Beginner needs information

Quote from kellyk:

...I am looking for some easy to understand and use indicators that work in pairs or alone it doesn’t matter...
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God I love newbies. I suppose you want some easy money to go along with those easy to use indicators? If you are not ready to put in thousands of hours to learn how to trade, don't bother.

Forexfactory.com might help. Babypips.com like somebody else suggested has an excellent overview. Forexbastards.com might be able to provide helpful reviews for various services or brokers.

Its scary seeing myself three years ago.
 
Although a cliche, in the end, whether or not you will make it comes down to your ability to cut loses short and let your winners run. Doing this religiously is psychologically difficult as it goes against your normal intuition. Good luck.
 
hey nazzdack, you´re so exciting about the ip address from them hahaha I don’t even know how to know that. Anyway, I like babypips too, but I surprised when I read forexbastard but it´s forex army, so I dont have to say anything about them. Also, I just want to say that tradeview help me so much with my demo.
 
Some of the earlier comments mentioned a lack of regulation in Forex, Could you be more specific? Does this effect the behavior of the brokers? How does the regulation of shares or futures help you?

Thanks

Estoque
 
Quote from Estoque:

Some of the earlier comments mentioned a lack of regulation in Forex, Could you be more specific?

Does this effect the behavior of the brokers? How does the regulation of shares or futures help you?

Thanks

Estoque
More...
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Well the well regulated markets[futures, options, stocks];
arent necessarly easy.But at least stocks[regulated market] can be traded-learned by beginners with no leverage.

Does the regulator [policeman] in a school zone [learning-zone], affect the speed/behavior of drivers????? Sure it does.


Ever wondered why FX ads [fine print] limit losses to your account/amount,
actually thats a positive selling point, when the dust clears, you losses are limited to ''all' your original amount.No deficiency balances ......

:D

Ever wondered why you see many- many stock funds,
many derivative funds
some option funds,
few FX funds??????????

Jack Schwager top trading books may help;
think there was one FX-bank based trader in that whole group....:cool:
 
Quote from kellyk:

Hello everyone I am new here and I am looking for information on how to begin in Forex, so I would appreciate that someone give me a hand and show me the way.
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Dear Newbie,

BUY AT SUPPORT. SELL AT RESISTANCE.

Don't do anything else. Put a protective stop behind the level you're defending.
Seek 4:1 reward-to-risk ratio.

Don't follow technical indicators. Tech. indicators are bullcrap. Always have been.

Ask an old floor guy about Fibosnatchi or Bollinger bands.

Keep it SIMPLE.
 
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