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STI to cross 3000 boosted by long-term investors
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cashiertan
Elite |
16-Dec-2007 08:10
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Major banks close their books this few days. expect low volume till next year |
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tanglinboy
Elite |
15-Dec-2007 21:44
Yells: "hello!" |
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Hi singaporegal, I think everyone has gone on leave. Expressways are also less congested these days. |
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elfinchilde
Elite |
15-Dec-2007 17:54
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sigh. well, monday's direction is definite. down. dang, i shd have opened cfd earlier....yep cashiertan, will be checking out the ebooks and all. thanks for the rec. i'll see if wanna join the class; work has been busy these mths. |
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singaporegal
Supreme |
15-Dec-2007 17:38
Yells: "Female TA nut" |
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What a boring week... low trading volumes and sluggish movements. I think it will be like this for the next couple of weeks until the new year. |
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cashiertan
Elite |
14-Dec-2007 20:00
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you may like to consider this forex ebook http://www.dynamitetnt-forex.com/?hop=purplemiau the trainer is a sporean who will be training under the forex wing of T3B next year. good thing is that u have local support and guide and support in their pte forums. |
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ericsim
Senior |
14-Dec-2007 19:02
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Thanks You Cashiertan Going to get some basic FX book. Based on your risk rating, if i'm able to survive stock mkt, i don't see why i can't survive FX (off course alot of homework & study must done first)...all the best to you!! Cheers |
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cashiertan
Elite |
14-Dec-2007 18:04
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corrected: ericsim, i have been trading for 2 years of forex now thou i trade less forex this few months when i tried stocks instead. i really dunnoe to pity ur fren or laugh at him... why? read below... have u asked and find the actual reason ur fren become bankrupt? in fact it is almost impossible to become bankrupt in forex coz u almost cant lose more than what ur balance holds. all forex trading brokers will forced sell even before ur acct goes into red. unlike stocks which allowed contra , the main source of bankruptcy, u cannot trade more that what u TT into ur acct in the forex brokers, thus i suspect he used borrowed money to trade. also forex common rules is never risk more than 3% of ur funds size per trade. thus i have to suspect ur fren violated this rules. he will need to take 30 losing consescatives loses of 3% to lose his capital. next, unlike local stocks, most traders are suspose to have set s/l of not more than 30 pips. i think maybe he didnt set it like me with my 1st forex trading 3 years ago. i made double my $ in less than a week and lose almost all my capital in just one nite.. i heavily overtraded and carelessly didnt set s/l and go to sleep. next morning a series of huge spikes cleared my acct and trigger a forced sell of all positions. even then, i am left with a few hundreds usd left in my acct. took 1 year break b4 i trade forex again. this time (almost 2 years), i have never lose money at the end of each month's statement. the only thing i dun like abt forex is u cant really withdraw ur winnings as the acct is in usa. thus recently i moved to local stocks trading, however with saxobank recently set up their office now in spore, solved this prob |
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myinvest
Member |
14-Dec-2007 18:03
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For trading currency, there is an opportunity of arbitrage. This involves the trading of 3 different currencies especially if the monetary system is not efficient. For example, if 1A$ = 1.5B$, 1B$ = 2C$ and 1A$ = 2.95C$, you would have earned 0.05C$ if you buy and sell three ways. Not sure whether it works now. |
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cashiertan
Elite |
14-Dec-2007 17:59
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if u ask me in term of risk.. starting from least risk to most 1)options (least) 2)forex 3)stocks (worst) why? u cant contra options and the most u lose is what u paid for the options (except put warrents or warrents u issued) even if the co stocks go bust like CAO or ACCS, u wont lose any more except as abv u cant contra forex, also a currency wont go bankrupt like a copanies, also getting only a brokers acct with online brokers who will guarantee ur s/l px if triggered, the risk is quite low. bascially u lose ur capital at the worst case unless u overtrade too much and kana sudden war or major disaster like in the movie "day after tomolo" . hardly got any manipulative BBs to screwed ur trade plans stocks is risky and controlled by manipulative bbs. kana CAO or ACCS and changes of bankrupt is high. next just see the recent saga between kim eng and the SIAS u will know what i mean. u can check the saxobanks spore for more info. in fact if u try their demo trading platform, u will get a friendly broker eager to answer all ur queries. bascially 1 saxobank acct allow u to trade commodities, forex, stocks in the world, bonds, cfds & options i believe. |
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ericsim
Senior |
14-Dec-2007 16:27
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cashiertan, thanks for your clarification. Interesting, do saxobank hv any free seminar etc...like to learn more but not going to touch it yet until i'm familar with it (pros & cons). What is the min. capital require for newbie? Last question, as compared to stock, which have the higher risk? |
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cashiertan
Elite |
14-Dec-2007 16:06
