Great intro. Welcome!
Welcome to the community, Derek. It doesn’t matter if you take your time reading. There is no rush. You also said that you’re patient and that will come in handy. You’ll need a lot of that as you go through the learning process. Good luck on your fx trading journey.
Thank you @zianfx
I’m going to take my time, make a lot of mistakes on my demo account, and find ways to make it work
I’ll make patience my best friend
Great plan. Just ask away if some things aren’t clear to you.
Here’s another thread with a couple good strategies to try
I’m currently trading then EMA channel strategy by AT.
Hey @samewise thanks for the reply.
I found that stragedy too and I’ve been trying it on EURUSD last couple of days.
Are you using it on the same pair?
How is it working out for you so far?
I’ve actually been trading it across most majors and minors. Just wait for the signal and then do some analysis. I try to stick to EURUSD, GBPUSD, USDJPY and other dollar pairs.
I’m a bit in a rut. I was up close to 40% of my account balance this year, but the last couple weeks haven’t been great. That’s on me though, not the strategy.
Mainly my issue is sometimes jumping in around key levels/resistance and support zones and getting caught the price moving the wrong direction. That’s my SL issue, or actually, not setting the SL right or at all!
More winners than losers, but losers are huge, but again that’s on me.
There’s also a couple other strategies being talked about in there. They’re paid, from some dude called King of Forex or KOF, but they talk about them from a high level.
You can also search on the FF forums too about this guy.