Forex Forums

sean41 · 09-17-2009, 16:50

mike ,

I'm a noobie and still have a lot to learn as far as forex trading is concerned. Pls suggest some site for me to visit so i could enhance my knowledge further.Thanks and more power!
<-------------------------------------------------------------------->
I'm new at forex trading..can someone suggest a good software and EA so I can be on my way .THANKS.

lhar_ff · 09-17-2009, 17:29

Where does trader's money goes when they experience loss?

**leah0024** · 09-17-2009, 17:41

hey mike,

how come you're not posting replies on our concerns?

**Mike** · 09-20-2009, 16:28

Quote:

Originally Posted by leah0024

hey mike,

how come you're not posting replies on our concerns?

Sorry. Can't be everywhere at once

<-------------------------------------------------------------------->

Quote:

Originally Posted by lhar_ff

Where does trader's money goes when they experience loss?

It depends. I think in most cases it simply goes to someone else trading out there, not directly of course. But my understanding is, well, follow this example; you enter an office pool during NFL season, 100 people put money in, but only 5 people win... if you are one of the winners, its not like JACK JOHNSON has to come to you and pay directly, the money was already pooled into one place (the broker) and then given to you by whoever is in charge (the broker).
<-------------------------------------------------------------------->

Quote:

Originally Posted by sean41

mike ,

I'm a noobie and still have a lot to learn as far as forex trading is concerned. Pls suggest some site for me to visit so i could enhance my knowledge further.Thanks and more power!
<-------------------------------------------------------------------->
I'm new at forex trading..can someone suggest a good software and EA so I can be on my way .THANKS.

Sure. I believe I learned the most by using LeverageFX's mentor program on a daily basis. I searched high and low how to make money in the Forex Market, took classes, went to seminars, but it was the help of this daily mentoring program that actually made me want to forget all that noise I had taught myself and concentrate on what was important to the particular system I had learned to make many more pips and lose much less pips.

**leah0024** · 09-22-2009, 07:52

oh okay. i understand that. but please enlighten me with forex trading. by the way, is that really your picture? hmm..

sean41 · 09-23-2009, 02:00

I am a newbie as far as forex is concerned so I need materials , ebooks or training demos to expound my knowledge about forex.Please suggest some that you know that wouldn't cost me much.Thanks and MORE POWER !

lhar_ff · 09-23-2009, 05:41

Hey mike,

What does EA means, and what is mt4?

**leah0024** · 09-24-2009, 09:40

Quote:

Originally Posted by lhar_ff

Hey mike,

What does EA means, and what is mt4?

mt4 is an online trading platform designed for financial institutions dealing with Forex, CFD, and Futures markets. why don't yoy search on google or yahoo. there's a lot to learn there.

lhar_ff · 09-25-2009, 05:57

Thanks leah, what about EA? I google it and what i found was the meaning. its environmental earth. would you mind to tell me the exact meaning of it, and what is it for? thanks

**leah0024** · 09-28-2009, 08:53

[QUOTE=lhar_ff;16032]Thanks leah, what about EA? I google it and what i found was the meaning. its environmental earth. would you mind to tell me the exact meaning of it, and what is it for? thanks

EA can be abbreviation for a lot of things but when you’re talking forex and automated trading it’s more than likely referring to expert advisors An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. An Expert Advisor can just advise traders which trades to make or can be programmed to automatically execute the trades on a live account.

lhar_ff · 09-29-2009, 04:52

So its the same with the mentor then?

**leah0024** · 09-29-2009, 09:51

[QUOTE=lhar_ff;16092]So its the same with the mentor then?[/QUOT

in some ways, yes.

sean41 · 09-30-2009, 05:28

Quote:

Originally Posted by DavidMcdonald

Hi I am a newbie to Forex. I want to learn a lot about forex trade, i took help of video tutorials and journals. I also studied books, i just want to are there any other easy available resources to learn about forex?

