Need an Answer

Discussion in 'Professional Trading' started by LiL"C", May 5, 2004.


  1. That's 'by the way', by the way.

    'Buy the way' sounds like a good phrase for Billy Graham. (Just get a grown up to do an internet search for you)


    Try not hold your breath when you write.


    Believe it or not, this is good training for trading ( dealing with ones nemesis (again, see an adult)) - learning how to handle getting very very pissed off. We can work on that somemore if you like.

    You still have not told me what a 'JackAzz' is.

    Yours ever

    PP
     
    #61     May 6, 2004
  2. LiL"C"

    LiL"C"

    Yes lets work on that prince prick Lets see jackazz would be jackass in other words you.

    You get it now and I don't need anger management you just need a life and something to do with it maybe you should take my tub suggestion :cool:
     
    #62     May 6, 2004
  3. Ebo

    Ebo

    I see the children are in the sandbox!
    Do you jerkoffs have anything to add about the market?
    Wait, we are having a pissing contest about a $200 account!
     
    #63     May 6, 2004
  4. Actually Ebo my dear chap, this is not a pissing contest, and it most certainly is not over 200 dollars.

    This is VERY important stuff, surely you can see that!

    By the way, I love it in the sandbox, don't you?
     
    #64     May 6, 2004
  5. LiL"C"

    LiL"C"

    I was talking about the market that's why I started this tread but prince prick started to screw with me and now you see we have a disagreement I think he should drown in his tub and I guess he doesn't agree with me. The 200 account wasn't about the money I was just to get some advice on if its possible to make it with such a small bankroll that's all nothing else to it.
     
    #65     May 6, 2004
  6. LiL"C"

    LiL"C"

    I love the sandbox and building sand castles
     
    #66     May 6, 2004
  7. GGSAE

    GGSAE

    No. Keep reading until you have at least 1k.
     
    #67     May 6, 2004
  8. LiL"C"

    LiL"C"

    Ok I will thanks for the advice what do I do with the stocks I already own
     
    #68     May 6, 2004
  9. LiL “C”

    When you are trading forex (foreign exchange) spot you are trading the value of one currency against another. The spot market is the market for immediate delivery (it’s actually 2 days delivery for most currency pairs and one day for CAN/USD; but think of it as the market price). The first currency in the pair is the one you are buying or selling. For example, if you buy the Euro/US Dollar you are buying the Euro and selling the dollar. You would do this if you thought that the Euro would appreciate against the USD. If you thought that the Euro was going to depreciate against the dollar you would sell the EUR/USD and when you bought it at a lower price you would lock in your profit. The amount you pay to trade is the spread. If the spread is $1.2100/$1.2102 this means that you can sell it at 1.2100 and buy it at 1.2102. These 2 pips are what you pay per round turn. If you trade 1 to 1 leverage by trading a $200 lot with your $200 account (very conservative/perfect for a nubie), you will pay $.02 per pip or $.04 per round turn and you will make $.02 per pip it moves in you direction (after you cover the 2 pip spread). After you have proven to yourself that you can make money trading forex, then you probably want to increase your leverage to about 10 to 1. 50 to 1 is available in retail forex houses that are regulated in the US but this type of leverage should only be used by pros in very select situations; if this leverage is used regularly you will blow out your account quickly.

    You will need to study about forex before trading. Trade a demo account (this is free) before you risk real money. You can use technical and/or fundamental analysis. If you don’t know what this means, study more. Review past charts and study the price action.
     
    #69     May 6, 2004
  10. LiL"C"

    LiL"C"

    Ok Trader thanks for your help I'll set up a demo account and see what happens. Do you trade forex if so is there anything specific I should look for
     
    #70     May 6, 2004