Miscellaneous:
Hello guys.... I'm stuck

I have read a lot on babypips and some books on TA. I just don't know where to begin now. Like where to practice, can I do TA on android, what pair to start trading with(maybe on a demo or live)... I just cant put things together in my head. I need your assistance

TheYoda:
Why not post it here, other might like what they see and decide to help you. Whichever way though, most of us know you will blow the account, so deposit something you can afford to lose.

Harsh but the bitter truth.

PIPnator10:


Open your first demo account and click buy or sell. The more you click buy/sell, the more you ask questions, the more you will get answers.
I opened my first demo account without knowing how bid and offer price relates to trading.
Those times I wondered why immediately I clicked buy, I will start making a loss even when price haven't moved.
I got inquisitive, researched more.. thats when I got to know that as it applies outside trading, so does it apply to trading.
That is, if you buy/bid something at certain amount, you are gonna sell/offer at a different amount to cover costs.
And actually my first demo was with saxobank stock trading, not even FX trading. I did that for weeks before I came across this thread.
I literally started my FX trading journey from here, thats the reason I hold this place dear to my heart.
I went straight to open a live account with 800$, traded it for another 2 weeks before I crashed everything.. . I DONT ADVICE THIS. TRADE DEMO FIRST IF YOU HAVENT AND FOR A LONG WHILE BEFORE GOING LIVE.
Well let me save you the story of my journey but what I am writing in effect is, start if you you think you can. You've gone through babypips, dont let all you've learnt from there only exist in your head. Put it to practice by opening a demo if you think you wanna trade.
The reason most of us are here is because just like you, we (at least myself) dont know much and we wanna learn/know more, get answers too.
Good luck in your journey.

Miscellaneous:


May God bless you. I dont mind trading demo for a year. I just like playing with currencies. I have been looking charts on binary options but I got out when I heard it was gambling. Binary options are not tied to any asset, you know. Just some algorithms. Can u recommend a good forex broker to start out? Can I do Technical analysis/charting on android?

PIPnator10:


Since its demo, I think any broker will do but there is a consensus around here that brokers like hotforex, Xm, ICmarkets are good. You may narrow your trading to them. When you say android, you mean your phone or tablet? Some people do that but I will tell you this, the smaller the screen, the harder it is to chart and do your analysis on it. Especially when you are just starting off. Try a bigger screen like laptop.

Miscellaneous:


Thanks boss... I'll be using my tablet. Laptop isn't that mobile. God's blessings & more green. Can u tell me any cool pair to start my demo on?

PIPnator10:


USDJPY/EUSDUSD can be a good start.
There movement is not always aggressive.

AK284:



Have you traded with the prop firm before?

Miscellaneous:

Please man, I just opened a demo with hotforex. They said I should download mt4 platform. Is it compulsory? How large is it in size? Can I use the same mt4 for other broker?

AK284:



Have you traded with the prop firm before?

AfroAgroPower:


They share with you whatever amount you make on your $50,000 account.

That is; if you make $10,000. They get 50% of this amount while You get the remaining 50% of this amount at the end of the month.

PIPnator10:


Yes its compulsory to download MT4.
That's where to place trade.. buy or sell any instrument (USDJPY/EURUSD)
When you download MT4, use the detail they sent to your email to log in to your MT4.
I dont know the size. Yes your can use the same MT4 for different broker but that shouldnt be your concern for now.
Download and log in to your MT4 and wait until Monday when markets opens to start trading.

Miscellaneous:

Thanks. Trading starts monday 00:01am to friday 12:59pm right? Does it apply to demo too?

Sorry for my questions.

AfroAgroPower:


We are presently trading for them.

You trade for them not with them.

It is expected that you are a good and professional trader before subscribing to their opportunity portal so you don't lose their money.

Zabiboy:


Any special doc. Needed to subscribe

PIPnator10:


Yes.
Everything that happens in live account, happens in demo too.

AfroAgroPower:


You are doing a great job Pipnator10.

walexy100:
People, I just learnt something new with WVAP. It tells us when pairs have capped or bottomed for correction or reversal. It's like the array of big figures in the calculation is not just for fun; every figure computed has its own use.

fucc12:

Let us in

saxy4c:
If you took that sell, you'd have been up 90pips almost 3R .
Some of these things aren't too complicated. A key factor for me is learning how to see things from HTF first,
the LTF just have a way of automatically following those levels. All the best bro.

saxy4c:
If you took that sell, you'd have been up 90pips almost 3R .
Some of these things aren't too complicated. A key factor for me is learning how to see things from HTF first,
the LTF just have a way of automatically following those levels. All the best bro.

TheYoda:
All this half baked talk , 40% strategy is good enough? you even called it gold mine lol . Are you living on Jupiter where they have different trading rules hehehe. Even with minimum 1:1RR you will be good broker customer, always funding your account.

Miscellaneous:


Thanks boss... I'll be using my tablet. Laptop isn't that mobile. God's blessings & more green. Can u tell me any cool pair to start my demo on?

AK284:



Pinator10 had gave you a solid advice,for beginners, Having a desktop with a large screen or Laptop is compulsory, and if you think trading is all about what's is convenient then you will be in for ruff ride.
For me your phone is just for monitoring trade but for serious and real technical analysis, nothing beats seeing thing clearly on your screen.

AfroAgroPower:


They share with you whatever amount you make on your $50,000 account.

That is; if you make $10,000. They get 50% of this amount while You get the remaining 50% of this amount at the end of the month.

Miscellaneous:


Hmmm.... this thing is getting scary

Cant I use my tablet?

AK284:



Truth is bitter, but it's the truth, trading had been labelled very easy by marketers, charlatans e.t.c
But it's one of the hardest profession on Earth, it's no joke and if you're are serious about it,then get a system.
It's not an assurance for success,but at least you will be on the right path.

ekesoft:

Not naira !!! It’s a virtual credit card and it has a foreign address

Cutefine042:



Hmm. Love this challenge. I'm expecting some cash before the new week runs out about $30. I would fund my account and trade, then drop progress here

Miscellaneous:

I have a pc. I just felt it will be okay on a tab. Thanks mate. I'll heed ur advice & use pc. Thanks a million