Investment

last SG · 2010-02-16T02:19:16+00:00

Trading gives us lessons not only about what to do or not to do next time in a trade, but also life lessons about personality traits that could improve the...

BadzMaro SG

Maybe I should get into forex trading too eh.

but I dont think I can spare the time for it though.So i guess not. lol

eagle SG

I dun like forex trading, not at the moment.

It's fun to discuss, not fun to embark on for me.

Rooney9 SG

Yah. That was my fault, partied too much over the weekend and screwed the entire week.

What to do? Bo pian lorh continue. I not trading today. Not till next Wed.

Parents both go overseas till the 28th. So no forex on their side either.

you didnt read or keep track of the weekend news lar. wekend kept on saying EU will rush for the rescue package before the asian markets opened on monday morning. if you are dealing with forex, its important to read financial news everyday, good if you have CNBC or Bloomberg on cable so that you watch it everyday.

Just_do_it_lah SG

My equity portfolio can fluctuate between 1k to 8k a day, depending on the volatility of STI.

I just ride it out. Concentrate on other aspects of my life.

Nothing beats a good night sleep every day.

Well, for equities.. normally i don't normally bother too.. Keep for next generation.. hehe

just check the closing prices... (unless on big fluctuations)...

As romanista2001 SG

the news are the banks' ammo...................

they are the ones pushing/dumping stocks which influence forex as well as commodities and they will say anything they want...............

e.g. why stocks go down when company announce profit rise ? the banks sold it after they pushed it up and then they say the market has already priced in the good news before announcement...................when company stock price go up after big loss, they can claim the losses not as bad as expected...............

the thing is retail investors accountfor very little influence in the stock market, most of the buying/seling volume controlled by banks and hedge funds.....................see how many retail investors actually put their money in unit trusts, etc..................

all the markets are manipulated by the big banks and funds...................''normal'' retail investors are like fleas on these big dogs...................no impact at all..........

Fryderyk HPH SG

True true.

That is for the USD side. But I've yet to find a good source of info besides some friends based in Europe(Greece, Germany, Switz) who beam info to me thru email(by the min)...

I cannot believe I have to turn to Deutsche Welle for the €uro side. Anyone knows of good €uropean sources?

Rooney9 SG

True true.

That is for the USD side. But I've yet to find a good source of info besides some friends based in Europe(Greece, Germany, Switz) who beam info to me thru email(by the min)...

I cannot believe I have to turn to Deutsche Welle for the €uro side. Anyone knows of good €uropean sources?

CNBC and bloomberg afternoon mon-fri are from europe, as they are just about 8 hours from us.

anyway it is good to read news (ST Money and BT) and news magazines (Newsweek, Time Magazine) for coverage of the Greece debt contagion thingy and also to listen go gurus like Jim Rogers, Noriel Roubini, Joseph Stiglizt, Paul Krugman etc for their explanations and commentary on this.

Just_do_it_lah SG

Well, fundamentalists read all financial news, follows economic indicators, and companies quarterly reports...etc

Chartist read charts and movements indicators... '

Therefore, Fryderyk likely a technical (charting) analyst ( May the Force be with you )...

Pleasant weekends....

As romanista2001 SG

just bought a little aud/usd..................hope the Dow won't get me this time !

well, the Dow got me that time round on the Aud/Usd but managed to get out with less than 10 pip loss.............

on Friday, sold the Nzd/Usd and the Dow cooperated by going down................i'll hold on to this long term as the Dow might now be resuming it's long leg down maybe to below 6200 pts ....................see if i can get over 2000 pips out of this one............LOL..........LOL..........

Fryderyk HPH SG

CNBC and bloomberg afternoon mon-fri are from europe, as they are just about 8 hours from us.

I've been tuning in to Deutsche Welle(DW TV) over the past few days as Germany is the core country loaning to Greece the important €€€ to backup its finances.

Still am learning, hahah!!!

Fryderyk HPH SG

Well, fundamentalists read all financial news, follows economic indicators, and companies quarterly reports...etc

Chartist read charts and movements indicators... '

Therefore, Fryderyk likely a technical (charting) analyst ( May the Force be with you )...

Pleasant weekends....

