Hi guys,
I am pretty new in this forex trading.
Anyway, I have read up on the babypips school a few times and got hold of some fundamental read-up materials. question is, where should i go on from here now? should i be good in both technical and fundamental analysis?
i know it will be a long way before i can do a trade with real money. Please enlighten me.
thanking in advance.
Hi guys!
Can someone explain to me the fundamentals of forex trading. My friend told me about it and i never understood a thing. LOL
Please. It will be a big help! Thank you.!
The basics are all covered in the school section here, I’m on my third run through and there’s still some stuff to sink in properly.
You can get some books like the ones in this thread here:
http://forums.babypips.com/newbie-island/29539-good-literature-beginner.html
I’m just finishing “day trading & swing trading the currency markets” by Kathy Lien, I’ll read it again as soon as I’ve finished this run through but second time take notes and put some of the techniques into practical application.
How you trade (ie technicals vs fundamentals or both which I’ve seen referred to as “dynamnics”) is up to you as there are many approaches and styles. You will find loads of systems on this forum and plenty of fundamental info in the form of daily roundups and updates. Read the blogs on the front page as well.
If you fininshed the school of pips and want to get started I’d suggest finding a system to trade to and practice just trading to a system and good money management and see if you can grow a demo account steadily and consistently.
Also join meetpips.com and journal all your trades - you can see other people’s trades and systems on there as well which is really helpful.
Enjoy! 
I find it also takes time to build up the experience. You need to follow a currency for a long enough time, learning it’s indicators, experiencing it’s ups and downs for a while.
This all takes time. I try to do about a hour a day of learning something new, being it a few indicators for a country, or reviewing the pipsology school grades again.
It does pays to be patient on trading. Read all articles at babypips school and understand it by heart. If you encounter a problem along the way, go and read the articles again for reference.
It is always good to check the news if you wish to trade using fundamentals. Also sticking to one currency pair should help so you can learn what reports does affect it.
You can check the news calendars to know when there will be any important report that can move the prices.