Archive for the Forex Rookie Q&A Category

Am i under under-capitalized?

I started trading a mini account at GFT with 500.00…a year later i lost 90% and put in 2500.00 more for a "regular sized" account where each pip is 10.00 instead of 1.00.
well 10%…a large chuck of money for one trade is 250 (25 pips), but i’d rather risk NO more than 2%
[...]

Any daily/day trade strategy to recommend from this forum

Hi,
I am new to forex. Due to my work and lifestyle,
I can’t monitor the market like other.
Hence, I am looking around for some daily chart strategy
from this forum. It must be tested by other and working
fine and simple.
Anyone know of any good strategy from this forum/thread,please
let me know the strategy name or system. Then [...]

Trading news - Retail vs ECN Brokers?

Posted this question in another thread but haven’t got a response so I thought I’d start a new thread:
________________________________________________________________
Hi everyone.
I have a question re ECN brokers vs retail dealers that someone may be able to help me with…
I like to trade forex on news/economic announcements. I currently trade through IG Markets - a retail dealer/market [...]

How many pips will you set for trailing stop?

Trading within one day, using 1h-15min-3min combine to do the anlysis and
I used to set the tailing stop pips to 20, but it always got reached by the back adjustment, how many points do you guys set this? may be 40 points is more reasonable ?

Trading NFP

Looking at the last few months NPF, whether the numbers are good or bad, there are wild swings both up and down.
So,
Wait half an hour before the news release, go long and short placing take profits 20 pips away from your entry point for both trades. When the news hits and price [...]

How do you use the advance GET oscillator?

I see it but don’t know how to use it. What are the buy and sell signals?
thanks

Which MT4 platform has these charts?

Hi everyone,
I’m trying to find a MetaTrader 4 platform with charts of Crude Oil, Gold, S&P mini futures and US Dollar Index. I’ve tried to download and install several different demo platforms, but none has all of it. As a matter of fact, the only chart I have found is a Gold chart.
I’m not giving [...]

1 pip = ? lots

I wondered with what amount of money should you enter so you move the market with one pip. So 1 pip = ? lots ?

how to lose money spreadbetting

hi i am a noob who has delighted his broker/trading platform/whatever you want to call it by managing to seemingly blow £500ish on spreadbetting cable.
i was introduced to mt4 by a friend and decided that i wanted a slice of the action and wanted to quit the rat race spend more time with the family [...]

Daily Candle close time…Does IT Matter???

OK, I’ve got three MT4 platforms open (yes i’ve got lots of monitors, and no, i don’t trade this way!)…
I’m looking at feeds that have daily candle close times of 5pm ET, 6pm ET, and 7pm ET. These seem to be the three most redily available feeds from MT4 brokers.
My question is, looking at the [...]

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