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Leinadgnow
Senior |
24-Nov-2010 21:38
Yells: "Retired" |
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Dbs vickers is really terrible.. make me lose about 5k+ another opportunity cost of about 10k + .. cause of them... thanks alot.. dbs.. no wonder their shares now so down haha no one wanna use their service anymore :P i told my prof when i saw him in his office using dbs vickers.. to get out of there hahaha... terrible la.. | ||||
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icetomato
Elite |
24-Nov-2010 21:36
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Wah so much cheem info to absorb tonight. Hey all sifus, do you all think that market will mainly be sideways next 2 days? | ||||
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bladez87
Master |
24-Nov-2010 21:34
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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nope. just closed my personal transaction account with bad debt of 5k. haha now just stating my views and chit chat. why look at USD chart? usd down comm up? dont see the link between those 2. a weaker USD will lower profitability since sales are denominated in USD which when convert back to local, will result is lesser.
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Gaecia
Elite |
24-Nov-2010 21:30
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Itching to jump in again? Commodities lags forex and inversely related, don't just study that counter's chart for TA. Whenever u want to enter and exit, always check USD's chart trend first.
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Leinadgnow
Senior |
24-Nov-2010 21:24
Yells: "Retired" |
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to name a few i tried.. and in ranking order of goodness and pure system wise as well as SIBOR rates and customer service/ and updates and system and news and charting .. 1. Igmarkets.. im using them now.. (really really good) minimum ticket price at $25 for singapore shares.. competitive.. and no GST somemore :D ... Got direct market access for $40 a month but trade twice with them in a month and they waive that fee.... Advance charting and tracker for $60.. trade 4 times with them in a month and its WAIVED TOO!!! .. uhh... Forex pip spread standard.. not much difference. customer service okay.. easy to upload funds and withdraw funds... got internet banking and good modes of payments... (thumbs up) SIBOR rate at +-2.5% for cfd.. can't remember what's the tiered leveling of financing like.. excellent charts... 30/50 market depth... as well as news and videos and seminars.. i no commission from them one hor.. but i really like them demo only last 7 days .. but not pushy.. and good follow up. Downside: need at least 100k of investments and cash in order to open an account with them... abit steep.. 2.KE (kim eng) -> wah sibei bad customer service.. but platform good... i like :D i dunno got forex anot haha i open account with them for trading purposes. 3. Citifx ... dad using it... not too bad.. UOB kay hian also on this level (but kay hian no fx hor and $40 comm charge.. expensive...) 4. Phillips good.. market maker.. down side is that ah.. the webpage lookalikeashit.. not good.. i see already also abit sian hahaha .. no classy feeling at all :S the charts also like those super old school 2D charts.. then only can run on Mozilla firefox.. no IE please.. 5. Try Forex the www.fx.com i think.. the sales person very pushy though.. good thing is it is solely forex and 30 days demo account so good to play long term :D Call from ang moh land tell me.. excuse me .. would you like to open an account with us? i say no .. he say why? i say i got another platform .. he say .. what platform? i say igmarkets. .he ask me WHY? somemore so loud... like ma chiam his family no food to eat if i dun sign up.. then i say sorry sir.. busy now.. he say okay.. let me send you an email and my phone number so in case u wanna switch .. not once.. not twice.. but thrice.. send me thrice.. you tell me.. scared go junk mail issit? LAST OF THE LAST OF THE LAST LAST LAST. F**ked up Dbs vickers like a shit like that... wanna trade contra.. naked selling almost lost my pants and want to fine me 1k still cause dun wanna release my buying limit when i stuck with shit already hahaha.. i dun recommend this at all .. fx or not.. really buay sai la.. cannot make it.. call them ask for help also like i owe them money.. never pay broker fee like that.. ... only treasure clients the service good.. hahaha Only cna chart on IE .. cannot chart mozilla.. lag somemore... can call me and tell me.. sir.. sorry... you indicated you close your short at 4.45 .. but we only recieve the order at 5+ due to server down time.. WAH MAKE ME buy in 3 pips higher and then the SGX wanna fine me some more :S Cannot make it i tell you.. |
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Gaecia
Elite |
24-Nov-2010 21:24
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huh thanks but i've no stamina for forex, it never sleeps and honestly a zero sum game that's hard for retail pple to win. Of course not referring to u yup. I've other things going on in real life, not my focus to trade full time althou i've the passion for it to learn. So bladez, u hav my answer i'm not full time trader, no way. lol For trading actual US stocks, i use options express but i'm not sure if they offer forex. Try sign up with options express for a virtual trading platform. The advanced features are great, friendly user interface and intra day charts. Otherwise E-trade is also very well known.
