newbie from Ghana

FTMO Trader Scouting

Joyjoy

New Member
Hello guys, I just joined you. I'm a novice trader with very minimal knowledge. I want to learn from your resources. I'll be grateful if any of you can point me to some good resources here. Thank you.
 

Eagleɛyɛ

New Member
Hello guys, I just joined you. I'm a novice trader with very minimal knowledge. I want to learn from your resources. I'll be grateful if any of you can point me to some good resources here. Thank you.
Search everything Forex on telegram to get access to lots of resources.
 

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malfoy

New Member
Hello guys, I just joined you. I'm a novice trader with very minimal knowledge. I want to learn from your resources. I'll be grateful if any of you can point me to some good resources here. Thank you.
Nice to meet you! I hope we could get along here
 

ddb1975

Member
Hi.

Lets share some ideas on trading forex as we embark on our journey to success! Below are my opinions or suggestions as we engage the charts:

1) Open a demo account and paper trade your results.

2) It is vital to know what is a swing high and swing low. Learn what is support and resistance using higher timeframe (HTF) analysis.

3) In the beginning, select one pair to trade. Which pair to trade, one might ask? I say Google it. I have selected USD/CHF. The most sought after pair is EUR/USD.

4) Ask yourself, "What type of trader am I?" Do you want quick results? If yes, then scalping might be the way. If you don't want to be in front of the charts, then positional trading (long term) might be the way for you.

Obviously, there's a lot more ways to approach how you learn as a trader. I just wanted to open up a discussion what opportunities and challenges that we are faced with. Please feel free to share your story. Lets sharpen each other's knives!
 

ddb1975

Member
Hi all,

Lets set a time and day to go over the ICT content or do anyone have any suggestions on how we can grow together in this forex universe?
 
Hello!
I am new here as well.)
But I am not new to trading. So if you have some questions you are welcome. I would suggest you start to learn some basic indicators, such as Macd, rsi, and volume. You can easily find reversals with these indicators. Also, a strength indicator is a must-have. The currency strength meter is a general name of the indicator that shows whether you’re dealing with a strong or weak currency. This algorithm-based indicator relies on the exchange rates of various currency pairs to provide a degree of each currency’s strength. You can check a full guide here https://libertex.com/blog/currency-strength-meter
 

ddb1975

Member
But I am not new to trading. So if you have some questions you are welcome. I would suggest you start to learn some basic indicators, such as Macd, rsi, and volume. You can easily find reversals with these indicators. Also, a strength indicator is a must-have. The currency strength meter is a general name of the indicator that shows whether you’re dealing with a strong or weak currency. This algorithm-based indicator relies on the exchange rates of various currency pairs to provide a degree of each currency’s strength. You can check a full guide here https://libertex.com/blog/currency-strength-meter
Not a big fan of indicators, pure price action is my approach (smart money concepts). I do use the 9 and 18 EMA from the daily to gauge the trend and that the daily and 4hr chart are in sync before I consider to enter a trade. Also, I use horizontal lines that I plot on the daily charts to identify sensitivity areas (where price reacts) and use the lower timeframes to enter based on those areas. Time of day helps me to determine the volume within a given pair. For example, between 2am est to 5am est is considered the London Open. As we all know as traders and inspiring traders, the L.O. has a lot of volume and 8am est to 11am est is considered the New York Open (N.Y.O.) and has a fair amount of volume as well. I encourage you to analyze the charts between these hours and you will notice a behavior in the market that happens most times, if not all of the time. It is so generic, but it also surprising. Pay attention to when the high and low form intraday.
 
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