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  • #1
  • First Post: Oct 6, 2006 9:44am Oct 6, 2006 9:44am
Hi all,

Completely new to the forex arena. Been studying TA for Dummies for a few weeks. Much to learn and discover. Opened a few demo accounts... made some and lost some. Understand the whole psychology and money management idea about trading but feel that I need a solid training course to ground the concepts. Was thinking about Pete Bain's Pivot Points. Any thoughts.

Also, would like to open a live account. Got a call from Forex.com and was wondering if anyone has had dealings with them. I saw the threads on OANDA. Forex.com also seams to have a fairly decent pattern recognition software... Autochartist... anyone have any thoughts.

Thanks
  • #2
  • Oct 6, 2006 2:17pm Oct 6, 2006 2:17pm
Quoting TheRumpledOne
It is SIMPLE...
Also, if you don't know why you should only trade the GBPUSD long and the EURUSD short, then, once again, IGNORANCE is COSTING YOU!!
Would you care to enlighten me as I am obviously ignorant of this revelation.
  • #3
  • Oct 6, 2006 5:51pm Oct 6, 2006 5:51pm
Quoting TheRumpledOne
Bemac, I read what you posted in other threads.

You have all the pieces to the puzzle.

You just have to arrange them.

HINT: Quit thinking like a trader and start thinking like a banker!
I'm going to need a bigger hint. Unlike Bemac I don't have over a 1000 posts. I still wonder why buy and sell is different. How about a bone for a slow dog.
  • #4
  • Oct 6, 2006 6:34pm Oct 6, 2006 6:34pm
Quoting TheRumpledOne
It is SIMPLE.

If you are paying a fixed spread then you are being ROBBED!
Maybe you can explain to the new guy the variable spread concept. Here are some recent spreads from a popular ECN broker:

http://fxtrade.oanda.com/spreads/rec....shtml#gbp_usd

Maybe you can start with the 15 pip spikes on the GBPUSD.
  • #5
  • Oct 7, 2006 7:07am Oct 7, 2006 7:07am
Quoting TheRumpledOne
May I suggest you learn about LEVEL II.

Report back with your findings so all may benefit.
LOL. I'm sure your Micky Mouse broker has level II and it is represenative of the other 99.999999% of the market.

May I suggest that if you have something helpful to say, you come out and say it.
  • #6
  • Last Post: Oct 12, 2006 1:25am Oct 12, 2006 1:25am
I have been trading with Forex.com for about 5 months now. I like the simple interface and easy-to-read charts. If you are using a lot of technical studies though, there are better brokers out there in terms of software
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