Hi Guys and Girls
I’m Jammy boy ( got that name from when i was in the Royal Navy all those years ago) ( Last name is Hartley…They make Hartley’s Jam in the Uk, Name has Stuck )
At the moment i run my one man Telecoms business but hoping to retire in about 3 years to warmer climates so i need something to do to fill my time in if i get sick of laying on the beach or going down the bars in way on down south Thailand. Would be nice to make a little cash to keep me in beer. I am out of Pre school, Kintergarden and just doing Elementary but not sure where all these FIBONACCI things fit in to the eqaution but i must admit my brain is a bit " frazzled " at the moment, maybe its just the shock of hearing that Alex Ferguson has retired from Man United. Maybe we will see him on Forex soon if he gets bored. cheers Guys
Hi Jammy, I’m another Newbie. I’m just about to start “college” in the Pipology school. My brain was also frazzled at first but I found breaking it down, reading just a little everyday helped me take in more info. I’m then going to read it all again when I’m done to make sure I take it all in
if i get sick of laying on the beach or going down the bars in way on down south Thailand
Are you a regular to Thailand? My wife wife is Thai (we’re living in UK too) and I’m hoping to escape there myself one day. Hopefully Forex will help to make that a reality some day
Hi Jammy,
I’m also from the UK, Cheshire area. Started trading Forex from scratch for what is approaching five years now, I was one of the young ones to get into this game at 19 from home while at University. Ironically I heavily use Fibonacci, but then again i’m a Chelsea fan…lol.
It will take you a while to understand the basics, but if you can roll with the punches you’re already one step ahead.
James
Hi, My wife is from Thailand. We went to her home town in January, down in Bang Saphan (southern Thailand ) I love the place, so laid back and easy. We hope to live in Hua Hin which is clean tourist resort. Hopefully we will make the move in about 3 years when my daughter goes to uni. I went to a customers house who has been on Forex for about 6 years and he is pretty well off now. He said learn everything you can before you start going live. Jammy
My wife is from Thailand. We went to her home town in January, down in Bang Saphan (southern Thailand ) I love the place, so laid back and easy. We hope to live in Hua Hin which is clean tourist resort.
Hi, I haven’t been to Hua Hin yet, but I know its much more popular with the locals than farang. My wife is from Maha Sarakham in Isaan. I love it up north away from the tourist areas, but it’s still nice to get back to civilisation after a while in Isaan. We usually split our trips between her home town & one of the Islands. We eventually plan to have a house in Isaan. Maybe Korat or around Khon Kaen. But we’re a good few years off that.
Hope the Forex learning goes well for you
Cheers
Hi James, Do you think Fibonica is the main tool to use as a trader or is there another good one ?. I am going to start off slow and easy so any good tips would much appreciated. As a Newbie and what i have read this is what i think, only trade when the markets overlap, use your commom sense, dont trade more than you can afford to lose, be almost sure that your prediction is accurate and play the demos for a few months. Which trading site do you use as there are many out there ready to sign us newbies up so they can take there commision. I am willing to pay somebody out there to teach me the basics maybe 1 day or a few hours a week thanks
haha… if someone really volunter to teach bout fx for the coin, then that sign they still not good…
coz even small money from newcomer they eat 
Hi jammy,
Welcome to babypips,I’m from the other side of the Pennines in barnsley.
I have been learning this for a while now with mixed results,and the advice I can share is as follows
Open a demo and firstly just use it to get a feel for how to actually work the platform I.e.what all the buttons do
Then use the demo realistically ,don’t start playing with £100,000 trades ,you WILL win big at some point and think this is easy
As soon as you have a basic grasp of how it works open a live account with £100 AND NO MORE.then treat this money as if it is a £million,if your live account is with oanda you can make very small trades but the emotions of winning and losing £1 will effect the trading decisions you make in a big way.
Do the babypips school thoroughly but don’t think you have to use every tool that it teaches, you really can make this trading lark as simple or as difficult as you like the important thing is that you feel comfortable and understand what and why you are doing what you do.
Babypips is a wealth of knowledge with some real good blokes and girls that will help with almost any thing, Likewise there are some real prks.
Genuine honest trustworthy advice I have found comes from mr Templar ,yunny and bijoy and many others, the bul*it comes in large amounts from a select few,just my opinion.
Take it slowly ,you ain’t gonna get rich quick.
Hi, Thanks for the input, Trying to get used to the buttons on Meta trader4 at the moment, A freind advised me to go with Alpari to start a demo account but i have been trawling through through forums and people say that they have had nothing but problems with them, anyway its just a demo account so not worried about it. Just one though, weather i put in a new order to sell or buy, the frofit line always starts off minus 15 to 20 so you have to make that up before you start, is this usual do you know ? As i say on my thread, still looking for someone to teach the basics, cheers Jammy
Welcome everyone! Just wanted to drop by and say thanks for checking out BabyPips.com to start your learning journey in forex. It’s always wonderful to see real conversations on here!
I just wanted to quickly respond to your Fibonacci tool question. Yes, it’s a great tool, but like any other tool, it only works well when applied to the right situations. You wouldn’t use a hammer to drive in a screw right? For strong trends with pullbacks, Fibonacci retracement tools work very well to identify areas where trend traders would potentially jump in or add to their position. I hope this helps… good luck and good trading!
Your trades will always start of in a negative figure, this is the spread (it varies between pairs & is roughly 1-5pips, it can be considerably higher during important news releases so beware). The spread is how the brokers make they’re mon£y.
And Fibonacci is a great tool, with the demo account that you have, just start applying it to some of the swing highs/lows & see what it does. It’s pretty straightforward really & you’ll grasp it by using it.
As for getting a mentor, that’s just a mine-field. You can learn everything you need to in the BabyPips School, in the Forum (just ask any question & people will strive to answer it), YouTube & other free sites. If you’re adamant about paying someone, make sure that they can provide solid proof that they are a profitable trader & even then, keep your guard up. There’s a lot of scammers about, BP does a great job of trying to protect us from them but they do sometimes slip through the net.