Forex question

by JohnyEnglish

Posted: 10 years ago 12 replies

INTERNET MARKETING

Hi

Im completely zero in forex trading.. And im eager to start forex and trading like a hero soon.. Wish me luck

So i tested demo account by ibfx.. And i don't know how to start with it.. Let just say i don't know how forex should start to trade

So i open this software and created pending orders.. ( is it pending orders is the way to start trade? ) because i see the profit at the bottom of the sofware. Please see image.. So im making profit now? :p

#forex #question

drr

10 years ago

What trading indicators are you planning to use? With forex trading, if you have a plan and have the psychological and technical ability to read the markets you can get to the point where you're making 7 or 8 on 10 profits.

If you have no idea what you're doing, the markets will pick your pocket clean. I've seen it time and again.

Thanks
1 reply

{{ DiscussionBoard.errors[8796509].message }}

JohnyEnglish

10 years ago

Originally Posted by drr

Hi drr

Yes i've no idea at all what im doing now and how to start trade. At the moment i only using demo account.

Could you please tell me what to do to start trade? And how to start trade? So my screen shot above from pending orders that i setup is not about trade to make profit?

Thanks
2 replies

{{ DiscussionBoard.errors[8796529].message }}

traderfx 10 years ago

Sure....

Step 1. learn technical analysis

Step 2. demo trade what you learn

Step 3. learn how to take losses and profits

step 4. trade your strategy without deviation

That's the nuts and bolts.

-Trader fx
- Thanks
{{ DiscussionBoard.errors[8796712].message }}
drr 10 years ago

Looks like a screenshot from an MT4. If its a demo account, it's clearly not real money. Hard to comment on the trade without knowing the specifics.

Before starting to trade, learn all you can about trading. Learn simple candlestick price patterns then set about learning how to use simple indicators. One of my favourites is the imacd (below) - but you cant use any one indicator in isolation.

Using iMACD To Trade

--
Hi drr

"Yes i've no idea at all what im doing now and how to start trade. At the moment i only using demo account.

Could you please tell me what to do to start trade? And how to start trade? So my screen shot above from pending orders that i setup is not about trade to make profit?"
- Thanks
{{ DiscussionBoard.errors[8797591].message }}

Anonymous Affiliate 10 years ago

Correct me if I'm wrong but... this is not a Forex trading forum?
- [ 1 ] Thanks
- 1 reply
{{ DiscussionBoard.errors[8796806].message }}
- JohnyEnglish 10 years ago
  
  Originally Posted by Anonymous Affiliate
  
  Correct me if I'm wrong but... this is not a Forex trading forum?
  
  Hi sorry i posted in the wrong section.. please delete mod if you find this in wrong section.
  
  Thanks
  
  1 reply
  
  {{ DiscussionBoard.errors[8797090].message }}
  
  Jeff Lenney 10 years ago
  
  Originally Posted by JohnyEnglish
  
  Hi sorry i posted in the wrong FORUM.. please delete mod if you find this in wrong section.
  
  Corrected it for you! :p
  
  Thanks
  
  Signature
  
  Too lazy to write something clever here, so check out my marketing blog and learn from a REAL Super Affiliate at JeffLenney.com
  
  {{ DiscussionBoard.errors[8797562].message }}
trader909 10 years ago

just give me your account..i;ll give you half back in 2 months time, you and I are better off. No?
- Thanks
{{ DiscussionBoard.errors[8797003].message }}
mooble 10 years ago

If you don't know what you're doing, forex trading is no different than gambling and actually could be worse. Be careful and practice.
- Thanks
{{ DiscussionBoard.errors[8797569].message }}
OnlineAddict 10 years ago

No offence, but you don't even have the basic skills, not even for trading demo! Go to babypips.com, study everything for a few days and then go back to your demo account. Do not even think about funding a live account anytime soon.
- Thanks
- 1 reply
Signature
From1toMillion Forex EA
{{ DiscussionBoard.errors[8797618].message }}
- gerski 10 years ago
  
  I agree forex is not that easy as you might see.You have to start to basic which is to learn gather information to acquire sufficient knowledge.It is a step by step process before going into live trading,otherwise you might just giving away your money in no time.
  
  Thanks
  
  {{ DiscussionBoard.errors[8801171].message }}
Joe Benjamin 10 years ago

Hey Johnny.

You got great advice here.

I'd also add...

...learn price action, S/R lines, and chart
formations like your life depended on it.

When I was active in Forex heavily, this
is ALL I used.

What got me in trouble were indicators,
oddly enough.

You'd think by the name itself (indicators)
it will 'indicate' when to buy and sell...but
the opposite has always been true.

When I STOPPED using indicators, I made
money.

Big money.

Take shortcuts and you will get CUT...and
you will bleed money out your pores.

Learn the FUNDAMENTALS and trading is
a GREAT thing to get into.

But as it stands...

...do NOT trade live. Not yet atleast. Get
familiar with the basics and then dip your
feet in the water.

Lastly...

Don't trade on emotions.

This tip is impossible to teach because
you have to personally experience it to
really KNOW it and embrace it.

This will come with time.

Trade safe. Stick to your rules. NEVER
deviate and NEVER get emotional.
- Thanks
Signature

**How I FLIPPED $80 into $690 Pure Profit With ONE EASY Method...2 to 3x Per Week...Only 30 Minutes Per Day (and how YOU can COPY my RESULTS, too!) **CLICK HERE FOR VERIFIED VIDEO PROOF**
{{ DiscussionBoard.errors[8801342].message }}

Forex question

Trending Topics

Been a while! Any of you Old Timers here?

How much does the rebranding affect CR ?

Are billboards still effective in driving customers?

Boat and Jet Ski Rentals...... Door Hangers Effective?

Clickbank low cost recurring