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Babe in the woods

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Christopher Albrecht
18
Christopher Albrecht  

Hey everyone,

I'm completely brand new to forex. As such, I have about a zillion questions so if there's a "pre-school" section of this forum, please point me to it and forgive the following basic questions.

I'm a GUT trader. i.e. haven't a clue about charts and statistics. BUT, I've paper traded stocks before and always done pretty well. I just opened a ForexMeta Demo account on Teusday. Between 2 hours of trading Wednesday morning and 2 hours this morning, I'm up $1110.96. So, to keep it simple to start with...

1) Just how realistic is demo vs. Live trading? Did I really do that well...lol

2) What the heck does swap mean?

3) I bought FapTurbo EA. Started it Tuesday morning and allowed it to run to this morning (Thursday). All it's trades were in the minus. I manually steped out of all it's trades as soon as I saw they were in the Black. Quite frankly, my manual trading seems to be blowing it's doors off. Is this normal?

Thanks folks and please excuse my NEWBE questions.

Russell
287
Russell  
swap is the intrest on your open positions
Christopher Albrecht
18
Christopher Albrecht  
Russell wrote >>
swap is the intrest on your open positions

Thank you Russell,

I was wondering because under the Fapturbo robot, (again, demo mode here), I saw a value under swap but under my manual trades, I saw none. But then all of my manual trades are very quick. No more than 10 to 15 minutes whereas the robot lasted days.

So here's a silly question I'm sure but, On two of the Fapturbo trades the swap was -2.11 and on two others it was 1.21. So if it's interest on open trades, which is in my favor? I'm assuming the postive number works for me?

Russell
287
Russell  

Yes positive works for you. You can see which is in favor by the use of the functions below. Swap is added to your position at dayturn (GMT)


MarketInfo(Symbol(),MODE_SWAPSHORT)
and
MarketInfo(Symbol(),MODE_SWAPLONG)

hth


Russell

Christopher Albrecht
18
Christopher Albrecht  
Russell wrote >>

Yes positive works for you. You can see which is in favor by the use of the functions below. Swap is added to your position at dayturn (GMT)

and

hth

Russell

Thanks again Russell,

I know I should probably ask a broker but, What determines whether it's positive or negative and and how much it is? Today I had a sell trade for 100 bucks profit and the swap was -$21.45. Yet on all my other trades, both buys and sells, same 100 profit, some were like + or - about 2 bucks...lol

Thanks for the code too. Just begining to look into the editor now. I wish I knew how close a demo is to the real thing. In six days I'm up $4264.54 from a 5k start. But have no idea about the spread differences if any, comissions, taxes...lol...you know, all that stuff.

I'm calling Forexmeta in the morning to find out. I want to trade demo the rest of this week and then going live next Monday if I continue to do this well.

Chris

Ray
2653
Ray  
Andrew Pike
14
Andrew Pike  

I was just going to post that link. I to am new to this and learning from babypips. great site.

Christopher Albrecht
18
Christopher Albrecht  
massdrewski wrote >>

I was just going to post that link. I to am new to this and learning from babypips. great site.

Thanks to you both for the link. I will start reading right away. One more silly question if I may. I was trading along today, 10k bal, down 6200 and all of sudden all my trades went away and closed leaving me one heck of a loss???? Does this happen if your margine falls below 100% or something???

Thanks everyone!!

Chris

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