Its just a demo account btw. I go with the trend, and the trend is still on but I see my losses go from 20 to 30 to 100 in just a few minutes. Then at times I purposely do the opposite of what I think I should do, but I still lose right off the bat. I dont know what the deal is and I was wondering if someone could throw some light. Is it the spreads that cause me to lose right away?
To give you an example, I just made a trade and it got executed about 20 pips against me. Now theres no way the spread is so high right? So is just that the demo Im using is crappy? Im using OANDA fx game.
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September 3rd, 2008 at 7:48 am
You should ONLY trade using ‘limits’ .. if you trade ‘at best’ some-one will be happy to take the shirt off you back ..
September 3rd, 2008 at 7:48 am
You were probably trading over the weekend. It could also be the currency pair that you are trading. Some pairs, like XAG/USD, the spread can go as high as 3500 pips over the weekend.
Wait until at least the Tokyo market is open starting monday. The spreads are going to be lower then.
Cheers!
http://jsforex.blogspot.com
September 3rd, 2008 at 7:48 am
You could try using some of the strategies that the “professionals” use.
There’s some good ones that come with the software “Forex Autopilot”. There’s a review here:: http://www.fxsystemscompared.com/rev_forex_autopilot.html
September 3rd, 2008 at 7:48 am
maybe you should invest in proper training first like this on here at
http://www.Nitrading.info - it will make you thousand times what it cost by both not losing later but also being able to do profitable trades most of the time