Hi,

I'm embarking on an amazing journey on 'currency trading' and I'm currently in the process of understanding the basic concepts so I can understand the market completely.

When should someone sign-up to the Forexoma Analysis Program?

Should it be done after reading all of the material that's publicly available on the website (i.e. Forex basics)?

The reason why I ask is because I'm still trying to grasp the basic concepts (I wish I paid more attention in my economics class). I will eventually get there but are there more educational articles within the Forexoma program tailored for extreme beginners whilst still having the capability (and confidence) of submitting orders through a 'live' account.

I've setup a demo and live account (as a micro account) and I'm in the process of setting up my charts (I'm using DealBook360 and not MetaTrader so I can't import the profiles on this website) to better understand the concepts that are delivered on this website.

I'm also limited in 'real estate' on my desktop as I operate off a laptop so I'm trying to utilise the screen in the best way possible.

Lastly, to the Forexoma team: Keep up the excellent work with this website!!

Regards,

spirosl

Hi spirosl

I would suggest that you read everything that is posted in the public area before subscribing. Then open a demo account with FXPro and use the Metatrader platform so that you can import the charts Vahid posts and compare like for like. Once you are happy you understand what you are doing then you can decide if you want to use a different platform for actually trading. Once you understand the concepts of analysis and trading it will be quite easy to learn the operation of a different platform.

I would also suggest that you don't touch the live account until you have traded profitably with a demo account for some time. Trading Forex profitably is not as easy as it looks!!

All the best

Michael

Hi Michael,

Thanks for your prompt reply.

I'll do as recommended. I had a feeling that I might need to setup MT4 but I feel it's worth it for Mr. V's excellent analysis and advice.

One trouble I'm having is remembering all of the different patterns with our blessed candlesticks when viewing them in a 4H chart. Right now, I'm setting trendlines for support and resistance and seeing what the market is doing. Sometimes, I find that I might create a trendline but it seems to be outrageously wide so I'm guessing that I'm picking a point too far left of the chart for analysis.

Through reading some of Mr. V's articles, I'm finding some sort of kindrid awakening with his style and my understanding of the market (which isn't that extensive at the moment).

There is so much information out there on the Internet that I'm hoping to lock in to one resource to make my life easier.

Regards,

spirosl

Spirosl,

Michael gave you exellent advice. I have nothing to add other than to take your time and don't rush yourself and you will know when you are ready to trade a live account.

Hi Spirosl,

I see that my friends have helped in the best way. I do not have anything else to add. Just make sure that you have the basic knowledge of using the MT4 which is the trading platform and you know the technical analysis basics. You can read my articles and they look enough. Then you can join the paid program and start watching the videos and take the positions with the demo account. After you found yourself in the level that you felt you can trade with the live account, you can do it but with a very very small amount of money. After building your confidence, you can increase your account and trade size and make reasonable profit.