I am studying and doing the charts but nothing is coming out right. Every time I pick a pair it seems to go the opposite direction as soon as I buy it. Not much to go on but can anyone give any advice to this suffering newbie?
Hey bud, try price action? There are 28 threads on the first page, cant go wrong i guess…
Really need to know what “doing the charts” is?
MA cross, RSI, MACD, Price Action which one?
Yes it’s going in both ways, it’s the struggle between the bears and bulls, but when the movement smoothens out you can see the direction by a formation of a trend.
No need to panic… have little patience and focus on learning first and proper analyse the market before trading. Make a proper trading plan and strategies with good discipline to get positive results from trading.
Like shanza says “no need to panic” before you try anything new, why don’t you do what daydreamer65 suggested and tell us what “doing charts” means. What factors do you consider when you’re deciding where your to make your entry the more specific you can be, the better advice you’ll get. For example don’t just say as soon as I see a reversal, let us know how you come to that conclusion. Also what time frame are you entering on
Thank you for your replies…
I’m using MA cross, RSI, Stochastic. I think I’m not interpreting the indicators correctly. I will keep demo trading till I get it right. I’ll keep studying and trying to develop my own trading strategy that works for me. Point me in the right direction.
Best Regards…
Hello there!Anyway i’m not yet that kind of good in forex can anyone give me some idea about this?Thanks.