Hahahah I only do charting for two currency pairs, €UR-US$, and GB£-US$.

Now mostly I read reports from my friends beaming info over from €urope. It's hard being a "fundamentalist" too you know, cause currencies don't always go the same way when something prompts it in one direction.

I've recently got some info about the CHF(Swiss Franc). Apparently it looks low on the CHF-USD scale, with it trading 0.90av$ to the CHF. Hmmm... A rebound looks imminent. It went 0.98av$ to the CHF last yr.

Fryderyk HPH SG

well, the Dow got me that time round on the Aud/Usd but managed to get out with less than 10 pip loss.............

U seem more experienced with the currencies in the Southern Hemisphere against the US$ pairs? What do you say of the NZ$? Haven't touched that one in a damn long time.

Rooney9 SG

moreI listened to Jim Rogers. he said the fundamentals of these countries are very bad. how can you solve the debt crisis by pumping in more debt, just like continuing giving the drunkard more whisky and beer. it will flood the market with liquidity in money market, stock market, commodities etc etc.inflation will be very high in future.

Rooney9 SG

U seem more experienced with the currencies in the Southern Hemisphere against the US$ pairs? What do you say of the NZ$? Haven't touched that one in a damn long time.

the fundamentals at Australia and NZ are much much better shape than the US. Australia is the only country in the world to raise rates when the rest of the world is cutting interest rates. the US, like Greece and also UK, are heavily indebted. this cant go on forever.

Just_do_it_lah SG

Hahahah I only do charting for two currency pairs, €UR-US$, and GB£-US$.

Well, it is great to know that you plot your own charts...

When i 1st started in the Futures Trading Industry, ( way back to early 90s ) when

Prices Providers don't provide charting... we basically have to do up our own charts... Either by bar charts or Japanese Candlesticks for Day charting. As for intra-day, we plotted the X-O (point & figures) chartings..

Go ask around the more season traders.. plotting your own charting do helps... you can do the Trend lines, Fibonacci Ratios, 45c lines..

Did many charts in my life... stopped charting (after it breaks US$600 per oz) Loco-London Gold (break away from my graphs. lol).

Rooney said you didn't listens to news... that's why i knew you are a Technical guy (more on charting)...

In truth facts, knowing both is an advantage.. basically, need to know "when" are the economic indicators, the FOMC, ECB meetings... unemployment figures (this is easy, 1st Friday of the month for USA)... hehe.

Just_do_it_lah SG

I saw this somewhere. Might be useful for you to recoup your loss:

Go eagles go...

I use Stochastic too.. pretty helpful, but on diff perimeters.

As romanista2001 SG

U seem more experienced with the currencies in the Southern Hemisphere against the US$ pairs? What do you say of the NZ$? Haven't touched that one in a damn long time.

Nzd/Usd more worthwhile than many pairs mah...............worth more per pip.............buy, the swap not bad...........if sell, the negative swap not as bad as Aud/Usd.............

aiyah nowadays apart from the Euro, all the USD and JPY pairs same lah..............all go the same way..........most of the time just follow the Dow................

qilun SG

hi everyone, i was on currency trading for two yrs fm may 08 n i busted two 10k account in the first yr, now i felt i know abit to share so anyone keen to talk about it???

im doing both intra day n swing trade now, for intra day i trade 5dollar per pip with a s/l n tp at 20pips range, most of e time 2 to 5 trade per day.

as for swing trade, quite hard to say sometime not a single trade for a month, and once into it, will stay in e trade like 2wk to 2mth time, depend on market price action.

i trade only one pair n that is pound/yen.

eagle SG

I still prefer my chapalan style of dividend investing. It gives me more time to do other things. Currently reached 9k p.a. in divvy, with some spare firepower ready.

Fryderyk HPH SG

Nzd/Usd more worthwhile than many pairs mah...............worth more per pip.............buy, the swap not bad...........if sell, the negative swap not as bad as Aud/Usd.............

aiyah nowadays apart from the Euro, all the USD and JPY pairs same lah..............all go the same way..........most of the time just follow the Dow................

Stopped Forex since late May and handed the account back to my brother.
Streak of bad "bets" since.

Even now, recovery is not certain.
My brother's latest plots are complete jokes.
And so are mine

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