Hi there DavidMcdonald,

If oyu are new at forex just click the link below. Start with the basics.Click the link below and I'm sure you will learn a lot from it. Good luck !

http://www.forex.com/forex_glossary.html
<-------------------------------------------------------------------->
[QUOTE=leah0024;16078]

Quote:

Originally Posted by lhar_ff

Thanks leah, what about EA? I google it and what i found was the meaning. its environmental earth. would you mind to tell me the exact meaning of it, and what is it for? thanks

EA can be abbreviation for a lot of things but when you’re talking forex and automated trading it’s more than likely referring to expert advisors An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. An Expert Advisor can just advise traders which trades to make or can be programmed to automatically execute the trades on a live account.

In toher words EA's / mentors / robots are all the same.Good luck on your trading !

lhar_ff · 09-30-2009, 05:37

Hey thanks Sean, so EA's/mentors and robots have a main purpose.and that is to help the trader in trading.

sean41 · 10-01-2009, 01:34

Quote:

Originally Posted by lhar_ff

Hey thanks Sean, so EA's/mentors and robots have a main purpose.and that is to help the trader in trading.

Hello Lhar_ff !

EA's and robots are totally useless beside the fact they are most of the time expensive! I'm not sure who posted this but I read it somewhere where in a trader said that robots makes the company who made them rich and not the trader who uses them.

lhar_ff · 10-01-2009, 04:40

Hmmm, you mean, robots and EA's existed for that reason... Hmm, I'll try to research on that. But, anyway, thanks for that info Sean.

**leah0024** · 10-01-2009, 09:45

Quote:

Originally Posted by sean41

Hello Lhar_ff !

EA's and robots are totally useless beside the fact they are most of the time expensive! I'm not sure who posted this but I read it somewhere where in a trader said that robots makes the company who made them rich and not the trader who uses them.

yes, there's an article saying that same statement about robots. to think, humans made robots. it's as if their saying that robots are way smarter than humans.
<-------------------------------------------------------------------->
although robots does really help traders a lot in many ways. but think of it, you cannot just depend on robots for that you'll never learn. it's not good to always base your success because of what robots had done for you. hey, they're robots made by humans. c'mon!

sean41 · 10-02-2009, 04:45

They are not dependable most especially if there is a new trend in the market that is not programmed for them to tackle or is not in their system to deal with. I've heard a lot of other traders complain much fromt he use of robots. They say it's a waste of money for them.

**leah0024** · 10-02-2009, 07:35

Quote:

Originally Posted by sean41

They are not dependable most especially if there is a new trend in the market that is not programmed for them to tackle or is not in their system to deal with. I've heard a lot of other traders complain much fromt he use of robots. They say it's a waste of money for them.

it really is a waste of money. you see, the amount of your investment will be the same amount you'll be losing if ever this automated thing won't work. they were designed to help you make money but doesn't have any guarantee that it will. very risky...

lhar_ff · 10-05-2009, 06:30

So, using a robots is not a guarantee to gain profits from trading.

**leah0024** · 10-05-2009, 13:03

Quote:

Originally Posted by lhar_ff

So, using a robots is not a guarantee to gain profits from trading.

it is an automated thing to help you gain profit but has no guarantee that it will.

trader545 · 10-05-2009, 14:16

Some tips

What is your first step in Forex Trading. Here is some tips that can guides you if you're really serious in this field:

Tip 1-The value of basic Forex education
Tip 2-Attend trading courses
Tip 3-Create your own profitable Forex Trading system
Tip 4-Apply Forex Trading strategies
Tip 5-Trade Forex in its best hours
Tip 6-Use Forex Trading Software A Must
Tip 7-Stay safe - use common sense!

It's really good to try different brokers with different platforms, because experience is the most important. But after trying, I think, it's better to find THE ONE, that suits you best - who has a reputation in the financial market, where the customer care support is very good and of course, it must be safe and reliable!

**leah0024** · 10-06-2009, 08:29

Quote:

Originally Posted by trader545

Some tips

What is your first step in Forex Trading. Here is some tips that can guides you if you're really serious in this field:

Tip 1-The value of basic Forex education
Tip 2-Attend trading courses
Tip 3-Create your own profitable Forex Trading system
Tip 4-Apply Forex Trading strategies
Tip 5-Trade Forex in its best hours
Tip 6-Use Forex Trading Software A Must
Tip 7-Stay safe - use common sense!

