Hi,
I'm very new to forex, started a demo account (Accidentally bought 500k of euro/usd and made $3,000 on my first trade ).
I don't expect to make that kind of money consistantly because I'll be starting with just £300-£500.
I'll probably demo trade for about a month to 2 months before I go live, as long as I'm doing well.
Anyway, enough about me
There are a lot of indicators that can be used, and I'd like to know what your favourite/most successful indicators are and their relevance.
Also (A bit off topic) what news sources do you go to to look for things that will effect a currency.
This forum certainly looks like a good place to learn more, and I'll probably have a lot of questions, I hope you can put up with me
Oh almost forgot to ask, do you use any indicator software to alert you in some way to a possibly profitable trade? If so which one.
thanks
I'm very new to forex, started a demo account (Accidentally bought 500k of euro/usd and made $3,000 on my first trade ).
I don't expect to make that kind of money consistantly because I'll be starting with just £300-£500.
I'll probably demo trade for about a month to 2 months before I go live, as long as I'm doing well.
Anyway, enough about me
There are a lot of indicators that can be used, and I'd like to know what your favourite/most successful indicators are and their relevance.
Also (A bit off topic) what news sources do you go to to look for things that will effect a currency.
This forum certainly looks like a good place to learn more, and I'll probably have a lot of questions, I hope you can put up with me
Oh almost forgot to ask, do you use any indicator software to alert you in some way to a possibly profitable trade? If so which one.
thanks