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Realities of Forex Investment
ndumesidubu
#561 Posted : Wednesday, December 01, 2010 11:59:18 AM
Rank: New-farer

Joined: 10/31/2010
Posts: 11
Location: nairobi
Rabin , the different banks have their own requirements to get a credit card, you could also wire the money to your broker , the three brokers that i use to trade all accept wire or credit card, just be sure you are not borrowing to trade because that would not be a smart thing to do, also make sure you have mastered money management before you take the plunge,otherwise i wish you all thwe best.
"Individuals who cannot master their emotions are ill-suited to profit from the investment process."
Benjamin Graham
hisah
#562 Posted : Thursday, December 02, 2010 7:30:32 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
ngapat wrote:
@hisah, you wish u didn't close

True. But it's a god practice to take profits once your targets are hit or loss limits are reached in order to remain solvent smile

With Dec here, time to stay away from the trading desk. Thin liquidity can creat wild volatility. Will only maintain the USDCHF & USDJPY longs over Dec hols.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#563 Posted : Thursday, December 02, 2010 7:33:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
ngapat wrote:
@hisah, you wish u didn't close

True. But it's a good practice to take profits once your targets are hit or loss limits are reached in order to remain solvent smile

With Dec here, time to stay away from the trading desk. Thin liquidity can creat wild volatility. Will only maintain the USDCHF & USDJPY longs over Dec hols.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
vestor
#564 Posted : Thursday, December 09, 2010 1:06:54 PM
Rank: Member

Joined: 11/9/2010
Posts: 132
Hallo Traders,
Which is the best platform that I can download and use? I want to learn and start trading.I have procastinated venturing into this market for a long time. Can I trade with as little as 50K?
Thanks in advance.
kasheshe
#565 Posted : Thursday, December 09, 2010 2:29:07 PM
Rank: New-farer

Joined: 8/6/2010
Posts: 26
@Hisah,

You appear to have a very good understanding about this Forex thing. Now would I be right to say that GBP/USD and EUR/USD in most cases trend in the same direction. The only difference being that one pair is more volatile than the other? I am a novice trader and targeting to resume serious trading once I have sorted my skills.
The Merchant
#566 Posted : Tuesday, December 14, 2010 10:52:41 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Hey guys. Does any of you own a Nokia E63 phone and are you able to download any forex trading software on it? If not please let me know which phone you find useful for FX trading. Thank you.
hisah
#567 Posted : Wednesday, December 15, 2010 11:22:32 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kasheshe wrote:
@Hisah,

You appear to have a very good understanding about this Forex thing. Now would I be right to say that GBP/USD and EUR/USD in most cases trend in the same direction. The only difference being that one pair is more volatile than the other? I am a novice trader and targeting to resume serious trading once I have sorted my skills.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#568 Posted : Wednesday, December 15, 2010 11:24:30 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kasheshe wrote:
@Hisah,

You appear to have a very good understanding about this Forex thing. Now would I be right to say that GBP/USD and EUR/USD in most cases trend in the same direction. The only difference being that one pair is more volatile than the other? I am a novice trader and targeting to resume serious trading once I have sorted my skills.


GBP pairs are usually more volatility than the euro pairs. GBP/USD in most cases follows the EUR/USD trend, but you also need to check the EUR/GBP pair to confirm which has more strength. As a beginner avoid GBP/JPY (geppy the beast) since this pair is the most volatile of GBP pairs. Since the 2008 crisis financial crisis the floor is shaky and it has made fx trading a more short term game; mostly day trading. Also while trading look at the economy fundamentals. E.g. Trading the euro or cable vs the $ is hard to track than say aussie vs euro or cable. The aussie economy is better than the those two, so it's easier to buy the aussie against the two. At the same time you need to understand tech analysis which can give you a better entry point for buying or selling. And most important always have stoploss levels.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Morey
#569 Posted : Saturday, December 18, 2010 8:09:24 PM
Rank: Member

Joined: 12/2/2007
Posts: 230
Location: London,SW
Wow!what a day that was?i will never forget Friday 17 Dec 2010.I traded for 24h non stop from thursday til friday.I was on fiber(EUR/Dollar),i went up together and came down falling together.
fxtech
#570 Posted : Saturday, January 01, 2011 1:44:35 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Hi, guys to all forex traders, hope you had a great yr in trading,2010. As we usher in 2011, my proposal as traders we can brainstorm on this forum on which trades we taking and why. Does anybody support?
Discipline & sticking to your strategy even when you loosing defines great traders.
396 Pages«<5556575859>»
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