Learning Forex Trading?

[Rahul]

Hello,Can you please 1. recommend some resources to learn forex trading2. Mention what all aspects need to be covered when learning forex trading.3. Mention all aspects to be considered while placing the trade.4. mention Which are most widely used indicators and what are its values.Thanks & Regards,-Rahul

[flying_eagle]

1. See links below2. Need to know fundamentals that can affect currency price. Like what news is coming out - data and stats that are being released and when as some can move markets quickly.3. You need to know your exit plan when you first place your trade. Know when your break even point is and at what price you are comfortable to take a loss and to take a profit.4. Most widely used indicators are the most basic ones - KISS! keep it simple stupid! Moving averages, MACD, Bollinger, Candlesticks are what most traders use.

[writer35]

Ask five economists and you'll get five different answers (six if one went to Harvard).
Edgar R. Fiedler
forex trading journal