By azrulahmad at 2010-09-05
ada sesiapa yang pernah terkena scam cam ni tak? ianya akan merujuk ke sini
jika ada kita boleh berkongsi sama-sama benda ni. TQ:(scam ]]>
1. Low start up capital
Most forex traders start out looking for a way to get out of debt, or to make easy money. It is common for forex marketing to encourage you to trade large lot sizes and trade highly leveraged to generate large returns on a small amount of initial capital. You must have some money to make some money. It’s possible for you to generate outstanding returns on limited capital in the short term. However, with only a small amount of capital and outsized risk, you will find yourself being emotional with each swing of the market and jumping in and out and the worst times possible.
Solution:
People that are beginners in forex trading should never trade with only a small amount of capital. This is a difficult problem to get around for someone that wants to start trading on a shoe string. $1000 is a reasonable amount to start off with, if you trade very small. Microlots or smaller. Otherwise you are just setting yourself up for potential disaster.
2. Failure to manage risk
Risk management is key to survival. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.
Solution:
Use stops, and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.
3. Greed
Some traders feel that they need to squeeze every last pip out of a move. There is money to be made in the forex markets every day. Trying to grab every last pip before a currency pair turns can set you up to lose the profitable trade that you are sitting on.
Solution:
It seems obvious but, don’t be greedy. It’s ok to shoot for a reasonable profit, but are plenty of pips to go around. Currencies move every day, there is no need to get that last pip. The next opportunity is just around the corner.
4. Indecisive Trading
Sometimes you might find yourself suffering from trading remorse. This happens when a trade that you open isn’t immediately profitable, and you start saying to yourself that you picked the wrong direction, and then you close your trade and reverse it, only to see the market go back in the initial direction that you chose.
Solution:
Pick a direction and stick with it. All that switching back and forth will just make you lose little bits of your account at a time.
5. Trying to pick tops or bottoms
Many new traders try to pick turning points in currency pairs. They will place a trade on a pair, and as it keeps going in the wrong direction, they continue to add to their position being sure that it is about to turn around this time. If you trade this way, in the end you end up with much more exposure than you planned, and a terribly negative trade.
Solution:
Trade with the trend. It’s not worth the bragging rights to pick one bottom out of 10 attempts. If you think the trend is going to change and you want to take a trade in the new possible direction, wait for a confirmed trend change.
6. Refusing to be wrong
Some trades just don’t work out. It’s human nature to want to be right, but sometimes we just aren’t. As a trader, sometimes you have to just be wrong and move on, instead of clinging to the idea of being right and ending up with a blown account.
Solution:
It’s a difficult thing to do, but sometimes you just have to admit that you made a mistake. Either you entered the trade for the wrong reasons, or it just didn’t work out the way you planned it. Either way, the best thing to do is just admit the mistake, dump the trade, and move on to the next opportunity.
Source: FOREX TRADING l FREE FOREX TOOLS l FOREX INVESTMENT ]]>
Quote:
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Thursday September 2, 2010 Global FX trade jumps to US$4 trillion a day Survey shows transactions on global currency markets up 20% from 2007 LONDON: Trade on global currency markets has jumped by a fifth over the past three years to US$4 trillion a day, roughly equal to the annual economic output of Germany, a major central bank survey showed on Wednesday. The three-yearly survey by the Bank for International Settlements (BIS) showed growth driven by the rising power of hedge funds, insurance firms, central banks and other non-bank financial institutions while ease of trading over electronic platforms has enhanced the appeal of retail trading. The survey also showed London has further cemented its prominence as the centre for forex markets, with investors undeterred by the financial market turmoil and troubles in the banking sector that erupted in the autumn of 2008. The increase in volumes was driven by a 48% jump in turnover of conventional spot transactions, BIS said in the survey, which is watched closely by banks and institutions as a comprehensive snapshot of currency market trading. Growth in the spot market partly reflects the continued rise of algorithmic trading, where so-called black boxes can process thousands of trades a minute. The BIS survey, in which 53 central banks and monetary authorities participated, showed transactions by once-dominant interbank dealers were surpassed for the first time by nonbank institutions like hedge funds and central banks. “FX remains a very fertile environment and the number of participants and types of participants has grown,” said Alan Bozian, CEO of FX settlement system CLS Bank. The dollar remained king but the share of trading that involves it continued to wane from a 90% peak reached in 2001, from 85.6% in April 2004 to 84.9% in April 2010. The fall benefited the euro, other