Author Topic: Newbie Guide to Forex Trading (Read 51800 times)

PaoloValler · « **Reply #360 on:** Jul 18, 2012, 04:30 PM »

^

Thank you for the reply sir! Will take note!!

_{No need to quote previous post.}

kambal825 · « **Reply #361 on:** Jul 18, 2012, 07:28 PM »

Mga ka PMT, since na naglalaro po ako sa forex demo, may 3 settings po akong ginawa, first I buy eur/usd then set the trading profit, stop loss, etc.. 2nd naman po buy again then set everything but this time set for 1 month. And lastly buy Lang po then never set anything. Ok Lang pa na buy Lang ako at di na magset ng mga options like stop loss, trailing stop, days to hold the trade, etc....? Magkakaroon po ba ng problem Kapag ginawa ko yun sa actual trading? Salamat po sa tulong......

Prospera · « **Reply #362 on:** Jul 19, 2012, 10:29 AM »

@PV: Whatever you do, wait before quitting your job just yet. Don't believe the hype about forex trading being the quickest way to untold riches. You need to be profitable demo-trading first before you think about putting money in a real account. And a target of 8% a day is not realistic; some people are happy pulling 10% out of the market in a month--or yes, even a year! :-)

ferrariEverest · « **Reply #363 on:** Jul 19, 2012, 12:17 PM »

Sir kambal,
masyado mechanical ang ginagawa mo.
hindi po ganyan kasimple, at least sa umpisa, ang trading.
although pwede nyo pa rin gawin yan pag tumagal na kayo sa trading.

pwedeng magkaproblema kayo pag hindi kayo nagset ng stop loss, kasi baka maubos kapital nyo (or tinatawag na margin call).
pero kung mababa ang gamit nyo na leverage (1:1 up to 1:50) AT maliit ang position size na gamit nyo sa bawat trade, hindi kayo basta basta ma-MC (margin call).

Prospera · « **Reply #364 on:** Jul 19, 2012, 02:36 PM »

@kambal: Huwag mag-madaling sumabak sa live-trading. At least sa demo, lahat ng klaseng trial and error ay p'wede mong gawin without putting your funds at risk. (Tingnan mo kung anong magiging resulta, halimbawa, pag wala kang inilagay na take profit o stop loss.)

denyx01 · « **Reply #365 on:** Jul 20, 2012, 10:33 AM »

^^

Agree ako kay ferrari. mejo risky tlga ang walang naka abang na control order. In that case, hindi malayo na masusunog agad ang live trading mo. You should analyse carefully the market, though hindi man ma perfect.. pairalin ang patience management mo as a trader.. Im a trader for almost 7 years now.. I only focus sa isang indicator, my weapon is discipline and patience at trading.. i do trade in a conservative apporoach sa market.. Im inlove with the stop loss ;p rather in a locking position... i believe in technical but fundamentals is more powerful.. in short both funda and tech shows the movements and direction for the currency. what ever feds i receive from different brokers and analyst.. the best parin saken ung support and resistance level...

Share ko lang po ito..my opinion towards trading..
Sana makatulong ^^

PaoloValler · « **Reply #366 on:** Jul 21, 2012, 12:10 PM »

Quote from: kambal825 on Jul 18, 2012, 07:28 PM

Mga ka PMT, since na naglalaro po ako sa forex demo, may 3 settings po akong ginawa, first I buy eur/usd then set the trading profit, stop loss, etc.. 2nd naman po buy again then set everything but this time set for 1 month. And lastly buy Lang po then never set anything. Ok Lang pa na buy Lang ako at di na magset ng mga options like stop loss, trailing stop, days to hold the trade, etc....? Magkakaroon po ba ng problem Kapag ginawa ko yun sa actual trading? Salamat po sa tulong......

Sir, newbie lng po ako, pero from what I have learned if you don't put a stop loss, next thing you have is stop out. You are allowing yourself to lose 90% of your account just in case the currency drops big time. You will never know if its going up or down, how big the movement will be.
The stop loss is there so you could calculate your risks. So it is very vital to put in stop loss. Siguro ok lng kung walang take profit kung mag tetrail or constant modification ka.

