just need the correct mindset... anyway i just trade less than 10 mins a day using this method and there is no reason why i shouldn't work =D
enough of your horse crap lah...............
trade less than 10 min a day means you're a scalper and you dare to bull dung about holding for 2700 + pip profit...................
let me guess..........your mentor is M Kishore ?????
otherwise, known as the biggest bullshitter in the forex scamming industry ?
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Originally posted by Asromanista2001:
indicators are always lagging and based on history................follow them blindly at your own peril...........
go to forexfactory.com forum for tons and tons of info and FREE strategies................
end of the day, countless hours must be spent on watching price charts to see ''patterns''................
forget about all those systems and indicators that people are selling................they won't work for the long term if they can work at all............
forexfactory really not bad,ts should go there and take a look..... :)
got people posting their journals there , entry points and exit points
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forexfactory is probably one of the best forums around...............
try to avoid any strategies involving indicators...............just like those commercial courses in the papers..........they'll show you charts when indicators ''seem'' to work...........
look out for James16 thread...........
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nope ur r wrong.
i am a trend trader.
i only look at my positions once a day and hold them for as long as required
and not i dun follow kishore who constantly updates his system =)
these are my live result from 23 sep to 4 oct 2010
closed off gpb/jpy for -96 pips on 1 oct
i know alot of ppl who have been burnt by bad courses
me included but don't lose faith that a properly executed system can still make u a decent sum of money.
we don't rely on blackbox system and neither do we use tons and tons of indicators to confuse one and another
and the fact of the matter is that you will realise as i have that systems are just a small part of a trading strategy and there are more important aspects of trading required for success.
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so you're advertising for who ?
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not advertising per se
just letting ppl know that
yes there are gurus out there who conduct courses to make money off u
but still there are a small and genuine group of traders who teach for something more than just money
when u attend a course u must know how to make a difference between the "gurus" and actual traders who conducting it
but you can make money off the forex market. if u're properly trained.
i am not talking about technical analysis, but deeper stuff u seldom find covered such as money management etc.
if u want free signals or interested to know abt how we trade can pm me i can give u my mentor's blog
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aiyah PM me lah.................
you say you only use 10 mins a day and then holding over 2000 pips of profit......
that's impossible unless your so lucky to be there at the right time all in a 10min window...........it's like winning a lottery.
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like i said.
i am a trend trader.
i only open to see my positions 10 mins a day. i just check to see if my positions need to be closed or reversed.
i hold my positions for as long as the trend brings me.
i was up to 4300 pips yesterday morning
you can look at my mentor's blog he has been recording 5 major pairs for almost 2 years now. he records every profit and loss that occurs
its great to be skeptical but still try to have an open mind. its not impossible to make money in the forex market.
but its take more than just a system to achieve consistent results. its not about gambling. we don't day trade and we don't gamble. we have a specific system and set of rules we follow. we don't gamble on probabilities by using technical analysis.
do we lose money? yes of course we do. we don't have 100% winning ratio in fact on some pairs its less than 50% but the amount we make when its profitable is more than enough to cover our losses with profit.
most 'gurus' show you tons of past results. how many can actually take up a challenge and show u results from present till 3 months or even 2 years ago.
if you're interested and open to such an idea then pm me. there are a lot of different ways to trade the market but if you are looking to know the 7 secrets of forex trading or the holy grail, i am sorry but we cannot offer you this.
but we do know what a trader needs to be profitable and its beyond just technical tools and indicators.
if you don't believe it. follow my mentor's blog. follow it for 2 years, 5 years or even 10 years. see the results for yourself until you are satisfied.
there is no rush to come to a conclusion. the market will always be there and the opportunity to make money will always be there.
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Fx trading is not solely base on Charting (intra-day, daily or weekly) intervals.
Hence Technical indicators come into your assistance like the MA (moving averages), MACD, Stochastic Oscillators, RSI, etc. Other technical knowledges like Elliot Waves, fibonacci calculations are advantages to your trends positions.
Plotting charts manually are also an add-on knowledge as you can have the feels of the market's sentiment. Well, in the early 90s, there are hardly any charting providers.
Now, you have many charting providers to choose from, hence saving your precious time plotting charts.
Knowing the technical aspects are only half a battle won. As most currencies are against the US Greenback, hence the US economic indicators comes into picture.
The Fundamental Indicators - and alot of them (approx 150)
. The major ones are Employment situations (1st Friday of the month), the CPI, PPI, retail sales etc. The FOMC meetings (deciding the interest rates and bias) are top in the list of market movers. Your strategy trading plans on entry points, cutting losses with lots of self-discipline. Probably using dervatives futures to hedge positions.
FX trading are not for everyone. Definitely harder for investors will small capital outlay. If you do not have the technical supports, i reckon you keep your $$ in your bank rather than losing it to the markets.
The above statements are my personal views. I had worked in the banking industry for abt 12yrs. Doing online trading on & off now. (al2gether coming to 20yrs of trading experience). i used to be licenced by MAS & SGX as well...
Good luck to those trading.. Not many traders come close to George Soros..
Furthermore FX is almost 24hrs... your sleeping hours will definitely be affected.
Pleasant weekends to all.
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Originally posted by Vitto84:
not advertising per se
just letting ppl know that
yes there are gurus out there who conduct courses to make money off u
but still there are a small and genuine group of traders who teach for something more than just money
when u attend a course u must know how to make a difference between the "gurus" and actual traders who conducting it
but you can make money off the forex market. if u're properly trained.
i am not talking about technical analysis, but deeper stuff u seldom find covered such as money management etc.
if u want free signals or interested to know abt how we trade can pm me i can give u my mentor's blog
Frankly speaking....your replies to the thread are basically wanting potential investors to join your portfolio right ?
fyi, you are not allowed to solicit for investors w/o the approval from the authority, ie, MAS who regulates the FX act.
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Well, if your don't want to pay expensive course to learn forex, nowadays forex brokerage in Singapore have conducted "education lesson" to their account holders on how to do their platform and trade. Even CMC Market (I am not advertising for them) give an special promotion that "Trade CFDs Risk Free For A Day.You Keep The Profits, We’ll Cover Any Losses ", just for the sake you open an account for them.Check this out :
1) City Index Asia Pte Ltd : http://www.cityindexasia.com.sg/learn_to_trade.aspx
2) CMC Markets : http://www.cmcmarkets.com.sg/education
3) FXPrimus : http://www.fxprimus.com/
4) GFT Global Markets Asia : http://www.gftforex.com/Getting-Started/Seminars-And-Webinars
5) Oanda Asia Pacific : http://www.oanda.sg/learn