mr_nims

Re: 2009 Forex Summit - 10 of the Hottest Forex Experts

"10 of the Hottest Forex Experts" are they all playboy girls =))

=)) your damn right! Dont trust these seminars its just a secret way to promote their website and company's and make money from making you buy a seat n stuff

Re: Should all EA seller provice live forward test

Yes i wish all ea sellers dont just show some screen shot of backtest result or a screen full of green trades, a live forward test account will truly show if the ea works or not in real market.

Re: Forex4you

I just signup to this broker because they allow trading 0.01 lot in cent account and because they have an office in India and many ways of deposit/withdrawal. Nothing bad so far everything works well and support is responsive even on sunday. :)

Re: Is M5 scalping dead?

The pro's and con's of 5min chart og what i believe.

Pros:

a. Small range of pips compared to higher timeframes, therefore lower risks in stoploss and also lower rewards in targets.

b. Great for people who dont have time and want to make some pips when they can be free on the screen.

c. Great for news traders who just want to gain on the newsbreak movements.

d. great for scalping

e. great for people who just want to trade an hour or 2 during the high volatility periods like the open of Frankfurt, london and USA sessions.

f. Minimalistic exposure in market.

Cons:

a. The data on 5min may be too short to be considered as reliable.

b. More fakeouts with indicators.

c. May be too fast to actually know when major banks and investors might invest in the market.

d. 5min chart movements could also merely just be the volumes of money being invested in the market over the period of the day.

e. risk of overtrading.

f. low range compared to higher timeframes, hence scope to earn pips is lower than a daily/weekly chart.

hope this helps :)