It's really good to try different brokers with different platforms, because experience is the most important. But after trying, I think, it's better to find THE ONE, that suits you best - who has a reputation in the financial market, where the customer care support is very good and of course, it must be safe and reliable!

yes that is so true and i have read same thing in one of the articles.

trader545 · 10-09-2009, 10:45

Yep!

And here are some simple tips that will help you increase your profit potential prevent you losing money.

1. Select your first broker
2. Get simple method you understand
3. Trade the big trends not trade frequently
4. Work smart not hard
5. The formula to success:

Using Simple Method + With Discipline + Control Risks = Forex Trading Success

Keep these simple tips in your mind you could make some big profits on forex trading.

))

Some brokers also offer different seminars for beginners. Some of them are free.

Regards!

**leah0024** · 10-14-2009, 09:33

it's just a matter of having a business like manner. if you have that, then you know on how to attain success on your own big ways.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Forex Forums

Please Login

Forex Tools

Forex Forums

More Forex Sites

Hot Forex Discussions

Latest Forex Posts

Register Now for FREE!
Our records show you have not yet registered to our forums. Your free registration unlocks every area of the forum including our Forex Signals area. To sign up for your FREE account INSTANTLY fill out the form below! Username: Password: Confirm Password: E-Mail: Confirm E-Mail: Agree to forum rules

09-17-2009, 16:50	#26 (permalink)
sean41 Forex Warrior Add To Friends Join Date: Sep 2009 Last Online: 10-07-2009 Posts (Threads): 48 (0) Credits: 1,461 View Profile	mike , I'm a noobie and still have a lot to learn as far as forex trading is concerned. Pls suggest some site for me to visit so i could enhance my knowledge further.Thanks and more power! <--------------------------------------------------------------------> I'm new at forex trading..can someone suggest a good software and EA so I can be on my way .THANKS.
		0

09-17-2009, 17:29	#27 (permalink)
lhar_ff Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 05-19-2010 Location: Philippines Age: 22 Posts (Threads): 172 (6) Credits: 4,072 View Profile	Where does trader's money goes when they experience loss?
		0

09-17-2009, 17:41	#28 (permalink)
leah0024 Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 02-23-2010 Posts (Threads): 128 (0) Credits: 2,479 View Profile	hey mike, how come you're not posting replies on our concerns?
		0

09-22-2009, 07:52	#30 (permalink)
leah0024 Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 02-23-2010 Posts (Threads): 128 (0) Credits: 2,479 View Profile	oh okay. i understand that. but please enlighten me with forex trading. by the way, is that really your picture? hmm..
		0

09-23-2009, 02:00	#31 (permalink)
sean41 Forex Warrior Add To Friends Join Date: Sep 2009 Last Online: 10-07-2009 Posts (Threads): 48 (0) Credits: 1,461 View Profile	I am a newbie as far as forex is concerned so I need materials , ebooks or training demos to expound my knowledge about forex.Please suggest some that you know that wouldn't cost me much.Thanks and MORE POWER !
		0

09-23-2009, 05:41	#32 (permalink)
lhar_ff Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 05-19-2010 Location: Philippines Age: 22 Posts (Threads): 172 (6) Credits: 4,072 View Profile	Hey mike, What does EA means, and what is mt4?
		0

09-25-2009, 05:57	#34 (permalink)
lhar_ff Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 05-19-2010 Location: Philippines Age: 22 Posts (Threads): 172 (6) Credits: 4,072 View Profile	Thanks leah, what about EA? I google it and what i found was the meaning. its environmental earth. would you mind to tell me the exact meaning of it, and what is it for? thanks
		0

09-28-2009, 08:53	#35 (permalink)
leah0024 Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 02-23-2010 Posts (Threads): 128 (0) Credits: 2,479 View Profile	[QUOTE=lhar_ff;16032]Thanks leah, what about EA? I google it and what i found was the meaning. its environmental earth. would you mind to tell me the exact meaning of it, and what is it for? thanks EA can be abbreviation for a lot of things but when you’re talking forex and automated trading it’s more than likely referring to expert advisors An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. An Expert Advisor can just advise traders which trades to make or can be programmed to automatically execute the trades on a live account.
		0

09-29-2009, 04:52	#36 (permalink)
lhar_ff Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 05-19-2010 Location: Philippines Age: 22 Posts (Threads): 172 (6) Credits: 4,072 View Profile	So its the same with the mentor then?
		0

User Name
Password
Remember Me?

