You start in Forex trading, this forum is for you

Hello!!!
I´m a totally bigenner, I want to know where I can find more information about Forex
Thank you

Hello felipeca25,
You can find more information on Mataf, in this forum
What do you want to know exactly?

I hope I can help you when you need it. Im not an expertise person, but I´ve been trading around 8 months, so Welcome!

the same felipeca25 ?

I stopped using forums a few yrs ago because i was listening to everything, which can be good on 1 hand but not on the other. Anyway i have been helping others with the basics of trading so if you need any advice please let me know.

I traded forex on and off for past 2 years but never had much success. My plan is simple i am looking for a startegy to make $10-$30 per day, i am not hungry for large profits and am not looking to make millions, i have a good job just want to make 500-1000/month as a side income. Can you suggest me a simple strategy or tips...

Great Site, Many Thanks for your analysis.

Keep up your good works.

I have been trading FX for about three weeks now, reading through the numerous sites I've found, picking out what seems helpful and logical to me. On monday 20 October 2008 I opened a practice account with 5,000 dollars in it. 5 days later, on friday night, I had 32,499 dollars from trading breakouts mostly, but also because I anticipated that the GBPUSD and EURUSD would not be able to maintain their sudden gain from thursday. Now I'm wondering how realistic such profits are considering that the markets are in acute distress at the moment and trading might be more erratic than normally. Please excuse me posting actual numbers but I would like to hear some opinions from people who've been trading for a while before I invest my real money. Is such a return replicable or was that just down to favourable conditions?



PS - I had a different trading account the week before where I managed to turn 5,000 into 12,300 within a week, but I forgot some positions over the weekend and lost almost all of it so I abandoned that account and decided to start up fresh with some valuable experience gained - not to leave positions over the weekend.

thanks

Work, work and work. And you'll have enough experience to make money



thank you !


Try on a mini real account with 100$. Trading with real money is not the same thing

First you have to see the film Rogue Trader ( http://en.wikipedia.org/wiki/Rogue_Trader_(film) ). You will learn that to close positions is important. You need to accept losses.


Recommended:
http://www.adforexsignals.com

Hey guys I wanted to know some helpful sites I can go to. Thanks

Hi Shay... Mataf.net ?

Hey arnaud well actually I mean like other sites where I can also get information about forex I’ve been checking out babypips I just want to know if there are anymore sites I can visit.

Arnaud

Just wanted to say thanks for the great Technical Analysis on this site, I find it very useful

all the best

Mark

Hey shay actually you can check out other sites like forexfactory and fxstreet there you’ll fing good info but to be honest with you the best to me is babypips I mean the whole school is very complete.

Hello Everyone : )
I am a real new beginner. I had pass one 4weeks course
with its all theoretical and piratical stuff and now i have one
test for two weeks i have to make 50% profit from 5000 demo $
with some restrictions - no cross curses, max S/L and minimal T/P
the problem is first week i just close two 5000$ accounts : ) (I am very
good at this:) and i know that i just missed something on my way
to knowledge. Also i had read around 3-4 ebooks about Forex
all of them Sux... but any way there was one very good material
about bolliger and RSI here it is:

http://www.trading-naked.com/library/%5BTr...20and%20RSI.pdf

and i have to apologize to the Mr. Juelin... I don't want to consider this as
advertise or a way of underestimating the information that you provide.
It is just a shearing the information that is helping me to understand the market.
I believe this is the idea of the forum....
Also i hope i will find here not only a useful information but good friends too.

PS:
And i have some serious questions:
First at all when i work on short which chart is better to have in mind M1, M5, M15 M30 or H1
or what combination is better to use, because i often get frustrated on which one i should when
their moving averages are different and some times are showing conflicting lines of support and
resistance.

The second question is may be the most stupid ever, but it is substantial for me to understand what
stays behind the move of the price... so...
How you earn profit when you are on short (sell) ? How it is possible to sell on 1.5686 and to close on
1.5676 and to have profit? Does this mean that you find someone and you sell to him at this rate and
you get profit when the price went down to 1.5676 like you are profitable because you sold it at higher
rate. There is something i miss... how then you get a profit from this price difference when you already
have sold the currency?
I beseech you to help me with this stupid issue.

Thank you very much

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Foreign Currency Exchange (Forex) Trading allows an investor to participate in profitable fluctuations of world currencies. Forex trading works by selecting pairs of currencies and then measuring profit or loss by the fluctuations of one one currency's market activity compared to the other.Reading a foreign exchange quote may seem confusing at first. However, it's really quite simple if you remember two things when starting your Forex trading education:
1) The first currency listed is the base currency
2) The value of the base currency is always 1.
The US dollar is the centerpiece of the Forex market and is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of 1 USD per the second currency quoted in the pair. For example, a quote of USD/JPY 120.01 means that one U.S. dollar is equal to 120.01 Japanese yen.When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/JPY quote we previously mentioned increases to 123.01, the dollar is stronger because it will now buy more yen than before.

babypips.com

There are lots of great sites to get information about forex trading these days - babypips is a good start, as is forexfactory. Also, you could go to my site, theforexvillage for loads of free eBooks and video turorials, as well as forex strategies and other articles - all free, no need to pay anything.

Even I’m a newbie im trading with Kerford Investments so far everything is fine.