DislikedMan, I was following an expert in forex trade yesterday, and see what happened:
Now I ask myself, if experts have these problems, what is left to us Rookies?Ignored
Gone to a better place
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HELP THE NEWBIES!!!!! 2 replies
DislikedMan, I was following an expert in forex trade yesterday, and see what happened:
Now I ask myself, if experts have these problems, what is left to us Rookies?Ignored
DislikedHi Guys,
I am BRAND new to this. I am currently playing on a fantasy FX website, but I am struggling to understand it. Is there any books for complete beginners that anyone can recommend?
Also, what is the MINIMUM amount you can trade with? Being a student I don't have money coming out of my ears, so trading with very very low amounts would be ideal.
Thanks in advanceIgnored
DislikedSorry, but if most indicators are wrong and lagging, then why do all traders use them?
I just don't get it.
So, you say that our brain will tell us later? Is it some kind of "Intuition"?
Not far from Tarotism and maybe Gambling.
Care to explain?Ignored
DislikedHi Guys,
I am BRAND new to this. I am currently playing on a fantasy FX website, but I am struggling to understand it. Is there any books for complete beginners that anyone can recommend?
Also, what is the MINIMUM amount you can trade with? Being a student I don't have money coming out of my ears, so trading with very very low amounts would be ideal.
Thanks in advanceIgnored
Dislikedindicators are helpful in a way, but THE MAIN most important thing is PRICE ACTION.
LEARN to read the charts in front of you without indicators.
the thing with indicators is that they all tell you what HAS happened, none will tell you what WILL happen.
most traders use them or should use them to help with your CHART, PRICE ACTION analysis. in other words, read, listen to what the market is doing, where the price is going. SUPPLY AND DEMAND. are people selling are people buying are people scared (stalling)
RSI, Stochastic, ADX, MACD, all assist...Ignored
DislikedHi Oceanofpips,
I was going to purchase the dummy book, but there are very mixed reviews on amazon. Some say it isn't really for dummies at all, more of a reference for slightly experienced forex traders?
Many ThanksIgnored
DislikedI like trading the 5m and 1m charts but when looking for resistance levels with fibonacci re-tracement tool what is the best time frame to use. Also do you start at the top of the wick or at the open.
ThanksIgnored