[goo3]

Originally Posted by van_driver

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.




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.