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bladez87
Master |
24-Nov-2010 21:15
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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GAR set to break 25d MA and trend upwards. now is a good time to buy. |
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bladez87
Master |
24-Nov-2010 21:12
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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you full time trader?
intro the demo account you 2 used before so i can go try? i just had an interesting thought, we have a lot of male traders, imagine if a married couple are both full time traders. under occupation both put unemployed. and rely on welfare, or whatever is provided in singapore. then if got kids, and they get asked what their parents doing, the answer probably be stare at computer whole day. they get paid to stare.
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Leinadgnow
Senior |
24-Nov-2010 21:11
Yells: "Retired" |
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Geisha... i mean .. gaecia hahaha .. you try playing mini.. then play about 0.5 - 7 set stop loss at about 60-100 pips above to not get stop out.. longer time frame.. smaller contracts.. larger stop loss.. shorter time frame.. heavier contracts.. smaller stop loss lor :D |
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Gaecia
Elite |
24-Nov-2010 21:05
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Daniel, you're referring to e mini futures? Most of my positions i did not hold it long enough (stops were triggered) for trend direction to establish itself on charts (which lags) and be directed by my own intuition. Now jus focusing on max 3 counters to better foster my ability in reading the counter's rang and recognise my trading behavior where it went wrong. Bladez, do get a practice or demo a/c to evaluate your readiness and psychological fortitude towards investment. More so if u intend to trade (frequently) or be a trader. You know how it all unfolded yesterday, join the herd to panic sell, chase buy or shorting at bottom normally brings the worst position and eventuality. Perhaps got to imprint that in your mind. I do feel your frustrations, take time to read yourself becos a troubled trader is one heading for trouble indeed. |
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bladez87
Master |
24-Nov-2010 20:56
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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ipunter is right. tuition fees must be fixed. for me i think 5k is too much. i am going to lock my money up so that i cannot trade anymore. will just stick to investing 5 lots per counter for now. but this being a trading forum, hard to find people who do investing. |
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Leinadgnow
Senior |
24-Nov-2010 20:54
Yells: "Retired" |
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to me.. la .. personally to me la.. whether you lose 10k or 30k or 30dollars.. u still lose ur capital and that capital can be used for more margin.. i know 10k heartpain.. i lost that amount before wasn't a good feeling.. but then.. it was a good experience for me.. tuition fees and + what that taught me made me earn back more then that 10k that i lost... so it was worth it :) |
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bladez87
Master |
24-Nov-2010 20:48
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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wow addressed to me. honoured. thanks though. any recommendations for forex demo brokers? you lose 60 you heart pain. i still net loss 5k. almost 100x your heart ache. haha. your 2 posts, both relating to forex more than stocks right. to me forex is super dynamic, while stocks are less dynamic. seeing as to how won has fell sharply these 2 days, it is common sense to buy won now. unless of course another round of shooting begins than ho seh liao. ya going to study soon. so much to learn in life. |
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Leinadgnow
Senior |
24-Nov-2010 20:46
Yells: "Retired" |
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i think it is okay to blow a demo account.... and learn from it? i blew 5 forex demo account when i was starting out. u blow demo account and learn better then blonw your cash right? hahahha So i still strongly suggest demo account... :D |
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iPunter
Supreme |
24-Nov-2010 20:44
