Pour utiliser le chat, veuillez vous connecter.
Retour aux contacts

Learning Forex Trading

Martin (martinkolbe)
Aug 11 2016 at 10:14
posts 35
Invest as much as you are willing to lose. But my personal advise for you is to start by teaching yourself with a demo account. Try different leverage levels there and see which type of combination between balance and leverage is working the best for you, then and only after you have done this, you can move to real live trading.

Martin (martinkolbe)
Aug 11 2016 at 10:14
posts 35
Invest as much as you are willing to lose. But my personal advise for you is to start by teaching yourself with a demo account. Try different leverage levels there and see which type of combination between balance and leverage is working the best for you, then and only after you have done this, you can move to real live trading.

mlawson71
Aug 11 2016 at 10:41
posts 1487
I agree - learning on a demo account at first is vital and just plain common sense.
My other advice would be to always have a trading plan and never to open positions impulsively.

james_m
Aug 14 2016 at 06:50
posts 4
This page has a short but very comprehensive list of everything you should think about when choosing a broker, I know I wish I had thought about it more https://forexsignals.io/brokers/ - it takes a while to open an account and you want to get it right the first time.

insa
Aug 15 2016 at 08:50
posts 1
Hi markjasonmanikan,

you can start with 500€ on a real account. That's no problem. In this thread I saw formulas like

'To put that into perspective, the value of your trade is : current price x lot size x lots
So in EurUsd at current prices 1.09 x 0.01 x 100 000 = 1090. '

Of course, your profit and loss depends on the lot size and the amount of pips you close your trade in profit or loss. If you can trade with 0.01 lots (that depends on your broker) it should be possible to trade very small profits and losses. (down to cents).
But I suggest to use a tool, that is automatically calculating the possible profit and loss BEFORE you open the order. For newbies, who have no idea about lot-sizes, this is very important! There are a lot of tools like this in the market of mql.
I'm using the Easy Order Creator, because you have here the option to select, if you want to trade directly in lots or in percent of your account balance or as a fixed value in your currency. (e.g. 10 USD). This really helps, if you are a beginner!
There's no need to deal with formulas... ;-)
If you don't want to use an additional tool, you can test your trade with a 'pending order'. Simply place a pending order far away from the actual market price and add stop-loss and take-profit. When you move the mouse afterwards over the take-profit or stop-loss level, a tooltip pops up and shows you the corrsponding profit or loss. With this, you can get an idea of the amount of profit and loss if you open a market order with the same entry to stop-loss distance and same lot size. Or - start with a demo account. This is absolutely risk-free ;-)
Have fun!

Fredrick (shirley_F)
Oct 26 2016 at 12:10
posts 41
insa posted:
Hi markjasonmanikan,

you can start with 500€ on a real account. That's no problem. In this thread I saw formulas like

'To put that into perspective, the value of your trade is : current price x lot size x lots
So in EurUsd at current prices 1.09 x 0.01 x 100 000 = 1090. '

Of course, your profit and loss depends on the lot size and the amount of pips you close your trade in profit or loss. If you can trade with 0.01 lots (that depends on your broker) it should be possible to trade very small profits and losses. (down to cents).
But I suggest to use a tool, that is automatically calculating the possible profit and loss BEFORE you open the order. For newbies, who have no idea about lot-sizes, this is very important! There are a lot of tools like this in the market of mql.
I'm using the Easy Order Creator, because you have here the option to select, if you want to trade directly in lots or in percent of your account balance or as a fixed value in your currency. (e.g. 10 USD). This really helps, if you are a beginner!
There's no need to deal with formulas... ;-)
If you don't want to use an additional tool, you can test your trade with a 'pending order'. Simply place a pending order far away from the actual market price and add stop-loss and take-profit. When you move the mouse afterwards over the take-profit or stop-loss level, a tooltip pops up and shows you the corrsponding profit or loss. With this, you can get an idea of the amount of profit and loss if you open a market order with the same entry to stop-loss distance and same lot size. Or - start with a demo account. This is absolutely risk-free ;-)
Have fun!


