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Forex Junction
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baseerahmed
Master |
14-May-2009 14:09
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caveat emptor --- chart by novice --- not an inducement |
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iPunter
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11-May-2009 05:52
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Yup... In this world, what is better than the Fx market?... 
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baseerahmed
Master |
10-May-2009 20:50
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Forex used to be a closed market because only the “big boys” because you needed between 10 and 50 million $ to open an account. But today, with the development of internet, online Forex brokers have the possibility to offer their services to “little” traders. All you need to start is a computer, fast internet connection and information which you can find on this page also. This enormous market is like the dangerous sea where you can meet lots of sharks and dangerous waters but at the same time it is the only one where two weeks of trading can hypothetically bring you $1,000,000 out of $1,000 of initial investment. This is certainly hypothetically because a lot of newbie traders deal with their trades as gambling, that surely bring them to having nothing in the end. You should always keep the phrase "be careful!" in your mind. This market would give you its profit possibilities only if you learn the basic things hard and make lots of demo trading. The statistics is that as much as 95% of traders come to losing their money at Forex, 5% have profit and less than 1% of traders make large fortune at Forex. You shouldn't produce, sell or advertise anything trading at Forex. Your assets are your knowledge, experience and a small amount of cash. This market is a platform for banks, transnational corporations and individual traders to change the currencies they possess into other ones. This is the spot Forex market. At this market you can trade with up to 1:400 leverage which means that you'll get $400 on your account for each dollar invested. So, you can trade with the $400,000 sum having invested $1,000 onto your account. Forex is unique among other world markets because in any time of day and night, somewhere in the world, a financial centre is open for business, banks and corporations exchange currency all the time, with a little lower frequency during the weekend. Why to trade on Forex? 1. There is no commission fee for trading at Forex. 2. There is no intermediary, you can trade directly at Forex. 3. Forex is open 24-hours a day. 4. Nobody can influence the market for a longer period. 5. High liquidity. 6. Free demo accounts, analysis and charts. 7. Small accounts that allow everyone to try out his luck. |
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niuyear
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07-May-2009 20:56
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Hi masters and seniors, your valuable advice is needed. Tks Re: Forex My friend has been doing this and i am wondering can this really make profit? Last year, US$ plunged to low of $1.40? She used S$14,000.00 to buy US currency 10,000.00. When US currency was at 1.52, she then converted this US$10,000 @ 1.52 which comes up to 15,200. In this way, she actually earned 1,200 per transaction per 10,000.00. There is no charge of conversion cos she uses internet transfer here and there and when became bolder, her transactoin amt is higher and higher. This is another way to profit from currency conversion between S$ and US$.? |
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iPunter
Supreme |
07-May-2009 15:59
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Trading is in reality trading with oneself, not God or others... After one has mastered all the best contents of all the trading paedias in the world, one is left to deal with one's own self. And this is the greatest hurdle preventing profitability...
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baseerahmed
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07-May-2009 11:37
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In physics you are playing against God, who does not change his mind very often. In finance, you are playing against God's creatures, whose feelings are ephemeral, at best unstable, and the news on which they are based keeps streaming in. -- E. Derman of Goldman Sachs Trading Is More Art Than Science |
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baseerahmed
Master |
06-May-2009 21:36
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http://investopedia.com/slide-show/top-10-forex-trading-rules/?partner=fxweekly5 |
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baseerahmed
Master |
06-May-2009 21:32
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Top 10 Forex Trading Rules
1. Never Let a Winner Turn Into a Loser 2. Logic Wins, Impulse Kills 3. Never Risk More Than 2% per Trade 4. Trigger Fundamentally, Enter and Exit Technically 5. Always Pair Strong With Weak 6. Being Right but Being Early Simply Means That You Are Wrong 7. Know the Difference Between Scaling In and Adding to a Loser 8. What is Mathematically Optimal Is Psychologically Impossible 9. Risk Can Be Predetermined, but Reward Is Unpredictable 10. No Excuses, Ever Kathy Lien and Boris Schlossberg http://investopedia.com/university/forex-rules/ |
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baseerahmed
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05-May-2009 13:48
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thought i just add this prudent thoughts ( as a counter to iPunter's statement ...though it was well meant ... hope iPunter won't mind ... after all we need to caution eager beavers and those who are still green .... ) though it sounds easy .... only 5% make it while 95% lose ... some bust on the first few attempts and 'close shop' ...these are the lucky ones ... what of the others who are under-capitalised and suffer even worse ... this is one business that has Drawdowns .. even professionals go through periods where they lose money .. so before embarking ... one need to analyse oneself ... work hard on acquiring the necessary skills ... be well capitalised .. free from personal debts ... have a logical trading system ... follow extreme money management rules .... etc .. etc .... ( need to rush off ... hence ... fill in all that cautious things that come to mind ... Sifus and Gurus ..chip in a bit .... hahaha ! ) ( this is thoughts are also a reminder to me ... ) 
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baseerahmed
Master |
05-May-2009 13:16
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hmmm....wonder how many got alerted .... by the charts posted below ...actually put for meaningful critical appraisal ... caveat emptor --- charts by novice --- not an inducement |
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iPunter
Supreme |
05-May-2009 13:14
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Forex trading is the ideal life-time activity... hehehe... No which doesn't need much monitoring...
