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Currency Trading Made Easy – Basic Currency Trade (Margin FX

by admin on 31. Jul, 2010 in Forex Videos

www.smctrader.com – Get you 0000 Virtual account. This is how to place a basic Margin FX on the SMC Trader.

clk.atdmt.com A lesson on the two way quote in forex trading referred to as the bid ask spread and what this means to us as traders of the forex market.

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26 Responses to “Currency Trading Made Easy – Basic Currency Trade (Margin FX”

  1. ForexStrategySecrets 31. Jul, 2010 at 7:18 am #

    One of the biggest trading tips I got was to keep a trade journal. It keeps you honest about what is going on and it helps you track what things are profitable and what things are hindering your trading.

  2. norlandflagetteebo1 31. Jul, 2010 at 7:27 am #

    Excellent

  3. x0xneema 31. Jul, 2010 at 8:02 am #

    first comment =P

  4. fgjtyee 31. Jul, 2010 at 8:30 am #

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  5. FreeFOREXautoROBOT 31. Jul, 2010 at 9:15 am #

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  6. liesashan 31. Jul, 2010 at 9:33 am #

    Amazing,From $3,000 to $170,000 in Shock…
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  7. TheDjbang 31. Jul, 2010 at 9:34 am #

    The difference between the bid and the ask is called the “Spread”. This is the amount that Metatrader charges you per trade. That is why bid and ask prices will never equal each other, it’s how they make money from you trading with them. If their “spread” varies during your trade it means that they’re fees are changing while you watch, very bad every time the spread increases. That’s one reason why David promotes FXCM trading platform, because their Spreads are more stable.

  8. ichersue 31. Jul, 2010 at 10:00 am #

    hence as david said in the video bid is sell price while ask is buy price. surely no one will be willing to sell at a price lower than or equal to the buying price, therefore bid = ask or ask > bid is indeed practically impossible

  9. ichersue 31. Jul, 2010 at 10:32 am #

    example of what?

  10. TheDjbang 31. Jul, 2010 at 10:48 am #

    Give an example in $ terms pls.

  11. ichersue 31. Jul, 2010 at 11:22 am #

    and by bid & ask prices converging i meant bid = ask or ask > bid, so after diverging as they come back closer together technically they’re converging. sorry about my logical error

  12. ichersue 31. Jul, 2010 at 11:23 am #

    thanks for the answer. for the book, i’ve finished it long before i actually got into trading, when i was still only considering it. as with every “for dummies” or “idiot’s guide” book honestly i find the injection of irrelevant humor distracting. i know they had good intentions when they decided to include jokes in their books, maybe for a better reading experience or memory retention, but personally it’s too much

  13. TheDjbang 31. Jul, 2010 at 11:23 am #

    Bid and Ask prices will never converge. Candlestick will go in one direction or the other. However, online platforms take a few seconds to show the true direction of the candle. Example:
    If it is trending upward and then downward it will first show as up. After a few seconds it will average out which direction had the strongest momentum then it will show the true direction. Read “Currency Trading For Dummies” by Mark Galant and Brian Dolan.
    Good Luck!

  14. ichersue 31. Jul, 2010 at 12:17 pm #

    i use metatrader 4 as my trading platform which enables to display bid and ask prices for one currency pair on one tick chart. most of the time the bid and ask prices move together but sometimes they diverge e.g. bid up, ask down (but so far i’ve never seen them converge, if they do converge). why does this happen and how would it affect the price chart?(ex. can a candlestick simultaneously increase and decrease? how do you determine the close/open prices?) many thanks to anyone who answers

  15. musicguy550 31. Jul, 2010 at 1:06 pm #

    Hi David:

    I’m just getting started with with forex trading. I am currently reading an introductory book on forex and they introduce another price term called “current price” in addition to the bid & ask prices, that the current price is the average ot the other two. I’m trying to figure out how “current price” then fits in with the overall forex trading scheme. Thanks.

  16. Guyxfert 31. Jul, 2010 at 1:44 pm #

    I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.

    There is software im using to send atleast 20,000 text message a day advertising my online business…it is amazing. I think they have a free demo to try as well autotextsender.(c0m) God Bless!

    I like what i watched.

  17. germanslobo 31. Jul, 2010 at 2:35 pm #

    Hello David;!! What time open de Market if I want to buy EUR/USD?. What time close?.

    The same question with USD/JPY.

    Thanks!!

  18. InformedTrades 31. Jul, 2010 at 3:10 pm #

    Hey Swingkid, Glad to hear from you and yes that is correct. Best Regards, Dave

  19. swingkid 31. Jul, 2010 at 3:32 pm #

    If the Euro strengthens with respect to the USD, then the pair would go up, so I think we would place an order to go long the pair.

  20. InformedTrades 31. Jul, 2010 at 4:07 pm #

    It is a fact that most traders lose money so I would agree that its easier to lose money fast trading than it is to make money fast. Best Regards, Dave

  21. smartforextrader 31. Jul, 2010 at 4:46 pm #

    Very nice video. Click on my account to see other free forex trading strategy course.

  22. idiot68 31. Jul, 2010 at 5:10 pm #

    i heard forex is a good way to make money fast(with the leverage and what not) but a greater way to lose money fast.lol. what say you?

  23. InformedTrades 31. Jul, 2010 at 5:32 pm #

    Hi mmikhaiel, Thanks for the comment. In short yes I do think there is some correlation between the US stock market the US Dollar and certain other currencies such as the Japanese Yen. For a more in depth explanation of why I have a bunch of free videos on what moves the forex market in my free forex trading course over at InformedTrades. Best Regards, Dave

  24. mmikhaiel 31. Jul, 2010 at 6:31 pm #

    Hi,
    Do you think there is a correlation between the US stock market trading and the Forex trading?

  25. InformedTrades 31. Jul, 2010 at 7:14 pm #

    Hi 330AKJLP,

    Thanks for the comment. Please feel free to post any questions or info that you would like to share over at the ask answer questions section of InformedTrades. Best Regards, Dave

  26. 330AKJLP 31. Jul, 2010 at 7:34 pm #

    You Are The Shit!!!!!!

    email me and we can share info

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