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  1. #1
    Registered User jjam's Avatar
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    JJAM's guide to life... PART I - MONEY & INVESTING

    This thread will be devoted to teaching those that want to learn how to trade forex. It is my goal to help you become comfortable with trading.

    The lessons learned in this thread will be lessons that you will be able to use for the rest of your life to build wealth month after month, and they can be applied to other types of investments such as stocks/etc.

    If you want to participate, you are invited to open an account with oanda.com. Anyone can open a demo account there for free (Oanda FXGame), but you are also welcome to open an account with real funds (Oanda FXTrade.) If you use real funds, I would suggest opening the account with only a small amount, especially if this will be your first time trading. You can always add more/real funds later when you become comfortable and have shown that you can trade profitably with the demo or low-funded account.


    ************************************************** ***

    HIGHLIGHTING THIS FOR IMPORTANCE!!! Please post here stating that you have opened your account and which type of account you have opened (live or demo.) When we have a few committed thread subscribers, we'll get started.

    ************************************************** ***

    EDITS/UPDATES:

    *Metatrader 4 is also fine to use for the learning purposes of this thread. It can be found at metaquotes.net. I have suggested Oanda simply because that is what I use and will be using for any charts I post. I have no affiliation with them other than that I am a satisfied customer.

    *I may not reply every day. We don't need to rush here, we want to have a slow but sure learning process. That is much like trading. It's not "get rich quick", it's "build a little at a time and build on what you already built!"





    If someone knows how I can bold/highlight/change text color I would appreciate some help w/ that. I'd like to keep this first post easy to read. Can I just use standard HTML or??
    Last edited by jjam; 08-12-2009 at 12:57 PM.
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  2. #2
    Registered User Rhynosaurus's Avatar
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    brb following muscleman420 down the same path
    I'm the guillotine waiting for the head that wears the crown
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  3. #3
    What u lookin at Willis? lyrics312's Avatar
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    you're way behind on this one. Good idea, but it'd prob be better if you posted in the bigger thread with more subscribers

    http://forum.bodybuilding.com/showth...hp?t=110381731
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  4. #4
    100% POLISH DBallerz's Avatar
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    dude V8 Muscle said that market is going to crash within 30 days...better get yer money out...
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  5. #5
    Registered User WorldMuscle's Avatar
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    Signing up here. Really interested on learning about how to trade online. Bigtime newbie, and know nothing about it but am ambitious and willing to learn.
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  6. #6
    Registered user ducktales's Avatar
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    brb, selling all assets for liquid cash so i can follow jjam's advice.
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  7. #7
    Registered User jjam's Avatar
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    Originally Posted by lyrics312 View Post
    you're way behind on this one. Good idea, but it'd prob be better if you posted in the bigger thread with more subscribers

    http://forum.bodybuilding.com/showth...hp?t=110381731

    Thanks. I've posted a link in that thread for those that want to participate in this thread. I imagine it would be kind of hard to get started off just that thread alone, so here we'll start from the beginning.




    Originally Posted by DBallerz View Post
    dude V8 Muscle said that market is going to crash within 30 days...better get yer money out...

    In forex we don't care what happens with the market. We win some, we lose some, but our wins always outweigh our gains. I would love for the market to crash (whichever market you're speaking of...) it would make me a lot of money!
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  8. #8
    What u lookin at Willis? lyrics312's Avatar
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    Originally Posted by jjam View Post
    Thanks. I've posted a link in that thread for those that want to participate in this thread. I imagine it would be kind of hard to get started off just that thread alone, so here we'll start from the beginning.
    Good point. I just wanted to make sure you were aware of the other thread so you could try to get those still interested involved in your thread.
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  9. #9
    Registered User jjam's Avatar
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    AGAIN, PLEASE CONFIRM IN YOUR POST THAT YOU HAVE OPENED AN ACCOUNT AND STATE WHETHER IT IS DEMO OR LIVE (real funds.) THIS WAY I CAN KNOW HOW MANY PEOPLE ARE ONBOARD AND WHO IS TRADING WITH REAL FUNDS (this could be important to know down the road.)
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  10. #10
    trolololo Ultrablack's Avatar
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    In, demo trading. I'm also using Metatrader instead of Oanda.

    And just a heads up the demo version of FXTrade is called FXGame. FXTrade is for live accounts.
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  11. #11
    Ragsatad user Harloe's Avatar
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    Originally Posted by muscleman420 View Post
    brb putting all my money in whatever jjam tells me to
    brb doing wat 420 said.
    .:MiscMarioBrahs:.
    S&P
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  12. #12
    oh hai like wat u c? ricbig's Avatar
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    you're the one who made the ******** website?
    boo hoo chacha is serious
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  13. #13
    Registered User jjam's Avatar
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    Originally Posted by lolpie View Post
    In, demo trading. I'm also using Metatrader instead of Oanda.

