Hi, new to babypips from UK

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Hi, i am Adrian and live in UK, have been trading in forex for a few months, have been learning the hard way, trading during the election in USD pairs needs nerves of steel :grimacing: glad to have found this site with its beginners guide to trading, will run through it several times, thank you in advance to the organisers and admin in their good work on creating and running this very helpful site,
many thanks, Adrian.

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Whoa. Very brave of you to do that! Are you trading live? Good luck!!! I hope your trades are currently doing well!

And welcome to BabyPips! We have lots of helpful and friendly members around here.

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Hi Ananais, yeh, live account, well you only live once, lol, thank you, hope your trading goes well to, Adrian.

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Brave indeed. Were you mostly long or short the dollar?

Btw, not sure if you’ve checked this out (a shameless plug), but we also have MarketMilk™, a tool you can use to check how currency pairs are performing. Here’s one for USD pairs. You can select Normalize in the Settings section on the lower left hand of the screen so that the base currency for all the pairs here will use USD!

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Hi Adrian their is more to trading their is also Fundemental anlysis which takes into account news coming from countries that could significantly affect such currencies so it would be wise to avoid such pairs

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Before entering trades it would be wise to check Forex Factory

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Hi, thank you for your reply trader1970, i understand there is more to trading than just gambling, and i am trying to learn the easiest ways to find the fundamental analysis information, at the moment i use sites like bloomberg and fx news, but the longer i day trade hopefully i research my trades with more efficiency, plus there is technical analysis to master, but i happened to be on last night looking for trades and when asian session started trading dollar strength went as high as i had ever seen it, so i just had to scalp the currencies :smiley:

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forex factory, i didnt know about that site, so thank you so much for that information, regards, Adrian.

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Hi Ananais, i went long and short on the 6 majors as the dollar had half hour of strength when asian session started last night, i had not seen a currency go up so fast, it went from 3 on currency heatwave straight up to 9, for half hour, then went straight back down to 3, you can see it on todays timeframe on all USD currencies :grinning:

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Important to is to fully grasp Support and Resistance lines and try for starters to understand two or three indicators and you will begin to see some success but keep in mind that not all indicators work for all the kinds of markets

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i am using fib to help with my support and resistance lines, i also draw my own in to see if they line up with the fib lines, the only thing i lack is the confidence that my fib retracement lines line up where they should and that i have placed the fib on the right swing highs and swing lows, but thats something that will come the longer i trade, regards, Adrian.

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i also like the rsi indicator with 10, 20, 30, 40, 50 and 60 sma indicators, i have found success with trading over the 70 and under 30 rsi indicator on the 1 and 4 hour timeframe and the sma lines spread nicely :grinning: