Thread: Discuss all about FX open

Originally Posted by rebateFX

The $100 bonus is paid for from part of the spread. It really doesn't cost the company except in part of the revenue since the money came from you in the first place :)

That's clever :) Is there any way to be a part of it? Besides to be a client.

Originally Posted by rebateFX

Leverage doesn't really bother me as my money management is based on how much I'm prepared to lose, not on the percentage of margin I'm using.
I look at an intelligent stop loss level first, then set the trade volume based on how much in money terms I am prepared to lose on that trade.
Leverage just affects the margin cost to open a trade.

That's very close to the way Im doing it. I just think the high leverage is useless if it allows you to open a trade on a ridiculously small account.

yeahh, using high leverage with small amount can make you lose all of your funds (include deposit) in forex market. So, read the news and learn about technical analyze is important before you make decision on every trade. Maybe buy some book about forex is same as important as read news in any forex news daily website.

Is any trader there have recommended book for me ??

Originally Posted by Alizain

yeahh, using high leverage with small amount can make you lose all of your funds (include deposit) in forex market. So, read the news and learn about technical analyze is important before you make decision on every trade. Maybe buy some book about forex is same as important as read news in any forex news daily website.

Is any trader there have recommended book for me ??

I have a small collection of useful forex books at
The Official RebateFX Forex Forum - Free Forex Ebooks if you are interested :)

ok, rebateFX
i will check it and may download, any books which make i am interested.
thank's

Originally Posted by Alizain

ok, rebateFX
i will check it and may download, any books which make i am interested.
thank's

Few books that helped me in the past were books about psychology of trading. Try "Trading in the Zone" by Mark Douglas http://www.amazon.com/Trading-Zone-C.../dp/0735201447

A good overview of various trading techniques can be found in "Entries and Exits" by Alexander Elder http://www.amazon.com/Entries-Exits-.../dp/0471678058

Just not from fundamental and technical analyze, but psychology is one of important thing on forex trading, it will give you a clue which type or trader are you ?

on volatile moment, i think scalping is good to do now.

Originally Posted by Alizain

Just not from fundamental and technical analyze, but psychology is one of important thing on forex trading, it will give you a clue which type or trader are you ?

on volatile moment, i think scalping is good to do now.

Many successful traders would tell you, that psychology is more than 50% of trading :) In my case it's even more, about 60-70%.
And it's also closely related to how to react on volatile price action. Last few months Im trying to avoid scalping as much as I can, because it never worked for me hehe :)

Other person is other type of trader. that's a good decision to prevent the way which you can't use it. If any trader has force to use the method which they can't, it can make more loss in market.

So, trading with strategies is always better than trading just with luck.

GJ trend look is up now, so if we are trading for long term, maybe we can got some big profits with long at GJ.

see this news :

The Japanese yen remains generally weak today as global equity markets rally following strength in the US stock markets. Japanese Q4 GDP rose 0.9% qoq with annualized rate at 3.7%. Both are much stronger than expectation of 0.4% and 1.5%. The report today suggests growth in Japan is still robust but two issues undermine the strength of the result. Firstly, the stronger Q4 result was somewhat inflated by lower base effect in Q3, in particular considering the second downward revision. Secondly, the GDP deflator dived further negative to -1.3% which suggests that real GDP was inflated. Other data from Japan saw industrial production rising 1.4% mom, 0.8% yoy. Capacity utilization rose from 018.4 to 110.2 in Dec. Jan machine tools orders was flat. Anyway, the yen paid little attention to the data as focus carry trade and risk appetite/aversion are still the main driver in the currency.