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Who told me that he earned 1k+ pips from https://www.facebook.com/928FX ?

I demo 3 days, 800 pips already, awesome? No, I mean -800 pips

No. 2 sounds like MLM. Don't bother if they use EA robot to trade, you'll loss all your money sooner or later. If it works well and you earn 10k back, it's not gonna be long term. You need to know that MLM forex in Malaysia is illegal.

Tell you my brother story. He joined a group 3 years ago, ea result was good before he joined. People got 100% profit within 3 months. When my brother joined, he loss 2.5k within 2 months, and the forex group vanished.

I believe there are many MLM forex groups have the similar story. Those founders want to scam people money by using MLM, they aren't professional fx traders.

On the other hand, you can learn forex with demo account, it's free no matter how long it takes. You might know if forex is suitable for you after few months. No need throw your 10k into water.

Drive expensive car not equal to rich. You know many MLM/marketing/insurance ppl buy expensive car just want to impress their potential customers that they are rich. You're one of their "potential customers" because of their cars

You want to know if they are really profit? Ask your friend for his trading records since first day he trade. If he shows you, check if he use martinglae , or risk/reward like 10:1. Evaluate it or upload to here, let people discuss. But I doubt he will show you his records. If he gives excuses not to show his records, then you know what to do.

1. volume 1 lot = $10 if currency related to USD. I think it's not $10 for pair like EURJPY but I am not sure, never learn to calculate it

2. Spread is wider when a pair in high volatility/activity. Some brokers provide fixed spread.

3. No max duration until you hit Stop Loss. When you demo for longer time, you'll know if you are scalper, swing trader, or long term trader. If you're busy, H4 is probably better choice.

Actually I am also newbie, haha. Currently learning vsa, pretty hard for me. One of member here told me to learn divergence. I tried that and it has high accuracy and quite simple to spot them.

A recent divergence example:


This post has been edited by tshin810: Aug 8 2013, 06:20 PM

On the chart, right click -> Trading -> New order. You can see the spread on live. Spread is decided when you execute an order. If you long for price of 1.50000 and you get 2.5 spread, you will see price of 1.50025.

If you interested in lot price calculation, you should go read babypips.com.

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Pending order is another thing that confused me. This picture can help you understand how to add a pending order.


This post has been edited by tshin810: Aug 8 2013, 06:47 PM

Hey boyvai, thanks for teaching this

Basically GBP news that day killed all day traders. (except my friend who use martingale hedge EA LOL)

school of pipsology is really great for forex starter.

For instant execution, you can try it yourself and see what happens. Usually traders set pending order at a price target.

Forex brokers only charge spread, no other fee.

This post has been edited by tshin810: Aug 9 2013, 09:55 AM

Update on divergence chart I showed:

It eventually up 100+ pips since my last post last night. USDJPY has similar divergence too.

If it has 5 decimal points, the last decimal is pipettes.

You mean divergence? You can read it at babypips
http://www.babypips.com/school/high-school...ng-divergences/

My MACD settings is 5,13,1

Example:
GBPUSD = 1.55000, and your broker quote you 1.55025. Your spread is 2.5 pips. Understand?

Some brokers like forex4you use 4 digits system, GBPUSD is fixed to 3pips for classic accounts. So you will see 1.5500 and you get quoted by 1.5503.

This post has been edited by tshin810: Aug 10 2013, 12:15 PM

You don't even read his previous question

haha, no problem at all. Btw, nice avatar

I am demo trader LOL

Saturday/Sunday market close.

babypips.com

250 pips for scalping in multi trades quite alot, mind to share your strategy?

What's the main purpose of physical office? Can request withdraw money with faster speed or not? We have more than 5 forex4you running accounts.

It depends on brokers. Some use 4 digits while others use 5 digits. Your pair A example is incorrect, I assume you mean 1.20000 - 1.15555 which is 5 digits. It is 444.5 pips. The last digit is called pipette.

This post has been edited by tshin810: Aug 25 2013, 08:51 PM