firstly generally,

Market order means to buy / sell at current price

buy limit order means to buy at the limit price or lower.

sell limit order means to sell at the limit price or higher.

Are you using MT4?

Anyway since you are doing DEMO, why don't you experiment?

If it is a market order, you will see your order appear in the chart at the current price.

Pending orders will requrie you to specify a entry price and if you place it, it will appear at the price you specified.

If you are new to forex, you can visit my blog where i write articles for newbies.

Hope i helped!

ENJOY

…

Here is what I am struggling with. Timing of the next major leg (not a correction but the resumption of the trend). And, whether it starts with small steps or a steep gap. If it is baby steps, then I think the risk/reward favors being late and one can relax about the timing, because all one has to do is wait and join after the first 3% is lopped off. If it gaps lower, then one would rather position ahead and suffer for a few days/weeks…and am not looking forward to it. The thing with stops is..if one gets stopped out, then one is not supposed to put the same positoin on..so, what is the next entry point? And how many times to keep suffering damage by a thousand small cuts?

China seems to have set the ball rolling, but may make another attempt to go higher before dropping. The credit indicators you mentioned are widening, but gently and are sill benign. If there starts to be a big negative divergence then we would know the timing gets closer and there is a catalyst. Other than that, there could be some unexpected catalysts. Just dont see anything other than China that can trigger the next move…unless at some point, people start looking for the exit at the same time and the machines all switch direction.

I think the first move may be a gap lower; and that makes the timing crucial and I am struggling with it. Looking at some of the early years…looks like every deep drop was followed by a steep rally. Similar in percentage terms, so perhaps wait for the first bounce after the first drop and join in then? Dont know

…

you can easily open a micro account with USD 500. You are free to execute as many trades as you deems fit in a day. there is also no restriction in short selling.

you can easily open a micro account with USD 500. You are free to execute as many trades as you deems fit in a day. there is also no restriction in short selling.

I see that you are very much interested in learning Forex Trading….!! But as far I know I dunno if any website offers training in Tamil. But yes there is a website where you can practically learn to trade forex… its gnutrade. If you are interested you can check it out. Its specially designed for people who are beginners. Newbies benefit a lot from this trading platform

…

ENJOY

Have you ever played Rich Dad Poor Dad's Cash Flow game? Its actually a lot of fun and a little cooler then monopoly. I'm actually thinking up creating my own board game just for stocks and options. I'm going to start a club in hawaii and see if I can get two board games a month and charge a small fee to get people to come to learn about finances and meet some other local people interested in their finances. I guess I'll have to see how it works out.

As for paying off my rental property or car first it does make sense to pay off the car. I hear you can use the interest you pay on your car and take that off your taxes too. I understand the points and interest tax credits you can take. I've done it twice now and it helps. I'm currently in the poor income tax bracket and get back mostly all the federal and state income tax I pay yearly. As soon as my stock portfolio hits higher I'm sure I will really need all the tax advantages I can get.

…

…

firstly generally,

Market order means to buy / sell at current price

buy limit order means to buy at the limit price or lower.

sell limit order means to sell at the limit price or higher.

Are you using MT4?

Anyway since you are doing DEMO, why don't you experiment?

If it is a market order, you will see your order appear in the chart at the current price.

Pending orders will requrie you to specify a entry price and if you place it, it will appear at the price you specified.

If you are new to forex, you can visit my blog where i write articles for newbies.

Hope i helped!

Anecdotal evidence seems to indicate that at least 95% of "retail forex" customers lose (you can search the Web for various stats on this, for what that's worth).

Very few retail traders can open a "real" forex account that can trade against bank trading desks. Probably need $2,000,000 minimum or so to do that, plus be able to convince them that you're something big.

The "forex" accounts typically promoted on the Internet aren't the same — with those, you're actually trading against your own broker, who issues OTC securities to you. This puts you in the rather awkward position of being in diametric financial opposition to your broker.

