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Author Topic: Newbie Guide to Forex Trading  (Read 51608 times)

Offline Ageo

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Re: Newbie Guide to Forex Trading
« Reply #405 on: Aug 03, 2012, 10:13 PM »
pareho namang tama. cguro, sometimes messages are read and understand in a different tone or meaning. daming result yan mga opinions na yan e, sa akin i keep on my self na dapat maging cautious ako or mag aral pa ng husto regarding forex. kita mo na lng yung mga advise sa itaas. whoa!
pero i really love this thread forex, gusto ko itong maging 1 of my souce of income kapag mag retire na ako.. 2 or 3 years from now. so i have still more time to study.  just what fe pointing out.

Offline SAGAD

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Re: Newbie Guide to Forex Trading
« Reply #406 on: Aug 05, 2012, 08:21 AM »
Jane_p,

i suggest oanda...

no problem encountered so far...

i fund it through paypal using Unionbank's Eon...

withrawals can take 1 week, but mostly the lag is on paypal, but all withdrawals made it through so far...

another feature i like abt oanda is the ease on setting up sub accounts just in case u have several set up's...

their news calendar is also top notch...

hope this helps...
NAKED PUNTING IS FOR IDIOTS...
ASK YOURSELF, ARE YOU WHERE YOU WANT TO BE DOING WHAT YOU WANT TO DO?

Offline batangpromdi

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Re: Newbie Guide to Forex Trading
« Reply #407 on: Aug 10, 2012, 08:52 AM »
practice account ko is oanda. sa forex po ba, if mag-trade na talaga, okey lang ba starting capital na $50. anu po ba maganda leverage setting? maximum sa oanda is 50:1.

yung practice account has $50 then ang leverage is 30:1. pero di ko pa rin talaga ma-gets panu compute yun.

then sa demo, may entry dun sa mga closed orders na interest earned. anu po yun?

dagdag pa po pala, if baguhan, sa demo o live, anu po ba pair maganda? mas okey ba focus lang muna sa isang pair like sa major eur/usd?
« Last Edit: Aug 10, 2012, 08:54 AM by batangpromdi »

Offline jhunior

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Re: Newbie Guide to Forex Trading
« Reply #408 on: Aug 15, 2012, 12:26 PM »
while reading some post I've seen some people using automated systems instead of manual, w/c do you guys think is more preferable? I'm leaning towards trying automated because, it could run on its own like a no-brainer bot? that just puts money in your pocket? I'm not sure if  what I'm saying is right? But I think it will be a great thing to have something like that. The big question is... where can we get something like an automated system that is reliable and proven that it has minimal lost, so that newbies like me could benefit from it without the hassles or complications of graphs and chart. :D

For automated system i open an account to MMA BANK which they accept $5,000 minimum investment you will get 10% monthly income.  I open an account here in Dubai and you may open an account thru internet. They will send you a contract to sign.

while reading some post I've seen some people using automated systems instead of manual, w/c do you guys think is more preferable? I'm leaning towards trying automated because, it could run on its own like a no-brainer bot? that just puts money in your pocket? I'm not sure if  what I'm saying is right? But I think it will be a great thing to have something like that. The big question is... where can we get something like an automated system that is reliable and proven that it has minimal lost, so that newbies like me could benefit from it without the hassles or complications of graphs and chart. :D

Offline bloomerman

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Re: Newbie Guide to Forex Trading
« Reply #409 on: Aug 15, 2012, 03:56 PM »
i opened an accout with bforex and oanda. For now, I only funded the oanda account with starting $250. For 5 days now I have gained a realized profit of $27. Everyday morning, as I wake up and done praying, I always check my account. It's quiet interesting because I was able to analyze fundamentally and technically.
BloomerMan :D

Offline SAGAD

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Re: Newbie Guide to Forex Trading
« Reply #410 on: Aug 15, 2012, 09:08 PM »
^^^ hmmm, i'll try that one...praying before trading :D
NAKED PUNTING IS FOR IDIOTS...
ASK YOURSELF, ARE YOU WHERE YOU WANT TO BE DOING WHAT YOU WANT TO DO?

