My favorite indicator is the MACD I use it for my buy and sell signals. I learned how to install and use it properly from this video [URL deleted]
In the video you will see clear picture and explanation under the picture explaining how you can use it. For my strategy I also use it with other...
It is only beneficial when you use leverage wisely. And when choosing a leverage you have to weigh your trading ability especially your trading experience if it can be able to withstand the risk involved with high leverage.
Forex is very risky and so there are always losing trade. Most people are afraid to trade in forex because they do no want to lose. As much as it is risky it is also profitable and open to everyone to trade and earn profit. To trade forex you have to be willing to lose in order to be successful.
Alot of traders uses technical analysis because it is easier to make trading decisions using entries and exit from price actions. It has been always difficult to strictly make trade from a fundamental point of view. So most trader normally combine both the use of technical and fundamental...
In forex you have to be ready to work hard if you want to earn. You do not cant make millions overnight without knowledge and determination. Forex is also risky and loss is inevitable. Choose a good broker that suit your trading style .
Having a plan and developing one is one of the top priority in forex trading .A plan enable the trader to remain focus and serves as a guideline for the trader to follow . When you have a plan your emotion can have little negative effect on your trade.