ShareJunction - Stock Forum Messages %%%:

Back

First < Newer 161-180 of 1301 Older> Last

Latest Forum Topics / Others

Post Reply

Forex Junction

wacko111
Member

18-Dec-2008 17:44

wacko111 About Contact Quote this Post!

x 0
x 0

Alert Admin

yeah.. vice versa.. and fastest to be bankrupt.

did BOJ just intervene in the mkt?

Totally crazy out there...

Useful To Me Not Useful To Me

iPunter
Supreme

18-Dec-2008 11:10

iPunter About Contact Quote this Post!

x 0
x 0

Alert Admin

Forex can be the fastest way to make a fortune...

if one makes more right bets than wrong ones ... Smiley

Useful To Me Not Useful To Me

singaporegal
Supreme

18-Dec-2008 11:06

singaporegal About Contact Quote this Post! Style: Technical Mood:

Yells: "Female TA nut"

x 0
x 0

Alert Admin

Good place to start would be babypips.com

duskkk ( Date: 18-Dec-2008 11:00) Posted:

I am slowly learning my way around investments and forex is an area which I really have no prior understanding or knowledge in. What is the best way for me to start to learn more about forex trading?

Useful To Me Not Useful To Me

duskkk
Member

18-Dec-2008 11:00

duskkk About Contact Quote this Post!

x 0
x 0

Alert Admin

I am slowly learning my way around investments and forex is an area which I really have no prior understanding or knowledge in. What is the best way for me to start to learn more about forex trading?

Useful To Me Not Useful To Me

singaporegal
Supreme

18-Dec-2008 10:50

singaporegal About Contact Quote this Post! Style: Technical Mood:

Yells: "Female TA nut"

x 0
x 0

Alert Admin

So is the AUDUSD and NZDUSD charts. Huge volatilite in the last couple of days.

wacko111 ( Date: 17-Dec-2008 22:46) Posted:

the usd/CHF Weekly bar looks monstrous

Useful To Me Not Useful To Me

wacko111
Member

17-Dec-2008 22:46

wacko111 About Contact Quote this Post!

x 0
x 0

Alert Admin

the usd/CHF Weekly bar looks monstrous

Useful To Me Not Useful To Me

wacko111
Member

17-Dec-2008 22:31

wacko111 About Contact Quote this Post!

x 0
x 0

Alert Admin

Massive volatility these past few months.

must be becuz of credit crunch causing traders to go hyper

Useful To Me Not Useful To Me

iPunter
Supreme

17-Dec-2008 16:45

iPunter About Contact Quote this Post!

x 0
x 0

Alert Admin

ERROR... should read...

This particular trader should have gone and sign up for Mr. Woo's coaching course... Smiley

Useful To Me Not Useful To Me

iPunter
Supreme

17-Dec-2008 16:43

iPunter About Contact Quote this Post!

x 0
x 0

Alert Admin

This particular trader should have gone and sign up for Mr. Wu's coaching course... Smiley

Useful To Me Not Useful To Me

baseerahmed
Master

17-Dec-2008 13:00

baseerahmed About Contact Quote this Post!

x 0
x 0

Alert Admin

Investor lost $180k in forex trade in three months

http://forums.asiaone.com/showthread.php?t=16609

Useful To Me Not Useful To Me

baseerahmed
Master

17-Dec-2008 12:52

baseerahmed About Contact Quote this Post!

x 0
x 0

Alert Admin

Investor lost $180k in forex trade in three months

HIGH-risk investments can make or break an investor, especially during the current troubled times. If the investor makes the decision to invest, but also expects his bank's relationship manager to watch out for him, who should be blamed if the investment turns bad? This question was raised in the case of a 30-something Singaporean investor who lost more than $180,000 in foreign exchange trades in just three months. John, who did not want his real name published, works as a technical consultant in an investment firm. He claimed that he was not aware that he suffered so much in losses until it was too late. The reason: He had trusted his bank's relationship manager and the bank's services, and had relied on that to keep him posted on his investment. However, one investor coach we spoke to said that it can be hard to pin blame on the relationship manager. The investor is responsible for his investments. (See report on facing page.) John said that every time before he made a transaction, he would call his relationship manager to check on his account balance. On top of that, the bank would usually post a notice to him to let him know how much he had made or lost in a particular transaction after it was completed. He would receive it in about a week. However, it now appears that these were insufficient measures. The coach investor we spoke to called such manual tracking 'primitive'. But for John, this had worked well since 2006, when he started investing in foreign exchange trading through his ABN AMRO wealth management account. He had set aside $50,000 of his savings to open his account. Over time, he traded in higher amounts as his returns from each trade increased. Then, things started going wrong in August this year. From August to October, John, who had hoped to get bigger returns with the volatile markets, placed several trades of more than US$100,000 ($149,000) each time in the US dollar and the Australian dollar. 'I wasn't told' On 15 Aug, he said that his trades made a US$129,000 loss, and John is now claiming that he did not know about this until a month later. He claimed he did not receive the weekly notice on that transaction, and found out only in the monthly statement, which states the profits and losses made during the month. He also claimed that he had been calling his relationship manager before he found out about the loss, but was not given the information earlier. He said: 'When I called, I wasn't informed of the losses. I presumed that the profits from my other transactions had managed to cover my losses. I was told there was still an excess in my account.' This led him to mistakenly believe that he had more money in his account than he really had, John said. After the loss in August, he placed another trade, which resulted in a US$190,000 loss on 19 Oct. He said he knew the risks of forex trading, and he had a 'stop-loss level'. 'I had a buffer amount of losing no more than US$150,000,' he said. 'By neglecting to tell me that I had made such a huge loss, the bank exposed me to a very risky situation and caused me to over-extend myself.' Affected behaviour He said: 'If I had known I had to top up my account with US$129,000, I would have lowered my trading limit. 'What was the possibility that they missed out such a huge transaction? I even called them regularly to check.' Frustrated, he wrote in to the bank demanding an answer. He said the bank apologised for the error, but he was not satisfied. When approached, a spokesman for ABN Amro said: 'As (part of) the bank's policy, we do not comment on individual client matter due to client confidentiality. 'We have taken the issues raised very seriously and conducted a thorough investigation and review. 'We believe that our current processes and the steps we have taken are in line with market's best practices. We will continue to actively address any further concerns the client may have.' This article was first published in The New Paper on December 14, 2008.

