Hi everyone, this forum seems to be a great place to learn from people who are really putting effort in to do this full time. I love reading the discussions over tesing trading systems etc. and I'm very interested to learn more. I have one pertinent issue though; and that is that I use the Forex.com Java software. It seems pretty limited, and I see people mentioning MA (moving average) 50, etc, while I only have a choice of SMA or EMA in this software. What would you recommend as affordable software to trade with? I'm 19 years old and intend to begin real trading for a steady income before 2006. Thanks in advance!
SMA (simple moving average) and MA are one and the same. See the "Books" tab above for some recommended TA titles. Before talking about "real trading for a steady income" within the next 6 months, why not open a demo account with any forex broker and challenge yourself to become consitently profitable there, for starters? If you want a recommendation, can't go wrong with Oanda FXGame, and then FXTrade, when you are ready.
You posted under another nick right? I saw another post formated this way. XD amibroker There is a free version. Unless you trade live, there is no need for the paid version. If you go live, its only $192 for the paid version.
Hi, thanks guys. I've been using a demo account at Forex.com. Who are FXTrader and why do you recommend them? What broker software shows volume? Forex.com does not. :\ By the way, I have not posted under another nickname.
there are no volume for Spot Forex dealers. (Oanda, Refco, Forex.com etc etc) Metatrader has a free platform which simulates volume though : http://www.metaquotes.net/metatrader It has a built-in custom indicator builder and backtester BUT the codes are quite INSANE to master. only Forex Futures traded at CME (www.cme.com) has official volume.