90. How to Place Your First Forex Trade

[standaway1]

Thanks for the videos, just out of curiosity, do you make a living from Forex?

Regards,



[samuel22219]

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[lanamal]

Can anyone explain to me what selling to enter position is. What exactly is it that you are selling I cant seem to understand.

[FreeFOREXautoROBOT]

Great results with Free Forex Robot!!!

[flagship21]

how does anyone make money on forex??? When you place a trade your already at a lose to the market maker. Also you could get wipe out in less then 20 min

[Barbatois]

think of it, not as starting negative, but, more like you are paying commission up front against your trade. On commodities, stock, etc... you are paying commissions, but on forex, you are not. You are paying spread.

[Rennfahrer555]

i bought 1.25405

and sold 1.2215

is that good?

[liesashan]

be wise not greedy with forex

learn more at  bit. ly/bestforex

[sysopkc]

Sort the Sterling against the Euro long

[raufjanaka]

Hello Dave! I have placed my first forex trade. after it appears Open and Close rates. What are they and what is the difference between them? Thanks!

[hack5678]

EUR/USD

bought to open: 1.25302

sold to close: 1.25543

^^

[mcfarlni]

Hi Dave, I've been watching your your trading videos for some time now and I thank you for taking the time to do this.

Q-when you say sell to enter a position due to the base strengthening, I'm so lost how can I sell something I have not bought?

[elwalvador]

I imagine that much like shorting a stock (selling a stock you have not bought), you would probably borrow Euros from your broker-dealer (FXCM) sell them while simultaniously buying the dollar.

I any case, its really not that important, just know that you can sell things you haven't bought and can benefit from doing so if the prices decline.

[WeHaveNoUsername]

Hi Dave, I'm new at this forex stuff. I appreciate the info you put out there. With all the information you give us, would that be sufficient enough to do real trades or would you recommend any reading material? Thanks

[shakaama]

i've been watching msnbc and they say that the markets have already priced in an obama victory. with that said, i'm of the opinion that given the bailout has passed and we are continuously bailing out more companies, the euro will stregnthen.

[InformedTrades]

many are in agreement here that over the long term the bailouts will cause the USD to weaken, however in the short to medium term because of a number of factors which we are discussing on InformedTrades the USD is in an uptrend. Best Regards, Dave

[swingkid]

Dave, thanks for all your informative videos.  I really appreciate all your efforts.

[swingkid]

gbp/usd

sold to open: 1.58241

bought to close: 1.58187

[InformedTrades]

Hey Swingkid, Congrats on a profitable demo trade!

Best Regards,

Dave

[Nkatsikanis]

I bought a 1000 USD from the USD/EUR. But I didn't have euroes in the first place i think

[scotlad219]

.GREAT INFORMATION

[InformedTrades]

hi scotlad29, Thanks for the comment I am glad you like the video. Best Regards, Dave

[willietrader]

Dave

where the stop you need to show how to protect one's account

[InformedTrades]

Hi Willie,

Don't worry will be going into that.

Best Regards,

Dave

[ecpayne1]

I already know what "Pips" are. They sang with Gradys Knight! :) The demo trading software is cool. Thanks!