Marketmillionaires.com  
Stock Symbol: (GOOG, ^DJI)   

Go Back   Marketmillionaires.com > Random Galavanting & Discussion > THE FOREX
User Name
Password
Register FAQ Members List Calendar Chat vBookie Store Search Today's Posts Mark Forums Read


There are 0 users currently in chat. Click here to join them!
Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1 (permalink)   Spam Kill
Old 05-16-2006, 07:04 AM
let_it_ride's Avatar
let_it_ride let_it_ride is offline
Super Moderator
 
Join Date: Feb 2005
Posts: 369 | Points: (Donate) let_it_ride is on a distinguished road
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.
Reply With Quote
  #2 (permalink)   Spam Kill
Old 05-17-2006, 07:54 PM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
Quote:
Originally Posted by let_it_ride
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.
let_it_ride--- hooked is right lol!!
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
__________________
___________________________________________
[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.
Reply With Quote
  #3 (permalink)   Spam Kill
Old 05-18-2006, 01:27 AM
pandal3oy's Avatar
pandal3oy pandal3oy is offline
Super Member
 
Join Date: Jan 2006
Posts: 110 | Points: (Donate) pandal3oy is on a distinguished road
hey orange! i was bored and played it by myself today. i made $723.33 in 15 minutes lol. if i waited 30 more minutes i couldve doubled that but i dont care i made money!!
__________________
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"
Reply With Quote
  #4 (permalink)   Spam Kill
Old 05-18-2006, 01:40 AM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
Quote:
Originally Posted by pandal3oy
hey orange! i was bored and played it by myself today. i made $723.33 in 15 minutes lol. if i waited 30 more minutes i couldve doubled that but i dont care i made money!!
what!!??? LOL-
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)
__________________
___________________________________________
[SIZE=2"No more riddles."[/size]
___________________________________________
get the cd. it's how money gets made.
Reply With Quote
  #5 (permalink)   Spam Kill
Old 05-18-2006, 02:49 AM
pandal3oy's Avatar
pandal3oy pandal3oy is offline
Super Member
 
Join Date: Jan 2006
Posts: 110 | Points: (Donate) pandal3oy is on a distinguished road
Quote:
Originally Posted by orange
what!!??? LOL-
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)
i was talking about when u play for real cuz u said theres no margin in the real one that time. well the way the demo works is just confusing lol. it increases my money so many folds. i was saying if it really was my own $300 and no margin or whatever its doing ide be making 70 cents or something hahaha. so i guess 70 cents is what ill be getting. like i said last time if i had $10K+ of my own money to play with and margin doesnt exist then i would definitely make money. i guess i should still try to figure out whats going on though before i play for real haha
__________________
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.
Reply With Quote
  #6 (permalink)   Spam Kill
Old 05-18-2006, 04:39 AM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
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.
__________________
___________________________________________
[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.
Reply With Quote
  #7 (permalink)   Spam Kill
Old 05-18-2006, 06:25 AM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
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.
__________________
___________________________________________
[SIZE=2"No more riddles."[/size]
___________________________________________
get the cd. it's how money gets made.
Reply With Quote
  #8 (permalink)   Spam Kill
Old 05-19-2006, 12:18 AM
pandal3oy's Avatar
pandal3oy pandal3oy is offline
Super Member
 
Join Date: Jan 2006
Posts: 110 | Points: (Donate) pandal3oy is on a distinguished road
Quote:
Originally Posted by orange
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.
yea i remember reading about that 200:1 or i think called it 0.05% margin also but that makes sense. the other day in our chat i was saying that my $300 would be equivalent to $60K in some way but i dont know if either of u read it lol and i guess it is true now since u just posted it hahaha. i was thinking about that yesterday how it would be much easier if it was just like that but i didnt read all of it cuz im lazy but now u cleared it up. whoo hoo!
__________________
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"
Reply With Quote
  #9 (permalink)   Spam Kill
Old 05-19-2006, 03:33 AM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
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
__________________
___________________________________________
[SIZE=2"No more riddles."[/size]
___________________________________________
get the cd. it's how money gets made.
Reply With Quote
  #10 (permalink)   Spam Kill
Old 05-19-2006, 09:59 AM
countrybeauty28 countrybeauty28 is offline
Super Member
 
Join Date: Mar 2006
Location: Maryland
Posts: 83 | Points: (Donate) countrybeauty28 is on a distinguished road
Send a message via MSN to countrybeauty28 Send a message via Yahoo to countrybeauty28
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
__________________
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!!!!!!!!!!
Reply With Quote
  #11 (permalink)   Spam Kill
Old 05-19-2006, 05:58 PM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
Quote:
Originally Posted by countrybeauty28
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
ur welcome, country. takes practice- i lost $20k the other day cause i didn't understand margin calls EOD. lol- but just on paper
__________________
___________________________________________
[SIZE=2"No more riddles."[/size]
___________________________________________
get the cd. it's how money gets made.
Reply With Quote
  #12 (permalink)   Spam Kill
Old 05-23-2006, 03:27 PM
countrybeauty28 countrybeauty28 is offline
Super Member
 
Join Date: Mar 2006
Location: Maryland
Posts: 83 | Points: (Donate) countrybeauty28 is on a distinguished road
Send a message via MSN to countrybeauty28 Send a message via Yahoo to countrybeauty28
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!!!!!!!!!!
Reply With Quote
  #13 (permalink)   Spam Kill
Old 05-24-2006, 12:15 AM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
country--
no... yes LOL
__________________
___________________________________________
[SIZE=2"No more riddles."[/size]
___________________________________________
get the cd. it's how money gets made.
Reply With Quote
  #14 (permalink)   Spam Kill
Old 05-24-2006, 03:08 AM
chinegunwill chinegunwill is offline
Registered User
 
Join Date: Apr 2006
Posts: 26 | Points: (Donate) chinegunwill is on a distinguished road
I tried and Im hooked. I always thought 24/7 would be a good thing, but now Im not so sure.
Reply With Quote
  #15 (permalink)   Spam Kill
Old 05-24-2006, 04:06 AM
orange's Avatar
orange orange is offline
Super Moderator
 
Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: (Donate) orange is on a distinguished road
Quote:
Originally Posted by chinegunwill
I tried and Im hooked. I always thought 24/7 would be a good thing, but now Im not so sure.
LOL chinegunwill-- 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.
__________________
___________________________________________
[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.
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 04:39 AM.


Powered by: vBulletin Version 3.6.5
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.0.0