Offline EuroatYenpo

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Re: Newbie Guide to Forex Trading
« Reply #411 on: Aug 15, 2012, 09:53 PM »
I agree, all He asks is for you too seek Him and He will do the rest. I was lost in trading until He thought me how. It is all about balance,....  :D
"God is awesome , all you need to do is seek Him and He will guide you into a destiny beyond your wildest dreams." - D.Kelley

Offline ferrariEverest

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Re: Newbie Guide to Forex Trading
« Reply #412 on: Aug 16, 2012, 09:46 AM »
practice account ko is oanda. sa forex po ba, if mag-trade na talaga, okey lang ba starting capital na $50. anu po ba maganda leverage setting? maximum sa oanda is 50:1.
ok lang kahit magkano.
mas ok kung babaan mo yung leverage +/- 20:1. mas mababa, mas maganda, mas mahaba buhay ng account mo (lalo na kung conservative ka).
yung interes, parang bangko yan, kumikita ng interes yung account mo.
ok rin na magfocus ka muna sa isang pair, gaya ng eurusd. pag sanay ka na, try mo rin yung iba.
make sure basahin mo yung user guide sa Oanda platform, para iwas magkamali/disgrasya.

i opened an accout with bforex and oanda. For now, I only funded the oanda account with starting $250. For 5 days now I have gained a realized profit of $27.
ano po leverage nyo Sir? mas advisable mas mababang leverage.
Good luck and ingat  :rakenrol:
What would you attempt to do if you knew you could not fail? - Robert Schuller Don't limit your challenges - challenge your limits.

Offline bloomerman

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Re: Newbie Guide to Forex Trading
« Reply #413 on: Aug 16, 2012, 03:38 PM »
^^ sa mga beginners mas mainam 20:1 leverage pero kung expert na pwede na yung 50:1... It takes a lot of experience and losses..
BloomerMan :D

Offline denyx01

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Re: Newbie Guide to Forex Trading
« Reply #414 on: Aug 17, 2012, 08:36 AM »
Is anyone here trading USDJPY?  ;)  Breaking above barrier of 79.12 exposes the new upward trend high of 79.60 and next is 79.90..But support now is in 78.80 ;)

 Happy Trading to everyone here..Make your day productive..

Twitter: The_trader101


Offline ect1

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Re: Newbie Guide to Forex Trading
« Reply #415 on: Aug 20, 2012, 08:46 AM »
^
ako din baguhan micro account first month ko 60% kinita pero kinain ulit ng market makalipas sa 2nd month draw down pa haha

@wannaBe
meron k n bang algorithm para sa EA mo? :D mukang madali lng nman ang mql4 structured programming ang dating pero d ako sure konting sulyap p lng kasi :D, ako rin programmer sa java pero student p lng ako.. sana makakapost tayo dito balang araw ng EA ideas..etc. :D

hmmm.. I suggest the following for starters.

have this to get the ball rolling.
1.Money that you can actually afford to throw it away.
2.Patience
3.learn learn and learn.

haha minsan yun number parang sugal pero ganun tlga kailangan subukan

Offline totscalilari

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Re: Newbie Guide to Forex Trading
« Reply #416 on: Aug 22, 2012, 09:15 AM »
saw a post ni boss senyor sa active trading discussion where he suggested a stock trading strategy para sa mga natalo sa forex... am just curious how many forex traders here trade other financial instruments like stocks, futures, or kahit sports trading?

Offline Synapse

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Re: Newbie Guide to Forex Trading
« Reply #417 on: Aug 22, 2012, 04:01 PM »
What went wrong sometimes in Forex Trading ....


Targeting a profit for in 1 month in a single trade
Lack of market observation
Over Trading
Impatient
High volume resulting to close in negative in short period of time
Chasing the market when it's starting to move fast
Opening a position just right after the data is released
Monitoring more than 4 currency pairs
Wanting to recover as soon as a trade closed in negative believing with own analysis
Not believing with own analysis
Over confident ven if the trade is bad because of great profit and trade the day/week before
Being too much GREEDY


From one of my mentors :)
A man should look for what is, and not for what he thinks should be.

Offline totscalilari

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Re: Newbie Guide to Forex Trading
« Reply #418 on: Aug 22, 2012, 04:11 PM »
Wanting to recover as soon as a trade closed in negative believing with own analysis
Not believing with own analysis


parang conflicting ata?

Offline bloomerman

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Re: Newbie Guide to Forex Trading
« Reply #419 on: Aug 22, 2012, 05:58 PM »
Is anyone here trading USDJPY?  ;)  Breaking above barrier of 79.12 exposes the new upward trend high of 79.60 and next is 79.90..But support now is in 78.80 ;)

 Happy Trading to everyone here..Make your day productive..

Twitter: The_trader101



Medyo risky ngayon mag place sa USPJPY, upward ang trend ng you'll never know when it will go down, try to analyze more, check the trend from last months movement...
BloomerMan :D

 

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