Hi,
I lately gained serious interest in Forex (in the previous year), also have opened a demo account with Oanda.
I shall finally log my transactions on this thread, and will gradually trade live.
Please feel free to indie any recommended material to read. Additionally, please feel free to post any advice for novices such as, what to read, what not to waste time and if to jump in or jump ship.
Finally, I am wanting this journal to become a helping manuals to other people like myself. I know there are several other people on this forum, but yet another should not hurt.
Thank you,
KK
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I opened a demo account with MB Trading. I might use them to get a live account when that time comes....when I am ready and proven myself on my demo account!
After I started this journal, I moved out and got a few basic couple courses from PeterFM on PSR trading. This opened up my eyes somewhat about the best way best to draw PSR's and distinguish on which do and do not matter.
Next, I continue to read James16 thread and Strat's thread to determine my trading style and edge.
Currently, I am still studying and will start my demo with a trading plan. A very simple one I have yet to write but it is in my own mind. (I know I know, I have to write it down )
I feel so clustered with the amount of material I feel like I want to read and re-read but I also feel pulled to begin my demo trading and have a desperate need for more screen time.
Anyhow, enough rambling. My trading style is technical ( at least I believe so, I might be trading funny-mentals and not even know it):
I will trade in the direction of the MONTHLY trend ONLY with keeping the WEEKLY trend in mind. - Strat's material
I shall trade off PSR's (round numbers inline with PSR's) - PeterFM's material
I shall activate my transactions based on Price Action such as Pin Bars, Interior Bars, BUOB, BEOB, DBHLC, DBLHC. - James16 material
I'll avoid weekend transactions and news days.
Thanks,
KK