I’m new, I have been researching Forex for a while now because I’m tired of my day job. I’m 28yrs old and I’m a graphic designer. I have seen a lot of potential in the market and people earning a good income that will take years to earn at my current rate. So thats why I’m here, to learn the basics and how to make a profit with a small investment at first.
I have two demo accounts, Oanda & FXCM. I’m just not sure how to ‘read’ and understand what I see on my screen. Can anyone walk me through it? (See screenshots)
Also, For awhile I have known about this company called Infinite Prosperity that teaches how to Trade and assures that you will make some kind of profit when you live trade. I have seen posts of them potentially been a scam, but they do show some proofs of their students earning a profit, and its hard to argue with that.
What do you guys think? Should I ever pay to learn? Cause thats basically what they charge for, they don’t even provide their software because everyone has access to it anyways, FXCM, etc.
Another company I found just recently is called WARD THREE ASSOCIATES, they also teach at a price of $300 one time fee. They don’t have different levels like IP does. I can’t post links here yet so google moisesmoncibaez/forex and tell me what you guys think.
I was the one who just stumble on his Facebook page showing screenshots of his earnings and of course his Lambo and wanted more information and we set up a call. He says he has been trading since October 2014.
I would like to know if it’s worth paying this much to learn to trade or can I just learn through Babypips? It’s hard not to consider to join these sites at a fee when you see proof of other members earning a profit.
I am a newbie trainer. I am sure you have heard this lots of time))) you have good texts there. What the site lacks is the practice. I mean, I am learning fibs, waves, doing swings history runs in Forex Tester. It would be awesome, if you had the task like that:
Go to Forex Tester. Look at dailies from 2010. Identify all the opportunies to use fibs extensions. Use them, get some results.
Then you can download some file (or just see the images on the site). You can compare your results with what we have.
I guess it’ll be a great motivation just to practice fibs, you know.
The same for waves, swings, trend lines, two kinds of levels.
it would be great if you had this sort of assignment for m5 scalping, so that a newbie can go do some scalping, then see how you think it should’ve been done.
Naturally, you can see the history to the right - not doing the same stuff. What’s important is just having a benchmark.
I for instance haven’t gotten around to just getting some fibs grids into Mt4, coz it seems that i just don’t have them, but saw good illustration of the use of those grids in a webinar.