Learn Forex Blog

bboyballer112 asked:


I’m just doing some research and I am trying out a demo for trading,

1) I see things like USD/GBP and it says buy sell, I don’t understand when to buy and when to sell. I lost 8,000 already in fake money how do I know when to sell

2) What do the numbers represent? It says USD/GBP then buy:1.53399 sell: 1.5444 I don’t understand what these numbers represent and why they keep fluctuating.

3) Whats the spread for?

4) Whats the RollS and Roll B for?

5)Whats the pip cost?

6)Whats MMR?

Anything helps guys I’m 20 years old so yes I am a dunce at this and I don’t know anything from the left side of the screen to the right, but its summer so I wanted to learn something new. I am taking macroeconomics just to see if it may help me. Do you think also think working at a bank might help?

BARROSO

Gyromite asked:


Whats a decent number of pips to earn on a trade? I’ve generally been pulling the plug at 15 which is around 10% of my $250 mini account.

What’s a respectable pip haul for a single trade? I have the self control to not get greedy, but I don’t know where the line is. I also realize I could do a trailing stop, but I feel more comfortable locking in my profit when I have it.

LUCUS