Hi to all at first.

I am just a newcomer to this board and to Forex, currency trading activity. However not completely so cause I do convert from time to time between USD and AUD in my PP acc.. E.g. close to 13 months ago when AUD dropped from almost .99c to .64c against USD within roughly a time of 10 days, I made ~ $7000 in that one conversion alone. Which is when I started to be a lot more serious and interested in these money. But I am a patient person type and won't rush into it too much.

Now I am in the stage when I look for a better Au. based Forex broker and to open my first demo account to start to learn right from it; for me the new terminology and, to practice virtually.

I am not even sure what sort of set up you guys use in the computer and mainly monitor size? I have 24 inch Dell monitor, but I had a thought some of you might be using plus another one perhaps for placing some program tool boxes on, and the first screen for a main window? I hope this isn't too funny...

Hi,

Welcome

Your monitor is ok. you don't need a bigger one. Wide monitors are not suitable for trading because they make the charts and trends so wide and so you can not see the trends properly.

17" monitors are much better for trading because their width and high are almost the same (I am not saying you should buy a 17" monitor).

I luv this forum and have really learnt alot from your website... I am barely 4 months old in this forex game but I must confess that you made me luv 4x more than I have ever imagined.........thumbs up and I look forward to being like you someday....
Regards...

I thought I would bring up a couple of points that some of the new members may not be aware of.
(1) that is the different prices of the different platforms.
(2) and to allow for the spread on your platform
As platforms such as Meta Trader, Go markets, IG Markets all differ a little in price and spread it is always wise to allow a few pips if you are following Vahids entry and exit strategies.
Take last nights GBPUSD trade my Go markets platform only got to a high of 1.6229 so if I had have had my take profit set @ 1.6632 I would have missed out on taking profit at the first take profit point(I allowed 3 pips). Even though it my still go back up past that point it may not and if you don't allow for those things you may miss out on a lot of profit for a couple of pips. I have known Vahid to be extremely accurate with his profit take points.
So just a couple of things to be aware of especially if you are on the other side of the world to Vahid and setting your trades at the early hours of the morning as I do with buy stops,trailing stops and take profits
Happy trading
Ian

Ian,

You make a good point. Vahid does do an exellent job in setting his SL and profit targets with reguard to the spread but your point is well taken. With all the different brokers one would not be foolish to put a couple of pips cushion on your SL and profit target and reap more benefits from the system. I employ your strategy from experience of following the program. Sure, I have given up a few pips here and there but I have also gained profits by taking them just a bit early and not getting stopped out for the same reasoning. However, some will ignore this advice because of greed. One of the deadly sins of trading(and life).

Could someone please help me...I am used to FXCM platform when it comes to trading, but I noticed that most people I cum accross use MT4, I have also noticed MT4 has much more tools and effects, is it just my thinking or is everyone thinking the same? bcos if otherwise, I would have to get used to the MT4 platform b4 I start trading...

Please response from anybody?????

Thank you

Use what you feel comfortable with, but it does make sense to install a free demo account with FXPro as that is the platform that Vahid uses in his reports.
I've no experience with FXCM, so cannot comment. But MT4 is so much superior to other platforms I have used.

Starting with using Meta Trader 4 was all right for me. I bet that if you already have a previous experience with another program you'll get used to the MT4 easily. I used the video from Forexoma Market Analysis page in which Vahid takes viewer through the initial processes of download, install and set up for running. Because I am fresh newbie I still keep in mind from reading on the other "How to download & install..." or "How to read analysis & signals" pages, that you use the trade signals on demo account with FxPro and you can still trade with your own favorite broker elsewhere.

Thank you guys for the previous replies especially about the S/L which I always take into consideration now.