Hello all,
After a long wait finally I thought of creating a thread so I may help newbies to get their initial trading experience valuable using a visual aide such as a couple of indicators that help read the market price action.
Indicators are tools (aides) developed to capture market price actions in different ways. Markets are unpredictable and these tools will help us to read a story behind the market in the present movement and what has happened in the past. While using these past and present movements of price actions into account the tools may somewhat give an opinion of the price action and its biasness of a short term future. Nevertheless, keep in mind that past actions are not good predictors of the future action with certainty, yet, we have an equal chance to explore any biasness that might highlight within the tools and turn it to a profitable trade wisely.
In this thread I have no intention to show a beginner the basics of Forex Trading but to compile some tools in a template so they can learn to trade using 'what they see' within the tools and I would call it a 'Visual Trading System'. Therefore, any newbie please make sure that you know the fundamentals of Forex trading before using these templates and tools. The best way to strengthen your trading enthusiasm is to read, read and nothing but read on 'how to become a Forex Trader'. Once you are thorough with those so called theories from the past traders who will share their invaluable experience then you may start practicing what you learnt using a demo account. Success will follow later once you get a good grip of what you do.
www.BabyPips.com can be a good starting point for you.
Also I need to thank all the contributors who upload these tools (indicators) time to time in various platforms for me to use in this thread.
Further I kindly expect others not to use this thread as a dumping ground to show ones own templates and indicators whereas they may create their own thread to show those instead.
I will upload a template soon so you may use it as you wish.
Happy trading to you all.
After a long wait finally I thought of creating a thread so I may help newbies to get their initial trading experience valuable using a visual aide such as a couple of indicators that help read the market price action.
Indicators are tools (aides) developed to capture market price actions in different ways. Markets are unpredictable and these tools will help us to read a story behind the market in the present movement and what has happened in the past. While using these past and present movements of price actions into account the tools may somewhat give an opinion of the price action and its biasness of a short term future. Nevertheless, keep in mind that past actions are not good predictors of the future action with certainty, yet, we have an equal chance to explore any biasness that might highlight within the tools and turn it to a profitable trade wisely.
In this thread I have no intention to show a beginner the basics of Forex Trading but to compile some tools in a template so they can learn to trade using 'what they see' within the tools and I would call it a 'Visual Trading System'. Therefore, any newbie please make sure that you know the fundamentals of Forex trading before using these templates and tools. The best way to strengthen your trading enthusiasm is to read, read and nothing but read on 'how to become a Forex Trader'. Once you are thorough with those so called theories from the past traders who will share their invaluable experience then you may start practicing what you learnt using a demo account. Success will follow later once you get a good grip of what you do.
www.BabyPips.com can be a good starting point for you.
Also I need to thank all the contributors who upload these tools (indicators) time to time in various platforms for me to use in this thread.
Further I kindly expect others not to use this thread as a dumping ground to show ones own templates and indicators whereas they may create their own thread to show those instead.
I will upload a template soon so you may use it as you wish.
Happy trading to you all.