PMT Forum


Search Money Investments
Shortcut to PMT Forum topics!

Click LIKE, TWEET or +1 to earn PMT Badges!

Author Topic: Newbie Guide to Forex Trading  (Read 76626 times)

Offline donya_buding

  • Newbie
  • *
    • Awards
Re: Newbie Guide to Forex Trading
« Reply #75 on: Aug 05, 2010, 08:38 PM »
  • Publish

  • Hi donya_buding,

    I'm also new to forex, just started live trading this is my 2nd week but been using demo for 1 year na. I used Oanda as my broker dahil maliit lang ang spread nila sa Eur/usd which is 0.9 pips. So far wala naman ako problem sa kanila at OK ang live support nila.

    I just can't recall kung ano minimum deposit nila. Kung gusto mo lang ma-try kung OK ang forex, use their demo account, wala syang time limit unlike others na 1 month lang binibigay at parehong-pareho nag live at demo nila.

    Pag OK ka na sa demo saka ka lang mag live.


    hi sir ebo_bro...thanks for the advise...i'll try yung demo account nila and let's see what will happen...

    one question though, how much was your initial investment when you go "live" in forex trading para i can make some preparations on how much do i really need to put into my oanda account????

    thanks po super sa patience sa pagsagot sa tanong ng isang newbie na kagaya ko...

    Offline ebo_bro

    • Probie
    • *
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #76 on: Aug 06, 2010, 06:19 PM »
  • Publish
  • I started with $1,235 some started with $200. There is no minimum deposit pala sa Oanda pero you have to consider the fees in funding your account and when withdrawing it(see http://www.pinoymoneytalk.com/forum/index.php?topic=28457.15 "how to fund Oanda" thread).

    Ask ka lang kung may tanong ka.

    Offline ferrariEverest

    • VIP Member
    • *
    • Gender: Male
    • Health, wellness & wealth;Financial & Time Freedom
    • Awards Business Tycoon MLM Leader Food and Health Expert Real Estate Mogul Member since 2007 PMT Lounge Addict Banking and Insurance Boss Investments Idol Stocks Superstar Forex Master Chikador / Chikadora
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #77 on: Aug 08, 2010, 12:34 PM »
  • Publish

  • ...

    ok yung sabi ni ebo_bro, mag Oanda ka.
    pero matanong muna kita, gano katagal ka nagresearch sa babypips, forexfactory and piphut?
    it doesnt take months. it takes years of reading and practice. balewala ang binasa mo kung wala kang masyadong experience.

    ipagpaliban mo muna ang pag open ng live account. i think this is a very good advice para sa mga Pinoys dahil bihira satin ang maykaya/mayaman at marunong sa negosyo &/or mataas ang financial literacy.
    try mo maging consistently profitable for 6 - 12 months bago ka mag live trading.

    i am a member of forexfactory.com, ako si supremeChaos dun. i highly recommend na magmember kayo dun. marami traders dun na pwedeng sumagot sa mga tanong nyo. we help newbies there, specially sa james16 thread. james16 thread -- highly recommended na thread na basahin ng newbies. marami kayo matututunan dun lalo na pag baguhan palang kayo.

    o nga pala, wag nyo papansin yang mga nagEenglish dito. mga spammer yang mga yan. in short mga epal na manloloko yang mga yan. :hihi:
    What would you attempt to do if you knew you could not fail? - Robert Schuller Don't limit your challenges - challenge your limits.

    PMT Forum

    Re: Newbie Guide to Forex Trading
    « Reply #77 on: Aug 08, 2010, 12:34 PM »


    * * * * * sponsored links * * * * *

    Offline rael

    • Forum Addict
    • ***
    • Gender: Male
    • uplift the financial well-being of pinoys!
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #78 on: Aug 09, 2010, 10:36 PM »
  • Publish
  • good advice, @ferrari.

    in fact, even if you had months of successful demo trading, then jump into live, the market will still teach a lot of lessons.

    one of the most important lesson: the psychology between trading fake money and real money is going to be oceans apart. it WILL become stressful when you go live. so when you hear, "be patient... reflect on yourself...", don't take those as just sweet stuff. they're really really the essentials.

