Dear All!
I am totally new here. I wana know does this system really work? Can I make money once I learn this system. How long does it take to learn this system??
what broker I use to strart practice and later to start real??
Please provide your honest opinion.
Many many thanks and regards
My advice to you is to read through the babypips school.
This.
Just practice and absorb all the material that you can. Stay away from paid systems and things like that, instead invest that money in a micro account to trade with (for some practice with real money) and some literature.
Get a demo account with a broker, learn the platform and keep at it.
With due respect it’s mostly a waste of time - go here http://forums.babypips.com/free-forex-trading-systems/21453-1-500-pips-per-month-method-vsa-sr-fibb-etc.html
And here - (not that I is biased) - http://forums.babypips.com/free-forex-trading-systems/33326-complete-cat-mouse-system-money-management.html
Get a demo account and wait until your imagination stops daydreaming of wealth and fame before you get serious and deposit real money. Learning to trade is a process, not an instant gold-mine.
Dear sir,
What you mean by waste of time. Do you mean forex is a waste of time. I had a hope of starting this business to earn some money monthly. I am job less at the moment. Please provide honest opinion.
Many thanks
A lot of the BabyPips school is about indicators which are mostly a waste of time, stick to Fibonacci.
Sir, how long have you been trading. Are you in profits? what demo / real broker i choose to start.
many thanks
Sir do you mean I only stick to fibonacci. Wht about other indicators like parabolic sars, moving averages etc.
I also don’t know how to use fibonacci. what do you recommend how to learn fibonacci.
what broker i use to do demo trading / real trading. thank you
hi sir
does this system really work???
thanks
I would recommend going through the babypips school only to learn the basics of forex if you know very little to begin with. It’s true, most indicators are not useful. they only tell you what price did in the past. Not what it is going to do in the future.
To figure out what price is going to do in the future you have to be a lot more observant.
eventually if you persist long enough you will find something that works for you but it can be a long journey. It’s not quick and easy but then neither is learning any profession is it?
Forex123456 you mention about being jobless (that’s major) when starting out - then we share a similar war story? Its now three years on and I’d 'onestly say there has to be a side-gig going, cant make forex truly full-time from start, I’d ve still been jobless (or on unpaid ‘probation’) most of the first two fx-years. Take it as a justification and means to work less for a boss and longer for your future while not having to go to a regular day job, then try starting some small business(es)… Me typing that wont make the journey easier, nor make holding a real day job less rewarding.
At actionforex.com they have a free ebook (‘Basic Fibonacci trading’, those brief-pdf type) about every way one can use various fibonacci. Would still work if you filter out the ElliotWave but IMO it makes awesome sense when used together.
My journey to consistent profits started with the thread ‘My Basic Chart Analysis Method’ (buried in the holy-grill section in this forum), which got me to ditch ALL indicators for bare price and S+R. Hows that for koolaid - might get one to leave the other profitable systems which use only two indis at a time?
The problem with the small broker firms is they have to give you a raw deal from either or all sides: really crappy platform, or funny spread (& thus price-feed), or drifty agreement. Stick with the majors like Oanda, IBfx, GFT… - tested and tried.
Hi dear!
thanks for your kind thoughts and suggestion. trully appreciated and it has given me a moral booster.
much much appreciated and many many thanks and keep posting…
“dear”, lol
Eer… Ive got no antenae it must be the ears do not adjust your browser settings…
I can be your cyber buddy but dear is a little overfetch dont you think?
i don’t know dear, its just a polite way of speaking to some one else, anyways yes you can be my cyber buddy, i am sending you my details in private message, thanks
Wont mind having you as cyber-friend at all, gave up searching for anyone willing. Watching for pm to land though I doubt you’ll make to send it (tag on your profile reads newB unless that rule changed). Have to run outside for next eight or so hours would love to chat later if you’ll be online.
I do e$, h4 time-frame mostly. Exited long, I’m in limit-short off those great (reversal) bars with a 70p stop bowling for 140p half-position, I think if stops at that location get run my position will be taken out. Happy trading yo, please kill the deer.
i couldn’t send you a message bcz of forum rules but i did send email have you got it. i also send you a friend request
thanks