First steps in the analysis | Forex Factory

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First steps in the analysis

  • #1
  • First Post: Oct 22, 2008 7:06pm Oct 22, 2008 7:06pm
Hello Forex people,
I like this market and I just knew how it works. I was wondering where the main sources of the fundamental and technical analysis are over the web. I’m new here so I don’t know if you can classified them as easier to read and more complicated.
I appreciate the way you bear in mind my question.
  • #2
  • Oct 23, 2008 5:06am Oct 23, 2008 5:06am
Quoting LiveRicky
Hello Forex people,
I like this market and I just knew how it works. I was wondering where the main sources of the fundamental and technical analysis are over the web. I’m new here so I don’t know if you can classified them as easier to read and more complicated.
I appreciate the way you bear in mind my question.
Hi Ricky,

There are links to free TA based material here that should at least give you a starting point. Beyond that, there's always Google.

If you're new to forex, you might like to read PeterFM's thread for newbies. Here is an excellent free web site also: http://www.babypips.com/school/
For an explanation of pips, lots, leverage, spread, swap, etc, try here.
Here's a good thread aimed at helping beginners develop both their method and mindset. The link is to my post, but there are excellent posts in the thread from traders with much more experience than I have.

If you're going to use MetaTrader4, here's a link for Navigational Tips and Techniques.

Welcome to the forum.

David
  • #3
  • Oct 23, 2008 7:35pm Oct 23, 2008 7:35pm
Quoting hanover
Hi Ricky,

There are links to free TA based material here that should at least give you a starting point. Beyond that, there's always Google.

If you're new to forex, you might like to read PeterFM's thread for newbies. Here is an excellent free web site also: http://www.babypips.com/school/
For an explanation of pips, lots, leverage, spread, swap, etc, try here.
Here's a good thread aimed at helping beginners develop both their method and mindset. The link is to my post, but there are excellent posts in the thread from traders with much more experience than I have.

If you're going to use MetaTrader4, here's a link for Navigational Tips and Techniques.

Welcome to the forum.

David

Hiiiiii David!!!! Thank you very much for that, now I have a lot of work to do, you know, instruct myself in the business. Let me tell you that with more than a thousand posts you could be one of the best here, don't you think? Do you have a real money account? How much do I need to start in case I decide? I want to start saving for that
  • #4
  • Last Post: Oct 24, 2008 3:02am Oct 24, 2008 3:02am
Hi Ricky,

Number of posts means nothing, LOL. I'm really just an analyst/programmer who dabbles in forex trading. You'll find most of my posts in the 'Programming Discussion' and 'Rookie Discussion' areas.

I've been studying the markets for about 7 years, on and off, and forex for the last 2-3 years. Back in 2006 I had a live account open and lost 9% of it. I closed the account, when I decided there was no point in trading live until I was confident that I had a winning system.

I think I've learned a lot since then, and I'm about to try going live again. I've been profitable in demo for a few months now, but nowhere near as consistently as I would like. There are folk on the forum here who claim to make anything between 5% and 20% per month, every month, but I haven't a clue how they get the accuracy into their entries and exits, in order to achieve this.

Good luck - get yourself ready for the ride of a lifetime!

David
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