Maria asks…
where can i learn advanced forex trading strategies ?
Hello all,
first of all i want to say that i already know all forex beginners materials
i know what pips means what moving average means, MACD , indicators, robots, experts, RSI, …. and all that stuff …
now i still want to learn more advanced things
to go one step farther
to learn a real working strategies, step by step …
from choosing a good currency pairs , to picking the right direction (bearish or bullish) to enter the market and where exactly to exit the market (where to place the Take profit or Stop loss orders)
i’ll be more than glad if someone already passed those steps , already making a profit from forex with real account (not demo) and could just post a helpful link or advice to start from..
i don’t care if the tutorial website you point is free or not
i am ready to pay money for good advanced forex trading courses
but i am scared to end up with a scam one, because as you know about 99% are scams and all they want is your money , and they don’t give you a real worth course …
thanks all
admin answers:
Many people told me that investing in curriencies is the hardest way of investing, because it doesn’t have clear direction. Bullish or Bearish is hard to detect. However, there was the two big crisis, 2008 global crisis and the EUR crisis mid of last year. Many people who traded forex frequently, made huge profits from trading Dollars, and EUROs, simply because last year they could buy year at a 10-Year record low.
Now adays, all eyes are on the Japanese Yen after the Quake..
So, i really give you advice not to trust any one in this kind of trading, because even proffessionals lose for unpredictible mistakes
Donna asks…
How to become a successful day trader?
THIS MAY GET PRETTY LENGTHY SO I APOLOGIZE IN ADVANCE. I’m 21 years old i have had the dream of becoming a day trader since i was 17 after watching the show ” wall street worrier” where timothy sykes turned 12k of his what is a bar mitzvah money to a near 2mil in 2 years which is awesome so i don’t see any reason why i cant turn 1k into 200k in 2 years lol. I went to school for business admin for about a year then dropped out due to financial issues, but plan on going back after i get started trading because i know you don’t need a college degree to trade in the market. I don’t really care so much about all the money that can be made, i just feel this is the ideal job for me i can actually live my life and not worry about not having money to pay bills and ill have alot more time to go out and do things.
so with that being said i have been doing research and i feel the forex market is the best choice for me at the moment because my schedule is very irregular. I have been studying the website babypips.com and i feel like they focus on the technical side more so than the fundamental and psychological side.
so where can i find information on how to read forex news reports? what do you successful traders do that will help me get on the right path to trading? Is the fxoanda demo account a good trading platform? What are some good books to read that will help me? any other information please feel free to leave here or inbox me i can use all the info i can get.
thanks guys!
p.s. AFFILIATE MARKETERS stay away i’m not interested in your get rich quick schemes or market robots thanks
admin answers:
Start with a Stock Market for Dummies book. I saw one in a store once.
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