Post Merge: Jul 21, 2012, 01:21 PM

Quote from: Prospera on Jul 19, 2012, 10:29 AM

@PV: Whatever you do, wait before quitting your job just yet. Don't believe the hype about forex trading being the quickest way to untold riches. You need to be profitable demo-trading first before you think about putting money in a real account. And a target of 8% a day is not realistic; some people are happy pulling 10% out of the market in a month--or yes, even a year! :-)

Got it sir.

julz · « **Reply #367 on:** Jul 22, 2012, 01:35 PM »

meron po bang Forex Seminars I can attend free or for a fee?
pansin ko lang parang masmahal din ang Forex Trading Seminars compared to Stock Trading Seminars.

Another question, if you had 200k, what percentage would you use/how much would you put in Forex?
Of course, the rest should be spread out to other forms of investment for diversity (risk)

jane_p · « **Reply #368 on:** Jul 27, 2012, 03:13 PM »

anu po ba ang magandang forex broker? how do i fund account using metrobank as my main bank?

part_timer_lang · « **Reply #369 on:** Jul 27, 2012, 08:29 PM »

@julz, bka interested ka attend dito - http://www.powerupcapital.com/fxph/index.html#register.

Punta sana ako today pero umuulan, hirap pumunta. May next sched pa sila. Free.

Prospera · « **Reply #370 on:** Jul 28, 2012, 06:27 AM »

^Been seeing their ads for many days now (claiming basically to transform traders into "instant forex millionaires") and wondering if anyone has attended?

What's the real deal with these guys? Are they offering training or forex signals? Are they introducing brokers?

Would love to get anyone's feedback.

ferrariEverest · « **Reply #371 on:** Jul 28, 2012, 09:13 AM »

^ matagal na yan si Kishore. more or less 2-3 years na yan.

ang style nya, parang MLM, may speaking engagements sya.
inoobserbahan ko lang sya as years move along (via email).
IB siguro sya. need further scrutiny.

sa mga newcomers I suggest mag ingat kayo.
kung malakas sila maglabas ng ads, well, alam nyo na, may motibo... pang-akit lang yung 'free seminar'.
u must understand kahit umattend kayo ng isang libong paid/free seminars, balewala kung d kayo papasa sa 'acid test' (at least 1-5 years of LIVE trading)

arieskrus · « **Reply #372 on:** Jul 28, 2012, 03:37 PM »

anyone here member of forexclubasia? ok din b seminar ni mark so? mag-aaral p lng ng forex... been trading stock...

ferrariEverest · « **Reply #373 on:** Jul 28, 2012, 05:43 PM »

magkano po seminar nya ngayon?
ayaw nyo ba ng libre lang? basa sa internet or basa libro/ebook.

Senyor · « **Reply #374 on:** Jul 28, 2012, 07:25 PM »

Quote from: part_timer_lang on Jul 27, 2012, 08:29 PM

@julz, bka interested ka attend dito - http://www.powerupcapital.com/fxph/index.html#register.

Punta sana ako today pero umuulan, hirap pumunta. May next sched pa sila. Free.

Quote from: ferrariEverest on Jul 28, 2012, 09:13 AM

^ matagal na yan si Kishore. more or less 2-3 years na yan.

ang style nya, parang MLM, may speaking engagements sya.
inoobserbahan ko lang sya as years move along (via email).
IB siguro sya. need further scrutiny.

sa mga newcomers I suggest mag ingat kayo.
kung malakas sila maglabas ng ads, well, alam nyo na, may motibo... pang-akit lang yung 'free seminar'.
u must understand kahit umattend kayo ng isang libong paid/free seminars, balewala kung d kayo papasa sa 'acid test' (at least 1-5 years of LIVE trading)

nag register ako Boss. Aug 2,2012 Thursday sa Manadarin.
Tamang tama matingnan ko yung estilo nya.
Tara kita tayu dun.