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Complete beginner — what should I learn first?
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3 months ago
Hi everyone! I'm brand new to forex trading. I've been reading a lot online but I'm getting overwhelmed by all the different indicators, strategies, and terminology.
Could someone give me a structured learning path? What should I focus on first? Candlestick patterns, support/resistance, or risk management? Also, which broker would you recommend for a beginner with a small account (starting with $500)?
4 Replies
That's a solid strategy. Have you considered adding volume as a confirmation? It can help filter out false breakouts on lower timeframes.
Good analysis. One thing I'd add is to watch the COT report — institutional positioning often gives early clues about big moves.
Interesting perspective. I've been using Fibonacci retracements alongside support/resistance and it's improved my win rate significantly.
The London session open at 8 AM GMT is often where the real moves begin. I've built my entire strategy around that window.