AAFX Trading - aafxtrading.com

[Poinwan]

Yes, I did. So far so good. I’ve only made very few trades to provide a fair review on slippages. But what I definitely like is the attitude of support. I had a difficulty establishing connection in MT4 and we found the reason together. It had something to do with my firewall settings. Funding account was easy too. Spreads are as stated. No extra commissions and swaps as well.

 

[Hendadda]

Good to know! BTW if someone is interested, I contacted support and found out they don’t offer access to Indian stock markets )) Just in case someone was really interested, lol But what they really do have is the partnership program, when you kinda create your own brokerage within AAFX. They can create a special invitation link for you and everyone, who is trading with AAFX under this link will be considered to be your client, which means you will get commissions from AAFX for each trade they complete. Search “IB program” on their site if interested.

 

[Poinwan]

Thanks for pointing that out. I am a bit shy to start browsing the internet leaving my AAFX referral link everywhere. But I found out there is another option to participate in the partnership program. If any of you have opened AAFX live account due to my recommendations, in this case you should let me know. I’ll inform support that this particular registration e-mail was referred by me and I will get some bonus money on my account. So feel free to let me know

 

[Hendadda]

I surely will )) I’m a demo trader so far, but I do like AAFX so when I’m ready, I’ll PM you my e-mail address.

 

[Hulas]

Any news on your stock investments so far, Poinwan? I remember you wanted to buy Facebook and Google.

 

[Poinwan]

Not that many news. FB and Google are still too far from the desired support levels. The only long term trade I’ve made so far was buying some Alibaba. There was a strong buy signal on the 9th of October there.

 

[Deanna]

I hesitate to ask but what was the signal? Are you using somebody’s signals to trade or you mean there was some situation on the market that made you buy BABA?

 

[Poinwan]

No secret at all. I’m not sure I’ve mentioned that before, but I use technical analysis to trade all the instruments. Daily charts show me the trend. I use 4H charts to watch strong support and resistance levels. 1 hour charts are used to identify the perfect entry point with min stop loss.
Even though AAFX offers swap-free trading, I still prefer to wait for the best entry and apply stop loss to investments positions. They are leveraged, so I need to protect my investments.
On the chart below you can see that I’ve identified 163.90 to be a strong support level. There was a minor break through down on September 27th. I thought it could be false but didn’t get any prove to this theory. October 2nd BABA ghas the second attempt to go down, but sellers were not very strong. The price soon jumped above this major support level. I had a limit order to buy some shares on October 2nd at 164 per share, but the price did not retrace. After it reached first resistance, I had to cancel the order. In fact I was lucky that day, because BABA made a new local low on October the 8th. Again seller were very weak. As soon as price pulled back above 163.90 I bought it at market price. Broker did a good job and there was no slippage there.
Nearly turned gray when October 10th price has nearly hit my breakeven stop loss. So I’m still in BABA and I do have some hopes for major highs renewals.

 

[Hendadda]

Hey, Poinwan, we are all worried here about your BABA stocks.How is it going so far?

 

[Poinwan]

Thanks for asking. I closed half of my position on October 28th and I’m happy I did. The initial risk on this trade was around $50 totally. Whatever happens now, I've fixed $140 profit already and I’m still in with half of the position size. The second target was $185 per share, but I didn't sell any, cause price is moving so nicely upwards. Depending on how it goes around $185 level, I’ll be making a further decision about the stocks I've still got.
By the way, thanks for making me your referral. I’ve sent information on your e-mail address to support. Waiting for approval of bonus now.