    And just a heads up the demo version of FXTrade is called FXGame. FXTrade is for live accounts.

    Great! Welcome aboard. We'll get started when we have a few more members.
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  14. #14
    Registered User jjam's Avatar
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    Originally Posted by ricbig View Post
    you're the one who made the ******** website?

    Sorry, I have no idea what you're talking about. (serious)
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  15. #15
    trolololo Ultrablack's Avatar
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    Originally Posted by jjam View Post
    Sorry, I have no idea what you're talking about. (serious)
    Lol, there's a website called jj.am which is basically a forum and porn gif repository
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  16. #16
    EllusionisT EllusioN's Avatar
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    dude who the fuk are you, and why should we even listen,


    list your net's worth
    Greatness comes to those who take it.

    If you can't command, then you must follow.

    I would rather fail everyone in the world than to allow them to fail me.



    I REP BACK (save me the trouble by linking your thread in usercp
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  17. #17
    Registered User OKPump's Avatar
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    in. demo account. Been interested in FOREX for awhile now.. read up some on babypips.com but there's def an overwhelming amount to learn and know to be successful with it.
    www.geneticwar.com
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  18. #18
    Registered User mophatthedamaja's Avatar
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    in jjam thread for jjam pics
    reps for life
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  19. #19
    Sex Appeal Brah ruskism's Avatar
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    Originally Posted by jjam View Post
    Great! Welcome aboard. We'll get started when we have a few more members.
    Made an account on Oanda, went to login to FXGame and it keeps saying my username and password are wrong, even though I just had the info resent to my email and it's right. :[ Any ideas?
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  20. #20
    Registered User jjam's Avatar
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    Regarding the amount to put into a live account if you choose to do that... it will depend entirely on you. It really doesn't matter if your account has $10 or $1000000, the trading will remain the same. If you do choose to fund your account with real money then I suggest using an amount that you won't think twice about. I like the idea of live trading for beginners because nothing can prepare you for trading with real money until you actually do it, but that doesn't mean you have to trade with any significant amount. Just open a demo account or put a few bucks that you don't care about into a live account, either way is fine.







    OK we are now waiting for people to setup accounts and report back that they are on board.

    I live in Europe and may not update any more tonight. But I'll check back tomorrow.
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  21. #21
    Registered User TwistedCivic's Avatar
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    Okay I am in as well. I will be using the demo account rather than real funds. TwistedCivic=Demo Account. And I am a complete noob at this stuff. But I really would like to learn
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  22. #22
    Registered User jjam's Avatar
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    Originally Posted by ruskism View Post
    Made an account on Oanda, went to login to FXGame and it keeps saying my username and password are wrong, even though I just had the info resent to my email and it's right. :[ Any ideas?

    Check capslock/etc... other than that I don't know... hey the accounts are free so worst case scenario use a throwaway email addy and open a new demo account.
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  23. #23
    Sex Appeal Brah ruskism's Avatar
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    Originally Posted by jjam View Post
    Check capslock/etc... other than that I don't know... hey the accounts are free so worst case scenario use a throwaway email addy and open a new demo account.
    Fixed, I'm on. Lets start this ****. :]
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  24. #24
    Registered User WorldMuscle's Avatar
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    Opening a live account. Should be done by tomorrow


    Really excited!
    Last edited by WorldMuscle; 08-12-2009 at 01:27 PM.
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  25. #25
    Banned bbacn123's Avatar
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    Originally Posted by Pink_Floyd View Post
    Path followed into homelessness, here's me, Rhynosaurus, and muscleman420.

    At least you guys have each other
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  26. #26
    hell yeah, motherfuker pyzjn's Avatar
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    in, and signed up with oanda as a demo account. thanks for taking the time to teach the noobs jjam.
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  27. #27
    Registered User southernstunna1's Avatar
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    ForexFactory is the best place to go for forums about forex trading. I post all day under the "EURUSD" thread in the interactive trading. I'm up around 28 percent since I went live 2 weeks ago.
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  28. #28
    LVL 10 Wizard. eehee's Avatar
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    i'll be starting with a demo account of 2500...
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  29. #29
    Kurt Angles' no1 Fan DarkByDesign's Avatar
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    created a FXGame acount
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  30. #30
    Registered User hypnotikk's Avatar
    Join Date: Dec 2005
    Location: Elk Grove, California, United States
    Posts: 1,939
    Rep Power: 2709
    hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000) hypnotikk is just really nice. (+1000)
    hypnotikk is offline
    Using demo account at Oanda

    I have a managed fund account which does well, but I still want to learn on my own.
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