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BEGINNER TRADING: Questions and Answers


What is Forex?
How to trade Forex?

What currency pair should I trade
What would you recommend for a beginner trader.
Is there any preferred pairs I should try first.

What time frame to trade in Forex What time frame should
I choose for my charts please and why.
What is the best time frame to trade in Forex.

Multiple time frame trading...
What is it all about?
What are the benefits of such trading.

If I earn 100$ in forex so there is some who had lost it
so I won, is that correct? 90% of traders lose their whole
money in Forex and only 10% get successful in this business.
Is this data is only for beginners or all experienced traders?

What is lot size and what's the risk?

What is a pip?
Please give me an example!

Buy at Ask Sell at Bid
What rates are used when you Buy and When you Sell?

What is a drawdown?

Does capital invested determine the profit
one make or depends on the no of lots executed.


How to buy/sell in Forex?
How to set stop loss and set take profit when buying selling in Forex?




Recommended books from Amazon:


A Beginner's Guide to Day Trading Online (2nd edition)

Japanese Candlestick Charting Techniques

Encyclopedia of Chart Patterns

High Probability trading
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Submitted by Beginner Trader on Sat, 11/07/2009 - 15:25.

how do i start demo trading?

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Submitted by Forex Tutor on Sat, 11/07/2009 - 15:28.

To start demo trading you need to open a free demo account with any Forex broker.

Type in Google search line "forex broker demo account" and you'll find some brokers.
Every Forex broker nowadays offers a free demo account.

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Submitted by Beginner Trader on Wed, 08/11/2010 - 00:10.

Dose the Demo account work as same as live account?

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Submitted by Beginner Trader on Thu, 12/02/2010 - 16:35.

yup

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Submitted by Beginner Trader on Sat, 03/12/2011 - 00:11.

Yes but depending on the broker there might be some differences...

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Submitted by Beginner Trader on Tue, 08/16/2011 - 14:15.

If the demo account work as the live account, how do i get my profits?

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Submitted by Beginner Trader on Tue, 01/03/2012 - 04:22.

how to imagine a traind up and down in forex.

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Submitted by Beginner Trader on Thu, 05/31/2012 - 18:24.

Hi, I has used demo account and if I do not want to continue, please advise how i should delete it

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