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mohsinqureshii

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Posts posted by mohsinqureshii

  2. Posted

    I keep reading of scenarios where someone has lost say $8000 on a trade gone bad or they ve got too greedy and i m puzzled as to why they just didnt use a simple stop to lock in profits?

     

    Also why do people use mental stops rather than ones set with a broker ?

     

    Stops seem to be the best defence a trader has at protecting their principal, nothing to lose yet plenty to gain

     

    People are hesitant of taking stop losses as they think if they if they will take a stop loss they will realize their losses and floating losses are not the actual losses and this is not because of their greed but the emotional attachment with the markets and thinking of the markets will always move their own way ;-)

  3. Posted

    Hi,

    I am new to trading futures. I got some questions.

     

    1- when a broker says: "Emini Futures ONLY $3.00 per side." what does it mean?

    I have to pay to go long or short. But if I close the position I have to pay the commission again?

     

    2- How long does it take to process an order? I tried a demo and it seems that the order is instantaneous . Is the trade entered that quickly in a real account?

     

    3- How long do i have to keep a trade open before I can close it?

     

    Thank you.

     

    Your answers

     

    1- 3 $ per side means when you buy the broker will charge 3 $ and when you sell you will be charged 3 $ again. The round turn commission would be 6 $.

     

    2 - You can enter and exit in the market within a minute. It depends how you wanted to trade - yes it will work as it does on demo accounts.

     

    3 - There is no time frame to close the trade if you are having enough margin to hold the trade.

     

    Happy Trading !!!

  4. Posted

    I am new to FX trading, trying a demo account.

    I want to try one more demo account from another broker. My question may sound silly :)

    Is it ok to download MT4 from 2 different brokers at same computer at same time?

    Thanks for educated reply.

     

    you should not only use MT4 but try some other type of trading software's as well.

  7. Posted

    i see if my strategy works.

    if it works i practice.

     

    But i haven't got a working strategy till now

     

    Live accounts are not to test the strategy - It is always demo accounts where strategy can be tested. If you don't have a strategy on demo account you will get a lots of problems trading in real account.

     

    Make any strategy in demo account by using Candlestick or line charting and it will help ;-) Keep practicing demo account.

  8. Posted

    U.S. officials concerned by Israel statements on Iran threat, possible strike

     

    Israeli leaders on Thursday delivered one of the bluntest warnings to date of possible airstrikes against Iranian nuclear sites, adding to the anxiety in Western capitals that a surprise attack by Israel could spark a broader military conflict in the Middle East.

     

    Defense Minister Ehud Barak, speaking at a security forum attended by some of Israel’s top intelligence and military leaders, declared that time was running out for stopping Iran’s nuclear advance, as the country’s uranium facilities disappear into newly constructed mountain bunkers.

     

    “Whoever says ‘later’ may find that later is too late,” Barak said. He switched from Hebrew to English for the last phrase: “later is too late.”

     

    The language reflected a deepening rift between Israeli and U.S. officials over the urgency of stopping Iran’s nuclear program, which Western intelligence officials and nuclear experts say could soon put nuclear weapons within the reach of Iran’s rulers.

     

    Although accepting the gravity of the Iranian threat, U.S. officials fear being blindsided by an Israeli strike that could have widespread economic and security implications and might only delay, not end, Iran’s nuclear pursuits.

     

    In a series of private meetings with Israeli counterparts in recent weeks, Western officials have counseled patience, saying recent economic sanctions and a new European oil embargo are pummeling Iran’s economy and could soon force the country’s leaders to abandon the nuclear program. Yet Israelis are increasingly signaling that they may act unilaterally if there is no breakthrough in the coming months, according to current and former administration and intelligence officials.

     

    “The Obama administration is concerned that Israel could attack Iranian nuclear facilities this year, having given Washington little or no warning,” said Cliff Kupchan, a former State Department official who specialized in Iran policy during the Clinton administration and recently returned from meetings with Israeli officials. He said Israel “has refused to assure Washington that prior notice would be provided.”

     

    Defense Secretary Leon E. Panetta is one of several administration officials to express concern publicly that Israel is positioning itself for a surprise attack. Last month, the administration dispatched the Joint Chiefs chairman, Gen. Martin E. Dempsey, to the Israeli capital for high-level discussions about the possibility of a unilateral Israeli strike.

     

    “Israel has indicated they’re considering this, and we have indicated our concerns,” Panetta told reporters Thursday after a NATO meeting in Brussels. Panetta declined to comment on published reports that he thinks the Israelis could carry out a strike this spring, possibly as early as April.

     

    Although the Obama administration has not ruled out U.S. military action against Iran, White House officials are worried that a unilateral strike could shatter the broad international coalition assembled in the past three years to confront Iran over its nuclear program, which Iranian leaders have consistently said is for peaceful purposes.

     

    Source: Washington Post

     

     

    What do you think, is it possible that Israel strike Iran ? If this happens, how would this affect the markets?

     

    There will be no strike on Iran as it would be effect the Arab World and US it self - US cant afford Crude Oil at 200 $ a barrel and no other country can. So if Iran is attacked - Iran will block "Abzae Huzmat" The pipe line in Arabian see going to US which will effect all over the world. Its only a threatening statement by Leon Pennata to stop iran from making the Nuclear Weapons. In its recent Statement President of Iran Ahmade Nijad has said there will be good news's soon from the Nuclear side , and Iran seems not scared of Leon Pennata's statement.

     

    The world will be effected a lot if Iran is being attacked as the crises in Arab World are already getting worst day by day and the Arab Rulers will never want an Attack on Iran because if Iran is being attacked it will hit US Marine in UAE and Qatar which Arab don't want to see.

  9. Posted

    Its not bad that more people try or that more people fail.

     

    Out of those potential failures will come the smaller number that succeed :)

     

    The success and the failure of any trader is just because of himself - if he has chooses the right strategy he might have not lost. 99.9 % traders loose because of their own wrong strategy which Involves they emotions , greed etc.

  10. Posted

    As a trader, I am also expecting that 2012 would be a great year for me. I have planned to use some new trading strategies and analysis my mistake that I done in last year.

     

    2012 will be an exciting year for traders as they would be a lot of volatility in the markets :)

  11. Posted

    BOJ cant take a chance to Inter-vein in yen in near future. Its quite enough as they have been trying since a year to weaken yet but failed. I don't see any Intervention by BOJ until June.

  12. Posted

    If you ever had a chance to see MT4 Dealers terminal you will be shocked to see that this can also be happen in our account ?

     

    Its beyond Imagination. MT4 is always a DEALER Friendly software :) and it is less friendly at the clients end.

  13. Posted

    There is no difference between MT4 and Currenex on the clients point of view. Mt4 or Currenex both will do accordingly what the software are told to do. Currenex is expensive but it has less dealer intervention and manipulation feature but mt4 have more features to manipulate the prices as done by worlds biggest Market Makers as well.

     

    They all prefer Mt4 as it can be customized more easily then any other software do and it can manipulate prices they way they want to.

  17. Posted

    Greece will never default. The Euro Zone will be handling the same way as they are handling greece and other countries now a days. Using delaying tactics is their policy and if Greece will get default there are lot other countries which will be defaulting soon.

     

    Not only in other European countries but also in Asian countries , the discussion will be started to get default as many countries are shy to say something like that. If there will be one default the world will be going for a swear Financial Crises more then 2007-08.

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