New guy!
Hi all! I'm new to forex. Been doing the school of pipsology over again. Got half way through it almost a year ago and just now started up again.
I think I have a few questions.
I like Oanda because of the small account size, the unlimited fxgame, and no pressure. I download other demos only to find a 30 day limit. I've signed up for several forex.com demos, and had them expire before I've even tried anything.
Is Oanda safe and on the level? I like the trading platform/software.
If you start trading forex, can you go a day or two without being in front of a computer? Or would that screw up the whole profiting strategy? I know you can day trade, but can you make trades and let them go long term? even weeks to months and realize a long term profit? From what I see so far, forex looks like a day to day, or even hour to hour venture. Letting something ride a week looks like it could be disasterous. Automation? setting up stops and and automated buying?
Looking at candlestick charts and the explanation of candlestick charts at pipsology school, they talk about the different candlesticks in open/close. I don't understand this. The forex market is supposed to be practically 24/7. How does the currency pair open and close with each candlestick? Each candlestick is what? Relative to your chart scale?
I won't ramble on too far for my newb post.
|