Recent content by Mr Newbie

Hi does anyone know where I can get free forex charts that show resistance and support? Many thanks for any help on this G

Thanks very much, I obviously have to research EMA. Comments regarding money management appreciated too - I'm a bit mean with money - lol, and anyway, I only open a trade (demo), if I'm pretty sure of it - I never ponder which way it'll go, if I don't immediately think I know where its heading...

Thanks John, what you've said confirms my golden rule - If in doubt leave it out, cheers

Thanks for that, good advice, I can then develop a strategy that will keep me in the game for a while (I'm very conservative anyway - at this stage I just want to 'stay alive' and learn - not actually silly enough to think I can make big bucks as a learner)

Hi I've been demo trading and have done well and am cautiously considering the move to a small live account (although I'm aware of the psychological differences). I'd like to open a £200 5,000 lot size account. I'm aware that even if I use leverage of 50:1 it is still going to be a few strikes...

Hi, I'm looking for a free charting resource that would compare performance of e.g. yen and all majors over say three months (i.e. one page six charts). Does anyone know of such a site/software? Thanks

Can anyone recommend a website that explains trading terms? - or is that what we're doing here in a way? :D

Hi again apmf, how do I get to 'this thread'? - can't find post numbers (19)

Thanks very much apmf, will do just that

Hi again John, I'm so glad there's guys out there like you who can answer this stuff, as although I'm a newbie there's no way I'd put any real money down thinking I had even half an understanding of things based on the miniscule info provided from broker site tutorials who then try to sign...

Ok Mr Elefteros, I think I've got you now, it's not the size of the stake that matters, but the stop loss you put on it? (what you refer to as risk). Thanks things are becoming a lot clearer now. I think the issue for a newbie is that its difficult to grasp the fact that its safer to put $100...

Hi again John, I get what you are saying about the size of the trade total 40k vs 10k, but with stop loss automatically set at 100% of trade, I wouldn't actually lose anymore than the original $100 in the case of either trade would I? By the way I don't intend to do the above, I'm just trying...

Thanks again John, Of course you are right about starting with the cash you've got and working from there, forgive me if I gave the wrong impression. If you read my above post to Mr Elefteros I don't want to get burned but am actually trying to figure out how to start with with a small deposit...

Cheers Mr Elefteros, I like the cut of your jib, and thank you, I agree with you on point 1 - account size should be limited to money that I can afford to lose - I'm not that much of a crazy fool. If I go with your second point, I'd have to start trading with a considerably larger deposit...

Hi John, cheers for that, I get what you're saying about the pip value, but does that mean that the rest of what I said is pretty much correct? And would you say that for a newbie with e.g. a $100 account, opening one trade of $100 at 1:100 is at the beginning a far safer strategy than opening...