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Forex Junction

Can buy on margin?

iPunter      ( Date: 16-Jul-2008 18:23) Posted: Phillip has a facility/service for buying/selling currencies... It's known as "FX Invest".. You can find out more about it at the POEMS site...

 

Phillip has a facility/service for buying/selling currencies...

It's known as "FX Invest".. You can find out more about it at the POEMS site...

 

Anyone buying into Forex Fixed Deposits?

 

"ColonelForex.com" is still available...

I am thinking of squatting on it ...
but the new rules may not allow squatting anymore...

 

Wah, you really go and check ah. I was just say say only.

iPunter      ( Date: 15-Jul-2008 18:08) Posted: "ForexJunction.com" is already taken up (not available)...

 

oops. yea. thanks baseer for sounding that note of warning. guess i got carried away being . hehe.

yuppers. forex is for those who know charts. o/w, if you're trading on perception/fundamentals, it may be deadly. not unless your stop losses are *that* far apart.

and yea, agree with trader88. sharejunction = a junction for sharing.

besides, i don't quite see the point of setting up a second site if it's just going to be a forum alone. not unless you can offer the charting etcetc. o/w, this serves fine to me.

 

 

 

No need to change the site name. ShareJunction = A Junction for sharing (anything?).

Alternatively, get a sister site named ForexJunction. Aaahhh... quick, someone quickly "choke" the domain name "ForexJunction" sell it to ShareJunction! 
 

 

Haha with the share/equity markets in the doldrums, once more and more people move into forex, I guess it's only a matter of time before this site needs to change its name to encompass both shares and forex (and perhaps other forms of tradable financial markets in future!).

'$$Kaching$$' Junction anyone?

 

err ... newbies  .. a bit of reality check ... don't get carried away ... take small steps ... increase/improve ur chart reading skills ... get educated ...practise on demo .. the market is always there ... : )

 

 

Oh ya. Can still make money whether up or down, as long as it is NOT sideways. Stop loss feature is fantastic, no more worry on losing too much. Flexible orders: market orders, limit orders and best of all, contingent orders!! Free instant market news....

Wow! What are you waiting for? Start Forex trading today!

 

ooh yea. cheaper 'brokerage' fees, can choose to play long or short term (15 min trade, anyone?), can go both long and short. stop losses can be very tight. and best of all, only a few pairs to play!

no need counters as 'weather vanes', no need to track a basket of counters, no need to track freddie/fannie/indymac, no HSI/SSE/DJIA affecting.  

talk about free promo.

 

 

More reasons to trade Forex... ya, baby!

=> No commissions (only bid-ask spread)

==> High Leverage (200:1 leverage, i.e., $100,000 contract only requires $500 deposit!)

===> High Liquidity (squaring of open position is almost guaranteed)

====> Most Forex brokers provide free Demo account. Stock brokers don't provide demo account.

=====> Only a few pairs to look at, (infact most traders only stick to one pair) whereas there are thousands of counters to study in stocks!  

Ya... Baby!!

 

yuppers. i prefer forex too. it's 'cleaner': just the chart, and news.

 esp since our local market has shrunk in vol by more than half from the peak, which makes it so much easier for a single BB to swing the counters. >~<

and yes. 24 hrs. can   til 1 pm. 

 

Wow...

First Elfin, then now Jie-jie is into forex... isn't that great?... hehehe...

Pip, pip, hurray!!! 

 

I'm now doing Forex paper trading and I'm starting to find Forex quite fun. It has several advantages over stocks.

(1) No one BB can move a currency because the market is way too big for any single entity


(2) Easier to monitor because there are only so many viable currency crosses

(3) 24 hour markets

(4) Option to do carry trade due to interest rate differentials (of course, there are exchange rate volatilities to consider)

 

 

 

If you want to learn how to read price action, click here... 


 "...You will not use any type of indicators, identify any vague patterns, or use support or resistance
levels etc.

-You will only use the price of the currency pair to identify, enter and profit from the trade.
-You will learn how to exploit the daily range of the major currency pairs.
-How to enter "hit and run" trades; i.e.  Identify fast, enter fast and profit fast!..."

Serious traders!!!   Please do  not read if you are just simply curious...  

 

Hi,

I have published a special edition on Forex last Nov and you guys can download from the following link

http://www.tradersjournal.com/files/Forex_Journal.pdf

I hope you guys will find it useful.

 

 

Hi, all the masters,

 

May I know how you use the trailing stop in your Forex?

 

Thanks. 

 

Especially for those who have multiple trading accounts with different brokers, it is good to trade
a different favourite system (strategy), or test a new system, with each broker. 


In this way,  it is neater and and also less prone to trading errors...