Newbie Forex Help

Discussion in 'Forex' started by Kastro_316, Apr 13, 2004.

  1. Hey everyone

    I just started getting into Forex, and gave stocks a little break lol. Im on the Oanda Demo all day, and have read countless Forex learning sites lol, but there are still a few things i need some help with. Sorry if my Questions seen stupid, or not make any sence :)

    Ok...Im still confused on how i see an entry point? For example, on stocks, i see a stock like BRCM go down, and i know its going up, so i buy...It gets where i want it and i sell...With forex, how is this done?

    And when i pick a pair and want to trade it, the box says "buy or sell"? What currency am i buying? And, lets say i buy EUR/USD, do i just wait for it to go up, then close the trade?

    Sorry if these q's sound lame lol Any help would be great guys....
    Thank you