New Begining on Forex

Hello to all master, i'm new in forex can u guide me how to start in using forex. Thx 😀

bisa

if you are new try to buy a good expert and run it on your account. while you make profit , try manual trades on demo and start to read and learn. it take 3-4 years to become a good trader.

@Bijan : can you recomend to me about good expert 😁

   erick posted:
   @Bijan : can you recomend to me about good expert 😁

Hi again. sure i am glad to help you
these experts are good , i have it and its really profitable
1. forex growth bot V1.6
2.wallstreet forex robot V3.9
3. Iris FX
4. FX voodoo
and few more
to success you have to add several EA to your account. its easy and you can enjoy your profit for life time

Mmm...would definitely learn to trade manually before moving to a robot!

   myfxpt posted:
   Mmm...would definitely learn to trade manually before moving to a robot!

sure , you can learn how to trade in forex manually. but manual trade need patient, stability and Consciousness in days and nights for every day and every hour.

Not really. You can build a manual system that alerts you when new trade opportunities appear, and you can add a little software that takes care of money management whilst you do other things. I am at the computer only when I need to place a trade.

   daily_martingle posted:
   if you are new try to buy a good expert and run it on your account. while you make profit , try manual trades on demo and start to read and learn. it take 3-4 years to become a good trader.

totally agree!

   myfxpt posted:
   Mmm...would definitely learn to trade manually before moving to a robot!

agree more! :)

Gary,

Can you expand a little more regarding the manual system you are using as well as what type of alerts? So far I have been looking at two systems, both of which are from Phillip Nell, the first is his 4H MACD system and the second is his 5M Intraday system. My idea is to look for trends on the 4H and then look for entry points on the 5M system. Any thoughts on that?

Otherwise if you could check out the thread I started here at https://www.myfxbook.com/community/new-traders/starting-from-scratch/280698,1 I'd appreciate any input you might have.

Regarding the robots that Bijan mentioned please keep in mind I am new to this. Do these robots actually place the trade on your behalf? That is not something I'd be interested or trust but I could always use a little extra confirmation on my own system.

Thanks in advance for your help guys. Happy Trading!

Hi there,

I focus on H4 timeframes because they are relatively 'noise' free and generate fairly accurate signals regardless of the indicator being used, i.e. MA, pSAR, etc. I too used to look to shorter timeframes for the entry point, and I don't think there is anything wrong with that, except that with the indicator I use now I don't find that I need the shorter timeframe.

Currently I am using Tom DeMarks Trendlines. Essentially, this is a breakout system from trendlines, and includes 4 qualifying filters at entry, 3 risk management exit conditions, and best of all, price projections with a good degree of accuracy. This allows me to systematically draw my trendlines (using DeMarks method), watch for a breakout, qualify the breakout, enter the market with a stop-loss, trailing-stop, and take-profit target, and exit the market quickly if risk management conditions dictate. Very clean, precise, and simple to follow.

Google TD Trendlines and you'll find lots of info.

Cheers,
Gary

myfxpt posted:
Hi there,

I focus on H4 timeframes because they are relatively 'noise' free and generate fairly accurate signals regardless of the indicator being used, i.e. MA, pSAR, etc. I too used to look to shorter timeframes for the entry point, and I don't think there is anything wrong with that, except that with the indicator I use now I don't find that I need the shorter timeframe.

Currently I am using Tom DeMarks Trendlines. Essentially, this is a breakout system from trendlines, and includes 4 qualifying filters at entry, 3 risk management exit conditions, and best of all, price projections with a good degree of accuracy. This allows me to systematically draw my trendlines (using DeMarks method), watch for a breakout, qualify the breakout, enter the market with a stop-loss, trailing-stop, and take-profit target, and exit the market quickly if risk management conditions dictate. Very clean, precise, and simple to follow.

Google TD Trendlines and you'll find lots of info.

Cheers,
Gary

Very informative post.

We see that new traders make some common mistakes that keep them lag behind. Newbie traders are affected with several issues like revenge-trading, enhancing lot size, not caring about market situation, trading in highly volatile pairs. They try not even the slightest to develop their ability rather they are emotion-driven.

most welcome in this community , have a very good journey

Hello! You could start by utilizing free sites like this one, YouTube, and others to learn everything you need to know, then move on to a demo account and practice your strategy until consistently profitable.

this forum is really supportive for the traders who are particularly beginners.

beginners can start with psychology of school including a practice account , this is the perfect combination for the traders who are above all beginners.

Love to know how the OP is getting on now 10 years after this post. Can do a lot of learning and studying in that time!