First you have to go Egypt (papyrus, that’s where paper started) then you have to go China to get some paper (thats’ where they used it the most) then you need a pen and ink (China), start from the beginning, don’t start with a ball pen,then squiggly some lines over the paper.
Paper trading: give the squiggly line paper to your little nephew and charge him for it and you are already deep into Forex.
Hope this helped, alternative: start on Babypips school and that will work too, but it takes longer.:eek::eek: I know.
I don’t think Oskar was making fun of you, he was just making a joke…
If you’ve finished the Babypip’s School the next step is to open a demo account and start trading. Look in the “Free Forex Trading Systems” section of the forums, find a system that looks interesting, then start reading about it and demo trading it!
Now Ore just take it with a “grain of salt”. To help you out follow Phil suggestion.
There is something called the NickB trading. I can’t post the link to his site (against the rules) but you even will find in here a lot about his method. Actually Phil follow his method I think to a certain degree. Anyhow put it in google “NickB Forex” search and it will come up.
Look for the link that has also “noob” in it.
There you can learn additionally a lot of trading and you can even get recorded seminars for noobs.
Otherwise follow Phil and open a trading demo account, and read in here in the forum too.
Good Luck and happy prosperous trading. Oskar
I read,
EUR/USA is knocking on the door of the high ground above 1.41, and if we spend a little time consolidating the gains, there might be more. Forget the reason or the explanations for the move, markets often do what they do because they can. Currently trading started at 1.4120, and looking at the chart, there has to be stops above 1.4140. In a report that receives scant attention, US Treasury receipts from economic activity in June of 2009 are estimated to be down in excess of 20%, hardly indicating we are one the cusp of a recovery. With the spend and tax people running Washington, the current mumbles about needing tax revenues will grow to a one hundred decibel din. In my opinion, this is not the path for a quick economic recovery from the former leader of the global economy. Perhaps the world will find a new leader. We have now cleaned out some of the stops and printed the new high on the move. In a holiday shortened week, anything can happen. Failure to hold the gains may result in a reversal day.
Hi Phil, just letting u know I went to the other forum mentioned, the NickB and I am looking forward to learning it, I have been trading for a year now without much significant success, need lots of training and practice!! thanks,
though am new to forex but i must confess that this forum is quite interesting and I cant wait to give my own quota in terms of informing my fellow FX-MEN
Can someone be kind enough to let me know how many posts to go before i reach the next level of recognition ? and what are the number of posts that are required to reach other higher recognitions. At present i am a senior member. I am kind of curious to know.
Kidding aside it’s a challenge to get so many posts, and on their majority regular posters or those with a large number of them are really contributing to the strenght of this site, and making shorter the learning curve to all newbies.
On the other hand I’ve known some really good contributors with few posts but great knowledgment.
So who cares, every post contributes to the strenght of this website.