A very important question

Quoting nimakhaki

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Hi

I just wonder what it means that you can only hold currency open in 2 days and the canadian only 1 day???

I have traded many times and had no problem holding currencys open for many days...

I use fxuniversal platform...

my other questions is what charts you guys is using....I use MACD , moving average, bollinger bands...

And seems that they are doing a good job.... is it neccesary with other charts?

Is there a chart who shows more pricesly wich way the trend goes??

Thak you very much

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Quoting diallist

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The 1 & 2 day limits only apply if you are expected to take physical possesion of the currency. If you don't take possession and wish to have your trade continue, your broker will apply rollover charges to your trade at the close of each day. Brokers do this automatically, which is why your trades have gone longer than 2 days. Look at your account transaction sheet and you will see entries for the rollover charges.

MACD, Bollinger Bands and moving averages are common indicators that are available on any charting package. I use MetaTrader4 myself.

I'm not sure what you mean by "are they necessary on other charts".

There is no chart that will precisely show trend direction. But, there are various techniques available for gauging trend direction. You can look for higher highs and higher lows in an uptrend (reverse for downtrend), or you can draw simple trendlines, or you can use multiple moving averages. When the faster MAs are above the slower MAs, the trend is up, and the reverse is true for a downtrend.

Dial

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Quoting nimakhaki

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thanx

but where can I get metatrader4 and how do i use it...

Can I ask if you do this for a living and if so how many pips do you get each month???

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Quoting diallist

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You can download MetaTrader4 from www.metaquotes.com. It is free.

Number of pips per month is deceptive. There can be two traders who are both up 200 pips for the month and one trader can have made money while the other trader lost money. This has to do with Money Management. For detailed information, read the Money Management thread of the Beginner's Forum.

Dial

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Quoting nimakhaki

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Hi

Thanx....

I have been in metaquotes.com and under the link metatrader, but couldnt find anything, only some fx brokers...Can you please send me a specifik link??

Thank you very much

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