few questions about FOREX?
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?
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Tagged with: cost • demo • dunce • fake money • Forex Questions • gbp • pip • research • RollS
Filed under: Forex Courses
if u play forex just for fun…..i cant help u dude, but if u take forex seriuosly…..visit my blog and try to make a contact with me.
www.gbp-usd.blogspot.com
forex is a lot too complicated for beginners. its quite mind boggling to understand the terminologies being used. it will take more than a page to answer your questions.
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