All newbie questions will be placed on this thread

Yes forex trading has been gaining popularity among the ranks since the stock market stinks these days

Guys, what broker are you using? I have a demo account with GFT before but the 3 pip spread is not practical especially when you want to cut your loss. I'm now using forex.com platform. I'm still hesitant on opening a live account. Parang ang dame kasi nalulugi sa Forex eh.... Si Master Forex Trader Yeahbah lang ata kumikita.

panong kumikita ang -50%

wala yang 3pips kapatid kung i-consider mo ang risk-to-reward-ratio. Kung wala kang trading plan at kung 10-30pips lang gusto mong target eh baka nga matakot ka ng mag trade dahil sa spread unless nasa standard account ka na kung saan 1pip = $10.

So kung risk mo is 2% be sure lang you will profit at least 2% or more if less than that, why take the trade?

I'm using interbankfx, gbp/jpy spread = 9pips

oanda na yata best spreads.

mikey mukhang gusto mo maging scalper ah hehehe.... ala yang 3 pips pre....sa stock market din daw dami nalulugi eh

Oanda gamit ko precisely because of its spreads, bulok nga lang charting nya so gamit ko naman Metatrader for charting pero I execute my orders sa Oanda. Kapag short term trading lugi talaga ako sa FX di ko talaga kaya short term, pero kung long term trading kumikita naman ako sa FX. Maingay kasi short term sa FX, pero yung long term mas madali laruin kasi mas madali malaman ang long term direction kaysa short term direction... For example kung bearish ka sa USD for the past year laki na kinita mo