cruz 0 Report post Posted October 17, 2008 I have set up a practice account with Forex. 30-day trial period. But I still have no idea how it works. How to use the features and all. I can't seem to understand how to use the layout on the website. Share this post Link to post Share on other sites
flyersummer 1 Report post Posted October 27, 2008 (edited) EUR/USD Take a short position at 1,2540. Put stop loss above 1,2650 (-110 pips). Targets are 1,2450 (+90 pips, risk/reward 1:0.8), OR 1,2260 (+280 pips, risk/reward 1:2.5) . Each trade is dangerous, take care and put your stop loss. Edited October 27, 2008 by flyersummer Share this post Link to post Share on other sites
homendecor 0 Report post Posted April 26, 2009 I have set up a practice account with Forex. 30-day trial period. But I still have no idea how it works. How to use the features and all. I can't seem to understand how to use the layout on the website. i've also setup an account with forex few days ago, and the broker actually called me from USA night time, and i've asked her some qns which i don't understand about the website. have they called you? think they will cal u and ask u how are u getting on with the software and they will be most helpful to deal with your doubts Share this post Link to post Share on other sites
rendell 0 Report post Posted April 28, 2009 i've also setup an account with forex few days ago, and the broker actually called me from USA night time, and i've asked her some qns which i don't understand about the website. have they called you? think they will cal u and ask u how are u getting on with the software and they will be most helpful to deal with your doubts ' It is normal for them to call customer. They are forex broker, just like stock broker ... the more you trade the more they earn. Share this post Link to post Share on other sites
flyersummer 1 Report post Posted April 29, 2009 ' It is normal for them to call customer. They are forex broker, just like stock broker ... the more you trade the more they earn. i used fxdd broker, you? Share this post Link to post Share on other sites
rendell 0 Report post Posted May 13, 2009 (edited) i used fxdd broker, you? I used to have a few live trading accounts But I haven't been trading for the last 1 year FXCM, Forex.com, - My first 2 accounts North Finance - Use e-gold EasyForex - Used this in my office because no blocked by office firewall dbFX - Signed up with a friend Saxobank - Signed up with a friend Edited May 13, 2009 by rendell Share this post Link to post Share on other sites
Susan28 0 Report post Posted May 18, 2009 I used to have a few live trading accounts But I haven't been trading for the last 1 year FXCM, Forex.com, - My first 2 accounts North Finance - Use e-gold EasyForex - Used this in my office because no blocked by office firewall dbFX - Signed up with a friend Saxobank - Signed up with a friend Hi rendell How about mfglobal? or the ibfxu? I thought of getting an account but wonder which one to start off with. Any recommendations? Share this post Link to post Share on other sites
rendell 0 Report post Posted May 22, 2009 Hi rendell How about mfglobal? or the ibfxu? I thought of getting an account but wonder which one to start off with. Any recommendations? I have heard of both of them ... You can sign up as many accounts as you want ... they are free unless you want to trade. Share this post Link to post Share on other sites
Susan28 0 Report post Posted May 23, 2009 I have heard of both of them ... You can sign up as many accounts as you want ... they are free unless you want to trade. I like to know if their 'live feed' (should that be the the term?) is ok? I read somewhere it called MT4 is better. Heard from some friends that theirs sometimes got 'glitch' when the market moving too fast. Share this post Link to post Share on other sites
Phantom 1 Report post Posted May 23, 2009 Metatrader is an established platform. Honestly I think you guys should go and understand that different types of FX tools available then start picking out brokers. At the same time avoid the bucket shops and web based brokers. Share this post Link to post Share on other sites
Phantom 1 Report post Posted May 23, 2009 www.fxstreet.com www.forexfactory.com are 2 very good websites to start learning. 1) Wannabe Traders should paper trade for at least 1-2months before starting a live account 2) Make sure you have at least 10k to 20k before trading. 3) Pick a time slot you prefer to trade 4) Always put stops. (FAR away) if you wanna put 10pip or 50pip stops then I think you shouldn't trade. 5) Pick ONE pair and understand it. 6) Trade the Majors AUDUSD/Cable/Fiber/USDJPY 7) Use minimum leverage for a start 8) Start by trading mini lots. 9) Never trading news 10) Prepare to lose whatever money you set aside. Good luck. Share this post Link to post Share on other sites
rendell 0 Report post Posted May 23, 2009 I like to know if their 'live feed' (should that be the the term?) is ok? I read somewhere it called MT4 is better. Heard from some friends that theirs sometimes got 'glitch' when the market moving too fast. Like what phantom said, MT4 is actually an established trading software. Many companies are using it. The reason for glitches is due to lousy server... especially during events like NFP announcements and etc. Try out a few trial accounts to test first, and get the one with least spreads and less problems. Share this post Link to post Share on other sites
Phantom 1 Report post Posted May 23, 2009 (edited) Like what phantom said, MT4 is actually an established trading software. Many companies are using it. The reason for glitches is due to lousy server... especially during events like NFP announcements and etc. Try out a few trial accounts to test first, and get the one with least spreads and less problems. Before starting out. Please Google. Bucket Shop. there's no such thing as less spread. or guaranteed spread. Understand what is the deal behind it. Like stocks FX always have buyer/seller. Google what is ECN/Algorithmic Trading/Black Boxes/Fundamental Trading/Technical Analysis/Oscilliators etc... Edited May 23, 2009 by Phantom Share this post Link to post Share on other sites
Susan28 0 Report post Posted May 25, 2009 Before starting out. Please Google. Bucket Shop. there's no such thing as less spread. or guaranteed spread. Understand what is the deal behind it. Like stocks FX always have buyer/seller. Google what is ECN/Algorithmic Trading/Black Boxes/Fundamental Trading/Technical Analysis/Oscilliators etc... Waa, you seem to be knowledgeable leh, can share a bit whether you got make money and some of the principles to watch out for. I've hearing my girlfriends attending this course and that and still got burn. Yah, they practise on "practise account" which was fine until they start playing with their own money. Share this post Link to post Share on other sites
Phantom 1 Report post Posted May 25, 2009 Waa, you seem to be knowledgeable leh, can share a bit whether you got make money and some of the principles to watch out for. I've hearing my girlfriends attending this course and that and still got burn. Yah, they practise on "practise account" which was fine until they start playing with their own money. Yes. I've made money. Best Run 187% 3 weeks. Yes. I've lost money. Margin Call. My take is IF those chaps conducting lessons are really good, they would stick to trading rather than conduct trainings.. which IMHO is a very profitable business. Practice accounts will never be the same as real accounts because its not real money. Wannabe traders must understand something called Trading Psychology / Investment Psychology. Example: When people invest in a stock for example. They most of the time will sell the stock after making 10% or 20% gains. On the flip side there are people who almost never lock-in profits. thinking tomorow will be better. I think I should conduct a class for you and your girlfriends.. how much are they charging for courses nowadays. LOL.. Share this post Link to post Share on other sites
