Opening demo account is free.. just need to register, download and install MT4.

Mind you trading is not as easy as one might think. That is the myth that many has fall into ending up losing their money. The thing with trading is that everyone can win some trades earlier purely out of chance, but very few profit consistently. If I go read some books on how to be a brain surgeon would you trust me to do brain surgery on you? Most probably not. But in trading, a beginner could successfully profit after the first few trades without learning about the markets. That is the trap.. And another thing, trading with real money is a totally different compared with demo account. Demo is good to learn the platform, but its like playing video game compared to the real thing. Trading with real account you feel the greed and fear of trading.. But overall, if you like to follow world affairs and dont mind reading charts.. i recommend trading to anyone..

Thx for ur info myvi5949.

Heard tat some of my frens who got their hands burnt in forex too.

So basically u'll have to be partially an "economist" too la, to read news around the world, wats going on etc.

d margin requirement r ..zzzzzzzzzzzzz

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Added on October 20, 2010, 2:17 pmi feel u bro~~ i guess every1 will 1st taste dat also.. lol

This post has been edited by low yat 82: Oct 20 2010, 02:17 PM

Depends on what type of trader you are.. do u like scalping on the 5 minute chart? scalpers need to be good in technical analysis.. trading on the 4 hour and daily charts require more awareness of fundamental analysis. But most good traders use both fundamental and technical analysis.. u dont need to learn complex keynesian economics stuff; u just need to understand what their talking about.. its like a secret language that traders and economics understand. For example "quantitative easing" is code word for increasing the money supply.

Hands itchy but scare kena burn oso but no pain no gain right ? Juz dun over spent

open a live acct with USD 50-100 ... play $0.01 per pips to train urself ...

Which broker provide such account ?

Can try to burn own hand with USD50 first

Thx

I use Instaforex .... no problem with execution .. easy withdrawal too ..

Will try to register later.

Thx

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Added on October 20, 2010, 2:57 pmJuz started my babypips class only.

This post has been edited by ekestima: Oct 20 2010, 02:57 PM

I dont know where to get micro account. but i am day trader.. so about 2-3 trade a day... unless when really i go scapling.
*micro account some got charge like 0.10 per trade(fxcm).. that very unfair.

already got 3 demo account . all making 20%-30% profix in 2 weeks

How come theres no one recommending brokers, gone through the tread and did not come across much mention of it

Yup, still trying to figure which broker to use.

Depends on your preference, I prefer choosing regulated broker e.g. IBFX

Agreed, it become more exciting during news hours watching from Bloomberg...

I don't understand why you said fxcm charge 0.10 pre trade as I know their charge come frm spread... unless you're talking about their mobile platform for fxcm micro then yes they will charge 0.10 per trade for micro acc.

http://www.fxcm.co.uk/fxcm-mobile-forex.jsp#mobileInfo

adraxx, as bulkbiz said it's all depend on your preference and better go for regulated brokers
NFA (US) : Alpari, FXCM, GFT, IBFX, Oanda etc
FSA (UK) : Alpari, FXCM, GFT, FXPro etc
I think it's your homework to try out the broker's demo acc to see whether it suit you or not...

For me, I'm using FXCM UK because their platform easy to use, acceptable spread, regulated and I can deposit money into my acc using my Maybank Debit Card....
I know ppl are saying FXCM platform hv bugs, slippage etc... it's their opinion and I respect that.

may i ask a question?

u guys open acc oversea? if yes, how do u guys transfer money and withdraw money?

About day trading:

http://www.sec.gov/investor/pubs/daytips.htm

http://wallstreetwarzone.com/the-more-you-...-less-you-earn/


But don't worry, because we are not trading stock market but forex.

stock got this FIFO thing apply on them. By the time U want to execute your position it is already too late.

We as forex have this luxury where we can get in and out instantly. Some traders for example, myself I take like only 1-2 trades per day aiming for 10-20pips average or hold it for "homerun" as a swing trade if I see my trade looks promising. All these can be done within 1-2hours. I am just exploiting the S/R levels, because base on experience 80% of the time the market bounce at least 5-20pips away from S/R level. That is easily allow any of us to move SL to BE and ride for a free trade to whatever pips we think we want to TP. If the trade are not going well and hitting my SL, I lose nothing.

Free trade is a good position no matter if it against the trend or follow the trend. It can be also be convert into swing trade easily without any risk

This post has been edited by billytong: Oct 21 2010, 01:49 PM

Does this thread talk about setups or trading strategies?

most probably no. tried posting a few charts, but not many response. you can try to share though.

I think we shud discuss trading strategies more, instead of broker broker broker.. n broker..