Forex Basics 4 Advanced&Beginner Traders

[hhduy]

On 12/17/2012 at 2:32 PM, diablo88 said:

It's very hard to get completed knowledge since Forex knowledge is huge that you don't know how much is enough. I think just keep studying and don't forget to practise your trading.

Forex is a never-ending learning process. You improve a little with each mistake.

[bluemac]

Forex is a very professional market which does not allow any trader's mistake so it is better to go and back test the strategy on a demo before implementing live.

[binaryowner]

I’d say starting with trend following using moving averages or RSI is solid. My experience with HFM shows that combining a demo account with strict risk rules builds very good foundations quickly

[arabitech]

Just adding ema to your charts can give sharp identifications of market turning points because i have heard that the EMA is being used by professional traders.

 

[binaryowner]

EMA helps, but context is king - higher-timeframe bias, liquidity windows, and risk per trade keep the EMA from becoming a chop machine. I log every EMA cross with volatility notes to see when it actually has edge trading with HFM

[hhduy]

EMA is fast to react to price changes, but it can also give false signals in a ranging market. I learned to wait for market structure confirmation first. It’s best to combine EMA with support and resistance levels. That way, trades become safer and more consistent.

[binaryowner]

EMA is fine, but context is king - HTF bias + liquidity windows keeps it from turning into a chop machine

[CryptoFluxor]

Forex trading basics are important for both beginners and advanced traders. Learning currency pairs, market behavior, and risk management builds a strong foundation. Beginners develop skills and discipline, while experienced traders focus on strategy refinement, analysis, and consistency to manage risk and adapt to market changes.