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For stock playing, (or forex currency play), it is good to set a side a fixed amount of money for a trading account. Margin top-ups must be avoided for the account, which means one must make sure never to be involved in any margin call. This way, so-called 'tuition fees' will be more structured and manageable. Because, if one blows an account, one can then either start another new account... or decide to stop playing altogether... |
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Leinadgnow
Senior |
24-Nov-2010 20:33
Yells: "Retired" |
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to bladez .. If you have the time and you are free/ cannot sleep .. nothing to do.. get yourself a forex demo account.. read the charts.. learn to see how the trend moves.. whether it is trending .. or in a range.. a sideway markets.. both need to do different things in different scenarios... You need to be able to spot it.. and be able to react fast.. cause the slower you are.. the more you miss out on it.. also, you have to learn to let go of preconceived notions.. dun be afraid to correct your initial opinion or stance.. in this market, it IS volatile.. nothing is absolute... try seeing EU/USD and CHF/USD as well as GBP and USD for trending and to learn more.. play around with the indicators.. dun be afraid to use the DEMO dollars in your accounts to test your theories out.. After all , your theories can only be accurate and materialize when it is put to the sword.. tested on the market itself.. For instance.. you read the charts.. see the signs .. trends and stuff.. ask yourself is it a trending market or is it a ranged market? if it's trending.. go long.. use the long setup.. and just wait and see... predict a price it will hit to climax before it falls back down ... (base on charting of course) if you are wrong.. ask yourself .. where did i go wrong? why did it work against my charts.. what am i not seeing... if you see the charts, you will realize it almost coincides with the news as the NEWS will effectively bring on the market sentiments and their reaction.. so usually when there is some movement and a trend is about to start.. you see ALOT of activity.. not because they have insider news.. but because NEWS do have a bit of time lag no matter how fast it is.. so by the time you read of the news or hear of the news... people have already reacted to it.. the charts will show you that certain news is out that you have yet to read yet .. but you know that something is up .. and you make haste to find out what it is because you see the chart suddenly move so much and so violently and with such a momentum swing... In effect, it's about practice practice practice.. the more you practice.. the better you get.. but remember to try it out with either MINI contracts.. 10 c or 20c losses.. or demo account .. dun play big till you are sure you can earn a consistent stream of income .. if you no experience dirving u think F1 want to hire you? Make sure you get the fundamentals right first.. that is .. practice practice and practice.. and learn. |
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Leinadgnow
Senior |
24-Nov-2010 20:20
Yells: "Retired" |
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WHOA!!! hello guys .. sorry ah .. exams on going right now.. 30th then finish .. so never post for damn long hahaha.. but still got play abit of forex here and there.. Anyway .. i learnt a few new things i would like to share with you guys that changed my way of trading abit... *sheepish* yes.. i have been reading some investing and some trading setups whilst i take breaks from my study marathons... There's a few things i would like to say. Firstly, ipunter, hello yes you... i realize what you say about TA being a coin flipping by doing 2 tests today on the EUD/USD and it being a laggard and not a leader... it hit me pretty hard and so i decided and to test it and bought 2 mini contract and at different timing.. one long and the other short.. almost the same scenario, MACD lines and Stochastics bottoming ... ALMOST.. not the same .. no exact market situation is the same.. and i lost one at $1 and the other i closed it with a $1.20 profit..I tried 2 setups and i realize that the one that was cleaner ... with only a 89 day MA for trending and 14 3 3 stochastics works better for me in the LONG RUN when i held the 1.20 profit.. It is true that too many charts and arcane indicators will F**Ked you over royally cause you cannot make up your mind.. for the long run .. you should just follow the price-trend movement and the trending of the long run if you intend to buy and hold and wait it out..Daily and hourly chart were used here. My other charts were based on 30 mins , 15mins and 1 mins for the short run and i decided to do another test using the bollingerband, parabolic sar, macd 5,15,10 , stochastics, RSI and Williams as well as momentum .. i realize that the RSI and