Hello,
I recently gained serious interest in Forex (within the last year), and have opened a demo account with Oanda.
I will eventually log my trades on this thread, and will eventually trade live.
Please feel free to suggest any recommended material to read. Also, please feel free to post any advice for beginners such as, what to read, what not to waste time on, and when to jump in or jump ship.
Lastly, I am wanting this journal to become a helping guides to others like myself. I know there are several others on this forum, but one more should not hurt.
Thank you,
KK
______________________________________________________________________________________________________________________________________
I opened a demo account with MB Trading. I might use them for a live account when that time comes....when I am ready and proven myself on my demo account!
After I started this journal, I went out and got some basic couple lessons from PeterFM on PS&R trading. This opened my eyes a bit on how to draw P&SR's and differentiate on which do and don't matter.
Next, I continue to read James16 thread and Strat's thread to figure out my trading style and edge.
Currently, I am still reading and will begin my demo with a trading plan. A very simple one I have yet to write but it is in my mind. (I know I know, I have to write it down )
I feel so clustered with the amount of material I feel like I need to read and re-read but I also feel pulled to start my demo trading and have a urgent need to get more screen time.
Anyway, enough rambling. My trading style is technical ( at least I think so, I might be trading funny-mentals and not even know it):
I will trade in the direction of the MONTHLY trend ONLY with keeping the WEEKLY trend in mind. - Strat's material
I will trade off P&SR's (round numbers inline with P&SR's) - PeterFM's material
I will trigger my trades based on Price Action such as Pin Bars, Inside Bars, BUOB, BEOB, DBHLC, DBLHC. - James16 material
I will avoid weekend trades and news days.
Thanks,
KK
I recently gained serious interest in Forex (within the last year), and have opened a demo account with Oanda.
I will eventually log my trades on this thread, and will eventually trade live.
Please feel free to suggest any recommended material to read. Also, please feel free to post any advice for beginners such as, what to read, what not to waste time on, and when to jump in or jump ship.
Lastly, I am wanting this journal to become a helping guides to others like myself. I know there are several others on this forum, but one more should not hurt.
Thank you,
KK
______________________________________________________________________________________________________________________________________
I opened a demo account with MB Trading. I might use them for a live account when that time comes....when I am ready and proven myself on my demo account!
After I started this journal, I went out and got some basic couple lessons from PeterFM on PS&R trading. This opened my eyes a bit on how to draw P&SR's and differentiate on which do and don't matter.
Next, I continue to read James16 thread and Strat's thread to figure out my trading style and edge.
Currently, I am still reading and will begin my demo with a trading plan. A very simple one I have yet to write but it is in my mind. (I know I know, I have to write it down )
I feel so clustered with the amount of material I feel like I need to read and re-read but I also feel pulled to start my demo trading and have a urgent need to get more screen time.
Anyway, enough rambling. My trading style is technical ( at least I think so, I might be trading funny-mentals and not even know it):
I will trade in the direction of the MONTHLY trend ONLY with keeping the WEEKLY trend in mind. - Strat's material
I will trade off P&SR's (round numbers inline with P&SR's) - PeterFM's material
I will trigger my trades based on Price Action such as Pin Bars, Inside Bars, BUOB, BEOB, DBHLC, DBLHC. - James16 material
I will avoid weekend trades and news days.
Thanks,
KK