    Offline tops5450

    • Forum Idol
    • *****
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #79 on: Aug 10, 2010, 08:08 AM »
  • Publish
  • Goodluck nalang sa mga newbies na tulad ko :cool2:
    WANTED: Scammer/Swindler: Michelle Angelie Najarro Labay aka Angelita** Marygrace Morante Tablizo of Mary Palm Private School** Rhoda Daliva aka Rads** Alexander Lim Duran aka Tutoy** Roberto Agtarap

    Offline IMAPIP

    • Newbie
    • *
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #80 on: Sep 08, 2010, 01:29 AM »
  • Publish
  • Would you like to learn FOREX? Contact me at imapip8@gmail.com.  Don't worry.  No commitment involved.

    Offline alex888

    • Newbie
    • *
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #81 on: Sep 16, 2010, 07:56 AM »
  • Publish
  • hello..  badly need your help specially sa experts. I've been trading forex for 3 years already. It's just so happen na yung live account ko to ODL has been acquired by FXCM. From experience, FXCM is a notoriously bad broker.  So now that I've found my new broker... I can't seem to fund my account. I went to BPI family and they seem to not know what to do... saying something like to transfer to another branch because of a lot of reasons. Before I use GE money bank for bank wiring from Philippines to brokers without any hassle but it has been acquired by Banco de Oro.

    So... the question is what bank that allows bank wiring from a personal bank account to my IBFX broker?

    Really appreciate your reply since I badly badly need to fund my account already.

    Offline tops5450

    • Forum Idol
    • *****
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #82 on: Sep 16, 2010, 10:01 PM »
  • Publish
  • Thats quite strange :scratch:
    WANTED: Scammer/Swindler: Michelle Angelie Najarro Labay aka Angelita** Marygrace Morante Tablizo of Mary Palm Private School** Rhoda Daliva aka Rads** Alexander Lim Duran aka Tutoy** Roberto Agtarap

    Offline rael

    • Forum Addict
    • ***
    • Gender: Male
    • uplift the financial well-being of pinoys!
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #83 on: Sep 17, 2010, 12:01 PM »
  • Publish
  • @alex, try BPI (not BPI family).

    Offline jdash

    • Junior Member
    • *
    • Gender: Male
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #84 on: Sep 27, 2010, 11:53 PM »
  • Publish
  • @ferrariEverest

    question lang bro, pano ba tataas rank ko sa forexfactory para makapagpost sa mga thread?


    tsaka how do i leave a message in your profile para makapagpasalamat sa links na binigay mo.

    thanks
    « Last Edit: Sep 28, 2010, 12:04 AM by jdash »
    whatever you think you are is whatever you are.

    Offline kendimann

    • Newbie
    • *
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #85 on: Oct 03, 2010, 02:10 PM »
  • Publish
  • im currently reading the babypips site to at least gain some info with regard to forex trading. medyo info overload na kaya rest muna. question lang sa mga medyo may experience na, can you honestly get rich trading forex? i mean honestly?

    forex seems, from what i hear hard as hell, and with very small returns.

    i dont wanna sound rude or bullish in a way but i don't want to waste my time learning it if it's not worth it.  :bahalaka:

    is it possible to earn at least a thousand pesos a day consistently? if it is, how long does it take for a trader to earn that amount and how much money does he need to invest to his broker to at least make the said amount?

    btw, is it necessary to learn the candlestick trading? sumakit ulo ko dun  :D

    which do you think is a much better approach? demo then read bypips, demo and read babypips or read the whole babypips then demo? what demo site do you recommend?

    thanks


    Offline SirYuri90

    • Posting Guru
    • ***
    • Gender: Male
    • Yes!!!
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #86 on: Oct 04, 2010, 11:06 AM »
  • Publish

  • im currently reading the babypips site to at least gain some info with regard to forex trading. medyo info overload na kaya rest muna. question lang sa mga medyo may experience na, can you honestly get rich trading forex? i mean honestly?

    forex seems, from what i hear hard as hell, and with very small returns.

    i dont wanna sound rude or bullish in a way but i don't want to waste my time learning it if it's not worth it.  :bahalaka:

    is it possible to earn at least a thousand pesos a day consistently? if it is, how long does it take for a trader to earn that amount and how much money does he need to invest to his broker to at least make the said amount?


