A few months back, i was introduced to the forex market. One of my friend asked me to join in as a customer for just IDR 50million or USD 5,000. I do not have that much money to invest. People say, if you want to invest in forex or equity market, you need to make sure that the fund invested is a free fund. There is a big risk in investing in forex or equity market. "High Risk - High Return"
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Planning to have a big breakthrough in my life, i start learning about it. In case someday I have money, I can invest. So, I tried to open an account for demo of the forex market and join Marketiva. In Marketiva, when first joining, you will get a Live Forex funds of USD 5 to trade with and Virtual Funds of USD 10,000 to start your learning (by doing - if you'd like to). Marketiva provide support for newbie in Bahasa or English and you have a group of people to discuss with.
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People says this trading is gambling, and that my thought as well at the beginning. The trading is like a gambling, when you did not know what to do. when you only guessing whats going on. when you are not sure when to enter or get out from the market. Thats gambling in forex trading. But not if you have the technical skilll and or understands how the market behave.
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So, i play the virtual funds and do like the gambling things above. I LOSS. the wrong way of trading. guessing, stupidly reading the trends. etc. So, I back to basic. learning whats going on in the market, observe and studying many literature available on the net.
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Anyway, so use the live funds given by Marketiva for USD 5! and now its USD 43.26 (in one week time) after i start the new trading way :
1. Learn the trends, when to have momentum to enter the market combined with the news about world economy.
2. Follow world economy news (http://dailyfx.com/) "real time news"
3. Watch out for World Economic Calendar (http://dailyfx.com/) "Economic Calendar"
4. Pay attention to the calendar and get the updated news for alert, to decide whether to enter the market or not.
.
Learning the trends
.
.
Planning to have a big breakthrough in my life, i start learning about it. In case someday I have money, I can invest. So, I tried to open an account for demo of the forex market and join Marketiva. In Marketiva, when first joining, you will get a Live Forex funds of USD 5 to trade with and Virtual Funds of USD 10,000 to start your learning (by doing - if you'd like to). Marketiva provide support for newbie in Bahasa or English and you have a group of people to discuss with.
.
People says this trading is gambling, and that my thought as well at the beginning. The trading is like a gambling, when you did not know what to do. when you only guessing whats going on. when you are not sure when to enter or get out from the market. Thats gambling in forex trading. But not if you have the technical skilll and or understands how the market behave.
.
So, i play the virtual funds and do like the gambling things above. I LOSS. the wrong way of trading. guessing, stupidly reading the trends. etc. So, I back to basic. learning whats going on in the market, observe and studying many literature available on the net.
.
Anyway, so use the live funds given by Marketiva for USD 5! and now its USD 43.26 (in one week time) after i start the new trading way :
1. Learn the trends, when to have momentum to enter the market combined with the news about world economy.
2. Follow world economy news (http://dailyfx.com/) "real time news"
3. Watch out for World Economic Calendar (http://dailyfx.com/) "Economic Calendar"
4. Pay attention to the calendar and get the updated news for alert, to decide whether to enter the market or not.
.
Learning the trends
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Usually in any demo account (you can download from any trading company), you will be provided by some indicator to read your trends.
Indicators I used:
1. Momentum
2. RSI
3. Stochastic
4. Moving Average
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These four indicators help you to see whether the trends is going up or going down. I combined these indicators with "candle stick" graph of the movement from M1 (minutes 1) to D1 (daily 1). Mostlikely, I used the H1 (trend for one hour time) and H4 (trend for 4 hours time).
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In Marketiva, you can start your trading experience with a small money so you do not need to worry loosing big money if you failed. Thats why this is a good place to learn with real money. If you would like to join, feel free and join in Marketiva, i will try to help as much as i can on my YM arkark74@yahoo.com
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I will guide you step by step how to understand and start trading in Marketiva.
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