Comments on: 78. An Overview of the Forex Market

By: AirelonTrading

AirelonTrading — Sat, 14 Nov 2009 06:45:30 +0000

“Crack / cocaine” – lol

Looking forward to this series Dave. I know of some details, and the possibilites with the Forex, I’m still fuzzy on some details. Interested on seeing your thoughts on the best leverage to use, and other factors.

By: InformedTrades

InformedTrades — Sat, 14 Nov 2009 06:15:48 +0000

yeh that is my favorite line as well…sounds good if there is anything I miss in the videos please feel free to ask. Best Regards, Dave

By: pjblabla

pjblabla — Sat, 14 Nov 2009 06:03:57 +0000

Hi Dave,

(I am new to trading & finance in general)

Few questions on this Forex video

1. why & how does high liquidity prevent slippages & manipulation?

2. Is it possible to go Long on one currency in a pair & at the same time go Short on the other currency (it would cancel any gains, but I just wanted to know if its allowed)

thanks Dave

By: InformedTrades

InformedTrades — Sat, 14 Nov 2009 05:33:05 +0000

Hi pjblabla, Thanks for the comment. The greater the amount of a financial instrument that is traded the more likely there is to be enough of that instrument at the price which you are trading at which reduces slippage. Also the greater the amount of a financial instrument that is traded the harder it is for any one person or entity to move the market making it harder to manipulate. When you go long one currency in a pair you are automatically going short the second currency pair. Best, Dave

By: InformedTrades

InformedTrades — Sat, 14 Nov 2009 04:38:48 +0000

Below is my best shot at an explanation which fits within the word count limit here on Youtube. If you have further questions I encourage you to post them in the ask/answer question section of the InformedTrades homepage where I am unrestricted in terms of the length of my reply. Best Regards, Dave

By: pauper101

pauper101 — Sat, 14 Nov 2009 04:25:38 +0000

hey david,
i really appreciate your work in these videos.
Your education really made me chance my perception on the financial markets as i am in the process of completeting my trading system.
I have one question to ask you. You said in this video that the FOREX is open 24hours, do u mean 24/7 or 24hrs from Mon-Fri?
cuz i opened a demo accnt on FXCM at right now is 11:45pm Sydney on 11/7/08 (Saturday Night) and it seems like its closed?!?

tHanks heaps

By: InformedTrades

InformedTrades — Sat, 14 Nov 2009 04:21:28 +0000

Hey Pauper101, Thanks for the comment and for watching I am glad you like the videos. Since the forex market is over the counter it technically never closes however most trading platforms close somewhere around 4pm NY Time on Friday and Reopen around 5pm on Sunday. Those are the times that FXCM opens and closes as well. The reason for this is that the banks in all the major markets are closed during this time so there is not much trading going on. Best Regards,Dave

By: pauper101

pauper101 — Sat, 14 Nov 2009 03:45:33 +0000

hello again david,
thanks for answering my questions, it really helps and it is greatly appreciated.

cheers

By: InformedTrades

InformedTrades — Sat, 14 Nov 2009 03:17:38 +0000

my pleasure pauper101 thanks for watching.

Best Regards,
Dave

By: AbouArz10450

AbouArz10450 — Sat, 14 Nov 2009 03:09:42 +0000

WoW ! and you still got time to learn about forex …

By: ForexNiceTips

ForexNiceTips — Sat, 14 Nov 2009 02:11:10 +0000

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By: gakoibhi

gakoibhi — Sat, 14 Nov 2009 00:49:38 +0000

in pakistan i dont see any person who makes money from this forex market this is a big gambling market where in last u loss your all money

By: arelee78

arelee78 — Sat, 14 Nov 2009 00:46:15 +0000

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By: Shellred29

Shellred29 — Sat, 14 Nov 2009 00:36:53 +0000

Hi This is a great video, where would you recommend any of your videos as a starting block for a new trader never used the forex market before?

By: fgbsdfgsdfg

fgbsdfgsdfg — Fri, 13 Nov 2009 23:53:11 +0000

Is this stuff supposed to be insanely hard to comprehend. I just started an international investment course and have been beating my head against the wall all day trying to learn about cross rate exchanges. Hopefully these videos will help me out. Thanks for posting them. Im hoping I will owe you one.

By: FXThug

FXThug — Fri, 13 Nov 2009 23:17:19 +0000

He’s right about burning out, since i discovered this 24hr market i realized i spend ALL my free time trading lol.

By: mustfarhan

mustfarhan — Fri, 13 Nov 2009 22:27:51 +0000

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I send my predictions many times.. every day.. For proof check previous.. I assure you guys with doing exactly as i say.. you will be making good money.. trade as i say and calculate you progress at end of week… subscribe and rate…

By: TheDjbang

TheDjbang — Fri, 13 Nov 2009 21:51:39 +0000

Currency Trading for Dummies by Mark Galant and Brian Dolan is a great book to help begin. Buy It!!

By: TheDjbang

TheDjbang — Fri, 13 Nov 2009 21:04:34 +0000

I made AUD$22,000 in the past two days.

Get on SKYPE and I’ll show you how.

It’s only a gamble if you don’t understand technical analysis.

By: TheDjbang

TheDjbang — Fri, 13 Nov 2009 20:54:57 +0000

I used to get burnt out too until i started focussing on one pair only. I just use a larger volume in a single trade that way I never have to worry about multiple outcomes over a lot of pairs.

I can’t believe more people aren’t forex trading I LOVE IT!!

By: FXThug

FXThug — Fri, 13 Nov 2009 20:32:07 +0000

YEah its addictve, currently i keep tracking of several countries usd/AUD/EUR keeps my energy high and nice mangemnt on my time

By: outcastization6

outcastization6 — Fri, 13 Nov 2009 19:46:46 +0000

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By: izuaff04

izuaff04 — Fri, 13 Nov 2009 19:11:04 +0000

Hey David,

I’m a newbie in Forex. My question is, can I hold aposition , say for more than a week if i see an uptrend continuing? What are the risks and any extra cost involved? I’m using Thinkorswim platform, Thx