Please experts, tell me a trading strategy.

Devin · « **on:** August 02, 2011, 12:57:07 AM »

I am a new in forex market. I am learning about the market of AUS/USD. How it move.Tell me some strategy, to get profit from this currency.

Vivian Chen · « **Reply #1 on:** August 02, 2011, 08:57:00 PM »

If you are new to forex, the best is to start learning about technical analysis & chart patterns. Technical analysis is a way to predict the future movement of forex. It is a technique that works for both the forex and the stock market.

http://www.forexscreener.com/ is a good site that you can scan for patterns.

tommans · « **Reply #2 on:** September 07, 2011, 06:32:27 PM »

Yes i think technical is easier for new trader. Fundamental is too tough too much information to take in. Technical gives simple rules to follow. Read "Trading in the Zone" by Mark Douglas it is a good book.

chungkshinnn · « **Reply #3 on:** November 26, 2011, 01:17:51 AM »

I do have this book called "Trading in the Zone" by Mark Douglas and yes i agree it is a nice book to refer but i just want to have more knowledge about this thing so can anybody tell me some more books for reference.

Please experts, tell me a trading strategy.