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Originally Posted by Quicmann
Hi mark3
Thanks for being a good guy. I am completely new to forex and have been reading my spinal cord to breaking point since the past three months- yet have not been able to lay hands on any good trading strategy. Please could anyone teach me how to read charts and its applications.
Quicmann.
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I'd suggest getting a book on techincal analysis, Martin Pring has some good books out there. Start with the basics, trendlines, ranges, and looking for multiple tops/bottoms. You can then start to add indicators and see how they suit you. Develop a system that you can follow, from pre-market prep to entry to exit with rules that can be defined and followed. Then practice, practice, practice ... Bottom line is, there is no better teacher than experience!
As was previuosly stated, there are a handful of strategies in this forum. Find one that suits you, the difficult part is being disciplined enough to not stray from the system and patient enough to stick with it after a few losses. There is NO system that is 100% accurate ....
Good luck
(it will take work)