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 Forex Trading Corner, Let's discuss forex strategy

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poyo
post Dec 12 2006, 01:06 PM

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Hello guys. I have been reading thru this thread, a few threads at nogold.com, and been schoolin' myself up at babypips.com.

I do understand some of the basics, but I suppose I hafta finish up at babypips.com ( still at between 1st and 3rd Grade, heheh! ) before going for a demo account.

It seems that the most popular traders around here is : Northfinance ( NF ), Marketiva and InterbankFX. I am really dumb in Net moolah transactions, and I do not understand how to we take out our money from e-gold to our bank acc here in Malaysia?

By the way, I can't find Marketiva's demo account, only NF and InterbankFX. Which of these would be the best demo acc I should go for ( as I understand that having MetaTrader 4 is a plus, and Marketiva doesn't utilise MT4, rite? Only NF and InterbankFX rite? )

For those who have successfully trade a live acc for quite some time, how's the return like, especially for day traders ( as I do not want to take unnecessary risks, rather have small revenue daily rather having the risk of gaining more revenue at higher risks )? Maybe when I have enough understand on forex and how it works, I'll open up a mini acc woth USD 250.00 and later boosting it up to USD 500.0.

One of the stuffs I don't really get about these live accounts is, how does the leverage works? Thing like you got like, example :

Cash in acc : USD 1000.00
Commit for trading : USD 500.00 ( the rest left for the dreaded margin call? )
From the USD 500.00 committed for trading, how does the calculation works? 1 : 10? 1 : 100? 1 : 1000?

I read that there are online classes by local ppl here on forex, are they any good? Any recommendation? Reviews?
poyo
post Dec 12 2006, 04:55 PM

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Hi hamster9, thanks for your comments. Yeah, I've read around that Marketiva's Streamster is pretty easy to understand, but not as detailed and technical as Metatrader 4 platform, which is siad to be much more detailed ( well, I dunno lah. They say wan.. )

Wah, 100+ pips? How much converted to USD? Live acc or demo?

One thing I read around ( too! ), is that demo acc varies a lot from live / real acc, is it true?

QUOTE(hamster9 @ Dec 12 2006, 03:49 PM)
hi poyo...
welcome to the world of forex... laugh.gif

I dunno about others, but I log into Marketiva Streamster at 9.30am and by now... I had earned about 100+pips. I am still new and just trying my theory every now and then. I am too from babypips.com and has reached about 7th Grade.

I find Marketiva is nice because of the simplicity but the downside of it is the graphs are pretty small to see for old eyes.
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poyo
post Dec 12 2006, 06:20 PM

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I have read sumthing else around about forex. best thing is : don't be greedy. Better earn less rather than later on lose too much, right?

Oh, what the hell, I'm going for a NF demo account now!
poyo
post Dec 12 2006, 07:25 PM

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Ah! I really don't get this Meta4 platform! How to do buy and sell? Pening!
poyo
post Dec 13 2006, 12:57 PM

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Yep, the buying / selling page goes up.

Example, for EUR/USD, selling price is 1.3281, buying price is 1.3283.
Let's say I wanna sell,
Volume : how do I set this?
Stop Loss : ?
And the maximum deviation, pun confuse lah...

QUOTE(luqmanz @ Dec 12 2006, 07:33 PM)
Just click on the currency pair on the left and enter your order.
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