wanna ask a little.

how does the broker charge? how many pips, usually?

5 pips. O_O

shiets.. lucky i'm not dealing with real money weih... usually makign only 4 pips lidat... mar rugi...

hahaha... nvm. anyway. started yesterday, thx to u all punya influence. whahahaha

well, i have 1 1/2 years to train before i finish college.

crap. is it because of hte news release?

i saw some news come out, and poof, suddenly 40-60 pip movements on EUR/USD and USD/JPY.

hahahha. i made a very stupid mistake today.

i went short on EUR/USD. and short on USD/JPY.

Went against USD on one side, and supported USD on the other.

hahaha

real market conditions are very complicated. we're still in the safe little pool, not out at sea! hahaha

anyway, i'm startng to make profit. yay for me.

so far highest gain is 37 pips, short on EUR/USD. (not bad for a 3 day newbie, i'd say)

This post has been edited by ThanatosSwiftfire: Dec 9 2006, 11:15 AM

erm... i usually just put exit targets, but no stop limit, or even if i do, they are very large limits, because i prefer to choose my stop limits manually, as in, if the loss is too large, i'll prefer to hold it a while longer, at least reduce the impact of the loss, instead of just selling automaticly when it hits that target, especially due to sudden bursts...

is this.. okay?

100 pips, as in, all in 1 single trade, or multiple trades?

fark. the connection is terrible right now. can't even get into marketiva.

on the contrary, i have a 300 pip loss on USD/JPY...

so frankly, I'm making a terribly huge loss.

But seeing how I'm already making a huge loss, no point to close the position.

yeah, i was trying to play long term positions, because i doubt i'll be able to micro manage my forex positions...

and i was looking for it to fall, seeing how it's at great highs...

it's crashing alright, hahahaha...

but i wonder when will the crash stop...

i;m in a rather difficult situation right now...

I shorted usd/jpy (a long time ago), and as of now, I'm at -330 pips..., so I'm making a loss about 1000, but I haven't closed the position...

Question is, should I close it? (or keep hoping like an idiot and wait until it goes to -100 pips)

fake money lar...

oh, i can afford to lose alot...

because i play 3.3 : 1 margin, so I can withstand rather high losses...

Well, Eur/USD is going up, so it did rally as predicted.

Erm, can someone tell me why the Euro/USD pair wemt upwards?

I know it's been bullish, but what was pointing towards the correction?

What indicators would've shown that it was going to resume it's upward trend?

I'll try to test the system for a few weeks, hehe

what the heckl~! I woke up and poof the market shot up! DAMN!

And I was shorting the pair... T_T

This post has been edited by ThanatosSwiftfire: Mar 22 2007, 09:53 AM

forex is essentially converting currency, holding oen currency, hoping it to appreciate against another, using the constant appreciation and depreciation to earn a profit.

It's like.. stocks, in a sense.