FOREX beginners

[Steve]

Its very interesting, I just had a margin call on my Forex account and had all my positions closed, losing $11,000USD, on my 'game' account.
-quite amazing
-and for a while I was doing so well!
It will be a while longer before I use real money....

Learning from your mistakes is the best way to learn. At least it was not real money!

If at first you don't succeed, try again...

[AMR]

Golly, that was quick!

Just out of curiosity, how big were your positions? did you use stop losses?

[roddy]

Hi AMR,

Good to hear from you,
i cant answer for Doc G but i see on your signature it reads backtester, if so do you know how to programme metastock system tester?

cheers

roddy

[Steve]

Hi AMR,

Good to hear from you,
i cant answer for Doc G but i see on your signature it reads backtester, if so do you know how to programme metastock system tester?

cheers

roddy

Big P is the Metastock guru of Sharetrader...

[AMR]

I'm backtesting a few systems with CMC Marketmaker and manually at the moment, no idea how to use Metastock. Ask Mr Phadreus, he's the man.

[Steve]

I'm backtesting a few systems with CMC Marketmaker and manually at the moment, no idea how to use Metastock. Ask Mr Phadreus, he's the man.

How do you backtest with Marketmaker?

[AMR]

It's under the section "Add indicator". There is a tab which says "Backtests" which has a simplified testing system. No programmming required.

[Steve]

It's under the section "Add indicator". There is a tab which says "Backtests" which has a simplified testing system. No programmming required.

To think that I had never noticed the tab! :o

Thanks AMR!

[roddy]

Steve/AMR

thanks for that,i will have to venture over to the other side then sometime!

my back testing is eod and manual at present.

are you guys trading cfds or fx with cmc?
had a look at there site and if they claim only a 2 pip spread on the EURO thats good!

cheers
roddy

[Steve]

Steve/AMR

thanks for that,i will have to venture over to the other side then sometime!

my back testing is eod and manual at present.

are you guys trading cfds or fx with cmc?
had a look at there site and if they claim only a 2 pip spread on the EURO thats good!

cheers
roddy

I only trade FX with CMC and are very happy with the Marketmeker platform and client service. They have even credited $$$ back to my bank account when requested, which is a big plus!

For the months of January & February 2008, they are rebating the spread on FX majors down to 1 pip from the normal 2 pips as a promo.

Steve