I did some forex tradings recently, and found the setting of the stop loss is very important and technical. One day, I did an almost same trading as my friend’s and the only difference is that my stop loss setting was 10 pips more than his. The result was his trading was stop loss, and my trading was stopped at my take profit setting.
The following is a good artical about the stop loss setting, and I want to share with you. 
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The website www.forexforum.net is fully dedicated to the forum, which represents a nice blend of active users, smart structure and relevant threads.
Posting frequency:
Posting frequency is rather high, about 10-15 new messages and 3-4 new threads appear every day (except for holiday time).
The forum has 1,235 threads and 2,316 posts. These figures are rather strange, because the number of thread is enormous, but the number of posts is rather small in comparison with threads.
After tried some virtual forex trading within Marketiva, and I started to do real tradings from yesterday, but just with the 5 free USDs in marketiva.
Yesterday, I found the GBP is keeping decreasing, so I shorted GBP/USD. The buy in price is at 1.4768, and I set take profit at 1.4550, and stop loss at 1.4900. After about half day, it gave me 218 pips profit. Of course, it is only 2.18 USDs because of my trade size, but it is still a good start, isn’t it?
The trend is your friend
In up-trends, buy the dips; in downtrends, sell bounces
Marketiva is famous for its free 5 USDs register bonus, so it became my second forex trading account.
I found it was very slow for IE to open Marketiva website, and I tried Firefox to open it, and it was much faster. After filled the personal information in the first page, and it asked me to input a coupon code in the second page. I did not have one, and I was not sure if I can get free 5 USDs bonus without the code, or if I can get more with the code, so I searched in the Internet, and managed to find one.
One of my friends is trading with Easy-Forex, so I would like to try it first.
Before the end of 2008, Easy-Forex provided an special offer: get 20% of rebate of the first deposit if you open an account with them. So I opened my account before that and have got the rebate.
Open an account with Easy-Forex is easy. It only took me about 5 minutes to do that. During the registration, you do not need deposit. But if you want to trade right after register, you can deposit with your credit card. You also can deposit your money with Paypal, but it will take a couple of days. I deposited 250 USDs with my credit card.
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Dear friends,
After started my plan, I found there are just too many forex brokers, and it is not possible for me to try them all. So if you have experiences with any forex brokers, please write it down, and send it to me. I will read it, and if it is published in my blog, you will get paid. It must be your original opinion, and never be published. The first 5 accepted artical will be paid 5 USDs each. Of course, it is only a small amount of money, just want to say thank you for your support.
Note: The money will be paid by PayPal, if you do not have an PayPal account, please open one. It is free and very useful.
In 2008, I can feel the currency exchange rate started to affect my life. I never imagine the exchange rate can change so much in just a couple of months. But it happened in 2008.
From my point of view, GBP is the weakest currency among the main currencies in 2008. In the end of 2008, GBP reaches it’s record low to almost all main currencies.
Let’s have a look. At the beginning of 2008, the exchange rate of GBP to main currencies were:
GBP/USD=2.0040
EUR/GBP = 0.7364
GBP/AUD=2.2534
GBP/JPY = 216.55
GBP/CNY = 14.50
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