If you are a newbie, here is my advice: trade only in the direction of the trend, make a weekly and a monthly goal. Once you achieve your goal, then stop trading. Trying to catch everything will lead you to disaster, at least in this first months when you are learning. I´ve been in forex for 2 years, and that is what i can tell you from my experience. Retracements are not recomended for newbies.
Originally Posted by FiatFap
There is only one side to the market; and it is not the
bull side or the bear side, but the right side.