Skip to main content

Learn to PLAY Forex in 15 minutes


Truly understand Forex may be as tough as understanding world economy.  But 'playing' forex is NOT any tougher than any number game.  I have stopped forex for a couple of years now, recently I got some spare time ( Happy Raya Merdeka Day to fellow Malaysian !) so I re-learn and start to play again in 15 minutes, perhaps you can try too.

  1. Register an account with Oanda  (Choose Practice account)

  2. Login to Oanda

  3. Create sub account, enable use with MetaTrader under Advance Option

  4. Download MetaTrader, install it.

  1. Run MetaTrader, Login using account number, not the user name

  2. Launch Strategy Tester under View menu ( CTRL-R )

  3. enter basic parameters and click Start

  4. view Report to see if this method can earn money

  5. Modify Expert Properties until satisfy with result

  6. Da da !  I have a sure win strategy in Forex !!

Ok, the last statement is a lie.  But there are 'teachers' collecting $3,000++ for a course just like this thao.

All that 'proves' is that Moving Average with those particular parameters can earn me a hundred or two bucks from 30th to 31st August 2011.  It implies almost nothing at all how it can preform before and after that.

Important but boring notes
  • I choose Oanda because almost 48% of its users are earning while others only have 20-30% success rate.  Oanda is also having the largest users base.

  • Investing with real money in Forex is the beginning of the end even for some billionaires.  It is almost a Guarantee place to die if you don't truly understand forex yet.  So play it like a game all you want, but never ever invest in Forex just because this blog makes it seems so simple.

  • The true message MalPF wants to share is that you must use EA if you truly serious want to invest in Forex.

  • Can't even get passed signing up, download and login with Oanda ?  Just click the LIVE HELP button on their web page, someone will chat and help you.

  • You are still clueless how to 'play' forex ?  Good, you shouldn't then.

Alright, here are some screen shots ... 

1. Register Oanda

2. Login



 3. Create sub account, enable MetaTrader


 

4. 1.  Download and login MetaTrader



2. Open Strategy Tester window ( usually at the bottom )




3. Enter parameters, click Start to analyse


4. View Report to see if it is satisfactory



5.  if not, tune 'Expert Properties' until happy.






6.  If still need helps, pay me $3,000 and I will teach you in person in Starbuick. *joke*



When you have found your jewel guarantee to win strategy, its time to enable the automated trading ( on a practice account ), leave it there and then check the result later.



Labels:

Comments

Post a Comment

Popular posts from this blog

What is really important in Personal Finance Planning ?

There is a great video I have seen in LCF  where he talks about Insurance Investment Retirement Tax Estate Planning Although I may not agree to all points but it is actually quite good and all points presented professionally. Some of my pondering points 5-6% investment cost is NOT LOW Actually whether an investment cost is low or not is always relative.  For example, if you are paying 20-30% to others to manage your portfolio then it is lower to find one that is 5-6%.  Likewise, paying 1-2% fee when you manage your own investment is common.   So it is really a matter of your money vs your time.  If you pay more fee, you would expect better services just like any other things in life. Thousands of saving on tax can be compounded to millions While its true you could save on tax but usually its not in a huge magnitude.  To save thousands in tax, you probably have a certain amount of much bigger income to start with.   Its more toward FREE money vs ignora...
Post a Comment
Read more

Resep Membuat Arem Arem Isi Ayam Wortel Special

Arem Arem Isi Ayam Wortel - Arem-arem merupakan makanan serupa kue lemper yang digulung dengan daun pisang lalu diberi isi sambal goreng, sosis, mie goreng, ayam wortel dan sambal goreng. Untuk daun pisang, sebaiknya bunda memakai daun pisang kluthuk supaya hasil bungkusannya bagus saat dikukus. Dan sebelum daun pisang diberi nasi dan isi, hendaknya bunda menjemur daun pisang terlebih dahulu sekitar lima sampai sepuluh menit supaya daun pisang tidak robek saat diberi nasi dan isiannya.  Jika melihat sekilas, arem arem dengan lontong pasti akan terlihat sama karena sama sama dibungkus dengan daun pisang lalu di kukus sampai matang. Namun jika kita melihatnya dengan lebih teliti lagi maka akan terlihat jelas perbedaan arem-arem dengan lontong. Kalau arem-arem umumnya sama seperti lontong, hanya saja arem-arem didalam nasi terdapat isian daging cincang, atau sayuran. Cara membuat arem-arem dapat dibilang mudah dan bahan-bahannya juga terjangkau ditemukan seperti wortel dag...
Post a Comment
Read more

21st century trick ...

Once upon a time, there was a gasoline called 97. The cost of this item was $1.80. One day, the governing body wanted to increase the price to $2.10. However, the governing body knows that if they simply increase price, that will affect their popularity. Which in turn affect their eligibility to continue to be governing body in next election. Hence they come up with a perfect idea. They first introduce another brand called 95. Actually this is a much lower quality product than 97. In short, 97 simply means there is at least 97% of pure petrol in the gasoline. On the other hand, 95 only has 95% purity. However, they push out 95 as if it is a better quality product. They even add some 'addictive' into 95 to justify their claim its a better product. It was presented in a way that 95 will replace 97, and stay at the same price at $1.80 More than 90% of the consumer fall for it. Hence the transition of 97 to 95 went through smoothly. Majority of the consumers pay the ...
Post a Comment
Read more