You definately need to apply your time in studying the basics of FOREX and begin to formalize your trading personality. Then start to apply your ideas or apply someone elses once you understand why certain things might work in demo trading.
Personally recommend www.babypips.com , extremely informative for the beginner and best of all it's FREE!
If learning comes easier to you as myself with audio & visuals [videos] I recommend:
Investools Currency Trader Set: informative dvd set. Covers all the basics, [how to read Bar Charts/Candle Sticks, general terminology] determining what the FOREX market is doing: Trending Up/Down or Sideways [consolidation], Indicators and how to apply them to charts. Bringing everything you've learned together and applying what you've learned. Like this course for the many examples it demostrates and how the Instructor keeps it understandable and easy flowing [I've seen other forex dvd's and believe me I've snooze on some of them] The one thing I didn't like about this set is that it's using the REFCO trading platform for demostration purposes such as how to place an order, viewing the different currency pairs, what the PIP value is. We all know now what happen to REFCO
Another set I would recommend is,
Andy-X Insider Signals -you can actually read some mix comments over at forex*******s but, would take it with a grain of salt because they are abit bias. Especially since alot of the posts bash many other courses/systems and their OWN products receive good marks and always top of the list
Andy-X course is really for those individuals who have no prior previous experience at all with FOREX. This guy really covers all the basics and extremely easy to understand [Even with the British Accent] and really enjoy that he uses METATRADER platform and it's tools, which is FREE TO ALL! Covers how to setup basic charts, How to read the Trend Up/Down or sideways, using trendline as Support and or Resistance, Channels,using Fibonacci /"golden section", applying Pivot Points and bringing it together and watching Andy-X trading live. Also content on how to treat Forex as a Business and running it like one.
Hope this has been somewhat informative for those newbies and always question why someone will give you Forex Secrets methods, strategies, HOLY GRAIL for $99.99 [or whatever price] Maybe their the saints of this world and would like to secure their place in heaven by showing otherS the "Golden Road" to wealth, you think? "YEAH RIGHT!"
If those who are interested in the above courses you can do a search on EBAY always see them posted on a regular basis. Also, if anyone else would like to post their personal experience with over courses they found helpfull in their FOREX TRAINING , then please post. Hopefully with NO SPAM
Thank's,
Aztecaoro