Hello I cant find the 'introduce yourself station" so i’m here. My name is Miguel and I am a newcomer in the investment world, I am here to learn Forex with high hopes of becoming very highly successful at it. 1rst request will be can any one here guide me to a great financial forum where finances (banking, ira, etc EVERYTHING) are maturely and seriously discussed? I find it can be a supplement to my membership here. i have searched the net but decided to ask here anyways because some may already know the good ones to go to. On a personal note i have many interests that may interest you such as (to name a few, name anything and 90% chances i like something related to that field I promise! ask me if you dare! :D) chess, bonsai, physics, art, giant/various/venomous snake keeping, so as in lizards and arachnids also haha! I look forward to healthy friendly conversations with many of u, please be patient with me when getting back at the topics cuz it can take a while with me for I am juggling time as good as i can. I havent graduated the pipschology school yet but i will be there soon. Again it’s nice to be here
Miguel
Hi Miguel and welcome to the world of Forex.
I hope you have packet for a long journey of learning, investment is not a easily gained skill nor quick one to master. But its a skill well worth learning for the rewards are juicy indeed!
Anyhows, you have come to a great place to learn. Babypips is a site i regular refer to and still looks back on with great respect. Your first steps will be well assisted if you take what teachings you can from this site.
Other sites I would recommend that I often use in my trading is fxstreet.com and forexfactory.com. Fxstreet is good for economics news, some fundamental and technical analysis as well as a bunch of other goodies. Forexfactory is for all your forum needs, but its like any other forum… full of junk, ramblings and crazy trading methods. So be careful there (or any other forum site for that matter…).
And lastly I could recommend a bunch of books to read and the as well, but that would be overkill in the initial stages. Keep it simple and get familiar with the idea of investing before digging to deep.
Happy adventures in piplands, and beware of the dragon. You’ll be surprised to find the biggest opposition is actually yourself in this game 
Quick addum… noticed I am still considered a newbie for only posting 17 or so posts here but Ive been trading live since 2007 so the term ‘newbie’ could be a tad misleading hehe
Why thanks for the response! 
with the other forex sites that u recommended would u consider them as pure financial sources as well? I mean i was looking for something of just pure financial forum but hey thanks!
I’ve been given advice before that forex (if practiced with the right knowledge) is the most profitable type of investment out there?! when compared to others such as stocks, etc. Forex is the “big dog” would u care to input on this and any else please share your thoughts with me. Im not sure if the famous “2 trillion is traded daily in Forex” is so true not to say its false. But if indeed true then is it right to say that the potential is ever present but no 1 has mastered it yet? (kinda like those math formulas smarties pound on for decades) If 1 can master even just 1% of the market they can be like the world’s richest like unseen before. Yeah the idea is exiting to me.
Funny thing about traders, they are (mostly) lone wolves…
We know that over 90% of all traders fail to make it, but what about the other 10%?
Id guess like 5-8% muddles through and makes a decent living while the other (2-5%) make a rather nice living (read: killing).
So a rethoric question would be; who do you thinkg writes all those books, hold those over expensive seminars and ramble on forums all day? Something tells me its not the top 2-5%… so that leaves us two other options
Err so what im getting at is that there could be some ‘pure’ financial forums/sites, but you should be very carefull to follow those advice blindly.
Forex being the big dog and potential ‘I WIN’ button? Maybe, maybe not. Its a finacial instrument like anything else out there. I use it mainly for a secondary income, cant imagine doing this for the rest of my life. But a, potential, faster way out of the rat race non the less.
A tip for last, read up on macroeconomics and get an understanding what makes the world tick. Get familliar with the different national banks websites (like Bank of Englands bankofengland.co.uk amongst others) and you start to see the real picture.
Best o luck!
thanks for your input, seems like you are the only one answering me every one is veeery busy but if u can still give sometime to my probably dumb sounding newb questions compared to example stock options where does Forex definitely stand? more technical description the better just wanna get the feeling for this. thanks again if you can spare the time for me
You could always not bother with the hard and difficult, and save yourself years of hassle and go straight for this simple approach that I use.
http://forums.babypips.com/bugs-suggestions/33214-vouching-system-4.html#post181587
Im not too much in the strategic knowledge as of now but is your technique a good profit flow? 
Sort of 50% a month is a good month, it just depends on the market, it’s been lower this year, but the market behaviour is looking more conducive to the profits of the strategy recently, so it could just as easily be a bit more.
But the main benefits for me is the time you have to spend on it, and you don’t have the worries of, will this week be profitably, oops I’ve had 2 losing weeks, 3rd week is going to be stressful, etc.
No stress, a 1 2 3 execution, you don’t have to think, you just practice it until you can do it, a bit like riding a bike kind of thing, or playing space invaders even 
purplepatch what about your stop what kind of a reward to risk are you getting.
One other question wouldn’t it be more profitable to trade EU instead of GU for such a small amount of pips the higher GU spread could easily kill ur strategy.
Could you post a screenshot of ur oanda setup and how you’ve set up the order wndow.
If you could do a video of a demo trade on fxtrade it would be great …v
thx
I could explain why not the EURUSD, but it would take too long and you would probably end up confused and bored, the answer is - this just works, and it’s only when you really get the hang it you realise how effective it is on so many levels.
Actually the USDCHF on this chart is a bit tight, it was on the border between do you show 10s or 5s, and it was 5 really, just a little nuance of the system.
I just have that up, and a BUY order open and a SELL order open for the same number of units and then just do the deed! 
Sounds easy yes! It’s not it takes a bit of getting used to, but the grass really is greener on this side.
There is also a video available, however forum rules forbid me to blatantly advertise this, but look and thee will find