G10 and emerging market currencies. The survey provides the first snapshot of the currency markets since the 2008 financial crisis. It reflects a period that saw the end of the boom in the carry trade – where money is borrowed in low-yielding currencies to fund higher yielding investments – followed by a substantial unwinding of it. The share of the low-yielding yen and the higher-yielding Australian dollar therefore rose as a percentage of all transactions. Because two currencies are involved in each transaction, the sum of the percentage shares of individual currencies totals 200% instead of 100%. Euro/dollar remained the most dominant currency pair with a 28% share, followed by dollar/yen with a slight increase to 14% of turnover. The sterling/dollar pair continued to retreat from its peak in 2004 to a 9% share, about the level reached in 1998, prior to the euro’s inception. The overwhelming majority of currency trading continues to occur in Britain and the US due to the depth of their markets. London maintained its title as the world’s currency trading hub in 2007-2010 as the share of average daily turnover in the UK rose roughly by a quarter to US$1.9 trillion. That was more than double the turnover in the US, the No. 2 centre. The BIS survey also showed turnover jumped in Japan, which nudged out Singapore and Switzerland to take the No. 3 spot. The over-the-counter derivatives market also saw strong growth, with daily turnover 24% to US$2.1 trillion. This was due mainly to growth in forward rate agreements – under which investors can swap fixed interest rates for floating interest rates – which jumped by 132%. In contrast, interest rate swaps turnover was mostly unchanged in the major currencies, while turnover in interest rate options fell slightly in most currency denominations. The BIS plans to publish in November detailed results of April 2010 activity, as well as positions as at end-June 2010 on foreign exchange instruments. — Reuters |
A trading plan is essential for success. It is utterly impossible to succeed at trading without a concrete plan. The following are suggestions, some general, some specific, that I think will help traders achieve their goals.
GENERAL POINTS
• Homework:
The study of specific scripts and their relationship to the overall market is essential. It is suggested that the trader work at least one hour outside of market hours on familiarization with scripts that could be traded the next day. As time goes on, the trader will have greater understanding of the widely traded scripts, and will be able to better judge information for potential opportunities. Weekends require at least 2-3 hours of study to setup for the following week. The trader should be prepared to spend a minimum of 10 hours a week outside market hours on this planning and study.
• ]]>
buka thread hedging bukan bermakna sya nk mengajar org..tp meminta sedikit sbnyk ilmu pada trader2 sekalian utk dikongsi bersama-sama.......
ramai trader yg tak suka Hedging, tp ada pulak yg suka..
saya antara golongan yg suka Hedging...bergantung pda teknik apa yg kte nk gunakan......
korang sume msti penah dengar teknik MNTOP kn??
so far aku dah kaji teknik tu MEMANG BAGUS SECARA LOGIKNYA...(maaf pd owner teknik ni,sya bukan nk bincang teknik tu secara terbuka, tp nk mengatasi MASALAH HEDGING :((:(( )
so, papepon, aku nk buka dlu pool nk tngk sama ada korang suka hedging or tak..nk buat survey dulu b4 kte further kn.. heee :) tngk ramai tak yg berminat........ ]]>
need opinions.
thanks in avance ]]>
ROI 1700% in 35 days trading ... :((:((:)):))
sapa da try..meh cni share..
tgh surf tenet terklik plak iklan nih..:p ]]>
This will be a hugely informative course. It is suited to both beginners and advanced trading levels.This is not a get rich quick scheme but during the week you will learn everything you need to know to become a successful forex trader. If you cant make this they will let you know about upcoming forex courses when you sign up for updates.
The training company have also tied up a a deal with a leading spread betting company who will give people a free 120 dollars when they open an account and start actually trading with their new skills.The spread betting company is happy to do this as people who undergo good training are more likely to remain as customers. It costs the spread betting company much more to get new clients than 120 euros so they are satisfied with the deal.Please note the two companies are different.One simply trains.The other is for the actual trading and is a leading financially regulated company.You are under no obligation to use the trading company after your free course.But should you wish you can benefit from the free cash towards your trading.Full details are given to attendees of the Free 5 day course.
So I hope that helps people who might be interested in learning how to trade forex but did not know where to start.
Topics covered are as follows:
Day 1 Types Of Analysis, Types Of Charts
Day 2 Candlesticks And Trends, Moving Averages
Day 3 Support And Resistance, Pivot Points
Day 4 Putting It All Together
Day 5 The Swing Strategy Trading Plan
You can register for the free forex course on the
website forexrepublic(dot)info ]]>
Cuma aku nak tanya kepada warga forex, adakah ada kesan sampingan kepada pemain forex jika penggunaan dinar di perluaskan dan penggunaan matawang dollar dan matawang lain tidak lagi relevan di gunakan lagi pada masa akan datang. aku cuma ingin tahu dan penggemar forex pun ingin tahu juga... ]]>