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Forex Newbie Questions

golyat · 56 · 13880

golyat

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on: Oct 28, 2007, 08:33 PM
Hi All,
Im new to forex and IM willing to learn no matter how long it takes.

I hope you dont mind if Ill post these questions.

1. Who is deciding the currency rates?
2.If forex is just buying and selling currency,why there is a risk?
3. Is forex be considered as GAMBLING bec. you need to predict whether the rate is going up or down just like "pula or puti"
4. About charting, are the charts be centralized and be updated electronically by one source?
5.In candlestick (babypips.com) chart it says,
"Long white candlesticks show strong buying pressure. The longer the white candlestick, the further the close is above the open. This indicates that prices increased considerably from open to close and buyers were aggressive."
    If it says the buyers were agrressive, does it means that while the trading is going on, some one is updating
those charts in every moment to indicate the current situation on the forex market? How does it affect  the trending?
6. Why does a currency goes down when there is bad news in a particular country?

You might laugh at these questions but please I need your kind answers. They said" questions are stepping stone towards once success" and " You cant learn anything without asking questions" :thankyou:
« Last Edit: Oct 29, 2007, 11:03 AM by nailbiter »


golyat

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Reply #1 on: Oct 30, 2007, 08:17 PM
OK. seems no one is kind enough to answer my questions.  :D

My last question is: Kung kumikita po kayo sa Forex Trading, bakit pa kayo nagpapaseminar ng may BAYAD? :thankyou:
« Last Edit: Nov 02, 2007, 10:50 AM by nailbiter »


Lightwind_99

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Reply #2 on: Oct 30, 2007, 08:36 PM
Actually golyat, your questions are already mentioned on former posts  :hello: you can do reading on them, i'm sure most will answer your queries.
people conduct seminar to widen as well help people deal with this field effectively and also expand their business in forex trading. at syempre may bayad kasi you are hiring their field of expertise which they gained much on studying, not to mention what they paid for their tuition and miscellaneous expenses ...walang Bayad unless it's Charity  :D

well let me try answer your questions but keep in mind i may "NOT" have the right answers because i'm a newbie too :D
1. the currency rates is decided by many factors as a whole, this involves economic conditions, diplomatic standing, etc. etc.
2. yes forex is buying and selling of currency pairs. there is a risk, because you may  lose at the exchange rates.
3.Yes forex is a Gamble, you dont know what will comes next. if you make a wrong decision you may be seeing your money or equity Gone in a jippy.
4.charts have to be centralized or precise. If its not then its cheating..i think in trading they call it "churning"...uhmm not sure though...
5. yes white candlesticks signifies a lot of people are buying, black candlesticks means people are selling more. yes everything is automatically updated in split seconds, processors and databases are responsible for that. if it says the buyers are aggressive then it means more people are buying thus raising the current price of a currency, they make a push thus giving an up-trend in trading charts.
6. yes a currency goes down due to economic or any political related problems coz it gives bad vibes...it correlates to a lot of factors really...in short you have to know about fundamental analysis in trading if you want to know more.

and no we don't laugh with your questions, it's good you ask coz you are curious which is a good sign you are interested in this field.  :hello:
« Last Edit: Oct 30, 2007, 09:06 PM by Lightwind_99 »


fxwarlock

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Reply #3 on: Oct 30, 2007, 09:25 PM
 hi guy's to all newbies want to know more about forex in a layman term please kindly pm me i'll give you my YM id discuss some trading entry and exit signal, significant in the market and so on and on!!... im doing forex trading for six years, so many experience even guts and glory.currently im handling clients account ( manage accunt and guaranteed account) my brokers are fxsolution,mb trading and dukascopy its depend about the criteria of the investor. u know forex is not easy to learn easily but u need na mag start ka ngaun.. just like want u learn martial arts u need to start in basic training make dicipline is your first stepping stone, then pag medyo magaling ka ng mag punch and kick you maintain your reflex in your body para when it tournament come kaya mo na umabsorb ng suntok na hindi ka ganu nasasaktan which in the forex referring sa mga mistake mo sa execution and sometimes failure kung worse pa wipe out ang account mo, but you have good determination that whu you give more lot of practice again into dynamic approach untill you must balance your risk and return exciting ang forex but sometimes a lot stress did you encounter marami magaling na mentor but sometimes hindi sila well verse pag nagti trade siguro consider mo rin psychological approach very important yan sa forex as a trader even untill now now nag study pa rin me develop some methodology and strategies...


mbd

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Reply #4 on: Oct 30, 2007, 09:55 PM
lightwind_99
may alam ka bang seminar on forex between jan 15 and 29? uuwi kasi ako sa atin at kahit siguro anong seminar about investment eh papasukin ko kasi sayang ang chance na andyan na din di ba sana makaattend n ako.


Lightwind_99

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Reply #5 on: Oct 30, 2007, 10:05 PM
seminar? I think Si "Mike QC" dito sa forum sya yung nag-aarange ng seminar kay Mark So about Forex trading and in paricular inverse hedging . pwede mo private message mo sya. baka mabigyan ka niya ng advance schedule  for January seminar  :hello:


ghiby

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Reply #6 on: Oct 31, 2007, 12:24 AM
@mbd ke MikeQC or Mark So ka nga magtanong... me mga post sila about sa seminar dun sa forex thread.. magbasa ka muna sa babypips.com about forex.. ako ganun din ginawa ko nung nagbakasyon ako sa pinas last august in-ensure ko talga na maka-attend dun sa inverse hedging ni Mark So.. then habang di ka pa nakaka-attend sa seminar is mag-open ka ng mga demo accounts sa FXCM or sa iba (www.fxcm.com) para mafeel mo yung forex trading virtual money lang ang gagamitin mo dito.. puede ka rin mag-open dun sa Freedom Rock trial.. tanong ka lang ke MikeQC.. ako dun ako nagsimula sa free trial ng freedomrock at mga demo account plus yung class ni Mark So (di ko na kinuha yung live ng freedomrock me monthly payment kase sya e) tsaka sa class ni Mark bale tuturuan ka rin ng money management don..  


