Welcome, Guest. Please login or register.
Did you miss your activation email?

Author Topic: Newbie Guide to Forex Trading  (Read 143678 times)

0 Members and 1 Guest are viewing this topic.

Offline donya_buding

  • Newbie
  • *
  • Posts: 3
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #75 on: Aug 05, 2010, 08:38 PM »
Advertisement

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

  • Junior Member
  • *
  • Posts: 28
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #76 on: Aug 06, 2010, 06:19 PM »
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 5500
  • *
  • Posts: 5,597
  • Thanks Received: 3
Re: Newbie Guide to Forex Trading
« Reply #77 on: Aug 08, 2010, 12:34 PM »

...

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.

Offline rael

  • Forum Addict
  • *
  • Posts: 621
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #78 on: Aug 09, 2010, 10:36 PM »
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

  • PMT Idol
  • *
  • Posts: 2,260
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #79 on: Aug 10, 2010, 08:08 AM »
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
  • *
  • Posts: 3
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #80 on: Sep 08, 2010, 01:29 AM »
Would you like to learn FOREX? Contact me at imapip8@gmail.com.  Don't worry.  No commitment involved.

Offline alex888

  • Newbie
  • *
  • Posts: 5
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #81 on: Sep 16, 2010, 07:56 AM »
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

  • PMT Idol
  • *
  • Posts: 2,260
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #82 on: Sep 16, 2010, 10:01 PM »
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
  • *
  • Posts: 621
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #83 on: Sep 17, 2010, 12:01 PM »
@alex, try BPI (not BPI family).

Offline jdash

  • Associate Member
  • *
  • Posts: 54
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #84 on: Sep 27, 2010, 11:53 PM »
@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

  • Probie
  • *
  • Posts: 15
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #85 on: Oct 03, 2010, 02:10 PM »
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
  • *
  • Posts: 422
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #86 on: Oct 04, 2010, 11:06 AM »

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
  • *
  • Posts: 3
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #87 on: Oct 20, 2010, 11:03 AM »
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

  • Probie
  • *
  • Posts: 13
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #88 on: Oct 21, 2010, 03:21 AM »
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
  • *
  • Posts: 3
  • Thanks Received: 0
Re: Newbie Guide to Forex Trading
« Reply #89 on: Oct 22, 2010, 05:45 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?

