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Easy trading system for NOOB Like me??

  • #1
  • First Post: Dec 13, 2006 2:50pm Dec 13, 2006 2:50pm
Hi.
I am new here and on Forex. By the way, I was introduce to it via this website by pure chance. I have been reading a lot and get some help from james24 (Vey helpfull member here).
I want to find a free and very easy system to practice. Most of the systems That I see are for people that at least now all the terminology and how to set up these system. For me, everything I see seems impossible to follow.
Does anyboe have any idea of one??
  • #2
  • Dec 13, 2006 3:31pm Dec 13, 2006 3:31pm
Have a look at any of Rob Bookers systems for somewhere to start (http://www.robbooker.com)
You can quit and they won't care, but you will always know.
  • #3
  • Dec 14, 2006 2:29pm Dec 14, 2006 2:29pm
This system looks very easy and also very effective:

http://www.forexfactory.com/forexfor...1&page=1&pp=15
Pip Goes The Weasel
  • #4
  • Dec 15, 2006 7:25am Dec 15, 2006 7:25am
Quoting Akuma99
Have a look at any of Rob Bookers systems for somewhere to start (http://www.robbooker.com)
I checked them out. Very interesting, But I do not have money to buy their system now.
I am mainly looking for something free that I can use to get me started in the foex.
Thank for the info.
  • #5
  • Dec 15, 2006 7:33am Dec 15, 2006 7:33am
Quoting adrazz
This system looks very easy and also very effective:

http://www.forexfactory.com/forexfor...1&page=1&pp=15
Thank you for this information.
I guest I may have to learn what all these terms an numbers means.

Can you please, tell me what "5 Period SMA" and "45 RSI means"? I am sure it is something that have to do with setting in a chart. I am going to go look for the definition as soon as I finish with this reply.

Aslo this one:
"21 Average True Range"

I know these questions sound silly and basic, but I have to know so I will keep asking.
Thank for helping.
  • #6
  • Dec 15, 2006 11:02am Dec 15, 2006 11:02am
I'm rather new at this, too, so I understand how you feel. I was overwhelmed at first, too, with the vast amount of information available.

One thing you should realize is that it will be difficult to practice a system if you don't know what it's supposed to do.

How can you practice something if you don't understand it?

You need to know at least the basics of Forex, such as how the Forex market works, as well as how to analyze it. That way, you'll be able to understand what the systems are doing and why.

I started by reading the free information at forex.com. Take a look. Most brokers have similar free information on their sites.

You can also check out the VanessaFX system discussed at http://www.forexfactory.com/forexfor...ad.php?t=10337 .

It's a simple system and works very well.

You might also want to read two books, both by Dr. Alexander Elder:

Come Into My Trading Room and Trading For A Living.

Both give an excellent basis for Forex trading and some fantastic advice to make you profitable quicker.


Quoting abgcompu
Hi.
I am new here and on Forex. By the way, I was introduce to it via this website by pure chance. I have been reading a lot and get some help from james24 (Vey helpfull member here).
I want to find a free and very easy system to practice. Most of the systems That I see are for people that at least now all the terminology and how to set up these system. For me, everything I see seems impossible to follow.
Does anyboe have any idea of one??
  • #7
  • Jan 3, 2007 9:49am Jan 3, 2007 9:49am
May I suggest that you check out the SRDC method. The first level "SRDC I" is very simple and profitable. We have also started a trading room via "teamspeak" that will allow you to trade live with some of the traders here. First start with reading the threads and the participants there will be glad to answer any questions you may have.
http://www.forexfactory.com/forexfor...ead.php?t=9471

Good Luck
  • #8
  • Jan 3, 2007 11:36am Jan 3, 2007 11:36am
I Agree with traderlismiss,

I've been testing SRDC I e II last weeks in a demo account.
Simple and effective
  • #9
  • Jan 4, 2007 9:17am Jan 4, 2007 9:17am
I am halfway reading this tread. Amazing system for a newb like myself. I am going to download the teamspeak so I can observe the trades.
Thank you very much for all your help.

One issue I am having in understanding how to draw a trendline. I look for information an the subject. I know what it is, but i cannot seems to be able to connect the dots and understanding it on a chart. Please help.



Quoting traderlismiss
May I suggest that you check out the SRDC method. The first level "SRDC I" is very simple and profitable. We have also started a trading room via "teamspeak" that will allow you to trade live with some of the traders here. First start with reading the threads and the participants there will be glad to answer any questions you may have.
http://www.forexfactory.com/forexfor...ead.php?t=9471

Good Luck
  • #10
  • Jan 4, 2007 8:13pm Jan 4, 2007 8:13pm
My favorite trading system thus far has been bago's method with a combination of vegas's 1hr indicator for sell points. You can find out more about bago and vegas in the trading system forum, vegas is a sticky and bago's thread is usually at the top of the forum

Jon
  • #11
  • Jan 10, 2007 9:04pm Jan 10, 2007 9:04pm
Quoting abgcompu
I am halfway reading this tread. Amazing system for a newb like myself. I am going to download the teamspeak so I can observe the trades.
Thank you very much for all your help.