Mike QC

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Reply #7 on: Oct 31, 2007, 01:55 AM
Yes mbd, most likely we will be having a seminar at that time.  

@Lightwind, thank you so much for also helping out and really appreciate it.

@ghiby, thank you din syo bro! :)


fxwarlock

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Reply #8 on: Oct 31, 2007, 05:45 PM
hand 5 up!!.. golyat :applause:


Mike QC

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Reply #9 on: Oct 31, 2007, 06:57 PM
Quote from: golyat
My last question is: Kung kumikita po kayo sa Forex Trading, bakit pa kayo nagpapaseminar ng may BAYAD?

YES gimme a high 5 too golyat!  Wow looks like you got a very effective crystal ball. :idea:  

And to my friend, Mark So, if you're reading this, golyat is right! bakit nga ba tayo nagpapabayad pa kung kumikita naman tayo sa forex??? :think:

Naku Mark, I guess golyat is right hindi nga siguro tayo kumikita sa forex hehe. My gosh kawawa naman pala tayo Mark. :cry:

Anyway, just kidding golyat! Seriously, I see that Lightwind was so kind enough to answer your questions already. Many thanks to you Lightwind. I also recommend that you go check on babypips.com which is a very informative site and really great for forex newbies. :peace:

 


nailbiter

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Reply #10 on: Nov 02, 2007, 11:10 AM

OK. seems no one is kind enough to answer my questions.  :D

My last question is: Kung kumikita po kayo sa Forex Trading, bakit pa kayo nagpapaseminar ng may BAYAD? :thankyou:


That's rather harsh, golyat. It's funny how you point out that responses we get to our questions here in the forum are borne out of kindness, yet you seem to resent it when you don't get your answers fast enough or well enough. The people posting in this forum are handing us their knowledge, experience, advice and opinions, indeed, for FREE. Those of us who benefit from their expertise are really in no place to impose.

Also, you seem to address "kayo" in general. Just to clarify, any of these paid forex seminars that are being mentioned in the forum are NOT offered by PinoyMoneyTalk.com. We are not connected to BusinessMaker Academy. It just so happens that their Chief Forex Trader, Mark So, is also a member of the PMT Forum so we have been made aware here of the courses they offer. Fyi, when Mark So was invited to do a forex trading lecture for the last PinoyMoneyTalk EB, he did it for FREE.


golyat

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Reply #11 on: Nov 02, 2007, 08:02 PM


YES gimme a high 5 too golyat!  Wow looks like you got a very effective crystal ball. :idea:  

And to my friend, Mark So, if you're reading this, golyat is right! bakit nga ba tayo nagpapabayad pa kung kumikita naman tayo sa forex??? :think:

Naku Mark, I guess golyat is right hindi nga siguro tayo kumikita sa forex hehe. My gosh kawawa naman pala tayo Mark. :cry:

Anyway, just kidding golyat! Seriously, I see that Lightwind was so kind enough to answer your questions already. Many thanks to you Lightwind. I also recommend that you go check on babypips.com which is a very informative site and really great for forex newbies. :peace:

 


Hello All! Thanks for your reply! specially to lightwind.
Thanks to sir Mike too. Hope to meet soon. Im just too busy here.

Have a nice weekend!
   
Posted on: Nov 02, 2007, 07:52 PM



That's rather harsh, golyat. It's funny how you point out that responses we get to our questions here in the forum are borne out of kindness, yet you seem to resent it when you don't get your answers fast enough or well enough. The people posting in this forum are handing us their knowledge, experience, advice and opinions, indeed, for FREE. Those of us who benefit from their expertise are really in no place to impose.

Also, you seem to address "kayo" in general. Just to clarify, any of these paid forex seminars that are being mentioned in the forum are NOT offered by PinoyMoneyTalk.com. We are not connected to BusinessMaker Academy. It just so happens that their Chief Forex Trader, Mark So, is also a member of the PMT Forum so we have been made aware here of the courses they offer. Fyi, when Mark So was invited to do a forex trading lecture for the last PinoyMoneyTalk EB, he did it for FREE.


 First Im not a regular member here reading all the posts. Im sorry if you feel that Im harsh but I think Im not. Sorry, I didnt know how to post the right way.
But I feel your judging me externally.
 And of course I know you are the admin here so what? JUst delete my thread if you feel harshed. No big deal.


nailbiter

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Reply #12 on: Nov 03, 2007, 09:32 AM
If your thread goes against the forum rules and deserves to be deleted, it would be. Asking questions is necessary, as you pointed out in your first post, that's the way to learn things. We welcome that here. But to whine that "no one is kind enough" to answer your questions while they remain unanswered and to imply that you'll only get help if you pay for it is uncalled for.


bennethlennon

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Reply #13 on: Nov 17, 2007, 02:23 PM
kelan magkakaroon ng forex seminar?


netzir

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Reply #14 on: Nov 22, 2007, 10:21 AM
question from a newbie: gaano kalaking capital ang kailangan para mag start sa forex trading?

sa aking tingin ang forex trading ay very minimal ang changes ng currencies so i think you need a larger capital/investment to make substantial income. tama ba?


 


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