22 Apr 09 Need Help on MetaTrader4 Far As Forex Trading?

Bob asked:


Last Friday, I have money invested in Dollar VS Euro. I choose dollar over Euro because of the average indicator and other technical indicator showing that the Euro currency is weakening.

I put $500 on Sell in US/Euro, the Euro value went against me and I have about -$200 in my current trade. However, I figured that eventually I can leave the trade alone for the weekend.

Last Monday, I look into my account and noticed that I have a -$900. The Euro was more weaker and that my prediction was correct. However, why was I been marked as -$939.60 leaving me to pay the broker for the -$380.04 that I owed.

What I also noticed that there is a Swap penalty but I need to know more about it. Why am I being charged with Swap penalty and could that be the reason why I lost money?

Here is the screenshot to show my trade….

http://i27.photobucket.com/albums/c160/Bopkasen/lostmoney.jpg

Note: I am practicing on “paper” portfolio and not real value.

How do I avoid that hidden or unseen problem when trading in the forex trading including using the software?

What do I need to do in order to manage my lots position properly?

Net Advisor, I don’t mean to be rude but you are wrong.

There is nothing different between a real money and a paper money.

This isn’t a game, I invest in foriegn exchange like I would with real money.
I have great analyst skill and extremely intelligence.

The last thing I need is an insult to my intelligence.

Lonny