Totally new to Forex!
Hi guys
Up until yesterday i gambled for a long time however betting against the house never really turned up long term profits which made me turn to forex as a means of making somewhat consistent profits long term.
I am totally new to the game however i have watched various videos on Youtube which kind out outlay the basics.
What i know?
I know you should genuinely buy low and then sell high
I dont know!
When to buy? what signals do i look for
What do the candles mean?
Any free crash course which is online would maybe help i dont know however everything i have searched for online seems to be for people who are more knowledgeable about forex than i am now.
Welcome! "buying high and selling low" is a tricky and vauge saying that hets passed around the trading community. As far as "when to buy or sell".....well thats the struggle that we all share together. The candles are a way of showing price movement. Here is a link off the top of my head that has alot of info.
http://www.informedtrades.com/f111/
Being a gambling man I'm sure you understand the basis of finding and edge and playing it out....Trading is the same thing except you can manage your risk and place the odds in your favor way higher(once experienced) than any table game. I think blackjack was the top at 57%odd if I remember, and thats if you can count cards well. I'd say learn the market structure first then start trading some support/resistance and grow from there. Again welcome
i would highly recommend the babypips website, they have a school there were you can learn gradually, its very handy and its fun to learn through too
http://www.earnforex.com/forum/style...foro/clear.png
I recommend you to make some search on Google to find some good
internet merchant account sites, books and forums and start learning step by step. A time will come when you would be an an expert.