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baseerahmed
Master |
05-May-2009 13:01
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iPunter : ) its fun reading charts ... practising ... practising ...hahaha !
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iPunter
Supreme |
05-May-2009 10:12
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Baseer... :)... Enjoy the game so far?...
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baseerahmed
Master |
04-May-2009 14:00
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 its too early to say if its H&S ... but helps to keep it at the back of the of the mind .... need to also keep in mind that Tokyo is on holiday for the next few days .... caveat emptor ... for educational and entertainment purposes only ... not an inducement |
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baseerahmed
Master |
04-May-2009 13:43
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 caveat emptor ... for educational and entertainment purposes only ... not an inducement
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baseerahmed
Master |
04-May-2009 13:06
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 caveat emptor ... for educational and entertainment purposes only ... not an inducement |
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baseerahmed
Master |
27-Apr-2009 16:19
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Monday April 27, 4:26 AM
China calls for reform of global monetary systemChina called Sunday for reform of the global currency system, dominated by the dollar, which it said is the root cause of the global financial crisis. "We should attach great importance to reform of the international monetary system," Chinese Vice Finance Minister Li Yong told the spring IMF/World Bank Development Committee meeting in Washington. A "flawed international monetary system is the institutional root cause of the crisis and a major defect in the current international economic governance structure," Li said, according to a statement. "Accordingly, we should improve the regulatory mechanism for reserve currency issuance, maintain the relative stability of exchange rates of major reserve currencies and promote a diverse and sound international currency system." As the world's main reserve currency, US dollars account for most governments' foreign exchange reserves and are used to set international market prices for oil, gold and other currencies. As the issuer of the key reserve currency, the United States also pays less for products and can borrow more easily. Li did not name the dollar but in late March the People's Bank of China Governor Zhou Xiaochuan said he wanted to replace the US unit which has served as the world's reserve currency since World War II. "The outbreak of the crisis and its spillover to the entire world reflected the inherent vulnerabilities and systemic risks in the existing international monetary system," Zhou said, suggesting the International Monetary Fund could play a greater role. Zhou's remarks sparked uproar and concern since China has the world's largest forex reserves at 1.9 trillion dollars. China became the world's top holder of US Treasury bonds last September, and currently holds around 800 billion dollars, according to official US data. Beijing has voiced increasing concern over its massive exposure to the US dollar as the global crisis has steadily deepened but after some tense exchanges, the issue appears to have eased in recent weeks. The role of the dollar gets caught up in Washington's own complaints that China unfairly keeps the value of its own currency undervalued so as to promote its exports. The resulting massive US trade deficit with China is one of the main global imbalances which the US government says has to be removed to set the world economy back on a more sustainable growth track. |
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baseerahmed
Master |
15-Apr-2009 00:03
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baseerahmed
Master |
14-Apr-2009 22:05
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Sense&Guts
Member |
06-Apr-2009 14:52
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SGI High Powered FX Trading intake 0209 will be starting on 21 April 2009. Anyone who are interested and would like to find out more may email me. You may also visit my website and forum for more information at http://forex.sense-and-guts.com |
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