Forex Forum to Share, Discuss, Communicate and Trade Forex
This forum is for new and aspiring Forex traders. Trading can be very risky but can also bring great rewards. No one starts with continuous success but many continue with the success. It's a continuous learning, unlearning and learning again. Ask your questions, share your frustrations and also smiles of success. The objective is to have more and more smiles. Hoping to have the pros to frequent this playground to coach the new team here.
Hey guys, I am sort of new in this and I have read some resources to understand more about forex. I however have some questions and I thought I will ask it in here.
The candlesticks that keep on forming in the MT4, I want to know what does each candlestick represent, I mean i know that they have shadow, it can be long or short, has body and even has names and etc. But I want to know that when does a candlestick form and when will it form again after that. Moreover what does it mean when it is said that buyers are winning or sellers are winning, I know what is bullish and bearish candlesticks but what does it mean in real life?
Forex itself is a fun and learning Forex is a big fun.If a trader wants to be a great trader then he should know how to trade and how to manage money in Forex.If you learn more you will earn more so keep learning and earning.
Candlesticks are yet another way for displaying price dynamics, particularly up and down changes. That's it. Linear graphics have the same function however you can't see obvious changes and need to use additional info.
while some traders more prefer an informative way of learning, instead of reading they prefer to watch video tutorial, you can find many in youtube, but most of them are too long to watch, some video are over 2 hours duration in single link, found this one well informed video, and more interactive video tutorial, you can select which one you need to watch, based on your knowledge level, each video only at average 3-5 minute duration, you may check at :
there are many resource available on the net which has been very helpful for traders, i found Forex camping web site as one of the websites which has described the forex market in very understandable way.
If we want to be successful in any work then we must enjoy it, that’s the only way to be successful. If we do something taking it as a burden than results will never come. I am always enjoying my learning and earning as well thanks to OctaFX broker. They have different sort of contest like Champion and cTrader. Both are extremely exciting contest as Champion is a monthly contest with 500 USD prize for first position and cTrader is a weekly one with 150 USD for 1 position.
I get basic knowledge of Forex by reading ‘Free Forex eBook’ of TradingBanks trading broker. In addition, I manage advance level knowledge from video tutorial from this ECN trading broker. This is way, now I am regular profitable Forex trader in my live account. Never take it as a fun. If you want to learn you should take it as serious as possible.
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