new to forex, page-10

Hi Vulture,

I'm new to this too.

I use igmarkets trading platform. I can trade mini lots which are generally $200 worth. Each pip You make/lose $1. I only trade aud/usd now.

My view is to get to know one or two pairs really well and stick with those.

I only use bollinger bands and stochastic on a candle chart. I have studied most the other TA (Technical Analysis) things, but for me this combination gives the strongest prediction of movement, especially the bollinger bands.

I can often pick with about 95% accuracy on movement. My issue is the emotional side of trading.

Emotions are the catch imo. If there is no fear and you rush in to a mistake without a good stop loss, you will be history. On the other hand too much fear will stop you doing trades when you know you should.

It's nice to only trade 1 or 2% of your account, but if I did that I'd only trade $30 or $40! Beggars can't be choosers I guess.

Good luck with it.

cb25