Very good advise to use the Easy Order Creator indicator! I'm really happy with it, thanks

Charles_F
Oct 27 2016 at 14:52
posts 38
togr posted:
arigoldman posted:
Demo isn't going to teach you how to trade so beware. It's going to teach you how to use the platform and that's it.


Of course you can learn trading on demo. Its the same as real.
Hard point is to handle psychological burden when you trade real money.


An this is quite a significant hard point I think...

Samm
proyecto
Feb 26 2017 at 06:52
posts 36
insa posted:
Hi markjasonmanikan,

you can start with 500€ on a real account. That's no problem. In this thread I saw formulas like

'To put that into perspective, the value of your trade is : current price x lot size x lots
So in EurUsd at current prices 1.09 x 0.01 x 100 000 = 1090. '

Of course, your profit and loss depends on the lot size and the amount of pips you close your trade in profit or loss. If you can trade with 0.01 lots (that depends on your broker) it should be possible to trade very small profits and losses. (down to cents).
But I suggest to use a tool, that is automatically calculating the possible profit and loss BEFORE you open the order. For newbies, who have no idea about lot-sizes, this is very important! There are a lot of tools like this in the market of mql.
I'm using the Easy Order Creator, because you have here the option to select, if you want to trade directly in lots or in percent of your account balance or as a fixed value in your currency. (e.g. 10 USD). This really helps, if you are a beginner!
There's no need to deal with formulas... ;-)
If you don't want to use an additional tool, you can test your trade with a 'pending order'. Simply place a pending order far away from the actual market price and add stop-loss and take-profit. When you move the mouse afterwards over the take-profit or stop-loss level, a tooltip pops up and shows you the corrsponding profit or loss. With this, you can get an idea of the amount of profit and loss if you open a market order with the same entry to stop-loss distance and same lot size. Or - start with a demo account. This is absolutely risk-free ;-)
Have fun!


Good point, I agree with you.😉
can start with 500€ on a real account.

But I recommend you start with a quantity that you feel comfortable and without pressure. An amount that you can risk without problems and that is enough to open and close positions while you learn and optimize your investment strategy. That is why this adequate amount to start investing is variable according to the profile of each person and their financial situation.

jhonix
Feb 27 2017 at 21:54
posts 37
insa posted:
Hi markjasonmanikan,

you can start with 500€ on a real account. That's no problem. In this thread I saw formulas like

'To put that into perspective, the value of your trade is : current price x lot size x lots
So in EurUsd at current prices 1.09 x 0.01 x 100 000 = 1090. '

Of course, your profit and loss depends on the lot size and the amount of pips you close your trade in profit or loss. If you can trade with 0.01 lots (that depends on your broker) it should be possible to trade very small profits and losses. (down to cents).
But I suggest to use a tool, that is automatically calculating the possible profit and loss BEFORE you open the order. For newbies, who have no idea about lot-sizes, this is very important! There are a lot of tools like this in the market of mql.
I'm using the Easy Order Creator, because you have here the option to select, if you want to trade directly in lots or in percent of your account balance or as a fixed value in your currency. (e.g. 10 USD). This really helps, if you are a beginner!
There's no need to deal with formulas... ;-)
If you don't want to use an additional tool, you can test your trade with a 'pending order'. Simply place a pending order far away from the actual market price and add stop-loss and take-profit. When you move the mouse afterwards over the take-profit or stop-loss level, a tooltip pops up and shows you the corrsponding profit or loss. With this, you can get an idea of the amount of profit and loss if you open a market order with the same entry to stop-loss distance and same lot size. Or - start with a demo account. This is absolutely risk-free ;-)
Have fun!


Excellent subject. These tips must be put into practice.. They are very useful.. 😁

Alessan
alessanFX
Mar 01 2017 at 07:53
posts 10
markjasonmanikan posted:
How much is the minimum amount I should invest for my leverage if I will open new account?


For example if you are new .. It would be 100 euros to buy a forex contract with a value of 10,000 euros. In this case, the leverage ratio would be 1: 100.

Veuillez vous connecter pour commenter .