Please Teach me how to trade for long and short term | Forex Factory

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Please Teach me how to trade for long and short term

  • #1
  • First Post: Nov 9, 2015 11:00pm Nov 9, 2015 11:00pm
hi, i am from indonesia. i am start to leanr about FX for about a month ago. and i am still using demo account. its been 2 weeks in my demo account.
here some problem that i found.

1. Comision is about 3,5 pips, people say its easy to get. but i found it hard. the hard part is, when u loss, u still pay for it. that means if u play a scalping system, your money will be used just to pay for comission.

2. i set the SL for 5pips, is it ok?

3. i want to learn for long trade. cause from what i see, its eesier that way, and more profitable. but i just cant see how to buy or sell and when amd how many pips i need to stop loss

well, i am using monex demo account. if any of u from indonesia i hope u can gladly to teach me. if not, i am also hope u can teach me.

sorry for my bad english
  • #2
  • Nov 9, 2015 11:16pm Nov 9, 2015 11:16pm
The very first step for you would be to start here : http://www.babypips.com
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Nov 9, 2015 11:21pm Nov 9, 2015 11:21pm
Quoting PrideTrader
hi, i am from indonesia. i am start to leanr about FX for about a month ago. and i am still using demo account. its been 2 weeks in my demo account. here some problem that i found. 1. Comision is about 3,5 pips, people say its easy to get. but i found it hard. the hard part is, when u loss, u still pay for it. that means if u play a scalping system, your money will be used just to pay for comission. 2. i set the SL for 5pips, is it ok? 3. i want to learn for long trade. cause from what i see, its eesier that way, and more profitable. but i just...
Sorry but lots of traders here are struggling to make money and you ask in FF to teach you? Be careful, now you will be approached by a guru who promises huge rewards for a large fee and in the end this guru did not really help you after all.

On some people it has been years and they still couldn't make money. Don't expect to be profitable after 2 weeks of trading.
  • #4
  • Nov 9, 2015 11:24pm Nov 9, 2015 11:24pm
Danger, becareful, you will be end in private message by "professional guru", "professional trader", and end with wipe all you bank account,
just patient, learn alot, you can start here http://www.babypips.com/school

good luck

FOREX IS DANGER GAME IF YOU DONT KNOW WHAT YOU DOING!
Joining The 10%
  • #5
  • Nov 9, 2015 11:45pm Nov 9, 2015 11:45pm
look like many people give a same web. thx for the opinions.

@arcana traders, i do be carefull with the people u call guru.. lol
cause i do know its hard here, and i want to learn. lol but thanks for the alert sir.
  • #6
  • Nov 9, 2015 11:52pm Nov 9, 2015 11:52pm
hi bro, we're from the same country but i believe that this site not allowing me to speak in our tongue since this is a worldwide forum

1. try to read as many source as you can get (seputarforex.com is good)
2. believe me, there is no super, hyper, ultra, always win, good EA, we are human that just only try to predicting future as precise as possible, so don't you ever fall into a trap of an EA salesman.
3. truly understanding about the difference between trading and gambling.
4. even if you are good at demo account, its very different the situation you have with real account, since the real account will give you a stronger adrenaline that will affect your system and decision.
5. whoa...., sounds like i am a pro, i trade since 2010 means that i already have 5 years experience, YOU ARE WRONG, because even for 100 years experiences, no one is always right in taking decisions.

tetap berjuang bro, merdeka...
  • #7
  • Nov 10, 2015 12:09am Nov 10, 2015 12:09am
Quoting dimmerpixel
hi bro, we're from the same country but i believe that this site not allowing me to speak in our tongue since this is a worldwide forum 1. try to read as many source as you can get (seputarforex.com is good) 2. believe me, there is no super, hyper, ultra, always win, good EA, we are human that just only try to predicting future as precise as possible, so don't you ever fall into a trap of an EA salesman. 3. truly understanding about the difference between trading and gambling. 4. even if you are good at demo account, its very different the situation...
for seputarforex.com is also 1 of my source. i am even buy the book they make. well, i do believe that u r pro trader until u lose all of ur money. but this world is fun to have more money. i am planing to open my real account after i found my way to trade. now i am still confuse. to be a short trader or long trader. and look like in demo, commission is not included.

hahaha... merdeka broo... selamat hari pahlawan.
  • #8
  • Nov 10, 2015 1:47am Nov 10, 2015 1:47am
now i have other question, how many pips that u set ur SL?
  • #9
  • Nov 10, 2015 1:51am Nov 10, 2015 1:51am
Quoting PrideTrader
now i have other question, how many pips that u set ur SL?
You can't define a SL value before knowing how you will trade.