User Name
Password
Remember Me?

Remove Sponsored links
Forex Forums Advertisement

09-29-2009, 09:51	#37 (permalink)
leah0024 Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 02-23-2010 Posts (Threads): 128 (0) Credits: 2,479 View Profile	[QUOTE=lhar_ff;16092]So its the same with the mentor then?[/QUOT in some ways, yes.
		0

09-30-2009, 05:37	#39 (permalink)
lhar_ff Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 05-19-2010 Location: Philippines Age: 22 Posts (Threads): 172 (6) Credits: 4,072 View Profile	Hey thanks Sean, so EA's/mentors and robots have a main purpose.and that is to help the trader in trading.
		0

10-01-2009, 04:40	#41 (permalink)
lhar_ff Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 05-19-2010 Location: Philippines Age: 22 Posts (Threads): 172 (6) Credits: 4,072 View Profile	Hmmm, you mean, robots and EA's existed for that reason... Hmm, I'll try to research on that. But, anyway, thanks for that info Sean.
		0

10-02-2009, 04:45	#43 (permalink)
sean41 Forex Warrior Add To Friends Join Date: Sep 2009 Last Online: 10-07-2009 Posts (Threads): 48 (0) Credits: 1,461 View Profile	They are not dependable most especially if there is a new trend in the market that is not programmed for them to tackle or is not in their system to deal with. I've heard a lot of other traders complain much fromt he use of robots. They say it's a waste of money for them.
		0

10-05-2009, 06:30	#45 (permalink)
lhar_ff Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 05-19-2010 Location: Philippines Age: 22 Posts (Threads): 172 (6) Credits: 4,072 View Profile	So, using a robots is not a guarantee to gain profits from trading.
		0

10-05-2009, 14:16	#47 (permalink)
trader545 Forex Warrior Add To Friends Join Date: Sep 2009 Last Online: 11-25-2009 Posts (Threads): 13 (0) Credits: 1,573 View Profile	Some tips What is your first step in Forex Trading. Here is some tips that can guides you if you're really serious in this field: Tip 1-The value of basic Forex education Tip 2-Attend trading courses Tip 3-Create your own profitable Forex Trading system Tip 4-Apply Forex Trading strategies Tip 5-Trade Forex in its best hours Tip 6-Use Forex Trading Software A Must Tip 7-Stay safe - use common sense! It's really good to try different brokers with different platforms, because experience is the most important. But after trying, I think, it's better to find THE ONE, that suits you best - who has a reputation in the financial market, where the customer care support is very good and of course, it must be safe and reliable!
		0

10-09-2009, 10:45	#49 (permalink)
trader545 Forex Warrior Add To Friends Join Date: Sep 2009 Last Online: 11-25-2009 Posts (Threads): 13 (0) Credits: 1,573 View Profile	Yep! And here are some simple tips that will help you increase your profit potential prevent you losing money. 1. Select your first broker 2. Get simple method you understand 3. Trade the big trends not trade frequently 4. Work smart not hard 5. The formula to success: Using Simple Method + With Discipline + Control Risks = Forex Trading Success Keep these simple tips in your mind you could make some big profits on forex trading. )) Some brokers also offer different seminars for beginners. Some of them are free. Regards!
		0

10-14-2009, 09:33	#50 (permalink)
leah0024 Pips Is My Game Add To Friends Join Date: Sep 2009 Last Online: 02-23-2010 Posts (Threads): 128 (0) Credits: 2,479 View Profile	it's just a matter of having a business like manner. if you have that, then you know on how to attain success on your own big ways.
		0