bucknuts...icemanbti..... .nghia1973....forex talk.

Question

hey guys,well i started trading in a practice account and i made $91.00 in about 1 min. soon after i  made another trade and lost a few dollars without any idea of what im doing. i am becoming more and more farmiliar though so i am in this for the long haul. a rep from forex called me and helped me understand a few things but im still in the dark as far as the basics are concerned. you buy low and sell high during a good period or trend period. so far thats all i know as far as a stratgey goes but i havent seen anything that looked lower on the  buy price as opposed to the sell price in order to cash in. if you guys would be so kind to help walk a great 66% hadicapper and trading dummy through this i would be very greatful. i just need the basic stratagey and what to look for and why. as far as the news and day to day volitility goes im sure there are days it might not be a good idea to trade and better to lay off. almost like a bad betting board in sports. any help is appreciated fellas.. thanks alot bucknuts for bringing this to my attention and also icemantbi &amp; nghis1973. i scheduled a webinar for myself on thurs at 1:00 pm but i would like to hear from you guys just as much on the questions i will have.

bluesplayer · Answer

hey guys,well i started trading in a practice account and i made $91.00 in about 1 min. soon after i  made another trade and lost a few dollars without any idea of what im doing. i am becoming more and more farmiliar though so i am in this for the long haul. a rep from forex called me and helped me understand a few things but im still in the dark as far as the basics are concerned. you buy low and sell high during a good period or trend period. so far thats all i know as far as a stratgey goes but i havent seen anything that looked lower on the  buy price as opposed to the sell price in order to cash in. if you guys would be so kind to help walk a great 66% hadicapper and trading dummy through this i would be very greatful. i just need the basic stratagey and what to look for and why. as far as the news and day to day volitility goes im sure there are days it might not be a good idea to trade and better to lay off. almost like a bad betting board in sports. any help is appreciated fellas.. thanks alot bucknuts for bringing this to my attention and also icemantbi &amp; nghis1973. i scheduled a webinar for myself on thurs at 1:00 pm but i would like to hear from you guys just as much on the questions i will have.

icemantbi · Answer

hey bluesplayer,&#xD;&#xA; &#xD;&#xA;I just started off with a practice account too.  Basically, I just look for the waves, I get in and get out.  I&#x27;ve been pretty successful doing that.  Bucknuts has a good system in place where he watches the lines and makes plays based on that.  But for me it&#x27;s just about finding the waves and riding them up or down.  Since I started practice trading, I&#x27;ve made close to $2,000 virtual dollars, The real key is to not get greedy, when you make 50 pips, or when you see the wave start to dip and turn, get out and take the profits.  You can always get back in later on.&#xD;&#xA; &#xD;&#xA;Hope this helps, I&#x27;m a newbie too.  I&#x27;m looking at starting a mini account now, but I&#x27;d stick with the practice account until you get comfortable with it, and can make consistent profits.

bluesplayer · Answer

thanks man..i need some experience with this and with what to watch ....." the waves" as you put it. also the #s im looking for in respect to the value of a good trade. its day 1 for me so i guess ill be patient ......but i sure could use 1k here and there..so im very eager....do you look at the graph and judge where you think it will go based on the 4 hr spread or do you  just watch the # &#x27;s move?

icemantbi · Answer

Actually, I have found success based on the 5 minute charts.  That way, you can profit on the very small bumps that happen.  Of course, I look at 4 hour charts as well, as a general indicator of where a certain currency is going.  But my successful trades have all been less than 30 minutes, last night I profited on  couple trades, both of which lasted a mere 7 10 minutes.

kevk87 · Answer

I gotta ask, what technical indicators, patterns (like the head and shoulder or the Elliot wave), candlestick patterns, or oscillators do you guys use in your system?

bluesplayer · Answer

i see...i tried a trade today and i made 91.00 usd in 2 min without knowing anything at all but looking at the realized gain or loss section. when it reached near 90.00 dollars i sold and i made out a bit but then i tried another without doing any research and lost 130.00 and ended up -44 total. granted i have less than 3 hours experience at this and i know very little but im already catching on i just need to get the routine down for making a good trade, without guessing but actually knowing what the hell im doing. thanks for filling me in..im sure ill have more questions to bother you with soon...but ill be patient and keep learning as much as i can on my own, so hopefully i wont have to constantly bother everybody and just make some coin instead.

bluesplayer · Answer

so far ive only seen the candle stick on forex but i have read about the head and shoulder as well. im so new i really should not be addressing anybodys questions....but thats all ive absorbed so far. good luck...and feel free to fill me in if you have any stratagey to help the cause..

bucknuts · Answer

cad/chf  will be the trade 2night..its going to be a bottom bottom with a cross..its in the low 1.00s now so id wait and see if we can buy in upper 99s which is the low of the block b4

bluesplayer · Answer

thanks bucknuts..

bluesplayer · Answer

im having trouble getting cad/chf on my page. its not listed at the top, its only an option near the graph. why cant i see it with the others?

bucknuts...icemanbti..... .nghia1973....forex talk.

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