I'm new to trading world....I have heard a few things that one should not demo a lot...one should not use too many indicators and one should try to use price action as far as possible.
I want to know which forex course is available in the market at a price less than $250....with very good support to answer all my questions and doubts and it should be based on price action, if possible...
I know that there are many forex education scams going on..so, please suggest something that you have tried and have been happy and satisfied with..please...
waiting for a nice answer..
You don't need to pay $250 to get educated.....save it because you will likely need it to lose when you first go live
You can find a variety of educational courses for free online, just join a trader's forum and ask around I'm sure someone will share. I have never spent a dime on forex material and have a good hundred hours of training videos.
I won't mention names here but if you PM I will offer some suggestions of good courses for newbies.
But you should first start with some good books. Learning risk management and trader psychology should be priorities. If you grasp those concepts then you won't waste months of your time throwing all your money away.
You also need to demo for at least a month, preferably two. Yes, it's a completely different ballpark than live trading.
You shouldn't need any more than 3 indicators (I consider multiple MAs as one) on a chart at one time in order to succeed. I use Bollinger bands, Stochastic, maybe an RSI, and that's it. I hate MACD.
And I use MAs on Daily charts. S/R levels and pivot points are also extremely important, those and candlestick patterns are my main game.
Finally, learn candlestick patterns (specifically reversals)! Some people say they're worthless, but I can't count the number of times that a strong signal on my system was confirmed by a candlestick pattern (don't trade based on patterns alone) and made me feel that much more confident in a trade.
P.S. You can email me for free and I will gladly answer questions, no charge, no sales pitches: email@example.com
I also offer Technical Analysis and Fundamental Commentary on my website for free.