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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Industry Role:
Join Date: Mar 2003
Location: Sweden
Posts: 30,069
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Ok,I'm gonna start some forex trading
Been looking around for a while at babypips and some other places and decided to just open a small real account at $1000. I know most say that opening small accounts like that is bad but It's money I feel comfortable to lose and I want to get my feet wet.
Any pointers and good websites I should check out? What is the best place to open a "micro" account like I want to do?
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gfynicky @ gmail.com |
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#2 |
Too lazy to set a custom title
Join Date: Jul 2002
Posts: 40,377
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forex trading is the favorite exit strategy for adult webmasters
![]() good luck Nicky though ![]()
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I don't use ICQ anymore. |
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#3 | |
Confirmed User
Industry Role:
Join Date: Mar 2003
Location: Sweden
Posts: 30,069
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Quote:
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gfynicky @ gmail.com |
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#4 |
Confirmed User
Join Date: Jan 2006
Location: Mobile, AL
Posts: 1,647
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small account = big mistake
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#5 |
Confirmed User
Join Date: Aug 2002
Location: Orlando, Florida
Posts: 2,051
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I'm using FXCM Micro:
http://www.forexmicrolot.com/ With this company you also get access to http://www.dailyfx.com/ - which gives some decent trading signals and suggested trades. Make sure you know how to read charts, the elliot wave theory, support and resistance levels, stop loss and limits, etc. Study individual currency movements to find out which way a pair will move, etc. Start small, make sure you have a large enough amount of money in your account, because a small move can easily erase your margin and kill your account. To be honest, its hard as fuck! Charts make tons of unexpected moves. Once you spot a trend, by the time you jump in, it will usually start heading the opposite direction. Don't chase losses. |
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#6 | |
Confirmed User
Industry Role:
Join Date: Mar 2003
Location: Sweden
Posts: 30,069
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Quote:
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gfynicky @ gmail.com |
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#7 | |
So Fucking Banned
Join Date: Sep 2007
Posts: 961
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Quote:
Well, you are obvisouly gambling... If you are looking for another business like Forex is because you have seen other webmasters talking about it and you are trying to recover the income you were doing back in 2004 in adult alone. Anyway, you need a lot of training to trade in FOREX, what is your curriculum? Which books did you read? Even marketsmart lose money in FOREX. Have you seen a guy called "Stern-Capital" here in GFY??? Well.. Look for Stern-Capital thread at FF forum... He makes questions asking about what system he can use, LOL... ![]() ![]() |
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#9 | |
Confirmed User
Industry Role:
Join Date: Mar 2003
Location: Sweden
Posts: 30,069
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Quote:
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gfynicky @ gmail.com |
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#10 |
Confirmed User
Join Date: Mar 2008
Posts: 8,960
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Good luck with that.
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#11 | |
:glugglug
Join Date: Mar 2003
Location: Where the Wild Things Are
Posts: 26,118
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#12 |
So Fucking Banned
Join Date: Sep 2007
Posts: 961
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#13 |
Confirmed User
Industry Role:
Join Date: Feb 2005
Location: US
Posts: 5,326
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I'm using IBFX which is an ECN/NDD
There is no reason to risk any money, with demo accounts its as close to live trading as it gets. I tend to take much less risk in a live trade. I know you want to get your feet wet but trade the demo account for at least 3 months. In addition to babypips, forex-tsd.com is great forum to get ideas, EA's, indicators etc. and of course MT4 is the platform to use. |
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#14 |
Too lazy to set a custom title
Join Date: Dec 2004
Posts: 17,513
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forex 4 lyfe
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#16 |
Confirmed User
Join Date: Dec 2006
Posts: 2,084
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Is that a ritorical question?
![]() You can make with Forex as much as you want. Many end up with a 0. |
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#17 | |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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Quote:
![]() Make sure you know your limits and stop a trade before it gets out of hand, But read and read more then keep on playing with the demo account.. I to have made and lost money with forex and belive me it is stressfull...good luck |
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#18 |
Confirmed User
Join Date: Aug 2002
Location: S. Florida
Posts: 750
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Read the James16 Chart thread about chart trading. No indicators, just price action. James 16 also has a trading group you can join.
Also SRDC I Another system is Woodie's CCI also http://www.woodiescciclub.com/start.htm
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Somebody stole my damn signture... |
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