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 Forex Trading Corver V3, How's Your Pips Lately? ^_^

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Zack Styler
post Jul 10 2008, 11:54 PM

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QUOTE(mIssfROGY @ Jul 10 2008, 11:46 PM)
lowyat82...no prob ler...we gain some we lose some. I m still 3 mths into this thing.....after 3 months...i m back to where i was when i 1st started with a few dollars profits :/ but one thing i noticed....its better to go live straight away then going on demo 1st. I have neva been on demo, therefore i guess i didnt get to get the shock of suddenly trading live. Go sikit sikit on live...i think its better on the heart, makes one more prepared, i feel la. (dun knock my head people...hehe)

Hope u guys make tor tor money  rclxms.gif
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Sigh, that's good for you..

But bad for me, I still don't know how to read the chart after having so much reading... rclxub.gif rclxub.gif rclxub.gif
Zack Styler
post Jul 11 2008, 12:13 AM

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QUOTE(mphpopular @ Jul 11 2008, 12:10 AM)
Any help i can offer for you?
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I am bad in analyzing graphs..

Sigh..

Maybe you can show me some charts with some explanation..Just like a simple summary..

Thanks a lot.. thumbup.gif thumbup.gif thumbup.gif
Zack Styler
post Jul 11 2008, 08:27 AM

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QUOTE(mIssfROGY @ Jul 11 2008, 12:38 AM)
Yoo!! hehe.....guess wat i didnt bothered reading charts at 1st, no idea wat was pips, no idea wat was forex and all its terms and etc...i learned as i go, coz when i started trading, learning about forex got interesting....read loads of forums...guess here n there.... I read alot on others theories and trade on their ideas to see which one suits me best. Now all i know is when something goes UP alot or Down alot, its time to set positions. (actually i started to get interested on my bf's trade......got itchy...HAHA..) dont so stress...its not as hard as you think.
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You started with a demo account?

Yeah I also tried with a demo account and the account keep dipping..

More reading for me I guess..
Zack Styler
post Jul 21 2008, 07:52 PM

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Hi Guys,

This is my first time trying out a demo account..

There are a fews things that I do not quite understand..

For the bar on the lower part of the graph, where its shows S/L, T/P, Price, Profit..

1. What does S/L means?

2. Also what does T/P stands for?

3. Price is refers to the buy/sell price?

4. Profit - why is it showing a negative value? Is it means trading at a loss?

5. The graph is there any way to analyze it?

Thanks a lot guys..

rclxub.gif rclxub.gif rclxub.gif

Attached Image


And also please help me with this one..

1. What does volume refers to?

2. What is a stop loss and take profit?

3. Any difference besides selecting instant execution for the Type?

4. And what does enable maximum deviation from quoted price means?


Attached Image

This post has been edited by Zack Styler: Jul 21 2008, 07:58 PM
Zack Styler
post Jul 21 2008, 08:00 PM

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QUOTE(mphpopular @ Jul 21 2008, 07:57 PM)
Bro, you're really joking wif me, luckily you telling me you're trying on demo not live.
Go thru this and you will get alot of info and benefit, i guarantee it for you, it answer all your 5 question
http://www.babypips.com/school/

SL means stop loss
TP means target profit
Price means the price you enter the market
Profit means how much you earn / loss (so there is of course a negative value)

Analyse -> all have their own idea on analyse their graph, you can get some idea over the sites i post juz now.
The most basic ways is to learn draw trendlines by manually.

Juz post here if you've further question. We will try to help if we are free and able to answer it out.
*
Thanks bro..

You are really a pro.. laugh.gif laugh.gif laugh.gif
Zack Styler
post Jul 21 2008, 08:14 PM

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QUOTE(mphpopular @ Jul 21 2008, 08:03 PM)
Actually juz want to let you know, this is all basic, make sure you read thru the pages, it does help you. I guarantee you'll have alot of benefits after reading those. But juz to let you know, the sites i shown you is juz a kind of shortcut to learn forex.

Still my advice, go read more books about forex or sites. I did not really believe that forum can provide you wif adequate info, bcoz mostly they're discuss on analysis stuff.
*
Hmm any specific good books on Forex to recommend?
Zack Styler
post Jul 22 2008, 08:55 AM

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QUOTE(maiself @ Jul 21 2008, 07:59 PM)
obviously, u shld go n read/learn about forex trading 1st. just a lil' answer - SL = Stop Loss TP = Target Price/Point  rclxub.gif
edit:

opss.. mphpopular beat me on replying the post hehe
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Sure will read more guys..Thanks..

laugh.gif laugh.gif
Zack Styler
post Aug 8 2008, 07:39 PM

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Just wanna ask, like if I trade a currency, can I just leave it and go to sleep, then continue trade tomorrow? Will there be any charges?

Am trying out the demo account..
Zack Styler
post Aug 8 2008, 08:16 PM

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QUOTE(dr2k3 @ Aug 8 2008, 08:03 PM)
demo account is almost same as real live account...try it and u will know
*
Well I just know the pips value will go up or down..

Other than that?

hmm.gif hmm.gif
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