Read, read, read.where do I start?
I like this. I agree withe everything about this.Start with learning. Move on to demo account. Try some strategies. Identify your best/preferred time-frame and markets.
Demo simple strategies found on the internet until you see them in your sleep and you are consistently profitable. Find one that's most suitable and customise it a little to suit your trading style.
Open a live account and trial this strategy with very small positions.
Newbies would do far, far better to start at the beginning and the beginning isn't leaping on the forex bandwagon to near certain failure with everyone else. There's a mass of info' right here on T2W that's dedicated to answering this very question - just click on the link in my signature.If you're starting from absoloutley nil I'd start at the Babypips school. It will give you the basics.
Yeah I wouldn't particularly recommend jumping into FX but its a good place to learn what a candle stick and moving average are.Newbies would do far, far better to start at the beginning and the beginning isn't leaping on the forex bandwagon to near certain failure with everyone else. There's a mass of info' right here on T2W that's dedicated to answering this very question - just click on the link in my signature.
Tim’s right .....Hi Tradeshock,
BabyPips presents it's info' very well; in a logical way and is easily digestible for the newbie. However, it has its own agenda which is to put forex on a pedestal as being the best market to trade. Given the numbers of newbies who flock straight to it without even considering other markets - I'd say they've have done a great job. However, IMO, this isn't in the best interests of newbies for reasons that I've explained in detail many times in the past - as in this post. (NB: Most of the numbered points in brown italics were lifted directly from BabyPips).
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