SORRY FOR THE LONG NOTE AM ACTUALLY NEW TO FOREX SO I WANT TO EXPLAIN
EVERYTHING SO I CAN CONTINUE with THE SCHOOL
Hello,have been looking to learn forex for long,then i found this site
and was very happy kudos to you guys,but now i am stuck and i would
like you guys to help me cause am totally a neeeeewbieeeeeee.
When i got to the stage of practicing a demo as they said in the
school,i searched on google found this site hotforex,registered a demo
account,they said a platform LINK would be sent to my box i looked
couldn’t find any,I searched on google to download a platform i
downloaded METATRADER 4 installed it on my system.
I called a friend of mine who knows about forex a little to help me
with using it.HE said i have to pay the broker for the platform which
i’ll use for the demo AND LIVE TRADING and I have to buy some
indicator for the platform which he wanted to sell to me for 120$
claiming the one that came with platform would’nt have any indicator
for technical analysis trading.
HERE IS A LIST OF MY PROBLEM:
-HOW DO I ADD THE BROKER SERVER THE PLATFORM
-DOES EACH BROKER USES ITS OWN PLATFORM
-DO I ACTUALLY BUY ANY INDICATOR(as my friend claimed)
SECONDLY the school the not explain all this before going to technical
analysis for instance;
when i saw the chart i thought it was going to give the price
relationship between EURO/USD(using this pair for example)
but i could only see a price against TIME which I think is the USD
HERE IS A LIST OF MY PROBLEM ABOUT THAT:
-WOULD I BE CHECKING ONLY THE QUOTE PRICE ONLY(USD)
for example if i just loaded 100$ i see the dollars is comimg down(the
green bar)i buy the euro,i wait for the dollars to rise up(white
bar)past the price before the original price i buy the dollars back.Is
that the way it actually works can someone pls explain this to me and
everything about it or refer me where i can get it cause am actually
confused and the school just jumped to explaining technical analysis
but not the basis of using the chart and understanding it.THANKS