90. How to Place Your First Forex Trade

Posted: November 2nd, 2009 under Forex.
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clk.atdmt.com A lesson on how to place your first forex trade for traders who are new to the forex market.

$11,000 in just over a month

18 Comments »

  1. be wise not greedy with forex
    learn more at bit. ly/bestforex

    Comment by liesashan — November 2, 2009 @ 11:01 am

  2. Sort the Sterling against the Euro long

    Comment by sysopkc — November 2, 2009 @ 11:01 am

  3. 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!

    Comment by raufjanaka — November 2, 2009 @ 11:01 am

  4. 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.

    Comment by elwalvador — November 2, 2009 @ 11:01 am

  5. EUR/USD

    bought to open: 1.25302
    sold to close: 1.25543

    ^^

    Comment by hack5678 — November 2, 2009 @ 11:01 am

  6. 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?

    Comment by mcfarlni — November 2, 2009 @ 11:01 am

  7. 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

    Comment by WeHaveNoUsername — November 2, 2009 @ 11:01 am

  8. 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

    Comment by InformedTrades — November 2, 2009 @ 11:01 am

  9. 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.

    Comment by shakaama — November 2, 2009 @ 11:01 am

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

    Comment by swingkid — November 2, 2009 @ 11:01 am

  11. Hey Swingkid, Congrats on a profitable demo trade!

    Best Regards,
    Dave

    Comment by InformedTrades — November 2, 2009 @ 11:01 am

  12. gbp/usd
    sold to open: 1.58241
    bought to close: 1.58187

    Comment by swingkid — November 2, 2009 @ 11:01 am

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

    Comment by Nkatsikanis — November 2, 2009 @ 11:01 am

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

    Comment by InformedTrades — November 2, 2009 @ 11:01 am

  15. .GREAT INFORMATION

    Comment by scotlad219 — November 2, 2009 @ 11:01 am

  16. Hi Willie,

    Don’t worry will be going into that.

    Best Regards,
    Dave

    Comment by InformedTrades — November 2, 2009 @ 11:01 am

  17. Dave

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

    Comment by willietrader — November 2, 2009 @ 11:01 am

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

    Comment by ecpayne1 — November 2, 2009 @ 11:01 am

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