Taking the Next step after you Have a trading plan

G'day all i have now got a trading system and plan i am happy to trade (based on chart patterns triangles double tops etc) However before i trade live i would like to know where i can learn about brokers requirements, and how they work. For example things like how to calculate margin requirements that neet to be in you account with various leverages and calculating how many pips a trade can go against you before your up for a margin call, and things like margin, free margin and margin levels, rollover charges, things like that. I hope this sentence above is understandable, as you can probably tell i am still learning about that side of forex.

Thanks for your help
Bret.

reading a money management book might be a good idea

You can take a look here: http://northfinance.com/eng/cfd/spec...rex-contracts/

Hope this will help.

Thanks for your suggestion liquid4x, however i am already familliar with the money management side from reading Van Tharps trade your way to financial freedom. Cristian this is the type of thing im talking about but i was looking for a more step by step explanation if you know what i mean.

I suppose what im realy after and believe others would also want to know is the REALITY part of trading forex. Like knowing that you may be going to be charged for holding a position for longer than a day from the interest differential of the two currencies your trading, and taking this into account and insuring it can fit into your trading plan without being a real pain. And understanding that you have margin requirements that you must take into consideration before determining where to put your stops etc. All the things that you should know when you realy beging trading.

Appreciate all other advice on where to learn about this stuff in a bit more detail.

Thanks
Bret.

How about trying to demo trade?
I think it's the closest... if not the best..

Regards,
East

Hi East, I have been demoing for a while now and realy just dont understand 100% all the stuff about margin percentages, swap charges etc. I guess I will just consult with the brokers and perhaps the other investment sites such as Investopedia. thanks again.

Bret.