[markoda]

I recently started trading in the forex market and was wondering if there is any type of signaling (i think it's called signaling) software that could help me as I learn this market. Any help or suggestions would be great.

Thanks

[sadscorpion]

I dont know any signaling software ... but as start i recommend you babypips school for forex.
you can learn more and get signal from my signals also.
There are lot of other starting Forex threads in this forum you can also read them as starting.
If you need any other help just send me message i will happy to help you starting forex business.

[ichimogul]

Originally Posted by markoda »

I recently started trading in the forex market and was wondering if there is any type of signaling (i think it's called signaling) software that could help me as I learn this market. Any help or suggestions would be great.

Thanks

I suggest you learn whatever there is to learn about forex first, like what sadscorpion recommended, or many of the good sites for forex education that you can search from internet. After all, signals comes from your strategies, if you have a good one.

[TaylorFX]

If you are just starting out on your forex journey add these to your bag of essentials: Read "The Complete Turtle Trader" by Michael Covel. Learn some forex trading strategies in a place like Everestforex. (You can even receive a $100 free bonus to trade if you pass their simulator). For the forex basics, check out ForexTrendFollowing. Hope you find it helpful. Happy trading!

[Alpine_Analyst]

Ahh yes, the endless journey of market education begins! Good for you! :-)

I don't watch much spot forex anymore, but I used to use, and still do from time to time, Aspen Charts. The first page you come to isn't that helpful, but if you register its a pretty neat product for charting and quotes (for free too!).

There is a book called "Technical Analysis" by Kirkpatrick, I found this to be a great place to start as the author begins with the history of the markets and develops concepts further from there. It's easy to follow, and well written.

[YertleTurtle]

Everybody has a different path to take to become a successful trader. For me a big part of "getting it" was to turn off indicators. Almost all indicators are lagging and (for me at least) caused me to be less engaged in what was actually happening in the market. I was waiting for %K crossing %D or MA crosses or whatever. Now I pay attention to market structure, support and resistance areas and price action.

If I was just starting out in forex I would watch 3 pairs (choose 3 of Euro, Yen, Aussie, Canada or Swiss) and watch them on one time frame.

As a beginner the keys to learning and not blowing up an account is understand risk/reward ratios. If you only took trades where your risk/reward ratio was 4 to 1 or better you would only need to hit more than 20% to make money. I cannot stress this enough. This means when entering a trade you need a clearly defined protective stop and price target. If you can do just this one thing you can make a little bit of money while learning.

[petermatt]

Originally Posted by markoda »

I recently started trading in the forex market and was wondering if there is any type of signaling (i think it's called signaling) software that could help me as I learn this market. Any help or suggestions would be great.

Thanks

I came across the website in my signature that may be worth trying as a start.

[henryduncan12]

There are some forex signaling software just go to Google and search with relevant keywords. I did not use any such software so not recommending for anyone.