Comments on: Trading Tips and Thoughts from Nobs Network http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/ A part of the nobs network Sat, 13 Mar 2010 22:59:09 +0000 http://wordpress.org/?v=2.2.2 By: Stock Market Information http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-915 Stock Market Information Mon, 24 Sep 2007 20:59:14 +0000 http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-915 <strong>Stock Market Information...</strong> I couldn't understand some parts of this article, but it sounds interesting... Stock Market Information…

I couldn’t understand some parts of this article, but it sounds interesting…

]]> By: JoseLeon http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-194 JoseLeon Tue, 12 Jun 2007 06:18:34 +0000 http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-194 Paul has explained very well what I wanted to say :) Paul has explained very well what I wanted to say :)

]]> By: Jude http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-192 Jude Tue, 12 Jun 2007 03:23:19 +0000 http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-192 Hi Paul, yea I understand what you mean. My mistake. From what Jose is trying to explain, is that some brokers allow your trades to do part lots I guess. I've been trading with 0.1 lots with my real accounts and understand I can open more positions of 0.1 to 0.9 instead of opening one big lot for a trade. Hi Paul, yea I understand what you mean. My mistake. From what Jose is trying to explain, is that some brokers allow your trades to do part lots I guess.

I’ve been trading with 0.1 lots with my real accounts and understand I can open more positions of 0.1 to 0.9 instead of opening one big lot for a trade.

]]> By: Paul http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-191 Paul Mon, 11 Jun 2007 19:19:33 +0000 http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-191 Hi Jude, No OCO means Order cancels Order. This would be if you had 1 GBP/USD lot going long and you placed one lot of GBP/USD going short. one position would cancel the other and you would have no trades open. On the other hand, let's say you have a multiple lot position open. With most platforms, they will allow you to close out part of the position. Some people use this as a money management strategy. As a positions moves in the favor of the trader they close out part of the position to lock in profits. If you have a platform that allows hedging you can also hedge a portion of a trade to limit the losses as the trade goes against you. I hope this was helpful Paul Hi Jude,

No OCO means Order cancels Order. This would be if you had 1 GBP/USD lot going long and you placed one lot of GBP/USD going short. one position would cancel the other and you would have no trades open.

On the other hand, let’s say you have a multiple lot position open. With most platforms, they will allow you to close out part of the position.

Some people use this as a money management strategy. As a positions moves in the favor of the trader they close out part of the position to lock in profits.

If you have a platform that allows hedging you can also hedge a portion of a trade to limit the losses as the trade goes against you.

I hope this was helpful
Paul

]]> By: JoseLeon http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-190 JoseLeon Mon, 11 Jun 2007 18:54:51 +0000 http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-190 What is OCO Jude? What is OCO Jude?

]]> By: nobsforex http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-189 nobsforex Mon, 11 Jun 2007 18:11:32 +0000 http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-189 Ah, that's OCO right Jose? :) Ah, that’s OCO right Jose? :)

]]> By: JoseLeon http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-188 JoseLeon Mon, 11 Jun 2007 16:17:04 +0000 http://nobsforex.net/2007/06/10/trading-tips-and-thoughts-from-nobs-network/#comment-188 I don't know if many people knows that you can close only part of your positions. I have proved it in NorthFinance and now in Interbankfx. For example, you have a bad position with negative pips but you don't want to close this entire position for any valid reason, or you are hedging that position with another opposite position,etc.. This position is for example with 0,30 lot in a mini account: You can close for example only 0,10 lot of this 0,30 position. Few people knows it and I wanted to share with you. Regards. I don’t know if many people knows that you can close only part of your positions. I have proved it in NorthFinance and now in Interbankfx.

For example, you have a bad position with negative pips but you don’t want to close this entire position for any valid reason, or you are hedging that position with another opposite position,etc..

This position is for example with 0,30 lot in a mini account:

You can close for example only 0,10 lot of this 0,30 position. Few people knows it and I wanted to share with you.

Regards.

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