Hi I’m Forex_72 and I’m financially illiterate and I’m in Canada 
. I’m here because a friend referred the site. Covid19 made me realize what a waste of time having one source of income is. A job is good, but it’s not forever and when it goes your whole life stops. I needed to learn financial literacy and it took a bloody pandemic to get me here! I’m an absolute novice but I love data analysis, watching graphs, reading trends. So not wanting to sound cliche …but still sounding cliche…let the games begin!
welcome. Learn before earning.
Thank you. That is my intention. I am reading the information from the education section. But I am a visual learner therefore some of the information is getting lost in the recesses of my brain because I lose concentration. Are there any video tutorials anywhere?
There’s a lot to learn. Enjoy the journey!
The visual learning is to take a naked chart - zoom out for a picture of the long term trend - seek out recurring patterns, mostly waves, supply and demand zones, and support and resistance areas…Draw trend lines, seek out retracements to trade. It’s a pretty simple strategy that is profitable, because recurring patterns are always there.
Losses are incurred when price action breaks through a resistance level rather then retracing, and then it becomes the new support level. While a breakout of supply and demand zones indicate a new trend direction.
You could also download Ichimoku on your platform, as this is designed to show visual movement. Buy above the cloud and sell below, are the mainstays. It is also profitable when used properly with PSAR setting 0.10 - 0.40 and MACD 3 -10 -16 strength of trend signals. Works best in a trending market, which in the main, occurs once every five days.
Hope that helps.
Forex will give you passive income when you have a huge balance