    Yes its very possible. How long? well it depends really to the person. Just like in school there are those who excel and there are those who don't but if they keep at it they all graduate in due time. Its only a matter of time.

    Quote

    btw, is it necessary to learn the candlestick trading? sumakit ulo ko dun  :D

    which do you think is a much better approach? demo then read bypips, demo and read babypips or read the whole babypips then demo? what demo site do you recommend?

    thanks





    Its better to read up first babypips to have a basic foundation of trading. And my tip if you ever want to pursue trading is whatever system you choose in your trading its important to be consistent. Consistency above all else. And for starters trade higher Timeframes such as H1 and above the higher the better because analysis becomes very easy and trading is less stressful.  
    "Discipline is the basic set of tools we require to solve life's problems. Without discipline we can solve nothing. With only some discipline we can solve only some problems. With total disci

    Offline Deepanshu

    • Newbie
    • *
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #87 on: Oct 20, 2010, 11:03 AM »
  • Publish
  • 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?

    Offline Pipinstinct

    • Newbie
    • *
    • Gender: Male
    • Natural Instincts to get pips - Pipinstinct
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #88 on: Oct 21, 2010, 03:21 AM »
  • Publish
  • 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 prefer manual trading. I have a strategy, I analyze my charts, set my pending orders then close terminal, check back later and see if TP or SL is hit. That's it. Stress-free trading, 1-5 minutes analysis then I'm off to take a nap.

    Offline derishus

    • Newbie
    • *
      • Awards
    Re: Newbie Guide to Forex Trading
    « Reply #89 on: Oct 22, 2010, 05:45 PM »
  • Publish
  • 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?

    Sure, it's nice to have an automated system so that it's less stressful and time-consuming. But be careful of those automated EA's or trade-bots that promise easy instant money because 99% of the time, those are scams. I'm still trying to learn the basics too and I'm reading about the different kinds of indicators on the BabyPips.com School (http://www.babypips.com/school) then I'll come up with my own trade system. Of course backtesting this system would help so that I can tweak the setting of the indicators to improve profitability.

    Post Merge: Oct 22, 2010, 05:47 PM
    which do you think is a much better approach? demo then read bypips, demo and read babypips or read the whole babypips then demo? what demo site do you recommend?

    thanks

    I went thru the entire Babypips school first before doing demo trading. That way, I know the basics about all the indicators and formations and it was easier for me to apply everything while demo-trading.
    « Last Edit: Oct 22, 2010, 05:47 PM by derishus »

    PMT Forum

    Re: Newbie Guide to Forex Trading
    « Reply #89 on: Oct 22, 2010, 05:45 PM »
    * * * * * sponsored links * * * * *

     

    Related Topics

      Subject / Started by Replies Last post
    54 Replies
    7901 Views
    Last post Aug 19, 2009, 05:16 PM
    by trader202
    15 Replies
    3959 Views
    Last post Apr 30, 2009, 07:17 PM
    by jeffsmith
    24 Replies
    3205 Views
    Last post Nov 25, 2010, 09:25 AM
    by Thomas77
    24 Replies
    2087 Views
    Last post Mar 05, 2014, 08:40 PM
    by INDO


