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Forex Junction

Hi Light8,  mini account equal with standard account, but using Mini account, you can't trade a lot of minor pairs, and cross currency.  But, for a beginner, it doesn't matter. 

Focus on Major Currency, they will give you a lot more than other pairs.

EUR/USD       GBP/USD         USD/CHF         USD/JPY

Using this four pairs, you will have enough pips every month. 

 

Hi,

If you play mini account is there any disadvantage compare to playing standard account ? Is the commission or speads much higher ?

Thanks

 

TABBYKAT

 

THANK YOU VERY MUCH

 

ok. got it .thanks !

: )

 

 

light8,

IGMarket has great charts.

Saxo has trailing stop feature

Cheers

 

i just keep clicking around the line till u selected it and press del

 

not much different. just check the pips spread for each

 

Hi everybody,

which one is better when opening a forex account SAXO or

IGmarket singapore ?

thanks for all your help

 

 

 

Go to esnips.com, type in the words "easy forex"

and read this ebook for yourself.

Cheers.

 

ANy one using EASY FOREX ? ANY COMMENDs    ?

thank you.

 

thank you very much cashiertan !

but i find that it deletes in sequence (ie 12345 .. 54321 ..last in first out ) .. how about selective delete ..ie. jumping the sequence (eg remove 2 and 4 while keeping the rest ) ?

 

backspace

 

InterbankFXTrader4-Demo :

is it possible to "erase" the trendlines that we have drawn on the charts in the above (like the erase feature in chartnexus) ?

if so , how ?

thanks  :  )

 

 

Last article ? awww... very sad .. : (

was actually looking forward to many more juicier and meatier articles on forex ....

....sigh....

anyway, lets hope the last article is really power-packed ...and punches real hard .. hahaha !

 

Thanks for your support baseerahmad.  I will share one last article.  Will have no time to write long article .. will be busy and focus on my trading.   

 

hahaha !

Congratulations !

Master techsys .

 

Thanks guys for your votes ... I have Master Degree now .. I will have more confident to talk

 

.. had done the paper trade without the FA , just pure TA ... now i realise that i need to incorporate FA for better analysis .. : )

 

 

techsys,

your last 2 articles gives me more confidence .. without realising it seems i had been using ur points to do the paper trade (posted in fellowhip thread) ... just can't wait to see ur other articles ... to confirm my understanding .. :  )

 

 

Brother .. vote please

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Today market is not moving a lot.  Without any significant fundamental news, we still can follow yesterday support and resistance. 

Yesterday support is 107.20 (double bottom), resistance is 108.16 (double top).  The range is still normal 96 pips difference.  Please follow this chart bellow.



Now we are trying to set entry point, exit point, and stop lost.  After we can identify today trading area (107.20 - 108.16), we identify our entry point (EP). 
Remember this is available only if there is no significant fundamental news is coming.  So, you still need to check market schedule at least 1 week around. 

TA that I will share today is using Fibonacci band.  In Fibonacci there is band.  Base on math theorem, it's believed that Fibonacci has relation to almost every pattern in the nature.  Please search about this pattern on this page; I won't explain a lot here. 

For Long trade, you need to put 0% at the support level and 100% to the resistance.  So in our example we have 107.20 (0%) and 108.16 (100%).  I show the signal on the next picture.



At the other side, you put 0% at resistance and 100% at support.  So we have 108.16(0%) and 107.20(100%).  Follow this next picture as reference.




You will have 5 area are split.  As I mentioned before we only allowed having 5 to 12 pips.  But if you already fluent with market news, you actually can earn 5 to 25 pips each transaction. 

Here is the important thing:

Entry Point (EP) is when the price is touch area 0 - 23.6%.   I usually get its middle price.
Target Point (TP) is the area between 38.2 - 50%.  (I usually take 38.2%)
Stop Lost (SL) is the area after (SHORT) / before (LONG) 0%.

The real case is, this morning around 10 to 11, there was an opportunity to short.

USD/JPY SHORT 108.02 OPEN
USD/JPY SHORT 107.79 CLOSE
We earned 23 pips.

Here is the picture to make it clearer.  (The blue lines show the EP and TP)




Remember ? always check fundamental news and market trading time.  If there is fundamental news is coming, trading area will shift up/down making new support and resistance.  This will reset our trading parameters. 

We can use this technique, because there is no significant news until now. 
Watch out .. there is another opportunity is coming ...   .. Happy Trading