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Author Topic: Newbie Guide to Forex Trading  (Read 52800 times)

Offline silent_investor

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Re: Newbie Guide to Forex Trading
« Reply #465 on: Sep 20, 2012, 10:13 PM »
^^ Well, kaya while in demo pa lang, try to control the emotions na daw. Dapat mechanical. Pero that is so easy to say but so hard to do.. Yung mga veterans na po dyan, pa share how you did it =)

Offline ferrariEverest

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Re: Newbie Guide to Forex Trading
« Reply #466 on: Sep 21, 2012, 08:00 AM »
bata pa ko d ako veteran ha, LOL.. magbabahagi lang ng konti

para d mangibabaw ang emotions, maghakot kayo ng knowledge at experience.
usually, emotions ang mangingibabaw pag d mo alam ang ginagawa mo, or when u lack the necessary knowledge/experience.

trade realistically sa demo. kung ang totoong capital nyo pag nag live trading is $100 or $1000, dapat yan din ang idedemo nyo, $100 or $1000 lang. wag nyo tanggapin yung $50k or $100k na demo offer ng brokers.
kung gusto mag live, pwede naman. mag umpisa sa $1 to $100, tapos gumamit ng mababang leverage (50:1 at mas mababa)
What would you attempt to do if you knew you could not fail? - Robert Schuller Don't limit your challenges - challenge your limits.

Offline silent_investor

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Re: Newbie Guide to Forex Trading
« Reply #467 on: Sep 21, 2012, 10:28 AM »
Naka automatic kasi yung $100,000 sa demo... di ko na tiningnan kung paano ibaba sa $500. Pero ang ginawa ko, tiningnan ko kung anong lot size kung kakasya sa $500 na may buffer pa para di ma margin call. So I saw that I can trade from .1 to .3 lang. So yun ang ginawa ko.

Personal goal ko is mga 25 pips per closed trade. Target Price ko na yun para maiwasan ang greed. Psychological lang din yung $25 kasi equal na yun to P1000. So maka isang trade lang ako every day, parang P20,000 na pwede ko kitain na additional each month. Admittedly, this requires discipline which I am still working on.

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Re: Newbie Guide to Forex Trading
« Reply #467 on: Sep 21, 2012, 10:28 AM »


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Offline freeman12

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Re: Newbie Guide to Forex Trading
« Reply #468 on: Sep 21, 2012, 11:32 AM »
^ sa oanda pwede mong baguhin yung funds sa demo account. Thanks sa tip silent_investor, ibinaba ko yung available funds  to $1000.
ANG HIRAP PALAGUIN, $2-3 lang ang usually profit ko.  :wall:

Offline silent_investor

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Re: Newbie Guide to Forex Trading
« Reply #469 on: Sep 21, 2012, 01:43 PM »
Nice freeman12 hehe at least masanay ka na ngayon pa lang. Teka, $2-3 dollars na gain means kumita ka lang ng 2-3 pips di ba? Parang ang hirap ata nun...

Offline freeman12

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Re: Newbie Guide to Forex Trading
« Reply #470 on: Sep 21, 2012, 01:54 PM »
^ oo ang baba, parang 1 pip sa usd/jpy ay $0.10 lang sa account ko, medyo magulo sa akin yung margin at leverage, di ko pa po masyado maintindihan.  :think:

Offline calbert

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Re: Newbie Guide to Forex Trading
« Reply #471 on: Sep 21, 2012, 03:34 PM »
oo nga po e, eh sa $1000 parang ang hirap i-risk. baka di nako makatulog pag nag live ako. :hihi:
Hay naku pre I already open live account of $900, I reach as of now $2,110 in just 12 days hehhee ... pre no risk no reward remember that :)
Para ganhan ka, open short at EURUSD below 1.3015 S/L 1.30 T/P 1.2920 then next 1.2920 ....

Post Merge: Sep 21, 2012, 03:40 PM
then next T/P 1.2905 pala hehee :)
« Last Edit: Sep 21, 2012, 03:40 PM by calbert »

Offline silent_investor

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Re: Newbie Guide to Forex Trading
« Reply #472 on: Sep 21, 2012, 04:04 PM »
@ Calbert

Tama ba, target profit mo is around 80 pips and using a lot size of .6?

Nag drop na nga EURUSD kanina...

Offline freeman12

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Re: Newbie Guide to Forex Trading
« Reply #473 on: Sep 21, 2012, 04:15 PM »
:applause: galing ni bro calbert! di pa lang ako ganun ka confident para mag-live. aral aral pa. :hihi:

mga sir, yung 4 po ba sa pic sa baba ay pipette o pip, nag gain po ba ako ng 50pips or just 5pips lang? medyo nalilito parin po..


sa demo kasi before ang trade ko ay 1 lot (100,000 units) na may $100,000 balance;
Ilan po ba ideal units to trade kapag ang leverage is 20, on a $1000 account?

sorry sa questions, newbie lang talaga. :hihi:

Post Merge: Sep 21, 2012, 04:33 PM
Nag drop na nga EURUSD kanina...
around 45pips yata drop nya tsk
« Last Edit: Sep 21, 2012, 04:34 PM by freeman12 »

Offline silent_investor

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Re: Newbie Guide to Forex Trading
« Reply #474 on: Sep 21, 2012, 04:47 PM »
^^ At just this hour (since 4pm) it has zoomed back up above 1.30xx!!! That is how fast you can win or lose in forex.

