SO here I am!

I have been considering trading on the Forex for a couple of weeks now and found this website from the outset. I have a demo account and have been playing around on the FXCM Trading Station to see how things work.

I now get the basics on opening and closing a position and placing stops and limits which is all pretty easy. I also understand the info on the charts and get he "candle" concept.

So, which strategy? I have been following you guys on the London Forex Open system and looking at the results it has been a bad couple of months although for the year you are still up! I am hoping that when I finally put some real cash in the pot that the winning ways return. (I have not bought the system yet either but follow the basic principles!)

Still don't quite understand the value of a pip and how to work out what I will be making (or losing) per pip! That is my next thing to suss out!

Then make sure I only stake a "percentage" of the pot i am putting in and I will be away!

This time next year Rodney.................................

Mode

Hi Mode,

Welcome to SystemsForTraders - make sure you pick up our Trade Sizer - It should be useful - link is here (you have to be logged in to download it).

And do join in and keep us updated - Oh! And Good luck Rodney!

That trade sizer is excellent! I have been reading through a pip sizing page trying to work it out and was not really getting it. Saved me a lot a brain power with that!

Thanks guys!!!

You are welcome - Glad to be of help!

hi I'm zainon can call me zai. Just join here to learn forex. Already 3 month trade but still loosing. When I'm profit I'm very scared but when I'm loosing I'm still in the market and hit my stop lost hahahahaha... that why I came here if there is a solutions. Thanks.

Originally Posted by swisszai

hi I'm zainon can call me zai. Just join here to learn forex. Already 3 month trade but still loosing. When I'm profit I'm very scared but when I'm loosing I'm still in the market and hit my stop lost hahahahaha... that why I came here if there is a solutions. Thanks.

Hi zai - best solution is to demo trade until you make consistent profits. Easy to say, hard to do!