Hello,
I am a trader who enjoys discussing trading with other traders and am going to use this thread to document what I feel are the essentials of trading FX. I am going to start with the very basics with an overview of how traders analyze the markets, then move into an overview of the basic technical indicators and chart patterns, then onto money management, system development and finally the fundamentals of the market.
I have been involved in FX for several years and while I am sure there are people on this board who are much better than I am, I feel that I have a strong understanding of what it takes to be a successful trader which I would like to share here. I also like doing this because writing about the essentials keeps my mind focusing on the essentials.
With this in mind I am sure that most of the information I am going to be posting here can be found in many other places, but hopefully I will be able to put it together in one well organized Journal that will help me keep things structured in my mind and may help some others at the same time.
-FXTrader1979
I am a trader who enjoys discussing trading with other traders and am going to use this thread to document what I feel are the essentials of trading FX. I am going to start with the very basics with an overview of how traders analyze the markets, then move into an overview of the basic technical indicators and chart patterns, then onto money management, system development and finally the fundamentals of the market.
I have been involved in FX for several years and while I am sure there are people on this board who are much better than I am, I feel that I have a strong understanding of what it takes to be a successful trader which I would like to share here. I also like doing this because writing about the essentials keeps my mind focusing on the essentials.
With this in mind I am sure that most of the information I am going to be posting here can be found in many other places, but hopefully I will be able to put it together in one well organized Journal that will help me keep things structured in my mind and may help some others at the same time.
-FXTrader1979