Hello There,
I am completely new to trading but i am prepared to put my time and effort to learn the skills. I have read through most of the lessons in babypips.com and have a good “theoretical” understanding of forex trading. My next step is to open a demo account and practice trading.
However, There are so many strategies and techniques i am totally confused on what to choose. Should i choose the “pivot point strategy” or the “Fibonnacci Retracement Strategy” or “.etc…” . I have no idea where to start.
Can anyone please let me know about any particular simple strategy which i can get started with?..any experiences/successes?
Thank you
Hello,
I have been playing with forex for about 8-9 months.The most informative reading I have came across is
http://forums.babypips.com/free-forex-trading-systems/6632-alternative-technical-templates.html
That is a forum on this site .Check it out,it will give you a very good grasp on price action.That is where you need to begin…Then you will find your own way of (or system so to say) getting into trades and getting out.I am currently playing around with this
http://forums.babypips.com/free-forex-trading-systems/10933-basic-trading-system-bts.html
Check out that site as well.Price action is what your dealing with in forex…That is what the principal of trading is, right?Well Read alternaive technical templates forum and the rest will fall into place…be patiant though rushing things will just make you crumble.