Aug 31 2011, 11:45 PM
QUOTE(iamsuccess @ Aug 31 2011, 05:16 PM)
Can anyone suggest a good place to learn how to trade in forex? I am interested in a guided training course and not some website that you can find online.
Is this a good place to learn?
http://www.srdcglobal.com/
sounds like self promotion, what's wrong with online website ? They may be not prefect but at least they are independent. Is this a good place to learn?
http://www.srdcglobal.com/
Added on August 31, 2011, 11:48 pm
QUOTE(milkyboon @ Aug 30 2011, 01:15 AM)
Aiya, where got ppl use robot before playing live?(Maybe got some la, maybe poks)
Usually is demo>live>robot.
Do your research on which broker to make account with. There are some info on brokers on the first few pages.
Things you must know about brokers is
1. Spread - Difference between buy/sell price. This is the comission broker makes
2. Speed - The lag between the time you click for order and the time your order is executed. Very important if you are a scrap trader.
3. Pairs - Some brokers like AvaTrader offers commodities and over a hundred different pairs of currency. HotForex only offer forex pairs. So if you want to trade gold, some offer gold but some do not.
4. Leverage - HotForex offers up to 1000x leverage. Leverage is like how many times more profit you can make. Beware, leverage could cause your account to go into -ve region.
Bout the time, I use Google sidebar. Then download OANDA FxMarketHours. So no matter where you are in the world, you can know what time it opens.
And please do your research before coming back. Sifu-sifu dont like if you come back empty handed. Worse is empty headed.
actually robot should be proven in demo before bringing life ... else no point using that robot.Usually is demo>live>robot.
Do your research on which broker to make account with. There are some info on brokers on the first few pages.
Things you must know about brokers is
1. Spread - Difference between buy/sell price. This is the comission broker makes
2. Speed - The lag between the time you click for order and the time your order is executed. Very important if you are a scrap trader.
3. Pairs - Some brokers like AvaTrader offers commodities and over a hundred different pairs of currency. HotForex only offer forex pairs. So if you want to trade gold, some offer gold but some do not.
4. Leverage - HotForex offers up to 1000x leverage. Leverage is like how many times more profit you can make. Beware, leverage could cause your account to go into -ve region.
Bout the time, I use Google sidebar. Then download OANDA FxMarketHours. So no matter where you are in the world, you can know what time it opens.
And please do your research before coming back. Sifu-sifu dont like if you come back empty handed. Worse is empty headed.
Oanda has about 48% success rate while others are only 20-30%, I read they also has the largest users base but I never heard of them, does anyone here know Oanda ?
This post has been edited by mtsen: Aug 31 2011, 11:48 PM
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