Useful To Me Not Useful To Me

CWQuah
Master

15-Dec-2008 23:03

CWQuah About Contact Quote this Post! Style: Combined

x 0
x 0

Alert Admin

http://www.babypips.com/blogs/art-of-the-chart/12_essential_trading_tips_to_m.html

Something to maintain sanity with, regardless of the mkt insanity.

Within chaos, there is order.

Useful To Me Not Useful To Me

simck001
Senior

15-Dec-2008 22:45

simck001 About Contact Quote this Post! Style: Combined Mood:

x 0
x 0

Alert Admin

The FOREX market is getting crazy before the Fed announcement on interest rate changes!

Useful To Me Not Useful To Me

baseerahmed
Master

30-Nov-2008 21:32

baseerahmed About Contact Quote this Post!

x 0
x 0

Alert Admin

01101749 :

all the best and good luck to u too !

do drop in occasionally ... we all can be still be friends despite differences in methods and strategies ..

Smiley

Useful To Me Not Useful To Me

01101749
Member

30-Nov-2008 21:02

01101749 About Contact Quote this Post!

x 0
x 0

Alert Admin

well i seldome visit this forum. i wont give away my hard earn knowledge.

this knowlege earn through thousand of hours of research and trading for years on multiasset level.

actually what i can make is only 50% profit rate compared to my peers who inspire me to achieve.

what i can tell u is, your trading strategy is different from mine. I dont gamble it's a lose lose game.

mine purely based on trading skill. actualy i was using same scalping strategy as u while back and i decided to scrap it altogether.

came up with something better! i dont use indicator-indicator are a marketing scam to get customer to generate brokage.

I have tested out all indicator- i concluded, market moves in a random motion nothing more. if u use indicator u will fail- what they show u at the end of the day are random movement nothing more! so i scrap the shitty indicators and i came up with my own which works 99% of the time, now that's what i call indicator! sorry folks, i will not give any tips .... im out of here! Smiley

all the best! Smiley

Useful To Me Not Useful To Me

iPunter
Supreme

30-Nov-2008 12:27

iPunter About Contact Quote this Post!

x 0
x 0

Alert Admin

Forex is the biggest ocean of $$$money$$$ on this whole small planet... Smiley

Useful To Me Not Useful To Me

baseerahmed
Master

29-Nov-2008 22:32

baseerahmed About Contact Quote this Post!

x 0
x 0

Alert Admin

01101749 :

really appreciate ur honesty. respect ur hardwork and awed by the results of ur research ! Salute !

this gives me an idea for me to do a research ! with ur permission , (though it is publicly online) , i think i will look through the charts of the various pairs u have posted below of the 20 and 21 Nov. ... and see if i could get some clues .. Smiley

at the same time , i need to qualify that if i can find the time to squeeze in this research ... it would be done manually on a leisurely basis.... don't worry , i won't be a competition to u if i get some clues , hahaha ...

honestly ... i think it will be like looking for a needle in a hay stack ! ....hahaha !

serioulsy, i am quite comfortable with the method i am employing now ... yours could be 'good to know' (if could get the clues at all ) ... anyway it will give me a chance to look at the charts of other pairs other than usdjpy

as my father used to say ... business is like an Ocean .. teeming with abundance ... u can use a fishing-rod or a trawler to fish ... to each acccording to his abilities and according to his needs ... its no going to dry up ....

i suppose it applies to forex trading too ...
Smiley

Useful To Me Not Useful To Me

iPunter
Supreme

29-Nov-2008 17:13

iPunter About Contact Quote this Post!

x 0
x 0

Alert Admin

That's the way to go, man... life is for learning... hehehe... Smiley

Useful To Me Not Useful To Me

01101749
Member

29-Nov-2008 15:59

01101749 About Contact Quote this Post!

x 0
x 0

Alert Admin

Well i don't really like to share, don't wan people to copy my hard work of research.

I'm making at 250 pips a day up to 500 pips. if i have screen time.

but I'm trying out meta trader auto made it. seems to work. actually speed up my trading

able accumulate 300 pips with in 2 hours. Smiley

key is I don't take high risk!

Useful To Me Not Useful To Me

baseerahmed
Master

29-Nov-2008 11:54

baseerahmed About Contact Quote this Post!

x 0
x 0

Alert Admin

summary for demo-trade Nov 2008

caveat emptor .. for entertainment and educational purposes

Useful To Me Not Useful To Me

First < Newer 161-180 of 1301 Older> Last

ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.