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Migz
Where can I learn how to trade in the forex ?
in
General
Sep 10, 2013 at 06:22
Hi there, online is best.Babypips.com is a good place to startthen opening demo accounts with broker to practice what you learnthen a micro account.wish you the best of luck!
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 11, 2013 at 07:30
http://www.myfxbook.com/files/Migz/audnzdm15.pngopen a couple extra positions after good news on the $Au unemployment front,got nervous again and locked in some profit about 80 pips all up
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 11, 2013 at 06:03
http://www.myfxbook.com/files/Migz/audnzdh4.pngalso not timing my entry very well as demonstrated in the above chart, and no stop on this one just watching it.as u can see i've set a take profit for a very small gain. perhaps i should be looking at a longer duration but...lets see how it goes
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 11, 2013 at 06:02
thumbs up on my charts = closed trade
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 11, 2013 at 06:02
http://www.myfxbook.com/files/Migz/eurusdh4.pngwas too scared to hit it again due to the market sentiment, kinda hard to trade euro with any confidence atm.actually i lack confidence with all pairs lol , i get nervous and lock in my small profits (10 - 50 pips) in stead of letting it run for 200- 300 etc. so yeah just thought i would post some graphs to see how my set up looks.I am a new trader and by that i mean trading real money account casually on and off for few years but has been a long time so am putting my fib wrong and other embarrassing stuff like that http://static.mfbcdn.net/images...
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 10, 2013 at 05:52
http://www.myfxbook.com/files/Migz/usdcadh4.png
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 10, 2013 at 05:52
http://www.myfxbook.com/files/Migz/usdcadh1.png
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 10, 2013 at 05:52
Thanks Gila, thanks Ramin.Yeah new trader lol, which is why i posted my chart (in the place). ended up closing both positions for about 40 pips x2.yes i thought i might have been drawing fib exp wrong, if i draw it from the last v wont it tell me what has already happened?
How does this trade/chart look? (screenshot)
in
Experienced Traders
Jul 08, 2013 at 10:14
http://www.myfxbook.com/files/Migz/eurusddaily_dm.png
What kind of a trader am I?
in
New Traders
Oct 01, 2011 at 00:16
Thanks, that's very helpful.I think i'll take your advice and open a new demo with a lower starting capital as this would be much better practice for when i do go live i think $100,000 is probably not the amout i'd be looking to start with🙄, as you guys said the money management will be the big issue. if the first few trades went against me the account would be in serious trouble and my confidence would be shot.So maybe i'll focus on the euro/us and do some math before opening positions to limit risking too much on each trade. Also - trailing Take profits - do th...
What kind of a trader am I?
in
New Traders
Sep 30, 2011 at 08:56
Hey All,Thanks for the tips and support, what you have said makes alot of sense.So i think i'll try to use a smaller lot size allowing for a more comfortable stop and possible longer time frame.@Sharp I'm in Canberra.Many Thanks - Migz
What kind of a trader am I?
in
New Traders
Sep 14, 2011 at 23:21
Hi all,Im new to myfxbook and new to the world of trading currency and was hoping someone could look at my system and let me know if it has any major flaws.I'm practicing with a demo account and plan to keep doing so for a while but was wondering if my lot sizes are too big? if i set trailing stops and they are executed in a short period of time am i scalping and will i have problems with brokers due to this?would appreciate if you guys could find my demo account vgdemo1 as im not sure how to link it here.Any advice would be great!Many Thanks,Migz
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