eToro – Forex Trading Forum

[Nick]

Hello,

My name is Nick and I am new to this forex thing, somehow I've lost more than 1/2 of my credits, can anyone please give me any tips on how to trade?

[Charlotte]

that's the most useful tip for forex trading, it's important not to panic or act according to instinct.

good luck!

Charlotte

[professor]

My tip- allways look at the graphs they have in the lobby before you place a trade. look at the 1 hour and 24 hours. see if you get any hunch from the trends.
Practice in fun mode first and then switch to real money when you feel you have it

good luck
:lol:

[DoctorSpread]

My tip for all traders is to define specific stop loss and take profit rates before opening the trade and to stick with them,
this way no matter if the market is going your way or not you know exactly how much profit you are going to take or how much losses you are going to suffer.
When you enter a trade with exact exit pointes your emotions doesn’t affect your trading which leads to better results. :shock:

[James]

\"The trend is your friend...\"

8)

[dragomirlux]

I think just using etoro and his graphs won't get u a good result. Check Financial Calenders for Events like the 0.5 rate decrease in the US. It will sure get u a direction and some extra pips :)

Use google, he's your friend, you'll find a lot about forex Trading: Tutorials, Tipps...



History repeats itself

[Nick]

You're right, I recommend people search NFP - it has the most powerful effect on USD rates.
I don't so much about the interest, especially since last week the european bank decided to leave it at 4%

[GoldenTip]

Thanks for the above,

I noticed when reading financial calenders (and there are many out there) that there are a lot of various financial news that impact the market.
Can someone here be so kind as to list the top five?

There are like hundreds of them and I am left clueless and miss out on all the great action... How am I suppose to know if job rates in Germany will effect the Euro/Yen deficit?

Action people that's what I need...

[Admin-Support]

Here is a short list of the top announcements that have the most impact on the market
http://etoro.com/cgi-bin/phpbb/viewtopic.php?t=21

I hope it will help you understand the market better.

good luck with your trades

[gforex]

Don't ever, ever panic.. getting a negative profit doesnt mean you will lose.. Try to be patient when you know your flowing with the trend then... be with it. :)

[BFaisal]

I am also new to this , i know nothing about trading but i would like to get into it . However numerous time when i make a profit on the fun account it does not reflect in my account balance as the numbers continue to decrease.

[buzzastral]

I am also new to this , i know nothing about trading but i would like to get into it . However numerous time when i make a profit on the fun account it does not reflect in my account balance as the numbers continue to decrease.

yes,i have the same can anyone explain that ?

[taurus5a]

I'm new here as well but I guess that's because of spread.The profit isn't actual profit if it's less than spread.To be honest I don't understand why they show this way, would be better if you could see the actual profit considering spread.

[FXmaniac]

Yeah, just make sure that you only open positions when you see a strong trend, otherwise, you'll never make it past the spread, and that's not really profit. My advice, is if it's a slow day, or if the currencies are ranging (there's no confident trends in either direction), just don't trade. even if it's in demo mode, coz that way you'll train yourself to be disciplined when it come to the real deal. And look out for the news in the scroll bar, there's some good tips there occasionally. Check them against the graphs first of course, don't want to get caught in a reversal.

peace y'all!

[adda4u]

The most important tip according to me is

1. Time - Most important even if u are delay in seconds u may lost few bucks
2. knowledge- Without that dont invest


Regards
sri