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Rookie35
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Everything posted by Rookie35
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Introduce Yourself Here - Don't Be Shy!!
Rookie35 replied to trading4life's topic in Beginners Forum
Hi Mystic, Nah no MM for me thanks! STP Broker,Rather pay com`s, no com brokers too wider spreads and its of no interest to them to do right by me, only them..... -
Introduce Yourself Here - Don't Be Shy!!
Rookie35 replied to trading4life's topic in Beginners Forum
Hi All, I am new to TL, hope you all had a Crackin Chrissy! Thinking of starting to trade fx. I have produced some great results trading securities on paper/demo and would like to transfer my skills, mainly mechanical methods of trading to the fx market. There is one thing i just can`t grasp with Fx and i hope an understanding TL member could possibly clear this up. Please excuse me if this is a stupid question! With Fx i dont understand how you can go long on a currency pair if you don`t have the counter currency to buy the base currency? e.g how can i go long on a AUD/CAD if my Fx accounts base currency is AUD. To me it makes sense that i could only short this pair!? Am i right to think this?? I really can`t grasp the whole concept, any help would greatly appreciated!