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a newbie in need of help

  • #21
  • Dec 12, 2014 8:05pm Dec 12, 2014 8:05pm
Quoting richdadeze
Hello, i am a newbie and has been reading many articles and newsletters on forex trade, but when it comes to placing the trades, i get confused on how to start. One, i don't know how to actually calculate the pivot point or how to determine the exact point to place a trade, ie the swing high or low position. Can someone please show me exactly how to determine the swing high or low and how to place a trade, please.
don't be in a hurry to burn your capital. read as much as you can about forex market for at least one year, practice it on demo for another one year, then try your knowledge on real account trading only micro lot. observe for 3 months the result and decide if forex is for you or not. doing it slowly is the only way.
  • #22
  • Dec 13, 2014 4:54am Dec 13, 2014 4:54am
whatever method you choose to learn. it will follow the main goal.. A winning trade. it is time to buy...
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  • #23
  • Dec 13, 2014 5:48am Dec 13, 2014 5:48am
Quoting jops
{quote} don't be in a hurry to burn your capital. read as much as you can about forex market for at least one year, practice it on demo for another one year, then try your knowledge on real account trading only micro lot. observe for 3 months the result and decide if forex is for you or not. doing it slowly is the only way.

Totally agree here .Forex is not for everyone. Always better to escape at the first stage when you realized that you can't do forex trading.
  • #24
  • Jul 13, 2015 10:46pm Jul 13, 2015 10:46pm
Quoting richdadeze
Hello, i am a newbie and has been reading many articles and newsletters on forex trade, but when it comes to placing the trades, i get confused on how to start. One, i don't know how to actually calculate the pivot point or how to determine the exact point to place a trade, ie the swing high or low position. Can someone please show me exactly how to determine the swing high or low and how to place a trade, please.
do you use MT4? you can look for indicators to show pivot points so you dont have to calculate... they print everyday, look i share the one i use with you

for further information you can access babypips school, i started from there and still recomend it
Attached File(s)
File Type: ex4 2THV3 SDX-TzPivots_v4.ex4   27 KB | 234 downloads
Perfecting your entry will increase your profits
  • #25
  • Jul 14, 2015 3:13am Jul 14, 2015 3:13am
Apologies for dropping into someone elses thread, but I can't make new threads yet.

I'm looking at using a VPS for a EA and I'm out of my depth when it comes to computer terminology. I'm wondering how many terminal counts and other configurations I need for a single EA on a Metatrader 4 platform on a single account? thanks for any assistance
  • #26
  • Jul 15, 2015 2:43pm Jul 15, 2015 2:43pm
I have sent this to all the guys who want help...dont fall for the easy talk....trade small lots and tight stops..even if you decide to go it alone. On demo accounts guys trade big and take false results from trading huge lots...no pressure...thats easy..trade live guys with small deposits.

Hi Guys,
I have been contacted by so many newbies and asked the question as to how to trade.Well, i still feel the best way to start is to copy trades from a reliable trader and discuss in the forum how and why and when what happens. I am making myself available to all you guys and would like to suggest that you open a live account of $ 100 to start you off with. If you are interested, just let me know and I will put together a good deal for all of us with my broker. You will, of course have to also open your own account, but at least you will then be able to communicate with me directly and receive my trades and teaching techniques which will assist you to slowly understand the pitfalls and problems encountered with forex trading.
Kind regards,
Charlie
clasgolf
  • #27
  • Jul 15, 2015 2:45pm Jul 15, 2015 2:45pm
P.S. Forget the technicals...Use the K.I.S.S. method
clasgolf
  • #28
  • Jul 17, 2015 5:20am Jul 17, 2015 5:20am
www.babypips.com
  • #29
  • Last Post: Jul 19, 2015 3:46am Jul 19, 2015 3:46am
you don't need to calculate the pivot points your self, you just plot the indicator on the chart and it will calculate the pivot points automaticly for you,
if you don't have this indicator in your platform, you most certantly would find one to download and install here on FF for free.
you should not start to trade real money until you are properly educated, use a demo until you know what you are doing.
you need to have a profitable system to work for you, it isn't just to buy and sell and hope for the best,
it got to be something you have tested under a long time to find out what is consistent and what is not.
you also need to educate your self, forex trading is not easy. the only indicator I could think of that could help with entry is the Donchian channels indicator,
it is a proven strategy that got pretty famous from the Turtle traders. you just enter when price touch the upper band, your stop loss goes under the lower band.
I hope that helps
Bulls are stupid Animals!especially when Im short!
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