Time on the charts is invaluable , demo account, zero risk and practiceWhere is best to start to learn reading charts in forex?
Time on the charts is invaluable , demo account, zero risk and practiceWhere is best to start to learn reading charts in forex?
When we are trading in the Demo accounts we can understand that the profits and losses will be virtual so we will remain safe.Work on a demo account, use the online resources available. Try out a few different indicators and see what strategies work for you.
What online resources do you use / find the best?Work on a demo account, use the online resources available. Try out a few different indicators and see what strategies work for you.
I think support-resistance trading can be profitable just like trading fundamentals. In my opinion having a good trading plan where you choose entry and exit points wisely and have good risk management is more important than the type of trading you choose.TrapLok good advice. But, dont you think that trading of fundamentals might be a bit hard for a beginner. What do you think about support/resistance trading, at least in the initial phase?
I just trade technicals and try to think as the majority do, breakouts are usually good for 1:3 tradesopen demo account by any broker
I recommend to use MT4
and don't trade using these fake articles about how to trade forex
use your own brain
you can try to trade news (fpa has news signals) or find patterns or else what is comfortable for you
i agree with you, support and resistance is good strategy. Try combine using price action , more profitableI think support-resistance trading can be profitable just like trading fundamentals. In my opinion having a good trading plan where you choose entry and exit points wisely and have good risk management is more important than the type of trading you choose.