Hi I’d like to introduce myself once again as I registered before and couldn’t find any of my information. I read about half way through the babypips school about a year ago and gave forex a try and wasn’t too successful so I’d like to try again slowly and with the help of the community hopefully I can learn to maintain myself in the markets. I’m particularly interested in trading USD/JPY since its most accessible to as I work days and afternoons, on my days off I’d like to trade USD/CAD, USD/NZD, and USD/EUR. I’m also interested in USD/CNY so any help with these is most welcome and as I learn I am more than willing to help others as well.
I felt I couldn’t keep up with the market and I had trouble identifying the simplest trading patterns taught here. Also my timing was pretty bad with entry and exit and I couldn’t really find a combination of indicators that worked for me consistently; I didn’t really ever have trouble with obeying the 2-4% rule if that’s the correct risk per trade I can barely remember; I followed that part pretty well though. I want to trade the USD/JPY because I know I’ll be home from work during those hours at least by 1:30am EST. The others are for my off days and I’ve read that EUR/USD is what you usually learn first. I notice I tend to make a mess of the stuff I do before I learn to make it better and this is a habit I’m trying to learn to offset. Starting stopping, timing entry and exit and simple patterns are my weaknesses; the basics you might say kinda like Forrest Gump; not quite but similar.
Hi, just try to relax and dont be scared of making a trade. Always trade with the trend (“Trend is your friend”), not against it. Try to spot where the nearest support and resistance lines are, it will help you a lot in deciding entry/exit point. Observe when big new are coming for some currency, and trade only after the news came out, because during the news market can be very volatile. And of course, read some books depending what you want to learn.
