Recent content by Reyjay

Thanks John. Fair enough. But ignoring my new trader status just for the moment, is the premise of what I'm saying correct? I understand assessing the market correctly for such a turn around is beyond me at this stage. I'm just interested in knowing if the logic holds up. So, should the $US...

I have a question about selecting the currency for my trading account. I'm based in Australia and have deposited my funds into Oanda as Australian dollars. This seem to makes sense at the moment as the AU is very strong, but what happens when the AU tanks? The $ per pip value goes down as well...

Just checking that you meant 25 x 2.4 pips equates to 6000 yen, not 600. 600 yen is only 10 times as much, not the 100, and equates to about $7.2 AUD, while 6000 = $72. Yes?

Ok, I understand what you mean re profit. Agreed about the AUD/JPY. It was the first pair I traded before I understood the attraction of a low spread. I now prefer USD/JPY or EUR/USD but still keep going back to my first pair from time to time. Point well made though. I know I'm trading in a...

Thanks Barramundi. Your 2 bobs worth are welcomed and appreciated - thanks The cals for the Yen conversion make sense. I have a few newbie follow up questions about your comments: 1. You say that by taking a profit of 2.4 pips the spread will eat away half my profits. How so? How does the...

Hi, I'm not sure if this is the best place to post this but I'm not able to create a new post for some reason. Apologies if I'm in the wrong place. Ok. This might be a stupid question but I'm a little confused on how the earning per pip are calulated. I know, sounds straight forward, right...