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 Forex Trading Corner V2

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eRiCCa
post Jun 24 2008, 01:53 PM

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From: MaGiCLanD...



hey this sounds so interesting!! can i join the fun? =P i need a GURU!!

anyway lowyat, i have been reading all these screen shots... but i dont understand how to read, beside greens/reds, buy/sell... what is the buying price and selling price? price/price? what is SL and TP? the profit is USD or some other units? like what is PIPs that i have seen somewhere... AND... i am confused with the SIZE...

for example, if you can explain the NUMBERS from the last row of your screen shot...

TIA~

eRiCCa
post Jun 25 2008, 07:40 AM

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From: MaGiCLanD...



hmmm... i have been reading the screen shots like what normeck posted on post #2166, and trying to understand what are the size, SL, TP, price, profit... tried googling but i dont know what is that screen shot called, and thus found nothing... =(

as far as i know PIP is the unit of movement right? is the unit in |pip| value or with negative and positive? is 10 -> 15 -> 12 a total of 8 movements? or is it a 2?

also, if we dont trust an online broker, will it be the same if we do the trading from money changer? and as i know different money changers have different rates... so if the trade is bought at the cheapest money changer and then sold at the highest money changer... would that work?

sorry, very noob i know... =(
eRiCCa
post Jun 25 2008, 10:32 AM

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From: MaGiCLanD...



AH... ok now i know you all trade with leverage... i thought that is kinda risky... i was just thinking to trade with own money and not going for the leverage option...

so i know what is SL and TP now, where your MAX winnings and MAX losses are... right? how come the PIPs values are not constant? i saw some 1 pip = usd10, some 1 pip = usd100k...

ok so i know more now...!! thanks mphpopular!! i have been reading all pages in babypips today, even printed out the charts, and i guess reading the charts will be my work after lunch before i can go home!! i am going to borders later during lunch then!!

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