How to learn Forex Trading?

Discussion in 'Forex' started by Coner1980, Aug 10, 2020.

  1. @Svetlana Loboda I agree with you, I have been into forex trading for a while now but I never stop learning. Once you start trading the market teaches you so much. I still wander around with my diary and keep a journal at the end to write down everything that went down in the market. I always advise newbies to do their market research and note everything down on a diary and make strategies accordingly.
     
    Last edited by a moderator: Sep 2, 2021
    #101     Sep 2, 2021
  2. You can start off with Babypips to get insight about forex and the just surf through YouTube and telegram to find what kind of strategy you would want to go deep with
    eg. Scalp, intraday, swing ( as a beginner avoid scalping)
     
    #102     Sep 2, 2021
    padutrader and Charts and Arts like this.
  3. Can go for babypips learn, very useful.
     
    #103     Sep 2, 2021
  4. Esha.J

    Esha.J

    Yes, Babypips is a good platform to learn about Forex Trading, but the best way would be to practice with little money and trade in the real market.
     
    #104     Sep 5, 2021
    padutrader likes this.
  5. learning is a continuous process , there is no way to stop learning even professional trader cant do that. so keep patience always
     
    #105     Sep 6, 2021
  6. padutrader

    padutrader

    no kidding

    after 14 years of trading and learning i am still doing more of the same
     
    #106     Sep 6, 2021

  7. I would also recommend the above
     
    #107     Sep 6, 2021
  8. Kalanim

    Kalanim

    I believe that the mastery in forex trading can be achieved only through a lot of practice.
    It goes without saying that it is hard to practise without any background knowledge and some theory. You asked for the advice of some ebook, but I personally think that most of the most renowned ebooks are outdated. However, what I like forex market for is that the market is well studied, so there are many credible educational resources which are available online and free of charge. For example, one of the most simpliest and plain resources concerning the topic of trading currencies is the websire babypips.com. There is lots of information which will be enough to start your journey in forex trading. The information there covers different aspects of trading and it is down to earth and practical.
    So, I really feel that this knowledge and practce will make you understand how the whole thing works. In addition to that I should say that some decent part of trading is done almost automatically by experienced traders. I remember my first trading experience, where I didn't have any habits of tuning the indicators and I even had to search for the right button in order to do this or that trade. That where practice becomes important: you've got to get used to the trading platform in order not to ask the questions that you shouldn't ask, like some technical stuff.
     
    #108     Sep 7, 2021
  9. dima777

    dima777

    you can explore actionable tradign signals generated by the ActiveFx scanner to get ideas on which signals can work for you..
     
    #109     Sep 7, 2021
  10. yes completely agree to what kalaniim says

    after a certain period in the market, it comes down to your personal experiences and lessons
    no amount of teaching or investing on gurus can make you a good trader

    you are your own teacher and losses are the best lessons.
     
    #110     Sep 9, 2021