forexmoney
Freshie
- Messages
- 1
- Joined
- Dec 18, 2011
- Messages
- 1
- Reaction score
- 1
- Points
- 8
Here are some guide line for those who want to start with forex.
1) First: you need to know what is forex, how to make money on it and what will impact it:
Here was some video which i think very suitable for beginner, 1 have divide into beginner & advance (On advance you may need to learn all the chart and range trading)
Beginner Video
Forex Advantage
Basic Forex Term
Types of Order
Wining Strategic
Glossary Concept
Advanced Video
Forex World
Candlestic Trading
Calculating Risks
Support and Resistance
Trend and trend Line
Gathering and Announcements
Fibonacci Number
The trader full Dictionary
2) Second: Forex will reflect what actually happen around the world, but what new we really need and how important on it? Where can i get the latest information which i think many newbie will ask. Here i have some recommended web:
Bloomberg This is the new that i read everyday.
Forex Factory This Web you must know in order you get all the latest information. Example such as GDP, Unemployment claim, and many other please go read by yourself.
Next question you may ask what will all the information on Forexfactory actually help me on the trading? Forexfactory just give you all the figure but didn't tell you what is the impact on it.
Here is the answer! Go to Forexcrunch This web will tell you what is the impact where newbie can start learn from here. Here is some example i copy from forexcrunch
-German Ifo Business Climate: Tuesday, 09:00. Exp. 106.2. 107.5 or more, CALL on Oil. 105.6 or less, PUT on Oil.
-U.S. Housing Starts: Tuesday, 13:30. Exp. 0.64M. 0.69M or more CALL on Oil. 0.59M or less, PUT on Oil.
Nice? :x :x They already tell you all the impact and what you need to do is follow. :thumbs: :thumbs:
3) We already learn all the theory, Now is time for us to go Practice. For newbie i don't recommended direct go trading in live account. What you need to do was open a practice account and start learn the lot size and the risk on it. You can burn all the money in the demo account but please don't do it on the live account. The risk is higher when you trade with Gold, Silver and Oil. Last time i had burn my demo account (USD 5000) in 3 days when trade on Gold. Here i am using Pactice Account register as example. You can download the platform from here Download Platform
Today i will end here. Tomorrow i will continue share all the template that i create so that can make you start to trade in the Pactice account. On next stage i will talk about candlestic.
Thank and wish you all can learn something new :respect: :respect:
1) First: you need to know what is forex, how to make money on it and what will impact it:
Here was some video which i think very suitable for beginner, 1 have divide into beginner & advance (On advance you may need to learn all the chart and range trading)
Beginner Video
Forex Advantage
Basic Forex Term
Types of Order
Wining Strategic
Glossary Concept
Advanced Video
Forex World
Candlestic Trading
Calculating Risks
Support and Resistance
Trend and trend Line
Gathering and Announcements
Fibonacci Number
The trader full Dictionary
2) Second: Forex will reflect what actually happen around the world, but what new we really need and how important on it? Where can i get the latest information which i think many newbie will ask. Here i have some recommended web:
Bloomberg This is the new that i read everyday.
Forex Factory This Web you must know in order you get all the latest information. Example such as GDP, Unemployment claim, and many other please go read by yourself.
Next question you may ask what will all the information on Forexfactory actually help me on the trading? Forexfactory just give you all the figure but didn't tell you what is the impact on it.
Here is the answer! Go to Forexcrunch This web will tell you what is the impact where newbie can start learn from here. Here is some example i copy from forexcrunch
-German Ifo Business Climate: Tuesday, 09:00. Exp. 106.2. 107.5 or more, CALL on Oil. 105.6 or less, PUT on Oil.
-U.S. Housing Starts: Tuesday, 13:30. Exp. 0.64M. 0.69M or more CALL on Oil. 0.59M or less, PUT on Oil.
Nice? :x :x They already tell you all the impact and what you need to do is follow. :thumbs: :thumbs:
3) We already learn all the theory, Now is time for us to go Practice. For newbie i don't recommended direct go trading in live account. What you need to do was open a practice account and start learn the lot size and the risk on it. You can burn all the money in the demo account but please don't do it on the live account. The risk is higher when you trade with Gold, Silver and Oil. Last time i had burn my demo account (USD 5000) in 3 days when trade on Gold. Here i am using Pactice Account register as example. You can download the platform from here Download Platform
Today i will end here. Tomorrow i will continue share all the template that i create so that can make you start to trade in the Pactice account. On next stage i will talk about candlestic.
Thank and wish you all can learn something new :respect: :respect:
