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Support and resistance levels are price levels at which the currency has historically struggled to move below (support) or above (resistance). Traders use these levels to identify potential entry and exit points in the market.

yeah As he said, it's basically it. But this ain't the right thread buddy, watch out cheers

Thanks for your post-Ryan, you know we appreciate it. IF anyone wanna start with Ryan's EA, just send him a private message.

Economic indicators provide insights into a country's economic health. Positive data can strengthen a currency, while negative data can weaken it. Forex traders often analyze and react to these indicators to anticipate market movements.

Fundamental analysis involves analyzing economic, political, and social factors to predict currency movements. Its advantages include a long-term perspective and understanding of market trends, but it requires in-depth research and may be time-consuming.

Emotional control is crucial in forex trading. Traders can manage emotions by sticking to a well-defined trading plan, using proper risk management techniques, avoiding impulsive decisions, and maintaining discipline even during periods of losses.

There are various trading strategies in forex, including trend following, range trading, breakout trading, and carry trading. Each strategy has its own principles and risk-reward dynamics, and traders choose a strategy based on their trading style and goals.

Forex traders use technical analysis (chart patterns, indicators) and fundamental analysis (economic news, geopolitical events) to analyze the market and make informed trading decisions. Many traders also use a combination of both approaches.

To start trading forex, you need to open an account with a reputable forex broker, complete the necessary documentation, deposit funds, and choose a trading platform. You should also educate yourself about forex trading strategies and risk management techniques.

The major currency pairs commonly traded in the forex market include EUR/USD, GBP/USD, USD/JPY, USD/CHF, and AUD/USD.

Forex trading involves the simultaneous buying of one currency and selling of another. Currency pairs are traded on the forex market, and traders speculate on whether a particular currency will rise or fall in value against another.

Forex trading, also known as foreign exchange trading, is the process of buying and selling currencies with the aim of making a profit from the fluctuations in their exchange rates.

As you already know, you can get an EA to work for you, it means automatic trading. No need to have knowledge, no need to invest time, for doing this you'll need to share 20% of the profit with the EA creators, or buy the EA (10k). Here's how you activate it step by step. Choose a broker from...

I won't delete your post, but you should really post this kind of stuff here: https://tradingknowledge.com/forums/success-stories.9/

Forex market is open from 22:00 GMT Sunday (opening of the Australian trading session) till 22:00 GMT Friday (closing of the US trading session).

It really depends on the quality of the trades you make, if you wanna be VERY tolerant to risk (because you are't sure of the quality of the trades), you can start using 0.05 for that size. or even the min, which is 0.01. Get used to the drill, once you win 7 out of 10, increase the lots a bit...

basically, talk to the user agent or follow the steps on the sticky. You'll need to create your account under your name, fund it and that's it. The rest is 100% hands free

Sure thing, most of the traders start that way. Make sure to check the steps to start, don't go and download the app directly from the "play store"

Stop loss is a valuable tool utilized in forex trading to reduce potential losses on a trade. When entering a trade, traders can set a stop loss order at a specific price point where they would like to exit the trade if the market moves against them. The trader's brokerage will automatically...

We actually have a thread with the top EAs buddy https://tradingknowledge.com/threads/top-automated-trading-eas-for-mt4-mt5-official.3/unread