Hello people, I�m rather new with this forex market, in fact, I pretty much have had no clue about economy my whole life, but I�ve heard really good things about this business and I�d like to get started, is the forex market a good place to start for an economically clueless person?
Well, your success will be primarily based on your ability to do Technical analysis-so I wont bother about being economically savvy-but yes you need to know about money management.
I Highly Recommend In Reading All You Can Subscribe Yourself To Whatever Newsletter You Wish. Check Out The Free Video In The Websites You Visit. Look At The Companies That Have History In The Market.you Wish. Look At The Review On The Top Currencies Up And Down.check Out The Central Banks, Stay Tune To The News What Is Moving The World Etc… Try Doing Everything Yourself If Anything Ask, But Ask After Burning All Your Resources.
Hope You Success In Your Trade And Good Luck On What Ever Venture You Pursue. Peace
you are on the best LEARNING site known to mouse or man.
you are asking the same question as 233 others today and the answer is YES !
it will take time, and there is simply no substitute
it will take even longer than you think
go to the pips school on this site, read all the posts, especially the newbs questions, so you know what questions to ask, cause you dont know diddly right now, but you will down the road.
knowing anything about the economy is really not much of a help — this is “trading” and not office discussions.
keep at it and sooner or later you shall be a master of the universe, have a trophy wife and mansion, drive aston martins and be the envy of your in laws, and THAT is something to be much desired !
mp
[B][I]Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence – BUT I KNOW WHERE THEY HID THE KEY !![/I][/B]
As far as knowing the fundamentals of an economy, make sure you know these 3 things:
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Did the country just declare war?
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Did an earthquake just devour half of the country’s population?
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Did the country’s unemployment just make a huge change?
That’s about all you need to know about the economy! lol
But, I’m real new, so my knowledge is very small in comparison to my ability to make funny wisecracks.
Potaire
potaire,
THERE, in the proverbial nutshell, is what economists spend years studying at the vast schools of higher education.
WELL SAID !
mp