New Joinee - Need some advice | Forex Factory

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New Joinee - Need some advice

  • #1
  • First Post: Aug 19, 2006 10:33am Aug 19, 2006 10:33am
Hello Everyone,

I joined this forum today..I am currently trading with a demo account. However I am in -ve...I guess I know about the common indicators being used in market.However I am trying to find out of good strategies that work on hourly or 5 min. chart. I try to trade only USD based currency pairs.


Can you please suggest me some good and tested stratagies that work. Also, it would be great if you can tell me their limitations also.

Thanks,
Rahul
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  • #2
  • Aug 19, 2006 10:38am Aug 19, 2006 10:38am
Quoting guptara
Hello Everyone,

I joined this forum today..I am currently trading with a demo account. However I am in -ve...I guess I know about the common indicators being used in market.However I am trying to find out of good strategies that work on hourly or 5 min. chart. I try to trade only USD based currency pairs.

Can you please suggest me some good and tested stratagies that work. Also, it would be great if you can tell me their limitations also.

Thanks,
Rahul
Hi Rahul,
Welcome to FF.
I would suggest you reading of Vegas files at first and then James16 thread to understand price action/market patterns.Try to be patient at first till you feel you have learnt something.Thee is no use wasting capital even on demo prior to learning.

kolachi
  • #3
  • Aug 19, 2006 11:28am Aug 19, 2006 11:28am
Thanks Kolachi...Can you please explain what is Vegas files?? I agree with you that learning the market is important before starting trading...
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  • #4
  • Aug 19, 2006 11:39am Aug 19, 2006 11:39am
Quoting guptara
Thanks Kolachi...Can you please explain what is Vegas files?? I agree with you that learning the market is important before starting trading...
Go to forex forums and there you will find niche forums in which there is Vegas Wealth Builder.Just click on it and start reading vegas tunnel method 1h or 4h.
  • #5
  • Aug 21, 2006 12:07am Aug 21, 2006 12:07am
Thanks again...Can you please tell me what are the books/ebooks I should be going through? Also, do you know of any effective stratagies that I can use?
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  • #6
  • Aug 21, 2006 12:14am Aug 21, 2006 12:14am
Quoting guptara
Thanks again...Can you please tell me what are the books/ebooks I should be going through? Also, do you know of any effective stratagies that I can use?
There is a good book named Trading in the zone.You should be able to get it on ebay I suppose.
There are different strategies like Moving average cross over, news trading based on fundamental analysis, strategies based on indicators like MACD,CCI,Momentum,ADX etc.
Here in FF you will find good thread on price action:james16 chart thread.
There is Sidus System,Kolachi Method of trading,there are different threads about automatic use of Expert advisors.
Be patient ans read enough material so that u can decide which suits your psyche.

good Luck
kolachi
  • #7
  • Last Post: Edited 6:08am Aug 21, 2006 3:45am | Edited 6:08am
If you are just beginning and need some support with then first steps, you might want to take a look on (link removed by mod)<LINK removed mod by><LINK removed>

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