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ericsim, i have been trading for 2 years of forex now thou i trade less forex this few months when i tried stocks instead. i really dunnoe to pity ur fren or laugh at him... why? read below have u asked and find the actual reason ur fren become bankrupt? in fact it is almost to become bankrupt in forex coz u can almost cant lose more than ur balance holds. all forex trading brokers will forced sell even before ur acct goes into red. unlike stocks which allowed contra , the main source of bankruptcy, u can not trade more that what u TT into ur acct in the forex brokers thus i suspect he used borrowed money to trade. and also forex common rules is never risk more than 3% of ur funds size per trade. thus i have to suspect ur fren violated this rules. he will take 30 losing consescatives loses to lose his capital. next, unlike local stocks, most traders are suspose to have set s/l of not more than 30 pips. i think maybe he didnt set it like my 1st forex trading 3 years ago. i made double in less than aweek and lose almost all my capital deposited in just one nite.. i heavily overtraded and carelessly didnt set s/l and goes to sleep. next morning a series of huge spikes cleared my acct and trigger a forced sell of all positions. even then i am left with a few hundreds usd left in my acct. took 1 year break b4 i trade forex again. this time (almost 2 years), i have never lose money at the end of each month's statement. the only thing i dun like abt forex is u cant really withdraw ur winnings as the acct is in usa. thus recently i moved to local stocks trading, however with saxobank now in spore, solved this prob |
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myinvest
Member |
14-Dec-2007 14:08
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Maybe have to use Newton's third law of motion "For every action, there is an equal reaction" If we are a long term investor, we should take a longer term to buy. However, if we are a short term punter, we should take a short term to buy....and of course short term to sell too. Both can be successful too. But must know which is us? |
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ericsim
Senior |
14-Dec-2007 13:43
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cashiertan, as what i know off FX is highly speculative. Got one colleague who attended seminar with cost ard 2k+. Intially make about usd500+(min) per wk with a capital of usd1000 for a mth or 2 but subsequently ended bankrupt. all the best to you - hope you can succeed!! |
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huatah
Veteran |
14-Dec-2007 13:21
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Hi tiandi.. me belongs to de first type... Gambler.. lol.. for those counter i play for contra.. recently.. all bad moves.. cant beat de market.. might consider go sideway till end jan.. also long term investors.. park and wait for it to shine.. still dreamin.. Cheers |
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myinvest
Member |
14-Dec-2007 13:20
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Have to be very careful with the stock market at this period, especially if you are a medium to long term investor. Anything goes..... I have read an old book on the different stages of the market cycle. It shows how different stocks performed at different stages of the cycle. For example, The rise of the penny stock could imply something. The fall of the penny stock could indicate another stage in the cycle. Similarly, the rise and and then fall of the commodities could yet imply another stage. I cannot exactly remember the third (can't find the book now), but it could be the rise and fall of blue chips and perhaps another group of stocks. I believe you can piece them together. |
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cashiertan
Elite |
14-Dec-2007 12:59
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actually got questions ask b4 i leave stocks for forex, if i can be of help i try to answer. this few days i finally discard eveything and made a unbias decision . i will only use my cpf to trade stocks and some cash to trade cfd of index. monitor 1 or 2 indexed is better than to trade so many stocks. also, with 20x leverage on index etf, i think the profit should be sufficient. even better than warrents. in forex, i just monitor 5-9 pairs of currencies. yes just 5- 9 stocks equivalent is sufficient. in fact i usually trade just 4 pairs of currencies of the lowest pip spread. |
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cashiertan
Elite |
14-Dec-2007 12:49
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elf, u can email me at cashiertan@yahoo.com.sg all, STI no need to go below 3313 to be no more bullish. cross below 200sma areadi very bad le. however saving chance is still the Nasdaq. if nasdaq survived, we will too, even if sti chart look shitty. thats why i hate stocks more and more. u dun need to bother with bull or bear in forex coz as long it goes either way, u will make money. also no need to worried recession, volume lah, BBs lah. no such thing as BBs manipulating the major currencies. all is fair and square in forex. just use USD for example, even the fed can at most lower their currencies value, but they cant increase it w/o the world supporting it. |
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ericsim
Senior |
14-Dec-2007 12:41
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ordinary guy can be still in the stock mkt provided he is willing to pay high price for learning. i do remember reading one article regarding one old lady know NOTHING about playing (contest whatsoever) warrant (paper) and beat the pros. How can this happen?? Why?? 1. no the real money, dare to vest unlike pros - psychologically they get use to real world and do like what they do in real life money 2. not that calculative unlike pros - research, TA/FA etc....hence may miss the opportunity. 3. in terms of greed and fear - layman have more greed than fear and vice visa for pros. agree?? |
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tiandi
Senior |
14-Dec-2007 12:40
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haha huatah, by Prof Chan reasoning, you must be one of the three types. Which type you belongs to? |
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Sporeguy
Elite |
14-Dec-2007 12:25
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If it closes below 3313 in the coming days, it will mark the end of the bull. |
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