somehow I wonder why I didn't participate in this topic more than I should .... I have written step by step forex before with a twist that MOST ppl don't tell .... in step 4
"you must learn Expert Advisor in forex trading, else you REALLY don't know what the hell you are doing even if you do ..."
full info here at http://malaysiapersonalfinance.blogspot.co...ust-use-ea.htmlthe steps1. download FREE forex trading software from MetaTrader4
2. Get the demo account for FREE and then learn to buy, sell, long, short using the trading platform. Make as many buy sell transactions as you can and observe why the result is different than you would expect.
3. Understand price gap which is Different in each currency pair. You should eventually find out that there are only 3-6 currency pairs that you should trade in because they have the smallest price gap. This price gap is dynamic and it is possible that the gap changes right at the moment you execute a transaction, although not often.
4. Understand Expert Advisor feature in the software, you should learn (a) how to use it and how to (b)implement your own trading strategy.
5. Use real money ONLY after you have found an investment strategy that is proven can bring you return more than 60% of the time.
6. Apply money management, risk reward ratio, win lost ratio etc.
This post has been edited by mtsen: Jul 14 2009, 04:38 PM