Registration just takes 2mins and is absolutely free so join our community today! Home Photos Member List Register. I think Forex is more like trading rather than investing. Stuff you need to learn 1 When to buy, sell and place your stop loss. With Forex, you can choose to sell a curreny pair and close the position when the price rises.
Have a trading plan. Keep a trading journal to record your profits and losses and any mistakes that you could have made or avoided. With Forex, you have to deal with leverage and margin. With leverage, you can use a small amount of money to control a bigger sum of money. There are also people who trade solely on chart analysis or news. During the release of certain economic data, the forex market may get huge movement.
Benefits of Trading Forex 1 You can make money in both directions. Buy when a currency pair rises and short when a currency pair drops. There are also other currency pairs. You can concentrate solely on 1 currency pair and study it to death. Each pair has different spread value and the value may increase during the release of economic data. You can trade from Mon - Sat 5 or 6 am I think.
So there's plenty of trading opportunities. But don't force a trade. Only trade when certain conditions are met and fulfil your trading conditions technical analysis. The demo account will let you get a feel of the realtime market and the brokerage's trading platform. You won't break a leg or lose a fortune when you blow your demo account. Although this magnify your profits, it also magnify your losses. You should be able to adjust your leverage setting so use it wisely. I am still in the learning phase.
Hope to make big bucks. I think she's able to provide all the things that we need to know about trading forex before we get ourselves burnt by all the false guaranteed out there. You have to be really committed to trading before you start spending money on the courses. You will not have regular sleeping timing. You have to do your own analysis and spend alot of time catching the important news.
Of cos you need to have enough money to lose first as its not as easy as said. Market is very unpredictable. You win in trading through probability and not certainty. So be good in it. Originally Posted by kchang. Originally Posted by lheckerz. Check this site http: Originally Posted by Hendry I hop around and saw this sg club on google, so came in and thought want to share with you guys about forex trading forums.
Singapore Forex Forum Forex. Last edited by Zohan; 20th June at BabyPips Forexfactory is very useful to check what type of economic data would be released, when and the impact it might have on specific currency.
But remember to set the website time to local time when checking. Last edited by Wize; 22nd June at Hi all, I'm here to share abit. I am inside this market for about 2yrs plus.
First I can say is forex is a very fast pace market and prices can move pretty much alot in short time I mean in minutes or even seconds! So I recommend just keep clear if you think you can't handle the rate. Second guide, forex trading is never a luck. Although you can make money on both sides of the market uptrend or downtrend but never use luck to trade, that can make you die terrible. Constant profits only works with the right strategy implemented not with luck.
Never ever trade with emotions, keep your mind clear. Alot of newbies trade with emotions and ended up with even more losing trades because they want to get back what they lose and so they trade more. As people thinkings are different, what works for other people might not work for you. If you find a working strategy, stick to it and you will be successful. Well this need a really details plan to make it work. Its not as simple as it mention.
Would love to learn from anyone that has successfully done it. Good luck bros n sis. Originally Posted by ahamed Couple abused intellectually disabled waitress to completely control her: Prosecutors Man who kicked year-old boy arrested after passer-by chased him down Commentary: The ban mian seller who turned her life Apple iPhone users hit by iOS bug that crashes phone repeatedly disney costumes for adult Find Deals on pirate costume www.
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The time now is Why aren't you a member of SGClub. Page 1 of 5. Forex Tweet hi has anyone tried forex before? Forex Tweet im also wondering about this. Forex Tweet i had seen a lot of pple here postin questions about investments instruments, from f. Forex Tweet anyone who want to share? See you on top! Forex Tweet I think Forex is more like trading rather than investing. Forex Tweet i have signed up for gracecheng's at forex power course at www. Forex Tweet Originally Posted by kchang hi has anyone tried forex before?
Managing risk is one of the main skills to pick up in forex. Always live to trade another day. Forex Tweet Originally Posted by lheckerz i have signed up for gracecheng's at forex power course at www. Grace Cheng's course is kinda expensive. Does her course include Video tutorials? Or just pdf and online reading materials? Forex Tweet Check this site http: Forex Tweet well i been trading wit oanda platform for abt 2yrs, doing both demo n live.
Forex Tweet don't know let me thinking it first. Further supporting this is all a scam, people. Newsletter are in most part hogwash. People call me all the time about these reccomendations, and the stocks they are being told to buy, all suck! Forex Tweet I hop around and saw this sg club on google, so came in and thought want to share with you guys about forex trading forums.
Forex Tweet Another great website: Forex Tweet Hi all, I'm here to share abit. Forex Tweet Well this need a really details plan to make it work. Forex Tweet Good luck bros n sis. Forex Tweet hmmm forex again Forex Tweet Originally Posted by ahamed87 hmmm forex again Switch to Hybrid Mode. Switch to Threaded Mode.More...