Thread: what is the basic thing that we should know???

Originally Posted by ;

hi, what would be the simple thing a forex trader to understand???? best indiors??? news??? Very best pair to trade??? Time and on... 10x

Basic thing
1. Search for the momentum of this market. I.e. if the bearish momentum is decreasing, then prepare yourself to look for a buy setup
2. Search for a regeneration in Bollinger ring
3. Learn Fib retracement
4. Learn Fib expansion
5. Trade pairs where over that day, a high impact econ-news is about to be launch.
6. Learn candle rod formation
7. Learn reversal pattern
8. Learn harmonic pattern (usually that can use as a reversal pattern)

Try download this program http://www.tradeinterceptor.com/#mob...ktop-downloads
They've trader's gym where you could use to practice your own egy. There you can discover the reason why you failed.

Work on your own mindset and risk management. For specialized matters, letting your winners run and cut your winners seems to be working nicely. Seems to be one of the issues 95% of retail traders have.

Managing the risk in a proper manner is a great ability from all in Fx where everything is volatile. But practically we drop a great problem when trading only due to lack of risk management especially when using high leverage. So we have to understand how to control risk, if we would like to direct a flexible trading life with certainly.

You should be aware of how much you should have to begin trading, never exchange real money with a very small account.

Originally Posted by ;

hello, what are the simple thing that a forex trader to understand???? best indiors??? news??? Best pair to trade??? Time and on... 10x

all the items u just mentioned.
That I would advise website babypips as the very best loion to go and study as a beginner.

Originally Posted by ;

you ought to know how much you ought to have to start trading, never exchange real money with a very small account.

Why you propose to not trade with real money in micro account. I prefer that than spend amount which always comprises risk.

Originally Posted by ;

quote Should you propose not to trade with real money in micro account. I prefer that than spend large amount which always comprises great risk.

Rationale: if you have 100 bucks in a micro lot you may loose it in a week, but a 1000 dollar micro lot will last far longer, but hey im just throwing my 2 cents ok what I have learned in life. Apart from in my view if your trading that small anyways, why don't you stick to demo trading?

There is not any simple thing that my friend trading is complex, difficult and takes some time to master but nonetheless it can be mastered. What I wanna say is that you ought to make patience and learning that your top priority. Someone mentioned to me personally the expert traders still learn new things in the market. So my advice would be learn as much as possible and take your time doing it.

Finest trading indior? RSI (based on my personal trading experience)! It's very difficult to mention any specific news session! News trading is always critical, by the manner NFP is always interesting news session! Major Forex pairs are useful!