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Newbie Guide to Forex Trading

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wilch23

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iloveforex

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hello NTC, forex investment has no winning guarantee but if you will learn it you will soon know how to calculate your risks. I have evaluated many robots and all of them doesn't always make me win.  Lean to Trade is capitalizing with the fact that Filipinos are eager to do anything to make money. That 80k is already worth more than an investment to start with. Remember the 80k is not yet part of the fund that you have to put in to start trading. So it isn't wise.

i have met some of the people from a Cebu based company who teaches forex for free out of passion. they are forming a support group so you may want to tap with them. all they do is study study and study and they really help each other. Forex Cebu is the trade name of the company and you can check them at forexcebu dot com. since I travel a lot I welcome the thought of meeting them someday. i've heard they got new friends who also attended the recent learn to trade seminar in cebu, these guys were kind of disappointed with the result, so far they're happy dealing with forexcebu. let me know if you are able to talk to anyone of them.

regards


ntc

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hi iloveforex, how long have you been trading forex if i may ask? how many and how were you able to evaluate the robots? i assume those are the softwares right? how much did you spend to test those robots? You said they dont always make you win but isnt that expected? i mean you cant win 100% of the time but as long as your wins outnumber the losses, and you are profitable, i guess it should be a good thing right? have you tried using the smartcharts? or maybe i should ask what software have you used and made good returns for you?


iloveforex

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Been trading for more than 16 years already NTC and i'm now sticking to my own analysis via Metatrader4 and Tradingview as they both have useful tools.



ntc

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ay, mahal pala!

hi, wilch23, why do you say mahal? how much are you willing to spend for this kind of offer?


ntc

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Been trading for more than 16 years already NTC and i'm now sticking to my own analysis via Metatrader4 and Tradingview as they both have useful tools.

i see. how did you get started? how long before you actually became a profitable trader? do you really have to experience losses and commit mistakes to be a profitable trader? because with this "learn to trade", they are like "cutting short the learning curve" so you wont have to spend so much time making trial and error on demo accounts and just go directly on making money.

that's what i understood from the 2 hour seminar but when i checked out the take home usb which contains the modules, i felt that 3 days of training will not be enough to be able to understand forex and i am just lost right now because quite honestly, i dont know if 1-2 hours a day of studying and trading will be enough to make you a profitable trader or will it?


iloveforex

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Started profitable back in 2002 market was pretty predictable si when reversal came I had my share or loss too. It was only 8 years after that I decided to really sit down and study.

Once you have the forex basics it's easier to learn everything, you don't need to loose actually. You just have to be very careful and back yourself with a trade plan all the time.

I'm actually jobless but i'm a full time trader. Makes life exciting.


ntc

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Started profitable back in 2002 market was pretty predictable si when reversal came I had my share or loss too. It was only 8 years after that I decided to really sit down and study.

Once you have the forex basics it's easier to learn everything, you don't need to loose actually. You just have to be very careful and back yourself with a trade plan all the time.

I'm actually jobless but i'm a full time trader. Makes life exciting.


ok so from your 1st-8th year, how were you trading? how much in monthly percentage were you making and how? just by yourself applying the basic knowledge? or you bought softwares to do the thinking for you? then on your 9th year up to now, have you been more profitable? how much growth did you make in your portfolio when you started to sit down and study?

how long do you think is a decent timeframe to learn the basics of forex for someone who has zero knowledge but is intelligent enough to understand basic concepts? like a fresh college graduate for example?

could you please define full time? how many hours/day and days/week do you trade and how many hours do you need to come up with a trade plan? do you do the trade plan daily? weekly? monthly? annually?



wilch23

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PhilForEx

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 Hi.. i'm new to ForEx trading, and i've already blown an account. kasi na-excite ako. ndi ako nag demo.. :(
pero, ngaun nagdedemo nku.. too late, pero, ok lang. and i'm grateful na nakita ko tong thread nato sa PMT.. real experience of real traders pump me up.. :D
im looking forward na marami po aqng mapupulot na lessons and advices sa inyo.. thanks po :D
 :thankyou:


ethanolmos

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Hello, everyone!
I'm new on this forum. But I bring some of an old info to share. As it has been told for a million times, you should start practicing without financial risks or your forex experience will turn in worst gambling ever. So you should start with Brokers with low spread or zero spread to fill your hand.
Hope you'll notice this and avoid critical mistakes!
« Last Edit: Aug 22, 2017, 05:49 AM by ethanolmos »


Searching

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Hello everyone, I am currently looking for a broker where I can learn the basics of trading. Do you have any suggestion which one is the best? Thanks a lot :-) :-)


viper0302

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To learn the basic I suggest babypips.


To learn how to successfully trade, I suggest communicate with traders who has successful trading account of at least 1 year.


Ask them how they do it. If they offer it for Free your lucky. But usually successful traders ask for a payment for their successful strategy.


I do the same thing. I have rules on trading that someone can duplicate and earn from it.


PM me so we can discuss.



wmsilva

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hi. I'm new in forex and would like to talk to a forex group here in manila same as that of forexcebu mentioned.


chris4stuff

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XM will have a seminar on Oct 21 Saturday, 10am to 4pm in Dusit Hotel
If you want to attend, please register here: https://clicks.pipaffiliates.com/c?c=225013&l=en&p=7


Only 150 registrants will be allowed


To be able to claim your free real $30, you need to create a real account
https://clicks.pipaffiliates.com/c?c=225013&l=en&p=1


I will see you there


 


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