Forex Factory
A lot of people out there have questions about which indicators to use, this has resulted in the need to consult other people on what works and what does not. In the past this would mean that someone would have to attend college or consult a professional for a fee, luckily the Internet has made it possible to learn for free. Forums such as Forex Factory have users who are available to help new traders on the road to enlightenment, although like anything else everything should be taken with a grain of salt. When receiving a certain piece of advice or strategy it is important to test out those theories in a demo account before betting on someone else’s strategy with real money.
There will always be people out there who know more than you do as a trader, running something by them is not going to hurt your chances of success. If anything, learning how to properly weight the advice of others against your own intuition will be the most important lesson learned on the way to success (that and knowing when to close a trade). Forex Factory is a friendly place in which no question is stupid, and it is a place in which every question should be asked at least twice. Do not be afraid to seek out help when you have questions about indicators, Sl/TP or anything else that might come to mind. While the finance world may seem like a cold place sometimes there are people out there who enjoy helping one another.
