learning forex
- Thread starter marvin090
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Learn forex trading must be discipline. It need high concentrate and wisdom. You must selective to choose trading system too. Your capability on trading will build by trial and error. You must join on free membership before and learn trading forex from there. When you think you were ready, go to the real trading forex with you money 
I think Forex is one of the most challenging ways to trade. The brokers are making a ton of money. They're leading a lot of people into this trading that will fail on a very large scale. But remember that Money Management are just as important as buying the right currency at the right time.
Before you even start trading, you should equip yourself with foundation knowledge.
Do a search on Google to look for some Free & Powerful forex foundation knowledge...
You can Google search the term "forex school" to see some of the websites that provide important & useful free foundation knowledge.
Most novice traders buy cheap Forex robots and think they will earn a huge regular income, with no real losses and make no effort but the old - saying "if it looks to good to true it probably is" applies to these systems. If they worked the whole world would pay a $100 or so for a life of financial freedom and 95% of traders wouldn't lose money.
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I recommend joining an online trade room (with foundation knowledge of course), that's how I got started I found it invaluable watching pros trade and being able to ask them a million questions live.
If you want links or info about the room/system I use send me a PM with your skype name and I will introduce you to our moderators.
Best of luck!
If you want links or info about the room/system I use send me a PM with your skype name and I will introduce you to our moderators.
Best of luck!
Learn the fundamentals.
Read some books (Forex Patterns and Probabilities, and Trade Your Way to Financial Freedom are a good start).
Don't believe anything written by anyone trying to sell you something (as someone's already said, if something sounds too good to be true, it probably is).
Experiment on demo for a few months.
Read some more.
Make a trading plan, and follow it.
Treat it like a business, and not some effortless way to make cash if you can just find the right [system/robot/combination of indicators].
If you don't treat it seriously, you've got zero chance of success.
And most of all, enjoy the learning process (you'll go through some ups and downs mind!).
Read some books (Forex Patterns and Probabilities, and Trade Your Way to Financial Freedom are a good start).
Don't believe anything written by anyone trying to sell you something (as someone's already said, if something sounds too good to be true, it probably is).
Experiment on demo for a few months.
Read some more.
Make a trading plan, and follow it.
Treat it like a business, and not some effortless way to make cash if you can just find the right [system/robot/combination of indicators].
If you don't treat it seriously, you've got zero chance of success.
And most of all, enjoy the learning process (you'll go through some ups and downs mind!).
What sites or blogs can someone start practising trading
What trading system do you recommend? what free memberships can you share with us?
Learn forex trading must be discipline. It need high concentrate and wisdom. You must selective to choose trading system too. Your capability on trading will build by trial and error. You must join on free membership before and learn trading forex from there. When you think you were ready, go to the real trading forex with you money
What trading system do you recommend? what free memberships can you share with us?
You should have a plan, the amount of money you are willing to play with,what amount of profit you take out and what you keep to trade with
@marvino90, how is your forex education going
I think the best thing to do would be to educate yourself by reading books and listening to audios, then practise with some pretend money before you delve in, hope that helps
@marvino90, how is your forex education going
I think the best thing to do would be to educate yourself by reading books and listening to audios, then practise with some pretend money before you delve in, hope that helps
I got a better rule for you ...
"Take care of your losses ... the profits will take care of themselves"
IMO, if you focus too much on your profits, especially in the beginning, it leads to no good.
Turn it around, focus on your losses, cut them as early as possible ... keep on trading and tune your system.
The profits will come over time with the success of the system you are trading.
Personally, every month I'm in profit, I'm satisfied, doesn't matter whether this is 500 bucks, 100 or only 1$ ... as long as I'm not losing, that's all that counts to me.
step by step
don't be greedy
learn more
try to focus on just one currency pair
be wisdom
make your plan
hope this help
don't be greedy
learn more
try to focus on just one currency pair
be wisdom
make your plan
hope this help
Best way to learn is through experience, plenty of good brokers that offer demo acccounts. Youtube is another great source to learn what the different techniques are. There are daytraders on there that offer free tech analysis and tips. Another good source that I've used is fx renew, they have a free money management guide that I use to develop my skill as a trader.
Money Management
after you learn forex basic , learn to use money management in your forex trading , use stop loss is another thing that we recommend always use it in your trades .
after you learn forex basic , learn to use money management in your forex trading , use stop loss is another thing that we recommend always use it in your trades .
Learning FX is best when you learn on your own with a demo account
May I ask how and where to make a demo account? I'm still on the process of learning about trading. Good thing I've come across this thread.
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