What is the best way to learn about forex trading?

[Martimx]

There's a lot of info available online, where traders can go and learn. All I would say is, those going for paid learning sources, should be careful as there are many not so good and scam sources present too. Be wise in your choice.

I agree on that. Even I stayed away from paid ones

 

[Oswald]

We are all different, so some like to learn from books, others are more visual, so Youtube would be good solution for them. Anyway, you can find a lot of learning material about forex free on the internet. Just search what suits you

 

[yeneffer]

I would say demo trading? I think it is one of the best way to learn more about forex trading.

 

[vicjon1995]

Try out your strategies on the demo account first for some good amount of time.

 

[rickfx]

Reading this forum will improve your trading.

 

[Resolve]

I would say demo trading? I think it is one of the best way to learn more about forex trading.

With the help of the Demo trading you can manage and develop your trading skills and expertise.

 

[danielbro]

Would I dare to say to learn the course throught babypips school courses.
And yes, demo trading is very useful!

 

[Joshua91]

The most common method is to create a demo account with a reliable broker and learn from demo trading. Some broker does provide explainer videos or other forex educations for brokers venturing into forex for the first time.

 

[Resolve]

The most common method is to create a demo account with a reliable broker and learn from demo trading. Some broker does provide explainer videos or other forex educations for brokers venturing into forex for the first time.

When we are doing our trades in the Demo trading accounts then we can get to know about the various Trading Systems and also see if a trading system that we are using is profitable. In this way we can learn from the use of the Demo trading accounts.

 

[e_abrams]

I think the best way to do so is to learn from a mentor who is both genuinely capable and competent and who genuinely cares about your interests, as opposed to just making a profit from teaching you, but that is a very rare thing in this industry.

 

[Resolve]

I think the best way to do so is to learn from a mentor who is both genuinely capable and competent and who genuinely cares about your interests, as opposed to just making a profit from teaching you, but that is a very rare thing in this industry.

We need to find such types of Forex traders who are doing trading for a living and in this way we would be able to learn from t hem how to do trading with profits.

 

[e_abrams]

We need to find such types of Forex traders who are doing trading for a living and in this way we would be able to learn from t hem how to do trading with profits.

True. But as I said, those traders need to be genuinely invested in mentoring, rather than just selling a service.

 

[Akwin]

Greetings,

Glad to see this thread, please give me the opportunity to suggest the ways that I am depending on to learn about forex trading.

The best ways to learn about forex are the following :
1. Register in forex training courses
2. Watch video lessons on youtube
3.Study in a special forex school
4.Start learning basics by yourself by knowing why you want to trade, defining the market you want to trade-in, choose a broker, and trading platform, determines the amount of money you will be training with, and go ahead by starting practicing on a demo account.

Open to other suggestions and questions.

Best Regards,
Akwin

 

[Todor]

The best way to learn about forex in my opinion can be to observe other traders on various trading forums and watch some videos on youtube.

 

[e_abrams]

Observe and practice on your own, I'd add. One cannot learn from watching alone.

 

[Viceroy]

The best way is to start trading on real account asap with small amount of money))

 

[e_abrams]

You don't think people should use demo first?

 

[sunar14]

Sources are many and what is best, that varies from traders to traders.
Some prefer visual learning, for them Youtube is one good option. Others migh prefer reading and learning, they can go for eBooks, online articles, etc.

Most Youtube videos is advertising of some fx services or trading signals with little added value. Same with many books. I should say that quality trading info is extremely hard to find.

 

[vicjon1995]

True. But as I said, those traders need to be genuinely invested in mentoring, rather than just selling a service.

Do you know where to find a genuine mentor?

 

[e_abrams]

Frankly? It has to be someone you already know and trust. I was taught by a close family member who I know had my best interests in mind and who wasn't teaching me for profit.