    * Recent Topics

    * PMT Shoutbox

    Refresh History
    • expatsasg: sino me marc sa port nyo?
      Oct 28, 2014, 10:42 AM
    • VeneurlArgent: paano yung "offering period" paano ang bidding n2?
      Oct 28, 2014, 09:07 AM
    • singkit_1588: madami p din mabibiktima ng networking scams sa cellphone, facebook, ineternet forum at blogsite..imo only..
      Oct 28, 2014, 08:53 AM
    • singkit_1588: francesdeniel, sad to say..malay mpo meron..
      Oct 28, 2014, 08:52 AM
    • francesdeniel: sa tingin mo may magtiwala sayo dito para pahiramin ka ng pera?
      Oct 28, 2014, 12:18 AM
    • Superliezie0313: good day pmt sino po bang pwedeng mahiraman ng money dyan?
      Oct 27, 2014, 07:54 PM
    • forsaFX: Hi, I am here to have some trading tips
      Oct 25, 2014, 06:50 PM
    • shine_soquila: good day pmt member! baka nyo nman akong tulungan kung anong pwedeng negosyo ang pwede kong simulan sa last money ko na nagkakahalagang 5k. thank u! your help is very much appreciated! God bless u!
      Oct 23, 2014, 12:06 PM
    • pinay57: good day pmt member
      Oct 21, 2014, 06:00 AM
    • kiriyama: may problem COL ngaun? or saken lng?
      Oct 20, 2014, 07:50 AM
    • singkit_1588: EBOLA RED DAY....
      Oct 16, 2014, 11:14 AM
    • LifeWisher: guys need help... gusto ko itry yung virtual tycoon pero may error pag nag place na ng order "Microsoft OLE DB Provider for ODBC Drivers error '80004005'  [Microsoft][ODBC SQL Server Driver][SQL Server]Subquery returned more than 1 value. This is not permitted when the subquery follows =, !=, <, <= , >, >= or when the subquery is used as an expression.  /citisecquote2/VirtualTycoon/EnterOrder/e_OrderIndb.asp, line 99 "  paano ito?
      Oct 16, 2014, 08:47 AM
    • jmces: lol
      Oct 15, 2014, 03:14 PM
    • VeneurlArgent: aw ok salamat. akala ko pa naman hmm :party: :b_guitar:.. hehe
      Oct 15, 2014, 01:51 PM
    • jmces: 400% stock div
      Oct 15, 2014, 01:49 PM
    • jmces: ex date kahapon
      Oct 15, 2014, 01:49 PM
    • VeneurlArgent: anong nangyari sa DMC from 80 bumagsak to 15 petot?
      Oct 15, 2014, 01:35 PM
    • e_win: may ibabagsak pa ba to
      Oct 14, 2014, 03:39 PM
    • bajoyjoy: I'm extending invitation to all PMT pipol, in case meron pong interested sainyo : [link]
      Oct 14, 2014, 12:11 PM
    • jmces: no more ammo :D
      Oct 14, 2014, 10:19 AM
    • singkit_1588: buy buy buy???
      Oct 14, 2014, 09:42 AM
    • jmces: be greedy when everyone else is fearful :D
      Oct 14, 2014, 08:45 AM
    • expatsasg: http://www.marketwatch.com/story/this-is-the-most-dangerous-stock-market-since-2008-2014-10-13?mod=MW_story_top_stories
      Oct 14, 2014, 02:22 AM
    • jmces: sale dmc bukas :D
      Oct 13, 2014, 04:38 PM
    • jmces: need more ammo
      Oct 13, 2014, 04:37 PM
    • OMG.27: bull is now out in the window...hahahahaha...
      Oct 13, 2014, 04:21 PM
    • Wills: I love this month!! Haha
      Oct 13, 2014, 03:49 PM
    • jmces: bot addtl agi :D
      Oct 13, 2014, 02:58 PM
    • singkit_1588: SELL OFF?? :(
      Oct 13, 2014, 02:06 PM
    • kAMi: :)
      Oct 13, 2014, 01:38 AM
    • francesdeniel: hi!
      Oct 13, 2014, 12:53 AM
    • OMG.27: waaaaa..............
      Oct 12, 2014, 06:24 PM
    • danyan2001us: regards from australia
      Oct 11, 2014, 11:42 AM
    • regor: Abandon Ship..
      Oct 10, 2014, 09:42 AM
    • gracepadz: hai poh. Im doing a research paper poh for my masters degree. please help nyo po aqoh
      Oct 08, 2014, 05:48 PM
    • gracepadz: Anyone here can give me an idea on building a training center which is TESDA accredited?
      Oct 08, 2014, 05:46 PM
    • sj.unite: @agapanthus anong facebook group yung nilipatan nila?
      Oct 08, 2014, 02:33 PM
    • TrulyRichAtty: Ako, when I check my stock portfolio and giving me all green! Unrealized gains keep on increasing...
      Oct 08, 2014, 11:18 AM
    • TrulyRichAtty: Let's keep this forum alive!
      Oct 08, 2014, 11:17 AM
    • TrulyRichAtty: What's keeping you excited when you wake up?
      Oct 08, 2014, 11:17 AM
    • Homeboy: hi guys! welcome sa PMT!
      Oct 07, 2014, 01:36 PM
    • imkreisha: hi
      Oct 07, 2014, 01:22 PM
    • dhie221: Hi im new here
      Oct 07, 2014, 01:18 PM
    • e_win: nag meg na ko, kaso downtrnend ngayon Oct.hehe
      Oct 07, 2014, 11:31 AM
    • agapanthus: kaya tahimik na kasi naglipatan na sila sa Facebook
      Oct 03, 2014, 11:22 PM
    • b0y3t2014: Hi guys. i would like to seek an assistance entering the business "Stock Market" - sino po b pede makatulong sakin
      Oct 03, 2014, 03:50 PM
    • b0y3t2014: hi
      Oct 03, 2014, 03:49 PM
    • TrulyRichAtty: russel_18: need ko ng advise nyo, my nagsasanla ng apartment isang flr. sa amin, nakita ko na yung unit pero natatakot ako bka mapaloko ako, ano pong pwde kong gawin pra maback ground check ko kung malinis ang pagsasanla ng may ari. Thank you. ANS:check with ROD if ung title e mortgaged n s iba thru anotation s title mismo
      Oct 03, 2014, 02:28 PM
    • TrulyRichAtty: e_win: ok ba MEG ngayon? yes
      Oct 03, 2014, 02:24 PM
    • jmces: dmc exdate oct 14
      Oct 03, 2014, 11:48 AM
     
