First u need to find suitable EA for ownself
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Re: Help starting with Forex
Originally posted by mubi99Hello everyone,
I'm totally new to Forex... I have lost my job and want to make money through Forex... Is that possible... Can anyone give me any ideas where to start?
Secondly, treat it seriously as a business.. we are not entering into a casino.. we are doing business so the ultimate goal is to make money consistently..
Thirdly, stay away from fear and grid..
Last but not Least pray...
Good luck..
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Re: Help starting with Forex
Making money in forex is not an easy task. It takes years to become a consistent trader. Don't trade when you have money issues. Find another job. When your situation gets better, then trade. You can learn forex though, but don't rely on it for now.
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Re: Help starting with Forex
What I have heard is that a good living can be made trading FX but like I have said before elsewhere, you must tread lightly until you learn the business and know what you are doing. Babypips.com is a great site. Also, check out forexpeacearmy to research brokers and other things.
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Re: Help starting with Forex
not easy, forex is like casino, firstly u need to start with manual trading because EA is wasting time, I wasted 2 years of time to find that EA is not working . and think about it manual system online 90% of them not working, u need to find 10%.........where do u find?
or in stead of wasting time, u can go real forex course in University.
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Re: Help starting with Forex
Originally posted by simoniexnot easy, forex is like casino, firstly u need to start with manual trading because EA is wasting time, I wasted 2 years of time to find that EA is not working . and think about it manual system online 90% of them not working, u need to find 10%.........where do u find?
or in stead of wasting time, u can go real forex course in University.
And for forex course.. actually you can learn from some good website or forum like in here or babypips.. and also sometimes i think that my losses are my forex course's fee
Experience is still the best teacher
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Re: Help starting with Forex
to trade Forex successfully it will take time, knowledge and experiece...read..read...read
if you want to get started in forex, first you really need to know who you are up against.
visit this site and read and watch the videos.
www.marketmanipulation.com
Understand these terms Smart Money and the Herd and which side of the fence you want to be on.
a couple of other points, do some research on the various currencies and pick one that you would like to trade. Different currencies react differently in different time frames and to news anouncements. so find one that is suitable to you and trade only one. Starting off and trying to trade multiple currencies will just put your head in a spin.
Next you need to find a system that works for you. I'll leave that you to find and discover. There are many posted here in the forum.
Once you have your system, don't look back thru the charts and say, well if I entered here, I would have profited and If I entered here I would have lost. Use a trading simulator and test your strategy, this will give you almost the same feeling as forward testing but the difference is that you can save hours of time.
you can search for LFH Forex Simulator, there maybe others, but this one I use and it works fine.
ok good luck
regards
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