Eager to learn the basics of forex I have worked my way throughy the school of pipsology… Now feeling fairly confident on the basic forex lingo and its methods I feel ready to take the next step in my learning process but I’m now not sure what to do next…
I’ve been following/reading through bigpippins great blog on the Cowabunga system for a while now and been content with that until recently… If anyone has any suggestions on what direction I could take next in order to learn more on the topic forex, do not hesitate! Post it here!
Demo trade a system through different market conditions. This may take a while as market environments change through out the year, as business cycle changes, and sentiment focus shifts.
This will enable you to learn a system thoroughly and know when to apply the system, when to be rigid or flexabile, or when to stay out if market conditions do not favor your systems probability of success.
Basically, to trade and survive in the markets, you need a skillset to tackle an ever changing environment, and the ability to know when to apply the tools in your toolbox for the right situation.
If you haven’t done so already, put some time in demo trading to get a feel for how things work on the mechanics of it all.
I failed to mention, I have in fact activated a demo trading account and spent some time getting known with it. Though “forex programs” still puts me abit off… So many buttons and indicators! lol:o
follow one proven system and only one , follow it precisly . that will help in your progress alot
Demo trade a system through different market conditions. This may take a while as market environments change through out the year, as business cycle changes, and sentiment focus shifts.
This will enable you to learn a system thoroughly and know when to apply the system, when to be rigid or flexabile, or when to stay out if market conditions do not favor your systems probability of success.
Basically, to trade and survive in the markets, you need a skillset to tackle an ever changing environment, and the ability to know when to apply the tools in your toolbox for the right situation.
Take the time to learn these skills right
That sounds wise. I now only need to develop/find a system to trade… I think in fact I’ll do both… I will adapt a “commonly” used system (perhaps I’ll find something under the “holy grail” section of the forum) and follow that for some months whilst I on the side will try to utilize my system by expermenting around… Praps I’ll hit the jackpot1!