A stop loss must be defined technically (ie. high/low swing, etc ...), not with an universal fixed value.
MT4/MT5 EAs/Indicators/Alerts coder
  • #10
  • Nov 10, 2015 2:08am Nov 10, 2015 2:08am
There is no need for short-term.
Regardless of the mentality and nervous constitution trader, medium-term trade, designed for long stroke rates, is more comfortable, safer and quieter than any of the types of short-term trading. For those who want to try themselves outside the day trading, a simple piece of advice: try to forcibly hold one of the positions through the night.
  • #11
  • Nov 10, 2015 2:18am Nov 10, 2015 2:18am
a very simple question, with a simple math to answer

say that you invest US$100

think for how much losing that you can accept, expert say 2%, ok, so it is US$2
for long term case: trade 0.01 and set your SL to -200 pip = you will lose US$2 (remember there's spread)
for short term case: trade 0.2 and set your SL to -10 pip = you will lose US$2

see.. its that easy..

the hard part is: which one is better?

everyone in this forum will answer "try every method and indicator you feel fit" and final answer will be "ask yourself"
  • #12
  • Nov 10, 2015 2:26am Nov 10, 2015 2:26am
Quoting PrideTrader
hi, i am from indonesia. i am start to leanr about FX for about a month ago. and i am still using demo account. its been 2 weeks in my demo account. here some problem that i found. 1. Comision is about 3,5 pips, people say its easy to get. but i found it hard. the hard part is, when u loss, u still pay for it. that means if u play a scalping system, your money will be used just to pay for comission. 2. i set the SL for 5pips, is it ok? 3. i want to learn for long trade. cause from what i see, its eesier that way, and more profitable. but i just...
Hi PrideTrader, only one month in the forex world

You will need years and spend a lot of time watching the screen to learn this business.
I wish you good luck in your journey.



Quoting FerruFx
The very first step for you would be to start here : http://www.babypips.com/school
  • #13
  • Nov 10, 2015 2:29am Nov 10, 2015 2:29am
Quoting FerruFx
{quote} You can't define a SL value before knowing how you will trade. A stop loss must be defined technically (ie. high/low swing, etc ...), not with an universal fixed value.
well, i do make it 5 pips. and the result is with today trade, i lost all of my trade. the swing is too big for my 5 pips SL. but the worst part is all trade that has closed in loss rebounded. so if u willing, can u explain to me more? lol
  • #14
  • Nov 10, 2015 2:35am Nov 10, 2015 2:35am
Quoting dimmerpixel
a very simple question, with a simple math to answer say that you invest US$100 think for how much losing that you can accept, expert say 2%, ok, so it is US$2 for long term case: trade 0.01 and set your SL to -200 pip = you will lose US$2 (remember there's spread) for short term case: trade 0.2 and set your SL to -10 pip = you will lose US$2 see.. its that easy.. the hard part is: which one is better? everyone in this forum will answer "try every method and indicator you feel fit" and final answer will be "ask yourself"
i am planning to make an account with $1000 that means if we play for 1lot we set the pips in 20 pips? then we will loss $20?
  • #15
  • Nov 10, 2015 4:05am Nov 10, 2015 4:05am
if you mean 1 lot = $1, then yes.
and it is called short term trade because the volatility of major currency ranged in 50 to 150 pips a day. and in short term trading you have to staring at your monitor all the time, because 5-20 pips can be reach in just five minutes.
  • #16
  • Nov 10, 2015 4:24am Nov 10, 2015 4:24am
Quoting PrideTrader
{quote} well, i do make it 5 pips. and the result is with today trade, i lost all of my trade. the swing is too big for my 5 pips SL. but the worst part is all trade that has closed in loss rebounded. so if u willing, can u explain to me more? lol
http://www.babypips.com/school/eleme...esistance.html
The most common practices is to place SL below or above recent S/R (swing) Level.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The most basic idea before placing/define your SL is;
Your stop loss point should be the invalidation point of your trading idea.
not because some random reason (my fav number is 5 ,.. etc)

http://www.babypips.com/school/under...#ixzz3r5elK1Cs

Good luck.
I see it all in between ...
  • #17
  • Nov 10, 2015 5:06am Nov 10, 2015 5:06am
Don't study trading, instead study markets.
  • #18
  • Nov 10, 2015 6:24am Nov 10, 2015 6:24am
Quoting dimmerpixel
if you mean 1 lot = $1, then yes. and it is called short term trade because the volatility of major currency ranged in 50 to 150 pips a day. and in short term trading you have to staring at your monitor all the time, because 5-20 pips can be reach in just five minutes.
i didnt have that time to staring my monitor... then lets switch to long trade? lol
  • #19
  • Nov 10, 2015 6:25am Nov 10, 2015 6:25am
@thx thx for the ans
i will learn more
  • #20
  • Nov 10, 2015 6:26am Nov 10, 2015 6:26am
Quoting Atokys
Don't study trading, instead study markets.
this is where the strugle begin.. its hard... lol
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