I've seen a number of basic questions recently about Forex trading. I don't claim to be an expert. I haven't even gone live yet. However, I have spent the last 2 months doing full time research into Forex. Since there are so many people interested in learning here are a lot of good resources I've found. We might want to turn this into a sticky
Signal Services - 99% of signals are a scam so BE CAREFUL and always learn the basics first
Collective2 (real time signal monitoring) - http://www.collective2.com/
Forex Trading Service Review - http://www.fx-review.com/
Books
Trading In The Zone, by Mark Douglas (psychological)
Trade Your Way To Financial Freedom, by Van K Tharp (psychological)
Come Into My Trading Room, by Alexander Elder (psychological, processes)
it is indeed EXCELLENT. After you recommended three weeks ago the site to me, I had good experience trading my demo account. Especially good experience was yesterday, when I opened Forum/Chat of www.forexnews.com and started to match ideas flowing in the chat with actions at my demo trade.
Thank you for the referral. Hope to get in live trading one day.
Here's a site I've found by our own Phil Dunn. The page does have pop-ups, which are a pain. Could be good reading (haven't gotten there yet): http://www.savefile.com/projects.php?pid=868431
This is over at Money Maker's Group. The author was banned around page 4. Can't imagine why. AlmostRetired took it over. Has lots of great links in it (I read this one about half-way last night): http://www.moneymakergroup.com/index.php?showtopic=8775 (Forex for Dummies)
This was from another thread, and is best over here:
Historical Forex Charts
Quote:
Originally Posted by dxgoldforless
YES they are available. I would suggest you check out http://www.metaquotes.net Grab the metatrader platform. It is one of the best charting platforms that exist.
dxgoldforless
and this option:
Quote:
Originally Posted by Noydermot
Look for a reliable data? - visit www.forexdata.biz
Here you will find a vast data collection. Intraday data for 11 currencies since 1997. EOD data since 1986 are free of charge.
Formats are compatible with most popular trading software. Monthly updates.
I have a book "Trading Chaos - Bill Williams - Wiley Finance" which is really great for learning Williams for FOREX. Its fundas are fantastic. I m ready to scan it whole 251 pages and provide you for just $5 egold. Ithink its more than worth I mentioned here. if need pm me ajay130476 @ yahoo . com (no spaces)
I have a book "Trading Chaos - Bill Williams - Wiley Finance" which is really great for learning Williams for FOREX. Its fundas are fantastic. I m ready to scan it whole 251 pages and provide you for just $5 egold. Ithink its more than worth I mentioned here. if need pm me ajay130476 @ yahoo . com (no spaces)
Ajayrekha,
relax. It's not about scanning books or reading a lot. It is about being in the process, experiencing it and then doing your own conclusions: what was positive, negative, what to do next. Try it this way with demo account and give yourself a month or two to EXPERIENCE the flow.
I played pro basketball 20+ years ago and - with all TV and commercials - a lot of folks still don't have a clue how to make a free throw (even now in the NBA). Why? Because they don't analyse themselves, they just try to listen to everybody around what to do. Small details, applied gradually, make us improve, not reading scanned books. Some outside advice is always handy, but most rely on your own experiential wisdom. As NIKE would say JUST DO IT!
The only advice - get forex demo account and build your own strategy.
...
Watch for entries from folks who know and do forex trading: AWTY, I_Con_You, DriverDan, PhilDunn, etc. They've written some treasures!
...
ML
May I humbly state that I do not deserve such praising.
Why?
I am still on the quest for the illusory 'holy grail'. Still dreaming!!!
How can such a poster even be considered a 'trader' at all?
I am only a lesser noob.
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