will i lose my money?

[rhodytrader]

Originally Posted by piprage

hello there, for example now. if someone has decided to enter a trade, how long can he remain in that position before closing the trade? as in can i buy today and sell tomorrow or like two days after i entered the position whether long or short?

You can hold it as long as you like, but keep in mind the carry interest which might go with or against you.

[piprage]

carry interest? please could you be more elaborate on what that is about please?

[rhodytrader]

Carry interest is the interest you recieve on the currency which you are long and which you pay on the currency you are short. If the former is larger than the latter, it's a net positive. If it's the other way around, it's net negative.

[daydreamer65]

If you interested in the math of the "carry" trade take a
look at this webpage.

OANDA FXTrade - Interest Rate Calculation

[piprage]

ermmm, thanks a lot you guys for helping a newbie to start his trading on the best footing. i must say that i've missed you guys quite a bit, but i've been trying to study at my trading techniques with a demo account all these while, trying to build my confidence level. hopefully, i should commence my live account trade soon and i hope that with what i've garnered, i would be able to make myself a good trader.

however, just some few days ago, i stumbled upon this elliot wave theory, i wonder how i managed to skip that aspect of my tutorials all these while. i must say i was fascinated to know that market movements could be predicted to the exactness as suggested by this theory. but i would like to a few things more about this:

1: i would like to know if this phenomenon has a time space that it occurs i.e. does each impulse wave and corresponding corrective wave have a time frame in which they occur?

2: can one identify the commencement and decline of a wave within a day's trade i.e. can an impulse and a correction occur during an intra day trading

there are quite a few more clarifications i woulda required, but if i could get answers to these two, i would be very grateful. thanks y'all

[daydreamer65]

Originally Posted by piprage

ermmm, thanks a lot you guys for helping a newbie to start his trading on the best footing. i must say that i've missed you guys quite a bit, but i've been trying to study at my trading techniques with a demo account all these while, trying to build my confidence level. hopefully, i should commence my live account trade soon and i hope that with what i've garnered, i would be able to make myself a good trader.

however, just some few days ago, i stumbled upon this elliot wave theory, i wonder how i managed to skip that aspect of my tutorials all these while. i must say i was fascinated to know that market movements could be predicted to the exactness as suggested by this theory. but i would like to a few things more about this:

1: i would like to know if this phenomenon has a time space that it occurs i.e. does each impulse wave and corresponding corrective wave have a time frame in which they occur?

2: can one identify the commencement and decline of a wave within a day's trade i.e. can an impulse and a correction occur during an intra day trading

there are quite a few more clarifications i woulda required, but if i could get answers to these two, i would be very grateful. thanks y'all

Not an elliott wave officinado but take a look at this webpage,
it may help.

Elliott Wave Basics