Comments for Forex Currency Trading

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by InformedTrades

InformedTrades — Sat, 31 Jul 2010 18:19:32 +0000

It is a fact that most traders lose money so I would agree that its easier to lose money fast trading than it is to make money fast. Best Regards, Dave

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by swingkid

swingkid — Wed, 28 Jul 2010 11:18:19 +0000

If the Euro strengthens with respect to the USD, then the pair would go up, so I think we would place an order to go long the pair.

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by InformedTrades

InformedTrades — Tue, 27 Jul 2010 00:02:52 +0000

Hey Swingkid, Glad to hear from you and yes that is correct. Best Regards, Dave

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by germanslobo

germanslobo — Sun, 25 Jul 2010 10:11:25 +0000

Hello David;!! What time open de Market if I want to buy EUR/USD?. What time close?.

The same question with USD/JPY.

Thanks!!

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by Guyxfert

Guyxfert — Sun, 25 Jul 2010 05:26:46 +0000

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Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by musicguy550

musicguy550 — Sat, 24 Jul 2010 02:46:02 +0000

Hi David:

I’m just getting started with with forex trading. I am currently reading an introductory book on forex and they introduce another price term called “current price” in addition to the bid ask prices, that the current price is the average ot the other two. I’m trying to figure out how “current price” then fits in with the overall forex trading scheme. Thanks.

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by ichersue

ichersue — Wed, 21 Jul 2010 13:08:35 +0000

i use metatrader 4 as my trading platform which enables to display bid and ask prices for one currency pair on one tick chart. most of the time the bid and ask prices move together but sometimes they diverge e.g. bid up, ask down (but so far i’ve never seen them converge, if they do converge). why does this happen and how would it affect the price chart?(ex. can a candlestick simultaneously increase and decrease? how do you determine the close/open prices?) many thanks to anyone who answers

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by TheDjbang

TheDjbang — Mon, 19 Jul 2010 03:36:38 +0000

Bid and Ask prices will never converge. Candlestick will go in one direction or the other. However, online platforms take a few seconds to show the true direction of the candle. Example:
If it is trending upward and then downward it will first show as up. After a few seconds it will average out which direction had the strongest momentum then it will show the true direction. Read “Currency Trading For Dummies” by Mark Galant and Brian Dolan.
Good Luck!

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by ichersue

ichersue — Fri, 16 Jul 2010 09:10:29 +0000

thanks for the answer. for the book, i’ve finished it long before i actually got into trading, when i was still only considering it. as with every “for dummies” or “idiot’s guide” book honestly i find the injection of irrelevant humor distracting. i know they had good intentions when they decided to include jokes in their books, maybe for a better reading experience or memory retention, but personally it’s too much

Comment on 89. Forex Trading – Understanding the Bid/Ask Spread by ichersue

ichersue — Tue, 13 Jul 2010 21:43:34 +0000

and by bid ask prices converging i meant bid = ask or ask bid, so after diverging as they come back closer together technically they’re converging. sorry about my logical error