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Realities of Forex Investment
kingfisher
#261 Posted : Monday, September 08, 2008 10:48:00 PM
Rank: Elder

Joined: 4/9/2008
Posts: 2,824
which is the best online forex trading company? And why so? I have been thinking of joining forex.
When I have money, I get rid of it quickly, lest it find a way into my heart.
CN
#262 Posted : Monday, September 08, 2008 11:51:00 PM
Rank: Member

Joined: 9/8/2008
Posts: 2
Hi all,my name is Ngaara and just joined SK. I am a Referring Broker for FXCM and GFT. I have noticed my name mentioned in this forum as having conned some person called &quot;Mozenrat&quot;. First and foremost,I would like to make it clear here that I do not manage clients funds even though I do have the capacity and mandate from both firms to do so. My role is simply to market services offered by both firms. Secondly,I DO NOT collect funds from the public. I do give clients tips on money management/risk management. For clients looking to have their accounts managed,I do refer them to traders who have shown a good understanding of the FX market,but I would like to point out that any arrangement entered between an investor and the trader (fund manager) is entirely between both parties. It would only be fair if &quot;Mozenrat&quot; could first and foremost disclose his/her actual identity,or better still,the moderator of this forum should insist on pple like Mozenrat refraining from referring direclty to an individual if they themselves are hiding behind nicknames,otherwise this will turn an otherwise beneficial forum into a mudslinging forum.

CMN
NGAATU
#263 Posted : Tuesday, September 09, 2008 12:17:00 AM
Rank: Member

Joined: 5/6/2008
Posts: 107
@Ngaara

Its bold and wise you came out to dispel the stories written about you in the forum.I am the one who initiated the discusion and mozenrat himself also replied some times ago and rectified that he was not &quot;conned&quot; by ngaara but a person called Andrew njoroge kangara and he confirmed.So if your name has been misrepresented i am taking this opportunity to apologise.THis forum is to help one another so that guys cannot be fleeced out there,i stopped mentioning names but there are guys out there,so if anyperson is duped he himself can have the right to discuss or air the views and we feel if a person has been injured then let him name the person,and the person himself should come out clean and defend himself.

Here in this forum we will continue to uphold the standards but cannot stop people from mentioning names.But we will continue to brief the public on the facts and help them to have wise decision.

@kingfisher please start getting on the babypips and the website which you have been advised by my colleague tonicasert which he described it earlier.And then you can ask questions where you feel you are not satisfied and we will be ready to help you all here in this forum.

@passyson you were right man,i tried and scooped 15 pips haraka.Thanks

@NGAATU
Passyson
#264 Posted : Tuesday, September 09, 2008 12:44:00 AM
Rank: Member

Joined: 8/8/2008
Posts: 97
@Ngaatu...that's good to hear. I am doing 10 lots for particular currency pairs that i am absolutely sure about (trending environment)...like the EUR/USD pair on 10 lots has given me good profits...same as AUD/USD pair.

For other currency pairs like Kiwi based...i am going on 6 lots...that way,my profits margin are wider.

What i will be doing is letting guys know which pairs i can see trending for the next 1 hour and as such will be entering on 10 lots. Would not advise anyone else to do so if they do not have at least 5,000USD in their accounts...one might get a margin call.

Am currently short AUD/USD ...been doing it in spurts of 1 hour..entered at .814170 and i think i will use a trailing stop on this one coz i need to go out for a while..

Good evening all and a pleasant usiku.


Anyone who lives within their means suffers from a lack of imagination
CN
#265 Posted : Tuesday, September 09, 2008 1:21:00 PM
Rank: Member

Joined: 9/8/2008
Posts: 2
Thanks for clarifying this matter Ngaatu. Look forward to making whatever contributions/advise I can esp on the FX scene and CFDs. For those not familiar with CFDs,try find time to research on them,quite exciting.

CMN
Passyson
#266 Posted : Tuesday, September 09, 2008 3:08:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
Morning all

Gone short AUD/USD,10 lots @ .811050...will keep you updated


Anyone who lives within their means suffers from a lack of imagination
Passyson
#267 Posted : Tuesday, September 09, 2008 4:12:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
Also gone short EUR/USD @ 1.413170 and AUD/NZD @ 1.206980...i am looking at 15-30 pips in both cases.

Happy Trading.

PS/ first time to use Google chrome in posting...wonder how it will turn out!

Anyone who lives within their means suffers from a lack of imagination
tonicasert
#268 Posted : Tuesday, September 09, 2008 4:25:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Hi all,

Shorted GBPUSD at 1.7580,targetng 1.7535-40 levels. Am not very comfy with the tightening ranges.

GL and GT
Passyson
#269 Posted : Tuesday, September 09, 2008 4:58:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
Exited EUR/USD and AUD/USD @15 pips and 31 pips profit levels respectively...waiting to see if AUD/NZD S/L will be hit

Anyone who lives within their means suffers from a lack of imagination
Passyson
#270 Posted : Tuesday, September 09, 2008 5:55:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
AUD/NZD T/P realised @ 15pips...the morning trades have been good.

Will do one more trade in the next hour and then chill out for the NY session @ 4pm

Anyone who lives within their means suffers from a lack of imagination
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