Yes, it is good. Spread is very low and fast execution.

No problem. You are new user?

Good for newcomer / amateur?

nice one boyvai..
hope you are still holding on 

next one? gold looks like going to march up... still not to late to join..

lol ..
that's why.. you need to do your own judgement...

(*was it me who said that? hmmm... been long time i didn't touch gold.. must be me..)

lol... there are no quick profit in this area..
must do own homework...

boyvai .. still counting wave on gold?
appreciate if you can do so..

p/s: 1790 could be a problem..

Again you are relying on others. You might be get some money for few days but in long term, you will lose more than you imagine. Pick up the analyzing skill yourself.

Trust nobody but yourself.

well ... it's a matter of personal selection or opinion.

i myself have tried to not to get anyone's opinion in my head..
btw.. if it's good for you, stick to it...

*trading can be mastered by anyone who have enough guts to fail, most stopped in the middle of the road, some make it through and now doing very well..

p/s: kingkong - went through your jpk, my conflicting view on usdcad. tayor 
                      btw, jpk seems like a scalper on news release... i personally won't recommend.. 1 flash news your $$$ will either in or out 

agree. 1 news on 9.30 will decide in or out. i will post later how it goes.

well ... it's a matter of personal selection or opinion.

i myself have tried to not to get anyone's opinion in my head..
btw.. if it's good for you, stick to it...

*trading can be mastered by anyone who have enough guts to fail, most stopped in the middle of the road, some make it through and now doing very well..

p/s: kingkong - went through your jpk, my conflicting view on usdcad. tayor 
                      btw, jpk seems like a scalper on news release... i personally won't recommend.. 1 flash news your $$$ will either in or out 

lol...
take your time to learn... i've been through same thing also..
i listen to popular opinions.. resulting in loss of $$$$..

but all in all.. it's a good tuition fees...
now taking it easy... 1 month only 1 position ... haiyaa .. lol 

**now looking at gold... boyvoi, gbpjpy not looking healthy.. it's having flu & might want to cover nose 

reading & experience 

1) candlestick
2) patterns

good tuition fees = losing money due to listening to others, not cutting loss quick, hoping move will reverse, just don't want to take loss...

Or maybe try to pick up better traders next time Btw have you checked their new website lately? They released a beta version of it packed with new features too , like zuluguard which helps you protect your account.

Hello all!

I have been reading about forex trading since 2 months ago and started a demo account with fxcm but I am still a noob and not able to grasp the basic yet.

Anywhere online or books that I can read to further understand?

Thanks!

Not sure What luck got to do with it. Lol

But hopefully kingkong got his 1k back.
He he.
Happy weekend.

Hi Flampard,

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

With FOMC announcement last night and everybody expected more easy money, most were already pricing in for EU to go up, which it did. THere are also quite a number of people shorting but guess where shorters would put their stops? Right above 1.3100. Of course 1.3100 is a round number and would be defended but shorts are definitely in danger of being taken out if EU goes above 1.31.

Volume is low now but those waking up to early morning Euro/London open with Nikkei up 1.7%, I'm putting my money on longs making a run for stops above 1.31.

whenever i see you post that link,
i feel peningkepala .....
lol