Tomorrow morning is going to be important for froex trading since the Canadian and US trade figures will be announced at 8.30 am.

My advise for tomorrow - Buy Euro/USD and sell GBP/USD (or vice versa) and set a limit of about 40 points for each.

Alternatively, set a stop loss of 20 pips with a trailing stop loss of 10 points and if together with that a limit can be set too (iam not sure, set it for 50 pips)

However, do this around 8 am since after 8.10 or so you will not be able to do it. The market is expected to be volatile tomorrow morning.

Chandresh

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

I am a newly landed immigrant landed on 5 october 2005 and am looking for good job. I was a dentist in India and i discovered that getting into dentistry wud be too hard for me, it may take over 3 or 4 years or more. Meanwhile i need to survive. I was told that forex trding is a good field to be taken as a profession. Hence I have started doing it by registering with online brokers with trding platforms. I have gone thru the basics in those sites and started doing demo trading. But cud not get the ctch of it. I shall be grateful if you will let me know whther forex tradingis a lucrative profession. Is this a good one for a person like me who is totally new to forex. please guide me regarding this.
my email ID:
Phone: 4163129890

thanq
Sincerely
Mereddy Naveen kumar

Quote:

---

Orginally posted by chandresh

Tomorrow morning is going to be important for froex trading since the Canadian and US trade figures will be announced at 8.30 am.

My advise for tomorrow - Buy Euro/USD and sell GBP/USD (or vice versa) and set a limit of about 40 points for each.

Alternatively, set a stop loss of 20 pips with a trailing stop loss of 10 points and if together with that a limit can be set too (iam not sure, set it for 50 pips)

However, do this around 8 am since after 8.10 or so you will not be able to do it. The market is expected to be volatile tomorrow morning.

Chandresh

---

Dr Reddy,

For a person who is a new immigrant to this country........my sincere advise is - Don't even think of taking forex trading as your profession or money earning venture. YOU MIGHT LOSE THE SHIRT YOU ARE WEARING!

Having said that, I would also say that start this with some money that you can afford to lose 100% as a side hobby, meanshile concentrating on getting some survival jobs or better still, a change in career, if need be. You can keep forex trading as a career/profession at the back of your mind, and try to gain as much knowledge and experience as possible doing small trades and reading about the markets/strategies etc.

But remember, I always tell people - forex trading is not for the faint hearted, so if you are of the kind whose blood pressure can shoot up on a sudden change inthe market, then your heart is more important than money!

If you still want, I can call you later today - am at home most of the day!

Chandresh

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

Hi Guys,

I did what I had recommended, and today my equity stands at 10,387!

(From $4,735 on Oct 1 to 10,387 on Feb 24 - net gain of USD 5,652 is not bad!)

Chandresh

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

Hi,
thanks Chandresh for giving us so much info about forex. I trade forex thru demo account..but i am not confident enough to have a live a/c. I know you give free forex classes. Please count me in when you have the next class.
looking forward for your reply.

thanks

Quote:

---

Originally posted by furquan

Hi,
thanks Chandresh for giving us so much info about forex. I trade forex thru demo account..but i am not confident enough to have a live a/c. I know you give free forex classes. Please count me in when you have the next class.
looking forward for your reply.

thanks

---

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

Sir,

I am interested in taking the fx trading classes and is willing to pay for it. I am living in mississauga and if u can arrange i will be thankful.

I am new in canada although i have been trading mostly in stocks in India.

Thanks