One issue I am having in understanding how to draw a trendline. I look for information an the subject. I know what it is, but i cannot seems to be able to connect the dots and understanding it on a chart. Please help.
abgcompu,

I see that you have become a SRDC Teamspeak regular, PIPS will be flying your way real soon. I hope your questions have been answered, if not, please PM me or ask in the forum. All traders there are willing to help.
  • #12
  • Jan 11, 2007 8:31am Jan 11, 2007 8:31am
Quoting traderlismiss
abgcompu,

I see that you have become a SRDC Teamspeak regular, PIPS will be flying your way real soon. I hope your questions have been answered, if not, please PM me or ask in the forum. All traders there are willing to help.
Hi buddy,
Thank you for the follow up. I realy have not gotten the answer to the trendline question. I will be with some of the SRDC1 members this week hopfully, I will get the answer.
It's amazing how fast I am learning. Everyday After work I cannot wait to get home and start listenning to you guys. The athmosphere and friendly answers are great. I hope this last a very longtime. I am starting to get the SRDC1 concept and I am now learning the platform I will be trading on to make sure I understand it completely. I want to know what I am doing before start demoing the account.

Thanks
  • #13
  • Jan 11, 2007 12:38pm Jan 11, 2007 12:38pm
Quoting abgcompu
Hi.
I am new here and on Forex. By the way, I was introduce to it via this website by pure chance. I have been reading a lot and get some help from james24 (Vey helpfull member here).
I want to find a free and very easy system to practice. Most of the systems That I see are for people that at least now all the terminology and how to set up these system. For me, everything I see seems impossible to follow.
Does anyboe have any idea of one??
This one is simple, you don't need to know about inidicators and can easily be tested: http://www.forexfactory.com/forexfor...ad.php?t=11937
  • #14
  • Jan 12, 2007 9:36am Jan 12, 2007 9:36am
Quoting adrazz
This system looks very easy and also very effective:

http://www.forexfactory.com/forexfor...1&page=1&pp=15
Thanks
  • #15
  • Jan 12, 2007 10:30am Jan 12, 2007 10:30am
Quoting abgcompu
Hi.
I am new here and on Forex. By the way, I was introduce to it via this website by pure chance. I have been reading a lot and get some help from james24 (Vey helpfull member here).
I want to find a free and very easy system to practice. Most of the systems That I see are for people that at least now all the terminology and how to set up these system. For me, everything I see seems impossible to follow.
Does anyboe have any idea of one??
I don't under stand how someone could look for the easy way out and expect to be sucsefull?

If your going to do it might as well do it right.. start from the beging learn terminology ect...
  • #16
  • Jan 12, 2007 10:57am Jan 12, 2007 10:57am
Quoting abgcompu
Hi.
I am new here and on Forex. By the way, I was introduce to it via this website by pure chance. I have been reading a lot and get some help from james24 (Vey helpfull member here).
I want to find a free and very easy system to practice. Most of the systems That I see are for people that at least now all the terminology and how to set up these system. For me, everything I see seems impossible to follow.
Does anyboe have any idea of one??
if its free and easy run like hell. how do you expect to trade if you don't know the in's and out's of forex start from the begining then come up with your own sysytem or mabe copy someone else but with cautions, but please learn the in's and out's first.
If I Go Broke Trying Then I Will die happy.
  • #17
  • Feb 4, 2007 9:05am Feb 4, 2007 9:05am
Quoting In2Blues
I'm rather new at this, too, so I understand how you feel. I was overwhelmed at first, too, with the vast amount of information available.

One thing you should realize is that it will be difficult to practice a system if you don't know what it's supposed to do.

How can you practice something if you don't understand it?

You need to know at least the basics of Forex, such as how the Forex market works, as well as how to analyze it. That way, you'll be able to understand what the systems are doing and why.

I started by reading the free information at forex.com. Take a look. Most brokers have similar free information on their sites.

You can also check out the VanessaFX system discussed at http://www.forexfactory.com/forexfor...ad.php?t=10337 .

It's a simple system and works very well.

You might also want to read two books, both by Dr. Alexander Elder:

Come Into My Trading Room and Trading For A Living.

Both give an excellent basis for Forex trading and some fantastic advice to make you profitable quicker.
Is there and EA for VanessaFX?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #18
  • Last Post: Apr 23, 2013 4:31am Apr 23, 2013 4:31am
I started with the "babypips school" and taught me almost all I needed before I even started trading.

Just Google it.
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