New trader

[phool666]

Hi,
I am new here too. No you can say that I am no one here because I don't know even one thing about forex trading or related this. Just know that we can make money by this therefore I am here to ask you about Forex trading.
BTW if any one has an E-book on complete introduction about this then pleas PM me

Thanks
phool666

[lammergriffin]

I just started Forex and have an If Then order type question. Here goes. Instead of placing an initial entry order above price using an entry stop buy to go long, and then a separate entry limit sell to go short and gain a profit, I want to use an if-then entry order. I want to combine the two separate entry orders into a one step if then order. But why doesn't the if-then order allow me to choose my price above or below the current currency pair quote? I have to be real careful not to offset the current quote or else the order will be rejected.

An additional downside to this is that I think the limit or take-profit on the if-then order does not hold at the price you set like it would had you set it on a separate short to sell order. Hope this all made sense, I'm a new forex trader, so far I've made about a $100 profit to a $25 loss.

I seem to be doing fine just setting a stop on my initial buy and setting a limit on my second sell (unless dealing on a downtrend, which would be reversed.) I like to choose my own pips rather than just clicking OCO.

One last question - how come the USD/NZD pair is not listed as the 7th currency pair when you click on the FOREXPROS - Forex icon on the upper right screen? I want to know if it is a strong sell or strong buy like the rest of 'em!

[Probafix]

Forex trading is one of the more profitable opportunities for both professional and new traders. Forex trading especially trading forex online is challenging and exciting but once you learn the basics it get easier and easier.