Hi I’m a newbie here. And I want to become a good trader. Help me out please.
Best thing you can do is start with the Babypips school. It’ll teach you everything you need to know for the basics. Then hit the Free Trading Systems subforum to find a system that works for you. I highly recommend using an already established strategy because then you have people you can talk to or bounce questions off of who have already walked your path. It’s very difficult to develop a good strategy being a novice on your own because you don’t really understand how things work with each other.
And finding a broker, I usually recommend Oanda(US) or MahiFX(out of US). You can also check out the Forex Brokers subforum for more insight/input/discussion on a variety of brokers. There is plenty of discussion available on the subject matter.
Ive been studying forex for a month now. But i still have to learn alot. Have you heard about binary options?
I’ve heard about them but I don’t know much about them. There are other traders that deal with them more extensively on the forums. I would hit the search function and look for some threads. I’m sure there are some around.
Thank you! mind if i know your strategy in Forex? I’ve been trading Eur/Usd for a month using Stochasic, Bollinger Bands, and MACD. But as far as my trade is concern I’m a losing a lot of trades. What seems to be the problem?