forex trading
By gbengatel
@gbengatel (3)
Nigeria
January 25, 2007 6:33pm CST
i just started new in fores trading, what are the best way to go into forex as a beginner and able to make at leat 10 pips a day.
5 responses
@steerforth (1797)
• Italy
26 Jan 07
I have never understand the forex...I have join Marketiva but I have never understand it.
1 person likes this
@NatureBoy (493)
• Singapore
28 Feb 07
As a newbie, start off somewhere easy. I would recommend you to use Bollinger Bands and Moving Averages. This should enable you to make some 10 pips on a M30 chart. Learn how Bollinger Bands can contain there price movements, and what the MA crossovers mean. Pick up some trading tools like Meta Trader 4. Its free and gives u a demo account to use. But shop around for good brokers when you are going live trading (with real cash)
@firestar77 (35)
• Netherlands
26 Mar 07
hai bcl ?
I can teach you totally new way at looking at(Marketiva)forex market without the help of a lot of (economic)and technical indicators...It's kind of idiot proof..(ha ha)trading system. I' don't like to read or follow economic news...before i'm doing a trade. That's why i made my own system.. (works too !).
@wesderby (178)
• United States
26 Jan 07
Same here...I joined, read the materials, and didn't really see how I could start making money unless I bought a lot omore of this guy's products...I wasn't impressed and ended up requesting a refund...And after some negative emails from the company, finally got my money back. I was definitely not impressed.
@bison007 (254)
• Indonesia
26 Jan 07
As beginner you should join some forums about forex, usually they share strategies, some of them is really easy and good strategies. Honestly, playing forex is not easy and sometimes to get 40 pips in a day is easy sometimes to get 5 pips also very hard. :)
@gatotkaca1979 (8)
• Indonesia
30 Jun 08
have you ever try to trade like a blind man? Last month i trade at marketiva with all currency more than 10 pair. I open position with free without any indicator for example I open long for all. If profit I close if minus let it be, if any minus bigger than 200 i open the same, for exam if my Long position is -250 then i open long again in that pair. Of course all position not bigger than 10% posibly 20% of total margin to counter bigger minus. So if all pair against me about 1000 pips thats margin call. I think it's low probability. I do that last month and at the end of month i close all position with total profit 30%. Do you dare to try ? for 1 position I use only 0.5% - 1 % of margin.