stochastics as well as the momentum were excellent tools to use for intra day trading simply because they were able to tell me the momentum of the swing base on newton's first law.. whereby once an object is in motion it is hard to stop... It showed me the start of the trend .. and it is A LEADER not a laggard because it shows u where the swing is heading to... it really does...go check it out urself.. dun just take my word for it.. i realize that whilst the rest like MA's were almost a laggard, the momentum and stochastics/rsi were in effect leaders in their own rights.. you just have to be able to see that valuable information out of those clutter of charts and understand where the swing was heading towards. Following the swing would only bring you profit... Base on my old setup , i lost about 60 dollars in forex yesterday, trying to go for the long TREND using my Short term setup... which in effect was like putting a cruiser meant for long hauls on a F1 racetrack.. i got stopped out often as well as poked in the backside a few times.. i decided that something i must be doing was wrong.. and i went to read up .. and that was what i found out.. USE The SHORT TERM SETUP for the SHORT TERM TREND and the LONG TERM set up for the LONG TERM TREND... fine your own.. if you want me to give you my own opinion of this setup .. i will do a more detail write up after my exams. But, this is what i found out through a rather cheap but painful lesson of losing $60 ... and i realize it was , invaluable. I am slowly making back my $60 earning a measly 5 dollars every hour trading mini contracts (up to 0.7). I am going to slowly and steadily test and tweak my formula/ setup in order to go on to bigger contracts i.e 7 main contracts. when i have cleared my $60 and consistently earn $5 dollars every hour for the next 6 months, then , i know i will be ready to take on bigger contracts. Patience and determinence is key to success.. malay's have a saying i think? cikit cikit something something.. so i'm just sharing with you what i learnt recently which is actually what i knew a long time ago but i didn't realize it till it hit me square in the face.. If you are an investor.. act like one.. read up on the FA and potential of the company long term to get multi baggers... and follow SOME TA... spread your diversification into bonds, dividends, reits, shares as well as abit of penny stocks (for multi baggers) as well as into fix deposits to make sure your nest egg is safe and secure..I can't say much about TA cause i only read benjamin's graham the intelligent investor as well as warren buffett's snowball effect. For others who are like me, crazy, young, and foolish with nothing to lose but the $$ in your account which you have set aside for speculating and trading, then , i think my sharing would be mostly directed to you all and can connect with you... That is, keep trying at your TA and setup, keep tweaking it to fit the market base on different scenarios.. cut losses.. don't be fearful and most importantly of all... the price you pay is the tuition fee to learn.. some expensive.. others cheap.. but as long as you keep your desire for learning as well as you are willing to take the hits ... then you would be a successful trader.. Remember though, put a stop loss.. i will go into more details after my exams on how you can effectively trade for FREE at minimal risk and yet at the same time, lock in your profits no matter how small they are.. Warmest Regards to all :) |
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icetomato
Elite |
24-Nov-2010 20:06
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I said before le.. Gaecia very smart. Can be sifu too. Bladez also potential.
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bladez87
Master |
24-Nov-2010 19:59
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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where you learnt your analysis from? and how long have you been in the market. you seem to be able to link a lot of the jigsaw together. from commodities, to forex to stocks. i am still far from that level. BT and daniel also very good at looking at big picture with fine details. gaecia also. ipunter ak, are also some of the more well known forumers. did not know so many girls in this forum until now, i think got around 6. besides cbclow any other girls younger than me!? makes me feel ashamed of myself for not working as hard as some of them like cbclow. better than me in every aspect.
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epliew
Supreme |
24-Nov-2010 19:51
Yells: "no worries be happy !" |
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sorry... ya....
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