Freeman12, kung 4 digits lang nakikita mo after the decimal, pips yun. Some have 5, like mine, so pipette yung amin. Ang reminder ko parati, 200 na move sa chart ko, 20 pips pa lang yun talaga.


Offline freeman12

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Re: Newbie Guide to Forex Trading
« Reply #475 on: Sep 21, 2012, 04:53 PM »
^^oo nga biglang bulusok ng USD vs eur and gbp, anyare :hihi:
Thanks sa clarification silent :)

Offline calbert

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Re: Newbie Guide to Forex Trading
« Reply #476 on: Sep 22, 2012, 01:17 AM »

1. click po dun sa window/browser  na gusto nyong i screenshot
2. tapos press yung "print screen" button sa keyboard
3. open mspaint tapos press "Crtl+V"
4. crop nyo na lang yung pic, or edit yung personal details, and save as "screenshot.JPG"
Tnx you Sir


kapag ok na yung picture go to http://tinypic.com/ para ma upload and maipost yung link/thumbnail dito sa pmt.

hope this helps :)

Post Merge: Sep 22, 2012, 01:19 AM
@ Calbert

Tama ba, target profit mo is around 80 pips and using a lot size of .6?

Nag drop na nga EURUSD kanina...

Yup pro di ko pa n reach ang target ehh ... medyo mataas ngayon but siguro papasok din sa target ko :)

Post Merge: Sep 22, 2012, 01:35 AM
Sir Fe tanong lang po, is it okey po ba na eh cut mo yung entry mo kahit di na attain ang target? kasi sabi sa nabasa ko eh make a plan and excute the plan, its only 2 way to end yung entry its either T/P or S/L tama po ba yun? Whet do you think?

Post Merge: Sep 22, 2012, 02:51 AM
:applause: galing ni bro calbert! di pa lang ako ganun ka confident para mag-live. aral aral pa. :hihi:

mga sir, yung 4 po ba sa pic sa baba ay pipette o pip, nag gain po ba ako ng 50pips or just 5pips lang? medyo nalilito parin po..

You to consider the last 4 decimal places so 5 pips lang n gain mo. :)

sa demo kasi before ang trade ko ay 1 lot (100,000 units) na may $100,000 balance;
Ilan po ba ideal units to trade kapag ang leverage is 20, on a $1000 account?

sorry sa questions, newbie lang talaga. :hihi:

Post Merge: Sep 21, 2012, 04:33 PM
around 45pips yata drop nya tsk

Post Merge: Sep 22, 2012, 02:54 AM
Sir Freeman you have to consider the last 4 decimal places, so bali 5 pips ang profit mo. :)
« Last Edit: Sep 22, 2012, 02:54 AM by calbert »

Offline calbert

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Re: Newbie Guide to Forex Trading
« Reply #477 on: Sep 22, 2012, 11:27 AM »
 This is what happen in my last trading http://i45.tinypic.com/eurg42.jpg  :D

Post Merge: Sep 22, 2012, 11:30 AM
This is what happen in my last trading http://i45.tinypic.com/eurg42.jpg  :D
I cannot post my trade  :help:
« Last Edit: Sep 22, 2012, 11:30 AM by calbert »

Offline freeman12

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Re: Newbie Guide to Forex Trading
« Reply #478 on: Sep 22, 2012, 01:26 PM »

Post Merge: Sep 22, 2012, 02:54 AM
Sir Freeman you have to consider the last 4 decimal places, so bali 5 pips ang profit mo. :)

Thanks sa clarification bro calbert :)  BTW mali yata yung screenshot nung trade mo, cute baby girl kasi yung nasa pic. :hihi:

Ako naman since mostly sablay pa rin ako sa long term trade (days), karamihan ng gains are from manual closing. Basta may gain na ng at least $3 at medyo alanganin yung prediction ko, pwede na. :hihi:

BTW i raised my leverage from 20 to 50 sa demo. By far, di pa naman pumuputok account ko. Wish me luck. :hihi:
« Last Edit: Sep 22, 2012, 01:32 PM by freeman12 »

Offline calbert

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Re: Newbie Guide to Forex Trading
« Reply #479 on: Sep 22, 2012, 02:15 PM »
Eto yung trade ko I just manually closed to last night kasi its almost 1:00 pm na dito (+3 GMT) i gain 43 pips @ 0.3 = $129 kinita kahapon  not bad for beginner hehehe   :D

Post Merge: Sep 22, 2012, 02:17 PM

Bakit maliit

Post Merge: Sep 22, 2012, 02:26 PM
Sir Fe tanong lang po, is it okey po ba na eh cut mo yung entry mo kahit di na attain ang target? kasi sabi sa nabasa ko eh make a plan and excute the plan, its only 2 way to end yung trade, its either T/P or S/L tama po ba yun? What do you think?

Post Merge: Sep 22, 2012, 03:16 PM
1:00 AM (+3 GMT) pala not 1:00PM hehehe :)
« Last Edit: Sep 22, 2012, 03:16 PM by calbert »

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Re: Newbie Guide to Forex Trading
« Reply #479 on: Sep 22, 2012, 02:15 PM »
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