Novice Trader- Seeks advice?

Nov 11, 2009
23
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#2
I'm sure there is a lot of information regarding what you're asking on this forum, however, I'll humour you.

A few tips:
http://www.trade2win.com/boards/first-steps/

The first three stickies should be really useful to you.

Other handy tips you'll probably see on those stickies that you shouldn't ignore as a beginner (like I did and that cost me years of my life):

1. Keep it VERY simple
2. There is no holy grail (system or indicator)
3. See point 1
4. See point 2

If you're going to study any one area extensively, make it money management, rather than systems and indicators, here's a decent start:
http://www.investopedia.com/articles/forex/10/forex-risk-management.asp

Good luck :)