Announcement

Collapse
No announcement yet.

Help starting with Forex

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Help starting with Forex

    First u need to find suitable EA for ownself

  • #2
    Re: Help starting with Forex

    EA is an expert advisor for a automated trading - trading robot.

    Originally posted by mubi99
    Sorry, excuse my lack of knowledge, but what is "EA"?? Where can I get one?

    Comment


    • #3
      Re: Help starting with Forex

      Also you should not risk more than 1% of your equity per Trade.

      Regards

      Comment


      • #4
        Re: Help starting with Forex

        Originally posted by mubi99
        Hello 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?
        Firstly, you need to do a lot of reading... learning... and practicing.. demoing... look for the right system..
        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..

        Comment


        • #5
          Re: Help starting with Forex

          Try babypips and forexfactory and other forums to get an idea of what the forex market is about and proceed from there. Don't expect to trade full time immediately and make lots of money out of it.

          Comment


          • #6
            Re: Help starting with Forex

            go to learning market dot com... a lot of stuff u can learn there. i learn a lot from there last time.

            Comment


            • #7
              Re: Help starting with Forex

              There is still lots of learning my friend.
              The babypips site is a great learning tool for beginners. After that you can open a Demo account and start practicing what you have learned.

              Comment


              • #8
                Re: Help starting with Forex

                EA is an expert advisor for a automated trading - trading robot.

                Comment


                • #9
                  Re: Help starting with Forex

                  Good trading strategy, money management and discipline are the keys to success in forex. Last but no least, always trade demo b4 go for live acct.

                  Comment


                  • #10
                    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.

                    Comment


                    • #11
                      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.

                      Comment


                      • #12
                        Re: Help starting with Forex

                        Do paper trading and set aride how much you can right and potentially loose.

                        Comment


                        • #13
                          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.

                          Comment


                          • #14
                            Re: Help starting with Forex

                            Originally posted by simoniex
                            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.
                            I think mostly Good EA only works for some period, after that, they need to be adjusted with the market again.

                            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

                            Comment


                            • #15
                              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

                              Comment

                              Top Active Users

                              Collapse

                              There are no top active users.
                              Working...
                              X