It’s been 2 weeks since I graduated from the babypips school. I keep on back reading my notes every now and then so that I could not forget what I learned. I back tested my own trading system and record manually every time my system keeps hitting my system rules. So far, so good. But now I’ve been thinking what will be my next move. I am confused where to start. I would really appreciate guys if you can give me an advice on how you start off your day of trading. This will be a great help for a newbie like me. Thanks a lot.
Sign up to babypips sister site, MeetPips where you can set out a trading plan.
Take a look at other peoples plans first to get a feel for what others are doing right/wrong.
Good luck!
Thank you for your advice I’ll signup to that site so I can gain more knowledge. I hope I can get more advice and suggestion from our gurus here in babypips. The more the merrier. Thanks again guys!
Just be careful here- Seasonality effects will change market environments. So, what works for your “2 month demo period” may not work Q2 / Q3 / Q4 of 2015…
The best thing IMO, is to learn to read price action- primarily who is in control, and when they are starting to lose control.
Understanding “order flow” is the key to trading in ANY type of market environment.
Oh i see. Thanks again for the tip Mr. Forexunlimited. When you say price action, that’s more on looking with charts, and candlesticks? And also what is order flow? I would really appreciate sir if you could share a bit of what you’ve mention. I really love to learn about trading. Thanks again.
Price Action
Order Flow Analysis
Supply and Demand trading
Chris Capre runs a great thread on this forum- check out his stuff.
The base of all his trading is impulsive vs. corrective market moves. This is order flow analysis.
Thank you forexunlimited for your input. I am quite fascinated with the price action strategy. And now I am interested to gain more knowledge from it. Thanks again.
Thanks again guys!