[param]

Hello all,

I am a newbie in forex and is in the process of studying the different aspects of technical analysis.

I did read books and internet forums to understand technical analysis. Started a demo account with FXCM and tried to trade for couple of days and found myself loosing a lot of pips. I realise that i do not have any specific rules/stragtegy to trade and i was just trying to make some judgement from the 5 min charts. BTW, I have been trying to trade on GBP/USD pair.

I have read the trading startegy forum to shape up some strategy, but most of it were too much to digest.

Could you please suggest me some sort of strategy that would fit a beginner and upon which i can build up my knowledge on forex.

Thanks a lot in advance.....

Regards

Param