Msddigue, let me just shoot straight about your original query. I just now spotted your thread. I can also tell you are a newbie.
My thing is never buy a seminar or DVD set from anyone. If they knew how to trade, they would not be selling you their paraphernalia. As an example, I'm an excellent trader. I will never try and sell you anything, because I make my money trading.
Got some common sense. It is possible to make 5K per day trading. Ask yourself this. Why would you have the need to sell anyone anything if you were actually making that kind of money?
If you want to make money in this business, then take time to learn a proper method to trade by. That takes work and effort, and many people don't like the sounds of that. This is also why you have so many people selling EA's. Give me a break! If there was some way to hook some automated gadget to the computer ad make money we'd all be doing it.
Finally, let me respectfully disagree with one of the posters on this site. You do not need a knowledge of the world economy. The only thing I use are my charts to make trading decisions. I'm in a brilliant short right now on the GBP/AUD that I caught right at the peak, but do you think I could care less on what is going on in Australia or UK? Nothing doing! It was time to go short (Make a long story short--no pun intended.), so short I went.
Visit my thread on this site at "Some of my forecasts". I unabashedly post my forecasts from strictly a technical point of view. You might gain some ideas. Someone mentioned Baby Pips. That's also a good one. Action Forex is, IMO, the very best site, and they have lots of free material. James Saetelle at FXCM is excellent.
Hi Guys,
After many months, just a bump to see if anyone has got any fresh perspective / feedback / experience to share on the topic of this thread.
Appreciate all the guys for their valuable inputs & feedbacks so far.
Thanks.