Hi,
I would like to ask you beautiful men about what charts are best for mini account tradding? Cuz I have limited capital and I would like to know whether there is a correlation between mini account with 5, 10, 15 mins etc..... charts?
In my experience is that my margin wouldn't last for 48 hours...!
Regards,
Thdbird
Mrgreen,
I visited with the Oanda webby and I find it great... itz much better platform than the one I currently using. Though they uses JAVA... Oanda is much faster and a lot easier interface.
Mrgreen makes a good point... I only started on Monday with $250 and I'm down to $50 at the moment Fortunatly I've heard alot already and I'm ready to try to gradually built up my lost $200 with a more patient and figured out egy!
On that note... has anyone else lost their ass on NZD/USD after about 11 AM EST? I made several very good deals on this pair from 6 AM - 11 AM several times during my week, but ANY time I held on past 11 AM I dropped challenging -- in fact, being greedy and holding on too long to this pair dropped me all the money I'm down at this time.
I'm simply using forex.com without any external resources and it sounds fairly effective, but then again I am new to this!
You may also need to look at interbankfx. They're a fantastic broker. They were changed to by me a few months ago. There's a few good reasons to look at them. To begin with , they have good spreads - 2-pip EURUSD, 3-pip USDJPY, 4-pip GBPUSD. Secondly, they have no dealing desk, which offers a lot of benefits.
Finally, and most relevant to your question, they offer you the ability to exchange micro lots. A micro lot is that the magnitude of a mini. From the EURUSD, by way of example, the value of one pip per micro lot is 0.10. This is very good for anyone just getting started in Forex who's ready to go to a live account from demo trading.
Interbankfx is a fantastic choice also and I have heard good things about these.
I picked Oanda simply because I use different computers and also the coffee platform lets me access from any of them. I use a Solaris (Unix) workstation at work and I have a solaris x86 PC in your home. I got a Linux box around here somewhere but I never have a chance to play with this. My notebooks are both windoze so I run my MT4 demos from them. And in a disaster situation I can use my 14 year old sons PC. (He is on notice that when the others all expire at once I am moving into his region of our shared home office. I really have an SBFX demo w/ my templates cloned on his PC
it's about using a platform that suits you and your lifestyle.
Sundownz:
there's an item in theforexsoutheast.asiaForex Articles section:
https://www.forexsoutheast.asia/gene...e-meeting.html
In the article Joe Ross says:
there's really only one true issue with your trading--that issue is you! However, the issue manifests in two ways:
1. Market conditions have changed and you have not.
2. You are no longer doing what you did when you were winning. You've drifted. You are not consistent.
The very first aspect of the issue is due to inadequate observation. The market has changed and you have not changed with it. Inadequate observation stems from an assortment of lesser but important issues. You've married a market, or even a trade. You might have enabled your self for the best of you and you're no longer humble.
I hope you do not think that I'm being critical because I don't mean to be. Believe me I have been where you're. My 1st acct was exchanged down to US13.00 until I awakened.
Originally Posted by ;
I am searching for any advice I can get, so I don't take you as being critical in any respect. I awakened my first week due to errors on my part, that's a true statement. My biggest so far was up $60 in my NZD/USD position and not selling directly then... which lost me most of the $200 I lost a week when it crashed back to my stop loss point.
I've been through most of James16's big thread with all the charts this day and I downloaded MetaTrader and started playing together with the indiors and awaiting at the points where I awakened -- many are pretty evident with the information I have today.
Your question is confusing.
1) I think you might mean'what trading platform'. You might want to consider using Oanda as a trading platform and then use an MT4 (SBFX or alternative ) for charting purposes. Lots of information here about the forum on the two. The reason why I suggest this is that on Oanda it is possible to trade in a level as little as US.01 per pip. At this level you'll be able to trade with real cash whilst still studying and not need to risk a whole lot of capital. Oanda charts are restricted so utilize the MT4 platform demos. ( I enjoy SBFX cause it doesn't expire like a lot of others so you dont need to go through the hassel of registering a new acct every few weeks).
2) as to the time, a new trader mostly needs delight so the 5 -15 minute charts allure to them. Traders that trade for excitement are those which are beginning to enrich my acct on monthly basis. Once you have gotten beat up on the 5 - 15 minutes charts begin to watch the daily and weekly stuff. Much less exciting, but definitely more profitable.
Read on and asking questions.
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