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Questions from the two intro Webinars (101 and Forex)
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Topic: Questions from the two intro Webinars (101 and Forex) (Read 373 times)
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subrostud
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Questions from the two intro Webinars (101 and Forex)
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on:
August 12, 2010, 06:50:37 AM »
1. in your 4 requisites for a long trade, will the chikou always be above the kumo?
2. have you written a scan for a radar screen to locate currencies/equities that meet your criteria?
3. I notice in your forex webinar, you use dealbook 360 for illustration purposes. Have you determined which trading platform has the best spreads on currency trades? I notice that Saxobank gives info on spreads, but dealbook does not.
4. in trading forex, if you trade, for example, EURUSD, is that price on the NY session? Where is that trade executed?
5. Are there different prices on each of the 4 forex sessions?
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Gorron
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Re: Questions from the two intro Webinars (101 and Forex)
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Reply #1 on:
August 14, 2010, 04:30:46 PM »
?4. in trading forex, if you trade, for example, EURUSD, is that price on the NY session? Where is that trade executed??
The session Is more just the time of day that you are trading, in general certain pairs will move more during certain times of the day.
You can go to
www.babypips.com/school
and they cover a lot of stuff there with little tests at the end of each page.
?3. I notice in your forex webinar, you use dealbook 360 for illustration purposes. Have you determined which trading platform has the best spreads on currency trades? I notice that Saxobank gives info on spreads, but dealbook does not.?
I think a lot of people figure out what software they want to trade and then find a broker from that, some people only want MT4 while others don?t care. Each broker has its own requirements for starting deposit, the amount of leverage they let you use, ect.. Some use fixed spreads others have variable spreads. Most also have fixed unit sizes that you need to buy Oanda lets you buy any size order.
You can demo at any place you think you might want to try, this will let you see the spreads when you demo and get to try the software they have.
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