i’m new in forex trading, and have lost $500 dolar in less than a week.
one of my friend said its better look for forecast information first before im starting to play forex. BUT, the question is, where i can get the ACCURATE forecasting for forex??? i try to search many website, but they ask me to pay for the information.
if anyone of you know where i can get accurate forex forecasting, share with us please…
You can’t. You won’t find anyone forecast accurately on a consistent basis. But then you don’t need to forecast anything to trade profitably. In fact, trying to do so probably works against you.
If you want to trade your own account then my advice would be to put your live trading on hold until you learn the market and have confidence enough to make your own trading decisions.
I say this as I believe that if you don’t have a solid understanding of the fundamentals of trading and of the forex market then the best forecasting service in the world is not going to make you profitable as what you do once you are in a trade and how well you manage your losses is 90% of trading. Thats just my opinion of course. Best of luck.
-fxtrader1979
The smartest thing you can do for yourself right now is to stop trading live (as fxtrader1979 said), and go through the free Babypips school.
Once you’ve done that, then you’ll be able to understand the Forex market a lot better and maybe you won’t lose another $500 next week.
Or, at least, you’ll have a better idea of why you lost the other $500.
Sorry but you are insane to put real money into this business when you dont know the first thing about it, or else incredibly arrogant or very naive. What kind of a question is asking for an accurate forecast of the market. Do you think the same can also happen with stocks, commodities etc? I dont mean to be harsh but if you dont stop immediately you are going to lose a whole lot more. This is NOT an easy road to riches. Forecasting services do exist and they are about as accurate as those doing the same for the stock market. Do yourself a favour and get an education starting at bpips school
Actually i’ve heard about some kind of “forex radar”, so they will give us some kind of signal of when to buy and when to say…but i’ve never try that kind of things before…
do anyone have try this kind of software??? is that reliable??