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MS & FOREX Newbie requires any assistance

Last post 11-08-2007, 14:38 by SPATEL1982. 2 replies.
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  •  11-05-2007, 14:51 25696

    MS & FOREX Newbie requires any assistance

    Smile [:)]Hi Guys!

    I'm a newbie to MS & Forex trading (infact cluless!).

    I have some experience of trading stocks and know options.

    I want to have a dabble with Forex and the RMO trading model seems good to me.

    I understand technical and fundamental analysis but I don't know where to start with FOREX!

    I've loaded for example, EUR/USd to trade and I understand the RMO model and when to buy and when to sell signals.

    But I have no strategy and I don't know which currencies to trade. Which sites can I use to find this data?

    Any advice to point me in the right direction would be very much appreciated. I won't start real FOREX trading till I am more confident and competent with FOREX.

    Thank you.

    SPATEL1982 Embarrassed [:$]

  •  11-06-2007, 4:45 25700 in reply to 25696

    Re: MS & FOREX Newbie requires any assistance

    hey 82.....  you can look under the forex tab at hayseedville for many such sites.... i'll be adding to and reorganizing that list this week btw.....

    depending on which forex broker your using there may be a forum on it..... that fx forum should be more active.... the fx part of this forum never seemed to take off.....  doc tried to create interest but you need several active people not just one..... or the occasional 2.....

    my metastock fx copy is expired so i can't help much there.....

    you mentioned options, which suggests your accustomed to the painful effects of leverage.... fx leverage is several powers of 10 greater, so a valid strategy is almost a necessity.....

    ibfx has demo accounts which can help prove in strategys.....  h

  •  11-08-2007, 14:38 25721 in reply to 25700

    Re: MS & FOREX Newbie requires any assistance

    thank you for your help hayseed, your very kind!

    I'll certainly try to help liven this place up.

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