Welcome To The Forex Bandit Site.
I Need To Give You A Disclaimer Tap Here
Any advice given on this site is just that advice. Always start trading with a demo account before risking your own cash.
Trading Lessons
Now we can move on to how I trade the Forex, and yes I also lose on trades as well.
How you might ask. Well the old saying, cut your losses fast and hang with the winners, sounds easy but it is not.
What I hope to do here is give you advice on the right things I have done and the complete mistakes I kept doing for many years and kept losing money.
Trading has become much more rewarding now and I enjoy making a good wage from trading. It takes lots of time viewing charts and understanding what you see and to feel confident to take a trade. Here To Help.
The biggest part of trading is the mental aspect. I will in lessons to come go into this in a much deeper Way.
Below a quick welcome video
I think the first thing to do is search Google for a free Forex Demo Account
If trading a small time frame you need a stop closer to your entry point. More advice to be posted.
Now below are the indicators I want you to download. Set up a folder on your desk top and save them there so you can find them easily. Next video how to load the indicators in Meta Trader 4 -we will call this from now on MT4.
Download the below indicators and save to a folder on your desktop.
Support And Demand Indicator: Good to see where demand and supply is at.This indicator often has updates below is Download link.
Here is link to their site for more information and latest download. Tap Here
Time Indicator below. Very handy to see current time on charts
The Average Daily Range
Now when using this niffty indicator shows left hand top, you will see the daily range and the range of pips for the day/ So say daily range shows 500 pips and on the day only 159 completed look at your charts to determine the trend. Then you can see there might be a chance of getting some pips with the trend. Video to come.
—————–
There will be more downloads soon. Check video below how to put theses indicators on MT4
Click right below square on video to enlarge video
Hopefully you now have a Free Demo Forex account and downloaded the above indicators and your chart looks a bit like below photo. If not leave a comment and here to help.
Tap to expand
Video On Supply And Demand Indicator.
This video is an extra to the Supply and demand video above as asked for from viewers
Now we move onto to fun stuff, how to trade theses indicators
There will be more information on these indicators as we trade live.
Click on link below to get more info on uploading indicators and how I uses them to trade.
Forex Trading Lessons One
How does one work out when to take profit?
Hi Mitch.All will be revealed, this is a new site. Go to Trading lessons post