DislikedHi, I'm 18 years old, and am getting into Forex for the first time. I've been reading about forex and have had a practice account for the last month and this is what i've been doing. let me know what you think.
I do nothing but look at charts, and using common sense, try to buy low sell high, I set my stop/loss at +/- 10 pips. using my practice account, it has worked. with my stop/loss at the same number of pips, anything over a 50% success rate would be making me money. It seems to make sense that by my judgement, i can win over 50% of my trades....Ignored
I know this thread was started 6 years ago, but I'm curious as to how things are going for you? I'm in the stages of finding the demo is much different than live trading. Once I accepted the fact I will experience losses and the key is to minimize them, then it wasn't so painful. I am finding I'm a chicken and not nearly as free to jump on a trade though.
I hope forex has been successful for you.
