I am a newbie and need some advice.

[TazExprez]

Thanks a lot guys. I will follow this advice. Hey, today has been a decent day. I actually made a profit this time. Up 27.6 pips so far.

[infodine]

Hi,

You should check this company out, they have a presentation on Wednesdays over the web. Fill out the form and you will get the complete details and you can then decide for yourself.

http://www.mtn-eblast.com/eblasts/offer/offer_fx.html

- Infodine

[TazExprez]

Thanks a lot. I will check that site out. Today I have made 20 pips so far. I have almost made all my losses back. In the beginning I lost too much because I basically bet the farm and the margin went negative. I notice I am doing pretty decent when I only put 50% of my margin at stake. That way I can endure a lot of pip changes without having my position liquidated. Thanks again for all the comments thus far.

[infodine]

Hi,

I don't know how large a demo account you are using but money management rule of thumbi is not to risk more than 5% of your capital at one time.

Presentation for this week is tomorrow evening. Check out the web site and leave your information and all the details will be sent to you. There are two ways to make money and after you view the presentation you will understand.

-Infodine

[TazExprez]

My demo account was for 2000.00USD. On the first day, last Friday, I lost about 1010.00USD because I didn't know how margins worked in Forex, and my account was liquidated. Yesterday I made about 400USD. Today I made about 200USD. I am currently on a short position that will probably bring in about 100-200USD more. I mainly only trade EUR/USD and GBP/USD, but I've also done AUD/USD and Swiss. Thanks again.

[PittsburghFX]

Having worked for FXCM and watched over 50,000 clients, I have seen the majority of people lose trying to chase the market. I am openly partial to FXCM and have heard all the dirt from clients and fellow co-workers about competition. GFT has slippage all over the place without guaranteed anything, and GAIN, which is Forex.com, doesn't even answer their phones during volatile markets.

I worked beside a few guys at FXCM. One had a Oanda and the other Forex.com. This guy was at home one day and the Gain platform wasn't working and the guy tried to call in. They picked up the phone, hung it up about 10 times. Then once he got through he said about platform wasn't working, and they hung up on him, Gain said that they are not responsible for anything and pulled the fine print on him.

Oanda has slippage, GFT slippage, CMS goes down constantly, but I do like their charts. I miss watching the Interbank platform. That was very cool.

[TazExprez]

Hey, thanks for the heads up. I will not get with forex.com when I open a real account. I actually had the platform fail a couple of times before, and I couldn't use it for many minutes. I tried the web support, but they didn't respond right away when this was occurring. I Have made 31 pips today, so I have finally made up my larger than 50% Friday losses. So far I've more than doubled the less than $1,000 left after the Friday disaster. I have gained a few lessons from these past few days thanks to you guys and also thanks to the trades I've done.

[PittsburghFX]

No problem. Working for FXCM we always need to make sure we were a step ahead of the competition. Many of us took $300 and opened up at competitors. At FXCM we spoiled clients man. Everyother broker was rude and just wanted to get me off the phone all the time. Never had a comfortable conversation with competition, so it proves to myself.

Kindest Regards,

Brian Summy
PittsburghFX