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Forex Junction

hi bas,

when start to trade? 

if not for stop loss trigger, could have made 150 pips... who know? still stick to SL to protect the trade...

baseerahmed      ( Date: 22-Sep-2008 17:52) Posted: Demo trade on UJ got my +30 pips for today  106.31 down to 105.00 caveat emptor -- past performance in no indication of future gians/loss -- for education and entertainment purposes only .

 

sayoung lor.... short loss triggered.... 

 

oops ..

106.31 to 106.00

 

Demo trade on UJ


got my +30 pips for today 

106.31 down to 105.00



caveat emptor -- past performance in no indication of future gians/loss -- for education and entertainment purposes only .

 

The past week's events were really historic. The events (Lehman's death, AIG's near collaspe and the emergency Fed intervention) can all be seen in the currency movements of the USD.

 

 

 

 

caveat emptor -- for educational and entertainment purposes only

 

handon:

ouch ! .. hope its just paper trade .. :  )

 

$$$ just drain away....  bad timing.... 

 

eur/usd out... lost strength..

 

intellectual properties .. brain-power .. R&D ..innovation .. invention ... military might .... resiliance ...head-start ..

(maybe not related to ur question .. but just the edge over china, india , jpn )

 

with the abandon of usd floating.... what edge us has over china, india n jp... hard to understand many countries are still hold usd ???

 

handon :

looking at the charts , i suppose so ... but i haven't looked at the charts of euro for some time now .... so i wouldn't dare touch that animal ..once i tried it on demo and lost to it ..so i am sticking with the UJ for the time being .. let me get my footing with one pair first ... thanks for the suggestion ..

my aim is to get the method right ... the 90 pips is just for extra entertainment ...

 

eur/usd can long.... 

 

UJ Demo Trade

Buy :  104.79

Sell :  104.98

+ 20 pips

..sigh ..still got 90 pips to go ....



caveat emptor

 

 

Then it must also be noted that especially in online transactions, there is definitely a time lag between the time when you click your order to the time when your order can be practically and electronically processed.

Imagine a situation in which mountains of people are in a frenzied rush and mad scramble to buy properties, shoving and trodding over each other in the process...

With the overwhelming trading activity during frenzied forex periods, one should not expect a 'spot-on' fill at all...

One should accept a wide slippage when it occurs because it may be not be intentional at all...   

 

 

CWQuah :

Thank you very much for the very informative reply.

:  )

 

During times of very important economic news widening spreads are there mainly because of 2 reasons:

1. Forex brokerages tend to 'discourage' retail players from gambling/punting on newsflow - so spread widening is done to make it costly for such punts;

2. Institutional trades add pressure to the way the exchange rates moves - while volume is practically unmeasurable (>$2trillion/day), it still is a finite amount of $$$ being traded; it is possible for BBs to still move currency to the extent that gapping occurs.

baseerahmed      ( Date: 17-Sep-2008 06:52) Posted: UJ Demo Trade 6.10am : keyed in sell at 105.34 noticed that the spread is now 7pips . is this abnormal or a normal spread ? earlier it was 3pips ... any experts care to share ..? IG Market ticket showing : sell 10527.5 and buy 10534.5 ..huh .. stopped out .. very fast !

 

Forex is a game in which the rich (those who did not get rich in forex) also lose...

Only they lose more since they usually play big... like Texans..  

 

 

iPunter : )

Thank you very much for ur kind reply.

You mean to say that they 'suka-suka' move the goal post ?.. : )

what will be the maximum spread , how vast will be the slippage ..?

about your suggestion of starting a real mini account ... yes, that will be the next logical natural step ... and like u have said ..let me get a grip of the trading mechanics .. both the technical part and the emotional part ... I am still very wobbly ...as u can gauge from my demo trading ...  :  )

like this morning , my thinking was that the Fed news had been taken into account and the downtrend channel was back in its course , hence the selling ... but alas, not to be so ... i wasn't aiming for the pips of the whole channel , but just about 20 pips for the day ...well , the Market is its own Master !

:  )