Quote:
Originally Posted by nikolaou
hi, i am new to metatrader and forex. just made the leap from equities, and i need some help.
i have just added pheonix to my metatrader and i am tryin to figure out how it works, put it ontop of my chart and i have the pheonix and the smily face smiling away but i am trying to figure out if that is all i do. do i just sit back and wait?
how do i know what it is trading.
is there nothing else that is supposed to appear on the chart?
THANKS A LOTS YO!
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Hi,
If you let met give some advice you need to learn what´s trading first
Trading isn't just sit and wait, is a complex task.
About Forex, EA, MT4 an some basics go here:
http://www.forex-tsd.com/general-dis...der-forex.html
Then read other threads like
Stochastic Oscillator
MACD indicator
http://www.forex-tsd.com/setup-quest...indicator.html
The section to get material:
http://www.forex-tsd.com/documentation/
I highly recommend your to read some basic books about trading.
This is just to start.