Introduce Yourself

This is a discussion on Introduce Yourself within the First Steps forums, part of the Reception category; Hi everyone I too am new around here. Not made a single trade yet as I am cramming as much ...

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Old Feb 7, 2017, 12:21am   #10849
 
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Hi everyone

I too am new around here.

Not made a single trade yet as I am cramming as much knowledge as I can into my limited brain before I take the plunge.

Having read plenty so far my feeling is that I am better suited, in terms of my mentality, to scalping the Forex market. I am working my way through Bob Volman's Forex Price Action Scalping and it's all making sense (currently)

Looking forward to learning from you guys, picking up some expert advice and, hopefully, in the long term be good enough at trading to be able provide help and advice to others

Nick
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Old Feb 7, 2017, 2:42pm   #10850
Joined Jan 2017
Hello everybody!
My name is Hafiz, I am from Malaysia and it will be 4 years soon since I have started a trading career
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Old Feb 7, 2017, 4:16pm   #10851
Joined Feb 2017
Hi Nick

That's definitely the right way to start: read the hell out the subject, then open a demo account.

Make sure you practice with an amount that reflects your actual capital; if you start off pretending to be a zillionaire it's not going to help your game in a live account. Then demo, demo and demo some more until you've got a tried and tested profitable system in place and you may be ready to take the stabilizers off your bike

Another good tip would be to demo with just one major currency pair, as it gets a bit complicated if you're knee deep in weird pairs with less visible patterns.

Best of luck!

Quote:
Originally Posted by Griffin View Post
Hi everyone

I too am new around here.

Not made a single trade yet as I am cramming as much knowledge as I can into my limited brain before I take the plunge.

Having read plenty so far my feeling is that I am better suited, in terms of my mentality, to scalping the Forex market. I am working my way through Bob Volman's Forex Price Action Scalping and it's all making sense (currently)

Looking forward to learning from you guys, picking up some expert advice and, hopefully, in the long term be good enough at trading to be able provide help and advice to others

Nick
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Old Feb 7, 2017, 6:33pm   #10852
 
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Quote:
Originally Posted by buzzfxbroker View Post
That's definitely the right way to start: read the hell out the subject, then open a demo account.

Make sure you practice with an amount that reflects your actual capital; if you start off pretending to be a zillionaire it's not going to help your game in a live account. Then demo, demo and demo some more until you've got a tried and tested profitable system in place and you may be ready to take the stabilizers off your bike

Another good tip would be to demo with just one major currency pair, as it gets a bit complicated if you're knee deep in weird pairs with less visible patterns.

Best of luck!
Thanks buzzfxbroker, I appreciate the advice

I've more books on the way and have a couple of weeks off work to throw myself into a demo account once they are read (and will then buy more probably!)

Will keep it simple at first and stick with the EUR/USD
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Old Feb 8, 2017, 4:30am   #10853
 
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Greetings everybody, I am Kris and new to Forex Trading, I am looking for a Guide/Mentor who can assist me in being successful in this Trading Platform. I am based in Thailand! Please email me at kcsehgal2088@gmail.com, Regards
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Old Feb 8, 2017, 12:08pm   #10854
 
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Hello,
I am new on this forum and new to trading, it seems it is a nice place to learn and share ideas,
I have been reading online about forex binary option trading, and got interested to learn some, so far could not find a simple strategy to follow to make some money.
Have a great day traders
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Old Feb 8, 2017, 4:28pm   #10855
Joined Feb 2017
Let me know what books you find most useful; there are soo many out there I'm never sure which are the best to recommend to people starting out. We have a bunch of educational videos on our site but it's nice to recommend physical books too, plus books offer that much-needed screen break. You can spend a lot of time squinting at charts in the world of Forex.

Quote:
Originally Posted by Griffin View Post
Thanks buzzfxbroker, I appreciate the advice

I've more books on the way and have a couple of weeks off work to throw myself into a demo account once they are read (and will then buy more probably!)

Will keep it simple at first and stick with the EUR/USD
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Old Feb 8, 2017, 6:11pm   #10856
 
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Quote:
Originally Posted by buzzfxbroker View Post
Let me know what books you find most useful; there are soo many out there I'm never sure which are the best to recommend to people starting out. We have a bunch of educational videos on our site but it's nice to recommend physical books too, plus books offer that much-needed screen break. You can spend a lot of time squinting at charts in the world of Forex.
Thanks again buzzfxbroker

Books I've read:-

The Little Black Book of Behavioural Investing - James Montier
Mastering the Trade - John F Carter
Forex Price action Scalping - Bob Volman (finishing soon)
Reminiscences of a Stock Operator - Lefevre (nearly finished)
How to make money in stocks - William O'Neil (part way through)
Trading in the Zone - Mark Douglas (just dropped on the mat)
Understanding Price Action - Bob Volman (ditto)

I am also referring to Investopedia for basics and now mooching around on here learning from you guys

Any other suggestions for my ongoing education gratefully received
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