Quote:
Originally Posted by Steve Robinson
Hi All! I am a Deutshe Bank Financial Advisor, I´m beginning in this job and I need to learn Forex trading. May you give some tips to begin in Forex?
I will really appreciate your help!
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Welcome to forex my friend. We will try our best to help you out to survive in this market I call it beast unleashed. I myself is unleashed therefore I like trading forex.
By the way what kind of help do you need?
TSD is full of it. You will find out great writers here operating different threads and coding huge collection of indicators and eas.
As you are yourself is financial adviser you may need prospective other then finance, economics, and geopolitical issues. I beleive you already know all that.
Trading stocks requires to know about company's books, are they cooked?

or it is a real deal...what analysts are thinking about that company...is there any institutions buying of that company's stocks...is there any mind blowing news came up about that company...is there any volume accumulation you can see. Same thing in forex we need to know the bigger picture too and for better entry we take help from technical.
This forum is full of technical indicators.
The best technical tool in forex is to learn to read its language i.e. charts. Some people or traders say charts talk about past so indicators made up of charts are lagging and can not help. I agree indicators doesn't help to take trading decisions, however, they do help visually to find out spot on trade opportunities. I dislike indicators not because of their lagging attribute.
We all have, as human, most of the attributes of our parents in our DNA same like in charts. If, mistakenly, you see charts or graphs you will notice any next bar in making must have almost same attributes of the previous bars. So we can see and know when to get in and get out with the help of historical charts and bars.
So, my first advise to you, please learn to read its language i.e. spend some time to read charts pattern, candle/bar formations, price action, price patterns etc.
Put some maths in it try to learn fib numbers. Find out about trend is my friend and by the way more then 80% any given market range. So don't forget to know about how to trade when market is ranging.
I think it is enough for you to kick start in forex. I should understand being a financial adviser you may know most of them.
Again welcome to forex world.
SFX