Hello all,
I started reading about forex trading a while ago. At the beginning I was very enthuziastic and everything seemed to be easy I made some good trades on several demo accounts ... beginner's luck of course.
I decided to go for a real account soon so I started reading some technical stuff, but as far as I go into the reading it's harder and harder.
I think I will base my trade decision on technical analysis rather than fundamental, but still not easy
What chart period are you using and what indicators? For the last 2 weeks I tried to identify patterns (candlestick patterns) and enforce them with some indicators like RSI and MACD on 1, 5 and 15 min charts. I can say that trading in 1 and 5 min charts it's .... too hard to do it.
So what can you advice me? What charts should I use and what indicators are best ? I want to trade like a pro not like a beginner
BTW, I traded only EUR/USD pair.
I started reading about forex trading a while ago. At the beginning I was very enthuziastic and everything seemed to be easy I made some good trades on several demo accounts ... beginner's luck of course.
I decided to go for a real account soon so I started reading some technical stuff, but as far as I go into the reading it's harder and harder.
I think I will base my trade decision on technical analysis rather than fundamental, but still not easy
What chart period are you using and what indicators? For the last 2 weeks I tried to identify patterns (candlestick patterns) and enforce them with some indicators like RSI and MACD on 1, 5 and 15 min charts. I can say that trading in 1 and 5 min charts it's .... too hard to do it.
So what can you advice me? What charts should I use and what indicators are best ? I want to trade like a pro not like a beginner
BTW, I traded only EUR/USD pair.