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Forex practice
If you like charts and news, and tired of market makers, shady companies, and limited market hours, then check this out: http://www.forex.com/
The demo account is free and doesn't require any personal info. You may need to download a java update, but easy. (For me it doesn't work with firefox, but works perfectly with IE). When the demo expires just google Forex and find another website with a free demo. You may want to reserve this for a day off at first cause you'll be hooked. ![]() |
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addictive!! and great for testing TA skills from greencat cd! here's where i hang right now (on www.fxcm.com ): load STRATAGEM charts here right-click on chart, choose CHART TYPE and set for candlestick right-click on chart, choose STUDIES to set macd, bollingers etc to open Practice Acct is loads of fun esp on 5-minute charts, 24 hrs, abt 5.5 days a week
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. Last edited by orange : 05-17-2006 at 07:59 PM. |
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panda you told stocker and me you can't make money at this!! so how come ur making money then???? hehehe (we told ya dude) ![]()
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. |
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fool me once shame on u. fool me twice shame on me. ![]() "what a tangled web we weave when first we practice to deceive." ![]() something i always say is "technology is what will lead us to our doom" Last edited by pandal3oy : 05-18-2006 at 04:20 AM. |
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true, panda--- but i think you would've made more like $70 than 70 cents. that's how mine usually work out anyway, when i take away the margin element. so tonight in abt 40 minutes i netted abt $842, on a $500 play with margin, and i think i would've made abt $84 in real life without the margin.
maybe you're calculating based on price differential? i calculate based on how much margin they gave me on the original open compared to my actual amt and then i use that fraction when i exit to calcualte what i would have made in real life. ![]()
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. Last edited by orange : 05-18-2006 at 04:43 AM. |
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okay, panda- we're both wrong LOL--- here's how it works at fxcm.com:
i just got off live chat with them and they explained it. the money we see ourselves making is real, in the full amounts. when you open an acct with them, their policy is to give you 200:1 "leverage". this is not the same as "margin", like we put up for stocks. we do not have to put this capital up ourselves- they do. heheh- of course, the downside is that it also works in reverse- that $700 you made and that $800 i made? if the play had gone equally south, that's also how much we'd have LOST. so is important to set stop loss imo. and to watch closely. glad you challenged me on it-- now we both learn something. ![]()
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. |
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__________________
fool me once shame on u. fool me twice shame on me. ![]() "what a tangled web we weave when first we practice to deceive." ![]() something i always say is "technology is what will lead us to our doom" |
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lol- made another $495.63 profit tonite in abt 45 minutes on $500 buy, with greencat's cd leading the charge LOL
i'm also working on some models for it
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. |
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Ok... Thanks to orange I think I got it after lossing 600 already.. so maybe today i can do better..Anyway thanks for the help orange..I have alot of work to do
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence................... Take a Profit it wont hurt you!!!!!!!!!!
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. |
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ok so did anyone open an account.. or still playing demo
__________________
Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence................... Take a Profit it wont hurt you!!!!!!!!!!
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country--
no... yes LOL
__________________
___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. |
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actually, you do get some rest, mkt closes for most of the weekend, tho i do get in there sunday evenings, not sure how early sunday you can get in tho.i just learned something else. tonight when applying for my "real" acct, i noticed that, technically speaking, "scalping" is not permitted. so i got on their chat and asked them to define "scalping". they define it as a roundtrip "within seconds". so i asked would 10 minutes be okay, and they said "fine". i tried to save the chat but system problems, so might wanna ask them yourself to be clear. anyway, i just made another $600 or so in my paper acct., mainly due to greencat cd. CORRECTION: in the last hour i made some more green, total for the 3-hour evening is now $2,677.22 . think i'll quit while i'm ahead lol now, if ur a serious scalper, ie, "within seconds", they do have a special platform for this at http://www.propfx.com/ . it's just the link the gave me in chat- so i dunno any more abt it.
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. Last edited by orange : 05-24-2006 at 05:12 AM. |