Hi all I am new to trading any advice would be helpful :0)
I am new to trading and i would really like to base my trading around 'fundamentals' if anyone can help me out with learning how to read report and news correctly that would be awesome, Also am looking to make a few friends on the trading scene i can use to bounce ideas of and ask questions and so on
thanks 😄
thanks 😄
You win some you lose some
Adam85 posted:
I am new to trading and i would really like to base my trading around 'fundamentals' if anyone can help me out with learning how to read report and news correctly that would be awesome, Also am looking to make a few friends on the trading scene i can use to bounce ideas of and ask questions and so on
thanks 😄
Hi Adam,
Fundamental analysis (FA) is very biased.
You can easily get losses start from here :)
I suggest you start learning from Trend, Support and Resistance, M/M and R/R.
and also .. please prevent of use lagging technical indicators.
Finally, find out a trading style that fit with yourself.
Have a nice day,
Yohana
The weakest creature in the world is a human. It's a reason why the human always develop anything to make them stronger. I am here is just for share, not teaching anyone :)
Hi Yohana
Thanks for the advice i will try and start with Trend,Support and Resistance and work my way from there, I appreciate the advise 😄
thank you
Thanks for the advice i will try and start with Trend,Support and Resistance and work my way from there, I appreciate the advise 😄
thank you
You win some you lose some
Learn price action.
Less is More
1) Do not predict. NEVER!
2) Trade what you see, not what you think.
Regards, Alexander
Thanks Alex I will take that on board
You win some you lose some
Adam85 posted:
Thanks Alex I will take that on board
You are welcome! 😄
Hi Adam - once you do all your analysis and decided where to put your stops and your entries you need to stop and think. The markets are characterized by huge banks and funds hunting out the stops which typically congregate around the same important areas as everyone uses similar analysis techniques. So NEVER put your stops where it seems rational because all the smart retail traders will have put their stops there making a nice target for a stop hunt. Where there are high numbers of stops they will be hunted and your trades taken out over and over again. Try putting your buy or sell orders where the majority are placing their stops. This will give you an edge.