i'm new here...

Using indicator will help much for learning purposes, because this is good for learn how to trade, first use demo account I think it will become good place to learn and trained skill
 
CyberWarrior said:
I am also new here, Welcome to this forum, it would be great if we gain and share your expertise knowledge with other traders here.
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Welcome with fellow newbie here, with take part in forum discussion it also giving us motivation in business because we are not alone in this business and get spirit if we always share and learn from fellow trader
 
radex78 said:
Welcome with fellow newbie here, with take part in forum discussion it also giving us motivation in business because we are not alone in this business and get spirit if we always share and learn from fellow trader
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Yup, I am also looking forward to take part in it, but first I am trying to get some knowledge by surfing the content of this forum.
 
CyberWarrior said:
Yup, I am also looking forward to take part in it, but first I am trying to get some knowledge by surfing the content of this forum.
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Yes sometime learn from forum also we can get valuable information and improve our insight too, I think so many content we can learn from this forum if willing to spent time to reading
 
radex78 said:
Yes sometime learn from forum also we can get valuable information and improve our insight too, I think so many content we can learn from this forum if willing to spent time to reading
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Yeah...! I agree to you that this forum has lots of content, which we could use in learning about the Forex Trading.
 
The24thPanzer said:
Baby Pips is a good place to start learning, HOWEVER, if you are good with taking in information and putting the pieces together, then just look up these terms, and study what they do.

RSI, Relative Strength Index, Ranges from 0-100, tells if a stock or market is being over sold, or over bought. There is this thing called Fail Swings, I'm just learning how to spot and utilize these, but they happen. I'd look into that as well.

Bollinger Bands, Three bands that show the price range of the stock in quesion, these can be broken and I don't recommend using this by itself to determine a buying or selling point.

EMA, Short term stock trend tracker. I dunno how else to explain this one.

SMA, more of a long term Stock Trend Tracker.

There is also the ATR, the Average Trade Range*, I don't bother with this, it will confuse you more than help you, since you are new, like me. I only know that it can potentially help you spot a bearish or bullish break confirmation or trend reversal...
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I don't believe in terms of overbought/oversold, nothing is every over bought and unless it gets to zero-never oversold, PRICE can always go further and instruments can't, Price is always right and indicator often are wrong/and if you not studied the indicator of what it should do on years of data, you will hurt yourself much more than good things come out of using them. All my systems I can entry and exit on Bollinger Bands, comes down to knowing when which comes from practice.

RSI can show Trend, can show retracements 55/45, and show divergences.

Bollinger Bands can show Failures, price pierces BB and then price tries to make higher high than previous highs and does not pierce BB and fails, often times right shoulder of H&S.

LOL I use SMAs on all my one minute day trading charts. Very seldom use EMA as it often gives too many false signals.
 
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