This blog is totally free forex guide for forex trader. If you are forex newbie, it is very useful for you to read from beginning. If you are forex trader you can try my indicator. I also welcome you to discuss with me about your indicator. I was indicator tester and only recommend you the best. You can email me at : lumpakis@yahoo.com

Thursday, June 26, 2008

e-bullion not available now

Marketiva do not receive deposit from e-bullion temporary causes by some technical problem. You can deposit your fund using other alternative web money, liberty reserve or e-dinar.

For those from Malaysia, you can use e-dinar (malaysia merchant) as well. :-).

Tuesday, June 24, 2008

How to begin your forex trading

Opppsss... I have show you my indicator in my last post but still not teaching you how to start your forex account. My mistake. I know many of you still thinking that all of this stuff or forex stuff didn't make any sense to you. Im telling you that all this will not make any sense to you unless you start trading. I know and i know that all newbie have no idea how to start. I also experience that before.:-).

This is what i do. First i open my account in www.marketiva.com .Marketiva is the best forex broker that i recomend to you. There are many other broker that offer their trading platform for you such as FXCM, fxd24, ibfx and many more

When you register in www.marketiva.com , you need to download marketiva trading platform. It really easy. What you have to do is follow the instuction. Then you have to install them inside your computer. They (marketiva.com) also will give you 5 dollar free for you. (i know some friend who have make his 5 dollar to 75 dollar in 2 weeks). They are also give you 10k dollar virtual money for you to training.

Register now: www.marketiva.com

After you install your trading platform, you can explore your platform. It really easy. Other feature that i like in marketiva is you can chat with other trader and ask them where the current market heading. I learn a lot from them. The only thing that i dont like in marketiva is the charting option is too small. So, i use metatrader to see the chart.

You can download met4 here: Metatrader

Next step is to deposit your money to marketiva.
There is many way for you to deposit you money to marketiva. I use e-bullion to deposit my money.

Register you e-bullion.

For my friend from Malaysia, i am using www.myegoldx.com as my third party to deposit my money to e-bullion. You can trust this website since i have deposit and withdraw my money from it many times.

Deposit e-bullion: www.myegoldx.com

Happy trading. :-).

spread?

Someone have ask me this:
Why when i enter my position, my postion will begin with negative?

OMG.. What happen? Why it is red? Oh no!! It cant be like that... (O*O) Just kidding. Yes my friend. When we enter our position, our position will alway negative. That is what we call spread. Spread is depends on movement between the pairs. The higher spread in forex is GJ -8 and the lowest EU -2. Other pair is always -4 such GU and AU. The broker take our spread as their servis charge (hehe we can say that :-p) so to get our profit, we challenge that spread and get greens pips.

So dont worry friend. If you open your position there is always begin with some minus red pips (spread)

Where? When? What? How?

This is some popular question that my friend have ask me:

1.)Where to trade?
2.)When to trade?
3.)What to trade?
4.)When to open the position?
5.)Where to place the stop loss order?
6.)When to close the position?
7.)How much money to trade in each operation?

So this is my simple answer for that popular question:

1.)Marketiva platform (www.marketiva.com)
2.)Forex market is open 24 hours a day from monday to friday. You can trade anytime you want. But the best time to trade is when both currency open overlap. For example : The best time to trade Gbp/Jpy is Japan open (close) and Great Britain close(open) in Malaysia (+8 GMT) is at 5pm. (7am).
3.)I trade in all currency fo 4 hours timeframe and scalping on GJ, GU and EU intraday.
4.)When my indicator say yes. I not open my position 1 hour before and after high impact news on any currency.
6.)I never put my stop lose since i have big margin call.
7.)I put my trailing stop at 50 pips, 100 pips, 150 pips, 200 pips, 250 pips and ......
8.)I just use 10% money management for all currency not 10% for every pair.

:-). Enjoy your trading

Saturday, June 21, 2008

My simplest setting

This is my simple MA setting and i get a lot of green pips from it. Originally, I just using MA when i trading for this system. But, after i have improve it by adding rsi and stoch setting to scalp on this system. I open 2 position for this setting. Major position for trading on SMA signal and minor position for scalping using Stoch. Im using time frame 4 hours, tf4 for this system. I look my stoch to see overall trend at daily tf. CCI for comfirmation of overbought and oversold. It was 90% working on GU and GJ pairs. I dont use this system on other pairs, just on GU and GJ. So this is my setting :

First EMA (red) : 50 EMA
Second EMA (blue): 13 EMA
Third EMA (yellow): 4 EMA
Stoch 1 : 5,3,3
Stoch 2: 14,3,3
CCI (14)

Major:
Buy position : wait blue ema cross up red ema follow by yellow ema and enter your buy position
Sell position : wait blue ema cross down red ema followed by yellow ema and enter your sell position
Close position : close your sell (buy) position when blue and yellow ema cross again red ema.

Minor:
Buy when major trend is up and close when the stochastis 5,3,3 overbought
Sell when major trend is down and close when the stochastich 5,3,3 oversell
Dont sell (buy) when major trend is up (down)

Gbp/Usd
Photobucket

Gbp/Jpy
Photobucket

I like tf 4 because i dont need to sit infront my laptop for 24 hours. I can go out and enjoy myself. :-).

Download your template : Simples 4 hours
Download your ebook : Simples 4 hours

Trading on you own risk.
Peace to the world.