Hi all! I’m Nick, a fairly new face in the forex scene. I’ve been studying the basics of trading for a few weeks now, and I’d say I’m pretty competent in my understanding of the technical aspects of Forex.
I have basic understanding of trendlines, resistance and support lines, major candlestick patterns (Engulfing, Hammer/Shooting Stars, Doji, Tweezers, Head and Shoulders, etc.), and indicators (stochastic, rsi, moving average)…but, I feel like I need to get a better grasp on how to implement the fundamentals.
I’m here to learn what to look for in terms of fundamentals, how to manage my risk, and basically gain the knowledge I need to get started on a Paper Trading Account.
I’ll continue to go through the entirety of BabyPips’ courses until I feel as though I’ve learned enough to try a demo account on my own.
If anyone thinks they could help, I’m all ears! Would love to hear about some strategies I can research!
Thanks to anyone that took the time to read this lol!
Welcome! Sounds like you’ve already got a good start going.
I actually started on a demo with the simple strategy they touch on towards the end of the course. It helped me become familiar with my trading platform, how markets move, and a better understanding of trading in general to the point I was able to make my own strategy that fit my trading style.
Talking about my personal trading experience, I started with demo trading. Whenever I would learn something new, I would apply it on my demo account. I still have the same habit.
It’s good to know that you are having a good time trading forex. When I started my trading journey, I never did anything on my live account before testing it on my demo account. This gave me the confidence to risk my money and try out different strategies.
