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Jul 15, 2019 at 10:24
Mitglied seit Jul 11, 2019
6 Posts
45656 posted:i agree, demo is the best way to learn, what i did when i first started was, start a demo account and watched a lot of youtube videos alongside.
Though many educational tools like forex e-books, audio books, You Tube videos on trading, webinars, etc. are being provided by many forex brokers today, beginners must try to cope with the basic ideas and elements of forex trading with the help of demo trading account. Demo can be the best weapon for the naive traders to learn trading with real trading atmosphere in sphere of real trading activities here.
Mitglied seit Jul 16, 2019
10 Posts
Jul 31, 2019 at 06:52
Mitglied seit Jul 09, 2019
33 Posts
dylanjessop posted:
You don't need them. Just use youtube.
Indeed you do not have to necessarily resort to heavily paid courses in order to get good hold of forex trading strategies. Wasting money unnecessarily on paid sources when equally good non paid sources are available makes no point. Some non paid sources you can refer to are :
Articles on trading strategies/tips in newspapers
Books on forex trading like the intelligent investor, the black book of forex trading etc.
Online websites
Magazines on forex trading .
Aug 05, 2019 at 12:07
Mitglied seit Aug 09, 2017
785 Posts
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.
Mitglied seit Aug 05, 2019
50 Posts
Aug 13, 2019 at 06:36
Mitglied seit Aug 05, 2019
50 Posts
Proper forex trading education is as important to beginners as it is to experienced traders because FX software are constantly evolving. There are many courses available like ‘Forex trading A-Ztm – With live examples of Forex trading'.
forex_trader_565984
Mitglied seit Oct 08, 2018
144 Posts
Aug 13, 2019 at 07:03
Mitglied seit Oct 08, 2018
144 Posts
There are many free courses available in internet. So I guess free knowledge is abundant in internet in any subject if you know how to search for it.
But help from an experienced trader who is already consistently profitable in forex is definitely needed in order to build confidence and fast forward the learning process.
I welcome anyone to my system discussion thread if someone wants learn about forex trading in general. I can't explain the details about my own system since that is my own intellectual property which I developed after years of work, but I may provide some common tips which can be very helpful in fast forwarding the learning process for beginners.
But help from an experienced trader who is already consistently profitable in forex is definitely needed in order to build confidence and fast forward the learning process.
I welcome anyone to my system discussion thread if someone wants learn about forex trading in general. I can't explain the details about my own system since that is my own intellectual property which I developed after years of work, but I may provide some common tips which can be very helpful in fast forwarding the learning process for beginners.
Aug 13, 2019 at 10:00
Mitglied seit Aug 06, 2019
10 Posts
I have read all the free stuff and I can tell you that it is no good. You need a pro trader to really explain what you need to do. The normal strategies that are taught for free do not work. You need something more subtle only a pro can teach you this
forex_trader_565984
Mitglied seit Oct 08, 2018
144 Posts
Aug 13, 2019 at 10:29
(bearbeitet Aug 13, 2019 at 10:32)
Mitglied seit Oct 08, 2018
144 Posts
Chikondi posted:It is not the strategy which makes the profit. But the trader's psychology and money management and understanding of forex market makes the profit. There are no such holy grail inbuilt trading systems in forex which will make profit for everyone and always. There are no such things.
I have read all the free stuff and I can tell you that it is no good. You need a pro trader to really explain what you need to do. The normal strategies that are taught for free do not work. You need something more subtle only a pro can teach you this
If someone understands how the forex market works, then even if he wants to loose he can't loose using the worst trading strategy. If someone doesn't understand how forex market works, then the best strategy will make him fail and loose money.
Forex trading is like learning how to ride a bicycle and after someone knows how to balance between profits and losses over time, then even if he tries to loose, he can't loose in long term with few exceptions of course.
NOTE:-I can't explain the details about my own system since that is my own intellectual property which I developed after more than 15 years of hard work, but I may provide some common tips which can be very helpful in fast forwarding the learning process for beginners.
Mitglied seit Feb 22, 2011
4862 Posts
Aug 13, 2019 at 10:57
Mitglied seit Feb 22, 2011
4862 Posts
Forex course - paid ones.
If somebody knows hot to trade then he is trading and making profit.
If somebody does not know how to trade he is selling the courses and making profit.
You are the one paying for that. :)
Moreover 95% of traders are losing money. So following genral advices how to trade will lead to general results - losing money.
What you need is to find your own way... to trade.
And no, I am sorry I do trade for living and I have no time to teach anybody.
If somebody knows hot to trade then he is trading and making profit.
If somebody does not know how to trade he is selling the courses and making profit.
You are the one paying for that. :)
Moreover 95% of traders are losing money. So following genral advices how to trade will lead to general results - losing money.
What you need is to find your own way... to trade.
And no, I am sorry I do trade for living and I have no time to teach anybody.
Aug 21, 2019 at 06:23
Mitglied seit Aug 09, 2017
785 Posts
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.
Aug 24, 2019 at 08:52
Mitglied seit Aug 11, 2017
886 Posts
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 .
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