I just thought I would introduce myself and say hello. I am completely new to Forex. I am doing a lot of reading and this site has some great material. Everyone tells me about this system or that method… too much input! I have to sort through it all before I risk real money. For now, I am a virtual sponge, soaking up any info you got. Thanks.
Welcome! you should also try out some demo trading.
Welcome.
See if you can anwer these basic questions to give you a core of understanding.
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What is a pip?
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What is the difference between going “long” and going “short”?
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What is the definition of “equity”? How is it different from cash?
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What is a currency pair?
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What is a spread? How is it related to commission?
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What is a “bucket shop” broker?
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What is price action? What are 2 ways in which it can be represented?
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What is a “news release” ? How does it affect the price action?
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What is a timeframe?
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What is a stop loss?
welcome to this great and helpful community bro. I hope you will enjoy your stay here and will get lot of information about Forex.