Discovering FX Clearing Forex trading broker. Spread of 1 pip per trade for major pair is what make this broker very interesting. However, this fact valid for mini account only. No swap plus commission free trading condition score another goals for this broker. With my excitement, without furthur investigation, I decide to evaluate this broker by trading for demo.
Read more...Expecting GBP/USD pair to feed the bull after a long bearish trend on 5M time frame. Experimenting with Instaforex broker. Demo account with 25 points, duplicating the properties of InstaEurica account type to test the trade without any single technical indicator. It is very tricky to trade with this broker at first. No spread, but the commission for every trade make it very tricky to determine profits especially during scalping. As for Fxopen, Indicator balance hit 100 points while Scalp was staying easy above 3000 points. Live micro account gain +6 pips for GBP/USD long trade.
Read more...Scalp hit the target. Earning +50 pips is a good deal for the day. Not using FK3 (Forex Killer V3) for this trade. Will only go live after 2 January 2009. New demo account named Indicator was created, funded with 25 points. Leverage of 1:500 for this account, duplicating the property of Standard account. Scalp is having a very good day, with the balance of account approaching 2k.
Read more...The market at the end of the year is a little bit shaky. I have a new demo account named Scalp with 1000 points of starting capital. A new short position was opened for GBP/JPY using the Scalp demo account at 132.93 shooting 50 pips from the starting point in desired direction. Position was opened based on personal observation. FOREX Killer version 3 was ready for action. However, the tool is still pending for live trading.
Read more...All demo trading accounts eliminated. However, live micro account is moving forward. Harvesting some green pips before Christmas have reduce my deficit level. Not making any profits yet, but at least, I manage to rise up from the fall. Market closed for Christmas and new year holiday. Spread is growing 3 times higher than usual, but will return back to normal after new year holiday. It is best to avoid any trade until the holiday is over. Merry Christmas and Happy New Year 2009.
Read more...Available balance for MicroDemo is no longer enough to make any trade. Every time I leave any trading position, the result always turn into negativity. Now that MicroDemo was no longer available, new account named Paqkayuh was created. Using only Zigzag indicator as the guide, trading always failed. Scalping using 5M timing, chances to win big is too small. However, I managed to catch some PIPs for my real Micro account using 0.1 trading lot from GBP/USD pair. Three short trades to win a few cents. Well, better than nothing.
Read more...My Zigzag account at FXOpen is gone. This is due to the faulty operating system of my PC. Since I never saved my account details for demo, I have to let it go. Start up with something new, the same settings, I named my new practice account Micro Demo. This name symbolize my real FXOpen Micro account, which was just funded with USD10 via Liberty Reserved. So, my real micro account is now funded with 1000 cents of USD currency. Don't know what to do with my Payment2u account so far.
Read more...Zigzag is the name of my demo account at FXOpen. The settings of this account mimic the characteristics of Micro account with 1:500 leverage and 1000 initial deposits in term of USD cents currency. At first, good profits was in control. 5M was the chosen time frame to deal based on default zigzag indicator found inside MT4 trading platform. Scalping method was applied to catch the Pips. However, the last trade failed to catch the Pips. Putting stop-lost at the wrong place determined to be the reason for this failure. The balance fall to 995.41 from 1000 which is not really good for Zigzag.
Read more...Experimenting with Payment2u e-currency. New account was created and funded via Evogates an amount about USD10. Not much was known about Payment2u e-currency, and testing should be done to check this thing out. Exchange rate was lower than Liberty Reserved. So far, this stuff is working good. Will transfer the money into my trading account next week.
Read more...My Micro Account at FXOpen was finally funded with USD10 via Liberty Reserved. The amount funded credited my trading account with 1000 cent of USD currency. Liberty Reserved always be my preferred payment processor. MYR3.70 for USD1 via Evo Gates broker. I don't have any trading plan yet, but this is my preparation. This time, I will try my best to make profits and stay away from the other side. I may go slowly, but most importantly, my objective is to make profits at least a gain of 50% of my invested capital.
Read more...Meta Trader 4.0 is my favorite trading platform. I have my live Micro and Standard account with FXOpen. So far, I'm not making any profits, but end up losing my capital. Balance in both account was not enough to make any trade. Unless I fund it up, there's no way I will be able to trade. I've spent USD33 for my Standard account, and USD10 for Micro account. Using 1:500 as the trade margin for Standard account is equal to USD1 per PIP for 0.1 trading lot. Very easy to make huge profits, but much more easier to go into the opposite direction. Play big, win big, high risk.
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