I found that the best way to learn forex is through one on one coaching. I agree with Nicesurf that you should not spend your time searching for indicators. Tag along with someone and learn as much as you can. Learn from his/her mistakes so that you don't make the same mistakes.
Don't waste time depending on others. Don't spend too much time on demo. If you are serious and interested, do as follows:
1. First learn some basics about Forex & find a good trader.
2. Do demo for a week to get familiarize with their system
3. Go Live with a small amount (100$) and start trading with the smallest lots.
This way you will have real experience. Even if you loose 100$ its ok (if you don't have a mindset to loose 100$, its not worth doing forex) , by that time you must have learned a lot. Read as much as you can from every forums.
This is from my OWN experience:
I am a newbie too. I knew the meaning of Forex only in Feb 2010. March to May i was looking around for a trading platform. Finally i stick with TadawulFX (my own preference). June 1 month i learn a bit more about forex and learn how to use MT4. During this time i still couldn't digest. So i look for free signals. Subscribe to some and 90% of their signals was failure. Heart fail and then i started buying indicators. That was another scam. Finally i got fedup and put a +ve mindset and spend 48hrs reading forums. Learn as much as i can. The more i read, the more interesting it was for me. And i became independent.
I went live on July 2nd with 1000$. First two weeks, i lost 500$. Never give up. And i break even yesterday. Now am with 1050$. I spend 1 hrs everyday reading thru forums looking for extra knowledge. So far i have gone thru all the threads in this and many other forums. And now i looking forward to fundamental trading too. Forex was like an alien to me last time. Now I eat,sleep,breath Forex. Nothing interests me other than FX now.
I found that the best way to learn forex is through one on one coaching. I agree with Nicesurf that you should not spend your time searching for indicators. Tag along with someone and learn as much as you can. Learn from his/her mistakes so that you don't make the same mistakes.
From my own exp.. i must say; don't waste time doing demo.
Don't waste time depending on others. Don't spend too much time on demo. If you are serious and interested, do as follows:
1. First learn some basics about Forex & find a good trader.
2. Do demo for a week to get familiarize with their system
3. Go Live with a small amount (100$) and start trading with the smallest lots.
This way you will have real experience. Even if you loose 100$ its ok (if you don't have a mindset to loose 100$, its not worth doing forex) , by that time you must have learned a lot. Read as much as you can from every forums.
This is from my OWN experience:
I am a newbie too. I knew the meaning of Forex only in Feb 2010. March to May i was looking around for a trading platform. Finally i stick with TadawulFX (my own preference). June 1 month i learn a bit more about forex and learn how to use MT4. During this time i still couldn't digest. So i look for free signals. Subscribe to some and 90% of their signals was failure. Heart fail and then i started buying indicators. That was another scam. Finally i got fedup and put a +ve mindset and spend 48hrs reading forums. Learn as much as i can. The more i read, the more interesting it was for me. And i became independent.
I went live on July 2nd with 1000$. First two weeks, i lost 500$. Never give up. And i break even yesterday. Now am with 1050$. I spend 1 hrs everyday reading thru forums looking for extra knowledge. So far i have gone thru all the threads in this and many other forums. And now i looking forward to fundamental trading too. Forex was like an alien to me last time. Now I eat,sleep,breath Forex. Nothing interests me other than FX now.
Happy Trading.