Hi,
I've just begun learning Forex.
So far I've read "10 Forex Essentials" by Jarez F. Martinez and I can say that I have some basic understanding of candles,Bullish/Bearish stuff .
I have also read few threads in this forum and I learned a bit about RSI,CCI,MACD.
But anything else I DON'T KNOW.
I post here a general plan ,by which I would learn all the essentials needed to start trading.
I would want you guys to commentate my plan. It's a very initial plan, and I'm not a great planner either, so feel free to give me some good advices.
Here's the plan :
1. Get to know all the common indicators and other FX ideas like SL/TP/Resistance/Support and stuff like that.
2. Get a good idea about the trading software I use.
3. Learn how to spot trends and basically stare quite a lot in charts trying to understand them!
4. Build my own system , using my own experience and systems I found on the net.
5. Start trading on demo account using that system, trying to improve it and trying to feel quite sure that I know most of the stuff. Having a lot more successful trades than bad ones.
6. Advance to mini account after quite a while and eventually to a regular account. Keep learning new things and improving my system.
7. Buying a BMW 760 - Just kidding!
So what do you guys think?
Thanks a million for every response!
P.S. - I would appreciate some decent guide that explains everything I need to know about indicators. I've already read Blueruby's one, but it's not enough. Thanks in advance!
I've just begun learning Forex.
So far I've read "10 Forex Essentials" by Jarez F. Martinez and I can say that I have some basic understanding of candles,Bullish/Bearish stuff .
I have also read few threads in this forum and I learned a bit about RSI,CCI,MACD.
But anything else I DON'T KNOW.
I post here a general plan ,by which I would learn all the essentials needed to start trading.
I would want you guys to commentate my plan. It's a very initial plan, and I'm not a great planner either, so feel free to give me some good advices.
Here's the plan :
1. Get to know all the common indicators and other FX ideas like SL/TP/Resistance/Support and stuff like that.
2. Get a good idea about the trading software I use.
3. Learn how to spot trends and basically stare quite a lot in charts trying to understand them!
4. Build my own system , using my own experience and systems I found on the net.
5. Start trading on demo account using that system, trying to improve it and trying to feel quite sure that I know most of the stuff. Having a lot more successful trades than bad ones.
6. Advance to mini account after quite a while and eventually to a regular account. Keep learning new things and improving my system.
7. Buying a BMW 760 - Just kidding!
So what do you guys think?
Thanks a million for every response!
P.S. - I would appreciate some decent guide that explains everything I need to know about indicators. I've already read Blueruby's one, but it's not enough. Thanks in advance!
Money for nothin' and pips for free!