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How to learn Forex ?

Discussion in 'General Trading Forum' started by The trader, Apr 19, 2017.

  1. Smash Fun

    Smash Fun

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    True, Knowledgeable person in Forex can earn more money compare to newbie. Skills and discipline can be developed as we work here in Forex.
     
  2. sininfinity

    sininfinity

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    I suggest people to go through babypips school. I have learned from there so I suggest it. They have enough resources and everything is organized.
     
  3. lioneld

    lioneld

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    Of course; this free trading course is useful! But it’s only about the basic! So, we need to learn the advance on trading after this free course!
     
  4. Yorley

    Yorley

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    Smash is right. There is a lot of people who are offering some sort of mentoring for trading on Forex market. It usually comes with very high price. There is large number of relatively good online Forex courses, free of charge, offering almost the same knowledge
     
  5. The trader

    The trader

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    So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
     
  6. sininfinity

    sininfinity

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    Yes. Babypips gives people a ground in the market and from there they can work on various things. People would have a starting point.
     
  7. lioneld

    lioneld

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    No doubt; till now babypips school is the best course and as you know; it’s a free service! But, traders shouldn’t rely on only one source!
     
  8. sininfinity

    sininfinity

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    That's why I said it gives traders a standing ground. After finishing school they can look for various ways and sources. They will also know what to ask instead of saying "show me the money".
     
  9. Lee Mark

    Lee Mark

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    I think, YouTube tutorials are also useful; it’s free but till now there have so many useful Forex channels are available in YouTube.
     
  10. sininfinity

    sininfinity

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    The problem is too much information available. It gets difficult which one to choose. Different people make same topic in different ways.
     
  11. Vernessh

    Vernessh

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    It is true that many new traders are usually only focused on money, which is completely wrong thing to be focused in your initial stage. First you need to learn basics of this market and slowly develop your own trading strategy. Forex market is learning path which lasts for many years
     
  12. lioneld

    lioneld

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    Focusing on only money is a big problem; you can’t focus on your trading if you concentrate on your capital & equity.
     
  13. Andrew McCalam

    Andrew McCalam

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    before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually.
     
  14. Faal

    Faal

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    exactly, learning good knowledge from at any good books cannot bring good result when trading if you don't have much practice in trading . learning with regular practice , its a real combination in this Stock market.
     
  15. radex78

    radex78

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    However trading with a demo account if seriously in learning to test skill trading, hence it will giving a valuable lesson for the newbie, but indeed almost newbie they want to make quick money from forex and start with a real account without adequate experience and knowledge, to absorb knowledge in forex, we can read various article related forex
     
  16. Andrew McCalam

    Andrew McCalam

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    generally the target we select is not realistic, this is the main problem we have and for that reason we cant fill up our target completely, we have to make sure the target according to our knowledge and experience , over targeting make make us always greedy and emotional. so be careful
     
  17. Fx Master

    Fx Master

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    We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
     
  18. Andrew McCalam

    Andrew McCalam

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    as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
     
  19. Lee Mark

    Lee Mark

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    Hi; it’s a very basic info based school; not enough to be a good performer! Advance trading knowledge is essential!
     
  20. The trader

    The trader

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    The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
     
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