forex
By Ongtina
@ongtina (1232)
Singapore
May 9, 2010 10:54pm CST
Can anyone teach me what and how does 'limited' works? You know, the one that has 1 hour,2 hours up to days, weeks, and months. How does the upper and lower bound work or is used? Or do we use limited with take profit and stop loss?
5 responses
@myl999 (2093)
• India
10 May 10
Forex actually is the most real business over the net which you can do from home and is a sure profit business for the long term and will bring you income for years,but like other businesses this also have flaws and risks.To benefit from the business you need to learn the trading yourself which is such a cumbersome task people looking for less work and high income will leave within hours of working with it,but once you know the basics you are the king,just work for some hours and once you get your target income you are free.You should be extra careful if you are working with forex as high income is possible with this business high losses are also there so if you exactly do not know trading do not jump into it take some time and learn the basic things first, try open demo accounts at different brokers and practice for some time,now try to evaluate your skills before investing your real money.There are plenty of sites which will tell you that it is an easy job with their buy and sell calls and other features but just do not jump on to business with their words no one is going to rescue if you lose,So I would suggest if you have interest learn forex first for some time from a good reliable source find out searching the net and practice a demo account with some of them and if you think you are working fine with the demo open your real account and open through the broker with whose demo you got best success.At last I would like to tell that this is a long lasting business which makes you money..but there are very few people who really want to work learning the tedious basic things,if you pass that phase you really are a king.happy lotting and good luck.
@ongtina (1232)
• Singapore
11 May 10
I have at oanda. Sometimes seems to get the hand of it and then, lost it sob,sob. I read somewhere that we try to see the trend, up or down, by looking at the 1 day, 1 hour, 15 mins and 1 min and if they are heading the same way, that's the go sign. Usually, I skip the 1 day. Think it's feasible??? And then we have to see the turning point as well or you'll be entering when it's turning and there, you're doom, going in the wrong direction.
@myl999 (2093)
• India
10 May 10
me too not from sky friend,I am also trying to learn the finer points of forex trading,first tried a demo account at etoro but was not able to make a single profit from tradings so left that platform,again tried with demo accounts with other brokers but still not able to get what I want,that is why I told it is difficult but worth trying and learning spending some good time.you also can open a free demo account at etoro and try to see how you will do its free.
@ongtina (1232)
• Singapore
12 May 10
I've found trading sites through search. You have to try the demo platform to know if it's going to work for you or not. As for sites being a professional guide/broker that is good or not, I really won't know. I think you will need to read more at forums for forex to get insight on that.
@ongtina (1232)
• Singapore
10 May 10
Read my other forex question, it should give some idea. Next, check the opening hours of the trading markets. The best time to trade is on the 1st hour of opening time. And read the training guide in the trading sites, practise on the demo to understand better.
@ongtina (1232)
• Singapore
11 May 10
How much you invest? Did you profit? At first I was doing fine following what I've read but somehow, I'll lose my profits before the month end, so i tried following tips from professional, paid for a 3 days' trial, and then in 2 days, I've lost my capital. sob,sob,sob. I think I'd better learn the skills for myself, at least I still managed to maintain my capital. Still hurting and haven't recovered from the lost. 'fuming'
@lazarosbg (4)
• Bulgaria
18 May 10
hi there , i can invite you to my new blog for Forex basis .
Hope its usefull .
www.forex-cube.com