See also this warning regarding forex trading (it's from the US perspective, but it probably applies globally to a large degree):

http://www.cftc.gov/opa/enf98/opaforexa15.htm

Marketiva gives you 5$ real to start trading so you don't have to deposit and if you made profit from it you can cash out, this is why it's very good for beginners. Their platform is very easy to use and they have support during trading hours.

To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

Anecdotal evidence seems to indicate that at least 95% of "retail forex" customers lose (you can search the Web for various stats on this, for what that's worth).

Very few retail traders can open a "real" forex account that can trade against bank trading desks. Probably need $2,000,000 minimum or so to do that, plus be able to convince them that you're something big.

The "forex" accounts typically promoted on the Internet aren't the same — with those, you're actually trading against your own broker, who issues OTC securities to you. This puts you in the rather awkward position of being in diametric financial opposition to your broker.

See also this warning regarding forex trading (it's from the US perspective, but it probably applies globally to a large degree):

http://www.cftc.gov/opa/enf98/opaforexa15.htm

Also, the majority of casual Forex investors tend to lose out either because they do sign up to a scam, or because they pour money into a live account while they're still trying to learn (or when they think they have more experience than they actually do).

Learn from a good Forex info site like BabyPips. You're probably not going to find much written in Tamil, so an online translator is probably your best bet for that.

You can of course always subscribe to a good signal package, such as one with JustPips, and let it help you make your real trades while you learn on the side with a practice account (eg. FXGame with Oanda).

Anecdotal evidence seems to indicate that at least 95% of "retail forex" customers lose (you can search the Web for various stats on this, for what that's worth).

Very few retail traders can open a "real" forex account that can trade against bank trading desks. Probably need $2,000,000 minimum or so to do that, plus be able to convince them that you're something big.

The "forex" accounts typically promoted on the Internet aren't the same — with those, you're actually trading against your own broker, who issues OTC securities to you. This puts you in the rather awkward position of being in diametric financial opposition to your broker.

See also this warning regarding forex trading (it's from the US perspective, but it probably applies globally to a large degree):

http://www.cftc.gov/opa/enf98/opaforexa15.htm

Also, the majority of casual Forex investors tend to lose out either because they do sign up to a scam, or because they pour money into a live account while they're still trying to learn (or when they think they have more experience than they actually do).

Learn from a good Forex info site like BabyPips. You're probably not going to find much written in Tamil, so an online translator is probably your best bet for that.

You can of course always subscribe to a good signal package, such as one with JustPips, and let it help you make your real trades while you learn on the side with a practice account (eg. FXGame with Oanda).

I see that you are very much interested in learning Forex Trading….!! But as far I know I dunno if any website offers training in Tamil. But yes there is a website where you can practically learn to trade forex… its gnutrade. If you are interested you can check it out. Its specially designed for people who are beginners. Newbies benefit a lot from this trading platform

Have you ever played Rich Dad Poor Dad's Cash Flow game? Its actually a lot of fun and a little cooler then monopoly. I'm actually thinking up creating my own board game just for stocks and options. I'm going to start a club in hawaii and see if I can get two board games a month and charge a small fee to get people to come to learn about finances and meet some other local people interested in their finances. I guess I'll have to see how it works out.

As for paying off my rental property or car first it does make sense to pay off the car. I hear you can use the interest you pay on your car and take that off your taxes too. I understand the points and interest tax credits you can take. I've done it twice now and it helps. I'm currently in the poor income tax bracket and get back mostly all the federal and state income tax I pay yearly. As soon as my stock portfolio hits higher I'm sure I will really need all the tax advantages I can get.

Marketiva gives you 5$ real to start trading so you don't have to deposit and if you made profit from it you can cash out, this is why it's very good for beginners. Their platform is very easy to use and they have support during trading hours.

To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

I see that you are very much interested in learning Forex Trading….!! But as far I know I dunno if any website offers training in Tamil. But yes there is a website where you can practically learn to trade forex… its gnutrade. If you are interested you can check it out. Its specially designed for people who are beginners. Newbies benefit a lot from this trading platform