Forex Version XI, Foreign Exchange Market Discussion
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 Nov 22 2012, 07:28 AM
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#1
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Junior Member
590 posts Joined: Jun 2008 
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hey guys newbie to forex here...i got a demo account on etoro with 10 k USD inside. i executed an open trade of BUY JPY/USD
but i dun have JPY in my demo account, how can the order be executed? whats the diff between market order and open trade? This post has been edited by FLampard: Nov 22 2012, 09:37 AM |
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Nov 22 2012, 09:34 AM
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#2
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Junior Member
590 posts Joined: Jun 2008
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QUOTE(boyvai @ Nov 22 2012, 07:53 AM) look at your mt4 marketwatch folder. sorry...i dun understandbtw,gj nice bull.  now gj at march high.  |
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Nov 26 2012, 09:41 PM
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#3
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Junior Member
590 posts Joined: Jun 2008
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QUOTE(eToro Team @ Nov 26 2012, 06:59 PM) Hi Flampard, hey since ur etoro officials may i ask...i deposit in 50 pounds but those money was shown as USD in my etoro account....does etoro does an automatic conversion?The way forex works is that when you exchange one currency for another, for example USD for JPY, you always sell one currency and buy anotherl. If you buy JPY/USD, you are buying JPY and selling USD, with the intention of selling JPY back for USD in the interest of making a profit when the price of the JPY currency goes up. You can also choose to sell JPY for USD, in the interest of buying it back when the price of the JPY currency goes down, thus making a profit as well. When you exchange JPY for USD, or USD for JPY, you don't need to have both currencies in your account, just the USD currency will do since you're trading it for the other one. Even when you're trading non USD based pairs, such as GBP/JPY for example, the currency rates are calculated in their relation to the USD, which is why they're called "cross currency pairs". You can learn more about the basics of forex trading by reading our free trading guides: http://www.etoro.com/education/ Hope this helps! Andy, eToro Team |
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Jan 24 2013, 10:31 AM
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#4
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Junior Member
590 posts Joined: Jun 2008
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guys....any expert here in mql4?
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Jan 29 2013, 03:55 AM
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#5
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Junior Member
590 posts Joined: Jun 2008
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guys...any mql4 expert here? also any threads i can read for forex beginners?
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Apr 28 2013, 06:02 AM
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#6
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Junior Member
590 posts Joined: Jun 2008
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guys i want to join the club of forex trader
 am i welcomed?is it really possible to make a living out of this. i read some fx book says that 98% of fx traders dont make money... |
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Jul 31 2013, 11:03 AM
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#7
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Junior Member
590 posts Joined: Jun 2008
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Do you guys keep your trading records in excelsheet or handwritten notebook?
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Sep 2 2013, 01:50 PM
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#8
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Junior Member
590 posts Joined: Jun 2008
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QUOTE(zDarkForceSz @ Aug 30 2013, 02:37 PM) i'm using fxpro. is fxpro an ECN broker?fund using debit card. so far so good. nothings trouble me. is everyone here using ECN broker..? |
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