     
    Welcome, Guest. Please login or register.
    Did you miss your activation email?

    * Must-Read Topics!

    * Active Posters Today

    DesignMonsta
    13 Posts
    nooblogger
    4 Posts
    MetisEtradePR
    3 Posts
    wilch23
    2 Posts
    pulubing_palaboy
    2 Posts
    myfxlife
    2 Posts
    Truly_Rich_Club
    2 Posts
    znihd
    2 Posts
    jeffie18
    1 Posts
    bauer
    1 Posts

    * Vote in this Poll Now!

    • How much is your monthly income?
    • Dot Less than PHP 10,000
    • 16 (4%)
    • Dot PHP 10,000 to 25,000
    • 76 (19%)
    • Dot PHP 25,001 to 50,000
    • 79 (20%)
    • Dot PHP 50,001 to 75,000
    • 44 (11%)
    • Dot PHP 75,001 to 100,000
    • 34 (8%)
    • Dot More than PHP 100,000
    • 134 (34%)
    • Total Members Voted: 380
    • View Topic

    * PinoyMoneyTalk.com

    * SPAM-free PMT!

    Help clean up the PMT Forum by reporting spam posts, troll messages, PM solicitation, or any other problem posts or members! Click the "Report to moderator" link at the bottom of every post.
    BloQcs design by Bloc
    SMF 2.0.4 | SMF © 2013, Simple Machines
    SMFAds for Free Forums
    SimplePortal 2.3.5 © 2008-2012, SimplePortal