Buying Techniques

I have started practising on my demo account. As of now i buy and sell currencies blindly without any analysis. Please let me what factors should i consider before i buy or sell a currency. Also let me know how to choose the best currency pair, as i get confused which pair to trade, given the options available.

                  Thanking You

Go through the school:)

Dear Prakash,

Welcome to forex! Unfotunatelly I have to say people can’t advise you much on such things, because on forex, everyone has to make their own path. But I have some suggestions for you:

Firstly, stop trading blindly. The only advantage of that is that you get used to your platform, but after you do that it becomes waste of time.
Second, if you haven’t went threw school of pipsology- do that. It will make everything more clear, and you will also learn a simple strategy at the end of it.
And third thing to do after school of pipsology- to start studying, testing different strategies and searching what works works for you and suits your personality.

I also noticed that you called this thread “Buying Techniques”. [B]Don’t do that![/B] In some time you will see that in forex you can find all goods just for [B]free[/B] :slight_smile:

Thats all I wanted to say for now, hope that helps.

Thank you, Albinas :slight_smile:

Hi Prakash
STOP WHAT YOU ARE DOING NOW
At best you are gambeling. Trading forex is a nobel proffession, take some time and learn the craft. This thread is here to help but you really have to help your self. Do the school and come back, but [B]stop trading your demo now [/B] as you will instill bad habits before you begin
best regards

hi Prakash,

i agree with knockneerebel…u need to stop from what r u doing now…
the best way, start from the beginning in this school of pipsology…
u will gain a lot of infos and idea on how to become a true trader…
there is no such an easy ways to succeed…