Wednesday, October 8, 2008

My first forex experience

My first forex experience was in end year 2007.  Attend a seminar cost about USD150. It was a big seminar with about 150 over people showing up.   That seminar include lunch and a handout and conduct by an experrience trend reader expert.  It start with a basic introduction of forex and follow by some technical terms. We also learn about leverage, type of forex account, swap, trading hour, technical indicator and etc.

He show us some slide regarding the right time to enter the market, what time it is suitable and what day to enter the market so that we do not need to stay in front of computer all the time. They are few indicator given and most of the time it is following the trend.  "Trend is your friend" :)
Entering the market is important and exiting the right time also important. 

After joining the seminar, I start to practise on a demo forex account recommended. Dragging back the old historical forex data. And practise when to open and close position.  Then search internet for more Forex information.