My best advice will be to start off by visiting
www.babypips.com/school
That site will clear any questions you have about forex and will really help you understand how most accounts work. Myself, i'm a newb aswell but from searching through the net i've found that site to be the most useful one out there.
Personally, I used that site uptil Grade 5 or 6 and I got a good feel for things. Even though it tells you to do the whole school, I think i'll just get confused if I know more techniques, indicators etc.
Quote:
Originally Posted by goo3
BTW, what's a unit in Oanda's platform? I'm confused.
|
I think your talking about pips. A pip is the smallest unit of change in a currency. For example: If the EUR/USD moves from 1.2250 to 1.2251, thats ONE PIP.
As for the emotional part of Forex, I have been recommended to read the book "Trading in the Zone" by Mark Douglas. I still have yet to read it but have heard great things.
