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Monday 29 September 2008
By Charles on Monday 29 September 2008, 16:30
Feeling a bit awkward when playing my first dollar, I've decided to start again from the beginning thanks to Forex Guides. After a few Google searches, babypips.com seems to be the best web site to start with.
Why ? The school section is a must have for me to read AND understand. Back to the beginning...
Friday 19 September 2008
By Charles on Friday 19 September 2008, 14:54
My first transactions are on EURUSD, which seems to be the most popular pair.
EurUsd The EURUSD pair confirmed a previous support at 1.4100 before an impressive intraday bull run to 1.4380 levels – confirming the 61.80% retracement support at 1.4115 levels from the bullish move started Sept 11. Breaking initial supprt at 1.4250 and settling at the end of day on the 23.60% retracement at 1.4340. Initial support seen at 1.4280, then 1.4180. While upside resistance at 1.4500 which then leads the way for 1.4800 levels – end of August Levels.
I read a few news (see above), USD seems to go up : unfortunately, I've lost 876€ in 1 hour... (between 2 and 3 in the following chart)
What do you consider as the best strategy for me : work on quick (<1h transactions) or longer ones ?
More details to come 
Thursday 18 September 2008
By Charles on Thursday 18 September 2008, 15:53
When discussing with a friend on Forex, I discovered that he was already trading on-line too !
He recommends me this useful video : "Hey my friend, let's learn a bit the basics by yourself, we will discuss strategies later..."
So let's go !
Tuesday 16 September 2008
By Charles on Tuesday 16 September 2008, 11:08
First step for me to enter the Forex world : choice of a trading platform.
So I spent some time on the web, looking for articles and forums for Forex beginners and power users. To start, after understanding the main principles, I have decided to download Demos from two of the main Fx web sites :
Let's have a look on Alpari Meta Trader 4, which is easy to install and to start with.
I have €10.000 (play money 
) to start with.
To be continued, I will tell you more about my first days shortly...