To the Newbie
I'm only using the
demo account too...but I'm at the point that I've decided that soon, I will open up a real trading account through OANDA. Btw, anybody have any experience with OANDA? Are they a good broker? everthing is computerized and automated and that is why they can charge 2-3 pips commmission and no minimum trade!
Anyway, the main thing that was losing me money on Japeneese yen, (and maybe I should just stay away from Yen), is that because it was so volitile, it was hitting my stop losses and then bouncing back. So, I took out all of my stops and now only take profits get hit and if the market goes the other way, i just hold position until it is close to where my market order was.
However the trouble with this is that half the time I win and half the time, I end up holding position which ties up capital and then after a couple weeks, I have to close out losing positions to free up more margin......so I'm going to have to get a lot more knowledge on TA before I bet the house.
OI