As a beginner, I have a lot of things to learn⦠Iâve been reading and trying to get good information. Also, I got a demo but Iâm just trying to understand⦠I made my registration in babypips, but I hope I can count on people here too, to be able to make good decisions⦠Any suggestion??
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- Thread starter Shefali
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When I first started, I read DayTrading the Currency Markets by Kathy Lien---I think she is pretty good. Also check out her website (kathylien.com). Also Forex Probabilities by Ed Ponsi is a good book for beginners. Dailyfx.com and babypips.com are also useful websites.
Also depends on your trading style--quant/algorithmic, subjective, daytrading, swing trading, etc.
I use candlesticks a lot because I think they are very helpful in determining reversals. I dont use indicators much though.
Also depends on your trading style--quant/algorithmic, subjective, daytrading, swing trading, etc.
I use candlesticks a lot because I think they are very helpful in determining reversals. I dont use indicators much though.
Thank you aknaya1 for answering my post. I will read everything you suggested me, because Iâm really interested in learning about forex. When I was looking for a good broker, I read about TVF (tradeview forex), and I found itâs a really good option. I know it offers a 5th digit on the pip spread, while others offer only 4. That was why I decided to choose it, although Iâm not good in my practices⦠Thatâs my big problem right now. I suppose I need to keep practicing for a long time. Is it normal that Iâm not able to win?? Or Am I too bad to trade? Thank you again!
Check out forex4noobs.com (they've got a good chatroom to help answer Qs) and read the free ebook they offer.
Quote from Shefali:
As a beginner, I have a lot of things to learn⦠Iâve been reading and trying to get good information. Also, I got a demo but Iâm just trying to understand⦠I made my registration in babypips, but I hope I can count on people here too, to be able to make good decisions⦠Any suggestion??
start by realizing everything you read is BS
and at the same time ... read everything
http://nyif.com/courses/trad_1006.html
write down all those things on paper under semester I - VI and research the hell out of it... happy hunting