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Good Free Forex Analysis Site?

  • Post# 1
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  • First Post: Nov 19, 2008 1:09pm
  • Puddinlover
    Joined Oct 2008 | 11 Posts | Status: Member
Was wondering if anyone knew of a nice free/cheap site that offered a nice little forex Analysis type program. Like dailyfx has there forex Analysis program and it shows you the trend and what not. thanks (I'm asking because I lost everything within 24 hours haha... I lost all the money I deposited to start forex so before I try at it again I wanna be prepared.)
  • Post# 2
  • Quote
  • Nov 19, 2008 1:11pm
  • Ronald Raygun
    Joined Jul 2007 | 4,248 Posts | Status: 22 y/o Investor/Trader/Programmer
Build your own market intuition. Don't rely on what some website tells you.

That's my 2 cents.
  • Post# 3
  • Quote
  • Nov 19, 2008 1:20pm
  • Puddinlover
    Joined Oct 2008 | 11 Posts | Status: Member
Quoting Ronald Raygun
Build your own market intuition. Don't rely on what some website tells you.

That's my 2 cents.
Well I was trading demo GREAT but I just started live yesterday using what I looked for previously and I couldn't profit if my life depended on it. also too with nice trends and indicators i think it would help with my desecions wouldn't be my sole factor.
  • Post# 4
  • Quote
  • Nov 19, 2008 1:33pm
  • Ronald Raygun
    Joined Jul 2007 | 4,248 Posts | Status: 22 y/o Investor/Trader/Programmer
Ignore all that hype for various systems. Remember--for now--this one fundamental rule: The exit is more important than the entry.

With that in mind, I want you to do the following on a demo account:

1) Toss a coin: Heads long, Tails short
2) Manage the trade as you see fit. If you think the trade is bad, exit.
3) When you exit a trade, go back to step 1.

If you can double your account in less than 50 flips, I consider you a good enough trader to go live. I personally average between 20 and 30 flips, and I do it once a week, on the weekends, trading simulated data.


Try it. It helps, LOADS.
  • Post# 5
  • Quote
  • Nov 19, 2008 7:11pm
  • tommyd
    Joined Jun 2008 | 685 Posts | Status: Onward thru the fog
Quoting Ronald Raygun
Ignore all that hype for various systems. Remember--for now--this one fundamental rule: The exit is more important than the entry.

With that in mind, I want you to do the following on a demo account:...

That's pretty interesting.....
  • Post# 6
  • Quote
  • Nov 19, 2008 8:24pm
  • Puddinlover
    Joined Oct 2008 | 11 Posts | Status: Member
I will try that raygun thanks but I'm looking for something that will atleast give me an idea of where the trend is ya know
  • Post# 7
  • Quote
  • Nov 19, 2008 10:25pm
  • Ronald Raygun
    Joined Jul 2007 | 4,248 Posts | Status: 22 y/o Investor/Trader/Programmer
http://www.forexfactory.com/showpost...38&postcount=3
  • Post# 8
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  • Nov 19, 2008 11:27pm
  • Puddinlover
    Joined Oct 2008 | 11 Posts | Status: Member
you really are a do it yourself kinda guy raygun ^^
  • Post# 9
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  • Nov 20, 2008 11:58am
  • Ronald Raygun
    Joined Jul 2007 | 4,248 Posts | Status: 22 y/o Investor/Trader/Programmer
No need to complicate things.

If you don't know where the trend is, take Jacko's advice: Show it to a 5 year old.
  • Post# 10
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  • Nov 20, 2008 1:17pm
  • highway
    Joined Sep 2005 | 891 Posts | Status: Hibbiz Trading
You can try this - BUT - learn from how they do it - NOT - take their analysis and just accept it !!!!!

http://www.actionforex.com/technical...2008100863395/

And NEVER give your email away
Hibbiz
  • Post# 11
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  • Last Post: Nov 20, 2008 2:04pm
  • TJPLD
    Joined Jan 2008 | 2,104 Posts | Status: Inertial Member
Quoting Puddinlover
Was wondering if anyone knew of a nice free/cheap site that offered a nice little forex Analysis type program. Like dailyfx has there forex Analysis program and it shows you the trend and what not. thanks (I'm asking because I lost everything within 24 hours haha... I lost all the money I deposited to start forex so before I try at it again I wanna be prepared.)
You are approching this whole forex thing wrong.
It seems to me like you just read a "How to be a brain surgeon in less than 20 Minutes" Book. Now your first patient is dead after after hitting him on the head with a hammer you ask yourself. What the hell did I do wrong? That sh*t is to supposed to be simple! Man I read that book! It says do this and that and you will make money.
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