I am new to Forex. Just learning the ropes. I have done some stock trading mostly using fundamental analysis. Just completed the school section on babypips. Intend to read it all again and take notes. I am also working on getting better understanding of candlesticks signals and other technical indicators. My initial objective is to understand technical analysis and use the same while doing practice trading. I will give it 3-4 months and see if I can trade live.
Looking forward to this new venture and wishing you all a very happy holiday season.
Welcome you!! This is a good forum to get the info you need.
And Happy holidays for you too. This is my first time here in the forum, and you are the first person saying that. It looks like a nice forums Don�t you think?
it will take a bit more than 3 months, trust me here — DEMO, dont go real money, or simply send ME the money so someone besides your broker gets to use it !
LOL
enjoy and trade well
mp
[B][I]Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence – BUT I KNOW WHERE THEY HID THE KEY !! [/I][/B]
Well even on forex trading you can base your trades on fundamental analysis. This is called here to be a long term trader. Now as I see and deduce from your post you plan to be a scalper, am I right? Well my only advice here is that if you plan to work with only indicators keep in mind that is recommended to use 3 at the most. Because then your charts would become a mess and you will never enter a trade hehehe. I wish you luck and agree with mp, it will surely take more than 3-4 months. Just take your time.
while i certainly cannot argue with YOUR ideas, and considering that there IS a psychological difference between fake and real money, i follow the old military concept of NOT putting a pilot into an F-16, UNTIL theyve accumulated MANY hours in a simulator ---- easier to crash and burn NOTHING, than to make a VERY large hole in the pavement — heck, concretes still expensive !
You are sage, �vous etes sage�� demoing before going live�that F-16 pilot could experiment some troubles even in ground jeje
I�m doing my homework with MT4
mp6140, I believe that he might be able to do it in 3-4 months, because he has done stock trading before. I actually think that stock trading is even harder than FOREX because of all the financial reports to read and what not.
swadwekar, in forex fundamental trading you will realise that many times the news releases may not matter, because the projected effects have already been ‘priced in’. Like say the USD cutting its rates by 50 points, you will notice that even 2 days before the release of the news the USD already started getting weaker.
This is (fundamentally) different from stock trading where the news reaches the public, the public scramble for their phones, and then you see the price move.
Hope this helps someway! And good luck in your forex ventures
Hi there!
I am newbie here on this Forum and I am newbie at Forex. Looking for some advice and useful information about forex trading.
My friend making good money by trading but does not share his secrets with me =(
I hope I’ll find out everything by myself with your help on this Forum