A newbie

Hi there.
I've been following this thread for quite a while,but still I think I've got a lot of things to learn b4 calling myself a trader. I've tried on the live account with a small amount of capital but I burnt my fingers.Since then I am extra careful to bank in another capital.Well, learning from this thread will give me a good start I hope.Thanks to the 'sifus' that gave good advices.Anyway ,I hope to be a good trader one day coz I believe that Rome is not built in one day

There is a lot to study and a lot to practice, welcome and good luck DollarHunter.

I agree!

at least you experienced and that way, you are able to be extra careful and you would learn a lot as you go along..

Best of luck!

You should strongly consider taking a forex course or two. The majority of traders that lose their accounts are those that have no training with the forex. Many people assume that by coming to this site that they can get enough info to learn about the forex and start trading which is so far from the truth.

Good Luck

Though I think it can be done in some cases, I'm with WHTenn on this one. A solid foundation of forex education will give you the knowledge to atleast know the area's you are weak in and allow you to come here and strengthen those area's. Without that foundation you are going to spend a majority of your time hopping between possibly benefitial threads without getting the full benefit from them.

Look for a solid forex course, study whatever method they teach you and build up some chart hours (Like flight hours for a pilot). Once you feel comfortable that you can shield yourself from threads on here that could throw you off course, come back and start to modify area's of whatever system you are trading that you feel don't work for you. Every trader must find a system that works for them, plenty of people have profitable systems but that doesn't mean anyone can duplicate that system. Slowly build your knowledge base and psycology as a trader into a profitable system.


Step eleventeen: Retire.

Absolutely Ven and WH...

One more thing. READ until your eyes bleed... Then read some more.

One of the things that i have seen all to often, especially with techies, is that they never read the rationale behind the indicators. Get the book, by the system creator and study it

Just my 1/2 cents worth

Happy Holidays

Lawrence a.k.a The Bear

By learning from a course you'll learn your material in the proper sequence and if it's a good course the info will be correct. Then you can study here and be better able to tell the good from the bad.
Learning things in lesson form is usually quicker and easier than sifting through mountains of information on your own. After you do a course or two you'll be able to come here and shake the real gems loose from the less reliable stuff.

All the best,
Bill