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QW25071985 click here
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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kingfisher wrote:QW25071985 wrote:guru267 wrote:Anyone who is not a financial professional (financial professionals do not include brokers) cannot trade forex successfuly.. They can have plenty of lucky streaks but they always make a NET LOSS in the end... Just like a casino!
This is a fact not likely to change anytime soon please spare your ego some embarrassment by SHUTTINH THE HECK UP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.. so u want to say all those who trade forex around the globe are gambling.and some whose salaries from this 'gambling' can easliy make urs look like cheap change ( if indeed you have any).. Not everybody is cut out to trade forex but that doesnt mean you shld talk/write out of ignorance... Oh well i guess those who succeed in forex have the lucky number. Just stick to your cocoon in the n.s.e and leave big matters to the big boys !!!!!!!!!!!!!!!! @QW25....thank you again. this @guru fella is very discouraging. Remember to drop me an email please, you too @Ceinz. I am very serious in trying this FX business and hopefully will prove @guru very wrong. Forex is a place I will never put my foot again!
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Rank: Elder Joined: 4/9/2008 Posts: 2,824
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lovely2010 wrote:kingfisher wrote:QW25071985 wrote:guru267 wrote:Anyone who is not a financial professional (financial professionals do not include brokers) cannot trade forex successfuly.. They can have plenty of lucky streaks but they always make a NET LOSS in the end... Just like a casino!
This is a fact not likely to change anytime soon please spare your ego some embarrassment by SHUTTINH THE HECK UP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.. so u want to say all those who trade forex around the globe are gambling.and some whose salaries from this 'gambling' can easliy make urs look like cheap change ( if indeed you have any).. Not everybody is cut out to trade forex but that doesnt mean you shld talk/write out of ignorance... Oh well i guess those who succeed in forex have the lucky number. Just stick to your cocoon in the n.s.e and leave big matters to the big boys !!!!!!!!!!!!!!!! @QW25....thank you again. this @guru fella is very discouraging. Remember to drop me an email please, you too @Ceinz. I am very serious in trying this FX business and hopefully will prove @guru very wrong. Forex is a place I will never put my foot again! @lovely.... what happened dear?? When I have money, I get rid of it quickly, lest it find a way into my heart.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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@ Lovely and young, I hea u. A good no. of folks have lost a fortune in forex, thats right, but y. Most people rush into forex, thinking that its another get rich quick scheme in town. They learn the very basic and quickly rush into opening big trading accounts without understanding the risks, and after a few trades kabut, the account is blown. Picture blowing 10 K US Dollars, or worse still 10 K pounds. Alas! The fact that forex trading is a risky venture cannot be overstated, even proffessionals can attest. A good example is Bill Lipschutz, a veteran fxtrader who blew 12 K dollars that he had inherited from his late grandmother in the 80s. From this he learnt the importance of capital management and from then on his approach on any trade has been limiting possibility of loses rather than just looking at what he can gain. He now runs a successful hedgefund. Well back to my story up there. Newbies should first focus on education and experience. Then proceed to thoroughly test these skills on a demo. A live account, should only be opened when one is making money on the demo. Heck,you can't make money on a LIVE account, if u cant make it on the DEMO.My last point is: open the tiny-est account, about 250 US Dollars, then grow it pole pole. That way nobody will come to wazua screaming I LOST MY HARD EARNED MONEY , kwani the rest waliokota? Ask me about fx:: ceinz1@gmail.com“small step for man”
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Rank: Member Joined: 10/26/2010 Posts: 125
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I pity people like @guru267. Just shut-up.
Forex trading is not gambling. If you join thinkin you will get lucky and make a kill, let me give you free advise - u will lose everything!
Forex Trading is something that deserves commitment in terms of understanding skills. You have to be able to grasp strategies ( some complex & some simple ) and also be conversant with events happening in the financial market.
Risk levels are likewise very important. Most people lose because they trade recklessly. Its advisable to only trade what you are ready to lose.
Forex trading is a constant battle against our human nature of greed and fear.
@ QW25071985 , what do you think 'bout the Euro??? Will it maintain its current trend or it will strengthen??
I have some open positions, which am worried about.
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Rank: Elder Joined: 4/9/2008 Posts: 2,824
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more encouragement from @2 miles. thanks. now what platforms do you use for trading? and which is the best? Don't ask me based on what coz you are supposed to tell me. When I have money, I get rid of it quickly, lest it find a way into my heart.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Ceinz wrote:cnn wrote:
@Ceinz,about how many dollars would you be talking about here for such a return?
Depends on ur risk appetite/ capital management prowess. But lets say 6,000 to 10,000 USDS and above. I must be missing something. 10k USD = 900kshs, with a return on 200khs. do usd/gbp really have 1-day volatility of 2/9 = 22%. even zim dollar was not doing that A bad day fishing is better than a good day at work
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Rank: Elder Joined: 4/9/2008 Posts: 2,824
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StatMeister wrote:Ceinz wrote:cnn wrote:
@Ceinz,about how many dollars would you be talking about here for such a return?
Depends on ur risk appetite/ capital management prowess. But lets say 6,000 to 10,000 USDS and above. I must be missing something. 10k USD = 900kshs, with a return on 200khs. do usd/gbp really have 1-day volatility of 2/9 = 22%. even zim dollar was not doing that @StatMeister Its called leverage. I have been reading the basics, so I should know. Ama aje veterans? When I have money, I get rid of it quickly, lest it find a way into my heart.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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@ Stat, don't really get what u r saying. Anyway as rightly pointed out by pipfisher, er sorry Kingfisher, its all about leverage. where u are making money out of very tiny units of a currency movement vis-a-vis another. In the case of GBP/USD a pip, is 0.0001. In this pair you would be making/losing approx. 10 USD, per pip movement when ur trading 1 lot (leverage/ position size). “small step for man”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Learning forex (technicals & fundamentals) is easy.
The hardest part is managing your emotions of GREED and FEAR.
Thats why one of the most successful traders are engineers.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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Ceinz wrote:@ Lovely and young, I hea u. A good no. of folks have lost a fortune in forex, thats right, but y. Most people rush into forex, thinking that its another get rich quick scheme in town. They learn the very basic and quickly rush into opening big trading accounts without understanding the risks, and after a few trades kabut, the account is blown. Picture blowing 10 K US Dollars, or worse still 10 K pounds. Alas! The fact that forex trading is a risky venture cannot be overstated, even proffessionals can attest. A good example is Bill Lipschutz, a veteran fxtrader who blew 12 K dollars that he had inherited from his late grandmother in the 80s. From this he learnt the importance of capital management and from then on his approach on any trade has been limiting possibility of loses rather than just looking at what he can gain. He now runs a successful hedgefund. Well back to my story up there. Newbies should first focus on education and experience. Then proceed to thoroughly test these skills on a demo. A live account, should only be opened when one is making money on the demo. Heck,you can't make money on a LIVE account, if u cant make it on the DEMO.My last point is: open the tiny-est account, about 250 US Dollars, then grow it pole pole. That way nobody will come to wazua screaming I LOST MY HARD EARNED MONEY , kwani the rest waliokota? Ask me about fx:: ceinz1@gmail.com  Im tired of explaining this to folks! Thanks @ceinz. We need to talk themerchant7448@gmail.com
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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 “small step for man”
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