thanks bro. got alot information from jpk.

Hi guys,

Newbie here. What's the best way to start? I'm not quite sure what FOREX is, but it sounds like buying currency, wait for the rate to go up, then sell it..is it?

Please advise.

Thanks!

put in some money to feel the real trade experience.

Yeah, more or less like that. But in forex you can go both ways, sell and buy. Unlike stocks where you can only profit when price ges up, forex can profit even during downtrend provided that you're in the correct position. You can try demo account if you want to get the feel of forex trading. Its free.

anyone trading jpy/usd ?

read this 2 website
http://www.babypips.com
http://forextrading.about.com

what I found from this thread.
helps a lot for newbie like us.

Trade idea, GU pull back after a long run since early March 2013, testing BO at 100% fibo for the 4th time before another bull rally.. Welcoming members opinion and comments..



#All site content is provided as general information only & should not be taken as an investment advise. It shall not be constructed as a recommendation of buy or sell signal! The idea expressed is solely chetz opinions. Consult your financial advisor before making any investment decision#

Hi, someone mind explaining to me this 2 trade?

1. USDCHF - buy 0.5
2. AUDJPY - sell 0.5

What does the buy and sell means, and the 0.5. Someone mind explaining to me the trade above? Did a virtual demo trade on MT4. Hence the questions. Thanks.

1. USDCHF buy 0.5 mean that you are buying USD for CHF at the size of 0.5 lot

2. AUDJPY sell 0.5 mean you are selling AUD for JPY at the size of 0.5 lot

Thank you

Which means how much am I investing per pips?

depending on your pip cost. micro should be $0.10 pip cost.

abt $5/pip.

if ur trading systems incorporates 50pips stop loss, it means abt $250 risk, per trade.

if ur trading acct is $10k, the risk to capital is abt 2.5%.

So my profit should be total pips (between entry price and TP) - spread * lot?

say u get 100 pips profit on a macro lot 0.1.

0.1 means abt $1/pip. 100 pips mean abt $100.

on a full lot size of 1.0, it is abt $10/pip. 100 pips profit wud mean abt $1000.

but in fx, u also nd to know what is ur capital, what is ur trading stop-loss (if any), hence the risk u shud put in place in each every trade.

one lesson in fx. do not start counting $ when u start learning. make sure u hv consistent pips profit, not their equivalent $. when i share $1000 profit, newbie will be salivating with the numbers. plan ur learning by tgting 100 pips profit/mth, then 200, then 500, then 1000 ...... once u can consistently profit by pips, then start increasing ur lot size according to ur capital/mny mgmt.

i can guarantee u that u can be consistent with 1000 pips/mth at 0.01 lot, but once u increase that to 0.1 lot size, u will see suddenly u only managed to get 500 pips/mth or lower. it will take u a while to re-adjust though ur trading systems remain the same. similarly when u want to play full lot size of 1.0, another adjustment will take place n it will be much harder too.

they are obviously MLM thing.. agreed! it's irritating..

Hello all, Jack here. I am new to forex and extremely interested in it, any advice how to start? any helpful websites or guides?? and where to get nice and real stimulator programmes??? Help is much appreciated!!! Thanks!!!!!!

babypips< is all you need.if you want tpo demo trade, just download mt4 from any broker and try it.

1st page on this topic so many link/info...

^yeah, they are either too lazy to read them or just didnt notice it.