DislikedI've had a quick route around but is there a glossary somewhere which doesn't blind me with science?Ignored
It is a great community. I am sure somebody will help.
Which FX Trading Course/System is Good for newbies? 41 replies
Help for Newbies. What can you learn on Forex Factory? 42 replies
No Help for newbies at Forex-tsd :C 8 replies
Price Action for Newbies HELP WANTED! 2 replies
HELP THE NEWBIES!!!!! 2 replies
DislikedI've had a quick route around but is there a glossary somewhere which doesn't blind me with science?Ignored
DislikedHi. I am not a robot
I'm trying to learn as much as i can about forex but i'm really struggling with the terminology. I've had a quick route around but is there a glossary somewhere which doesn't blind me with science?Ignored
DislikedHi all,
I'm new to forex, and this forum so I don't know if somebody has allready answered my question (I've tryed searching for it...).
I've been trading on demo account for about 4 months now, and read numerous articles, but I haven't found answers to my questions.
I have 2 questions regarding opening an live account:
1) If I open live account in USD, does that mean that I can only trade with USD as a base currency (USDJPY,
USDCAD...)? What would happen if I enter EURJPY where USD is neither base nor quote currency? Do I pay additional
transaction...Ignored
Disliked2) I was reading through babypips.com and found something that I didn't understand, and it kindda scared me because
calculations didn't add up. This is the article: How Leverage Affects Transaction Costs | The Number 1 Cause of Death of Forex Traders | Learn Forex Trading
Do they mean that transaction cost is spread x pip value(value of pip in tradet currency pair) or is there some other cost I should calculate in?
I also don`t know what commission is? It...Ignored
DislikedTo sum it all up, I wanna know what are the additional cost of live trading that are not calculated in demo account.
ThnxIgnored
DislikedBecareful what you read from a demo statement or even a real live statement.
Relative Drawdown and Absolute Drawdown are often wrong with in account statements. The reason for this is that they measure a static figure for a fluctuating market at any given time.
Ignored
Dislikedi think he is referring to equity drawdowns... which don't get counted until they are actual account drawdowns? or maybe they do get counted and i haven't looked at a statement for too long.
just think of all the elite market warriors battling the big bad forex market without a stoploss, praying to their 'art of war' bibles, and holding onto massive floating losses. yet the statement shows little or no drawdowns and all wins etc.Ignored
DislikedIt's very easy common sense. The market moves... a static number does not.
Open up a dummy demo and open some trades wait take pictures, wait take pictures, wait take pictures and then compare them to the statement. Hopefully you're not too lazy for that.
If you trade with 100 pip stop, 50 pip stop doesn't matter you still won't escape this problem, because your stop will not always get hit. If you have a 99 pip floating loss and the trade turns and wins the DD numbers will not be right. ...Ignored