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 Shoutbox

Refresh History
  • mark_Lee: hi im back
    May 22, 2017, 01:51 AM
  • aleishamae: hello everyone! newbie here.
    May 17, 2017, 05:25 PM
  • abdulmuiz141911: can someone help me register sa PSE?
    May 16, 2017, 01:36 PM
  • abdulmuiz141911: greetings of peace mga igan...
    May 16, 2017, 01:35 PM
  • supermom88: Hi there. I'm new in this forum. Good day to all of you.
    May 16, 2017, 07:04 AM
  • Tonisj: May nakakaalam ba dito supplier ng mga gadgets? Balak ko Kasi mag online selling. Thanks
    May 10, 2017, 11:24 AM
  • junedarellhausa: bago lang ako.. how to funds my paypal?
    May 09, 2017, 04:29 PM
  • docg: The position has been filled
    May 08, 2017, 12:52 PM
  • docg: Hello all, am looking for guest speakers for a personal finance event, organized by a student organization, please pm me for more info.
    May 07, 2017, 08:16 PM
  • icycool: So ano po online business nyo ngayon?
    May 05, 2017, 08:19 PM
  • LailanaeSu: New bee pano mag advertise dito?
    May 01, 2017, 03:48 PM
  • iamhilton: hello to all : ) If any question regarding online business i'll do my best para masagot yan : )
    Apr 30, 2017, 03:23 PM
  • allydelacruz: Hi newbie here, baka po may gusto magpasupply sa inyo ng bigas at seafoods dyan, from Obnado, Bulacan po ako.
    Apr 23, 2017, 03:07 PM
  • marison: Hello ..newbie here baka may alam kayo buyer ng lobster madami po kami stock
    Apr 20, 2017, 11:07 PM
  • chloe: hello po ask ko lng if ano proseso n dapat gwin pag transfer ng name sa pag ibig if si 1st owner ay ayaw n i continue ang monthly amprtization nya at si 2nd owner n ang mag cocontiniue need p po b ipa change name agad.?
    Apr 20, 2017, 04:20 AM
  • SiPoorMan: i suggest go to proper forum with regards on your concern Mperalejo
    Apr 19, 2017, 07:21 PM
  • MPeralejo: Is there regulatory body i can contact to complain about SMDC turn over after the company received my full payment
    Apr 18, 2017, 03:09 AM
  • MPeralejo: Very bad management service. I purchase unit in the 18th floor with expected turn over on 4/2016 which was delayed until 2017. I was told that the balance has to be paid off before turn over in January 2017 and paid the balance in full 3/9/17 with request to expedite. The same with my mother in-law's unit at 15th floor which was paid 2 weeks before mine. Until now, they will not turn over the unit and can only provide excuses that the engineering dept. is working on it. My aunt who is our representative/interior designer only has till May 14th to stay in the Philippines to get the units ready for my vacation in Jun 1st but they are now telling me that the turn over will be May 22, 2017 plus 1 week. They have receive our money since 3/9 and my mother in-laws in February, yet they want more than 3 months to turn over. By then, i am out of representative/interior designer that I would have to hire another and not only that, my family and I will not have a place to stay on our vacation therefore, i would need to rent elsewhere. SMDC is not willing to cover my losses nor do they know the meaning of "EXPEDITE". This company is a scam! They want your money and not willing to deliver on time. Is the government not regulating this kind of SCAM! I would rather receive a full refund than deal with this company. Don't buy from SMDC. It will be a nightmare for you!
    Apr 18, 2017, 03:08 AM
  • MPeralejo: Is there a complaint dept for SMDC?
    Apr 18, 2017, 03:07 AM
  • jfitz: Hi everyone! Newbie lang ako pero looking forward to learn personal finance :)
    Apr 17, 2017, 07:14 PM
  • mmel: :hello:
    Apr 13, 2017, 05:15 PM
  • edjr.foro: hi everyone! magshare din ako experience sa small business.
    Apr 10, 2017, 05:16 PM
  • mmel: :hello: :hello: :hello:
    Apr 05, 2017, 05:46 PM
  • anicaxia: Newbie here ✋
    Apr 02, 2017, 09:26 AM
  • jerinaciline: Hahalo
    Mar 30, 2017, 04:37 PM
  • geysanchezp: hi po. sino po kaya may alam ng patahian ng maramihang blouse yung mura lang po ang singil. salamat
    Mar 30, 2017, 10:32 AM
  • freakyserious: hi anyone who knows a supplier of c2s paper in rolls (hindi by ream). thanks!
    Mar 28, 2017, 05:45 AM
  • linmark16: hello po tanong ko lng kung anong magadang pagkakitaan online..
    Mar 25, 2017, 12:07 AM
  • Speedrace2380: Hi,,,isa po ako ofw dito sa saudi arabia,,,sino po may alam sa import export,,,
    Mar 22, 2017, 01:17 AM
  • xpp9392: hi im looking to borrow money please message me
    Mar 18, 2017, 07:32 PM
  • miembrolang: good day po... pahingi po ng link kung saan makikita step by step ng Pag-Ibig housing Loan lalo na ung tungkol sa Notice of Approval. tnx
    Mar 17, 2017, 04:44 PM
  • aiaicamps: hello po..im new user here.,,looking for an ukay ukay supplier,..thanks po..
    Mar 16, 2017, 01:05 PM
  • Markreen: HOw mgstart dto
    Mar 16, 2017, 11:44 AM
  • trepur10: wala rin akong alam :)
    Mar 16, 2017, 06:51 AM
  • Delna: hi im new
    Mar 12, 2017, 07:26 PM
  • Moniika: Paano  ba to  ? Haha
    Mar 12, 2017, 02:05 PM
  • Moniika: Hi guys
    Mar 12, 2017, 02:01 PM
  • Nhedz: Hi po. Newbie here
    Mar 12, 2017, 07:07 AM
  • dylanreggie: hi newbie here
    Mar 11, 2017, 05:58 PM
  • dhondiex27: Morning
    Mar 10, 2017, 08:55 AM
  • dodido1: good morning
    Mar 09, 2017, 06:21 AM
  • johnren110190: hi any tnt ofw in japan? nandito ako ngaun sa japan pero gusto ko mag tnt ang liit kc ng sahod ko legal ako pumasok pero mliit sahod pero ang trabho halos patayan kc construction.baka may pede jn makausap na tnt dto sa japan. salamat
    Mar 06, 2017, 10:25 AM
  • vicentecarandang: Hello everyone,, newbie for some business involvement...Hope to meet lots of investors..
    Mar 05, 2017, 06:10 PM
  • JustChris: hello everyone.. newbie here.  hope to get tips po for investing salamat
    Mar 05, 2017, 05:01 PM
  • Aldrine22: may alam kayo foreclosed house around laguna?super thanks sa sasagot
    Mar 03, 2017, 11:51 AM
  • magpayo.mattew: San po pala pwede iligay ang paypal ko dito? Di ko po makita
    Mar 01, 2017, 08:33 PM
  • magpayo.mattew: Hi newbie lang po
    Mar 01, 2017, 08:30 PM
  • Sacegirl: hello po! bago lang po ako. sana matulungan nyo ako. thanks!
    Mar 01, 2017, 01:40 PM
  • cess245: hello
    Mar 01, 2017, 01:26 PM
  • eme_eme: hello
    Feb 28, 2017, 08:34 PM