I’ve been a member for a short while and a bit apprehensive to join in as I have very limited knowledge and experience and am still fumbling around in the dark with not much to offer yet. I’m still very new to forex trading and trading as a whole but I’m in it for the long haul and determined to make it work. I am still filtering through a lot of information on how I’d like to trade, times, trading personality and mindset etc so things are a little confusing still.
Any help from anyone would be greatly appreciated and I hope that in the future I can be just as helpful to others.
Hello thanks for replying. I have live accounts with ETX and FXCM because I decided the demo account would either give me false hopes or I’d never get into live trading. The fxcm microlot account lets me trade pennies per pip rather than £s and it’s a good way to learn how to be consistent with money management and creating a trading plan while not risking large amounts.
Hello Barret
Are you also new to trading? I am finding there’s so much information out there on trading psychology and also on techniques and strategies that’s it’s taking a long time to filter through out the relevant bits. Knowing a bit too much about some things has made me second guess myself at times so my trading plan has suffered. Have you experienced this?
Hello, Del5000. I am staphy, is a newbie to forex also. I have been traded with demo account and have same thought with you that it giving a false hope. So, I started my real trading micro lot account on last month. And now, I feel more dedicated to forex cause it using real money, if not, I wouldn’t have the motivation to know what’s going on forex. Haha…so, let’s cheers!!!
I agree with Yunny; support/resistance and price action (interpreting raw price) will take you long ways.
There’s a great price action thread going on at 301 Moved Permanently , you’re very welcome to check it out and throw up some chart/trade ideas of your own.
venturing to the world of forex will open seas and oceans of many many things, whenever you get lost always remember to go back to the basics, that will serve as your compass and best of luck… S&R and price auction never fails, stick to them and try to master them, it works wonders
Welcome to the board, Del5000, you can enjoy your off market time here in babypips.
I believe you had already in live trading. you can share some stories with us.