What is the best way to learn about forex trading?

[Viceroy]

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.

Lucky you!

 

[e_abrams]

Indeed, I lucked out in that regard, thankfully, but the vast majority of traders do not. The person who taught me learned on their own and it was a very difficult path for them.

 

[reecerispoli1]

I would like to learn to trade forex but don't want to sign up to any scams that say they deliver but don't and just take your money,is there any real genuine help out there.

Do plenty of research
BabyPips
Forex peace army

 

[HeavenLeighGill]

You don’t necessarily have to invest money to learn to trade. It can be helpful to have a mentor or to pay for a course, but these are things you can also learn online for free. I never paid for an education and used YouTube, Babypips, and forums like this one to learn. You could also open a demo account for practice. Just be sure to do your research before investing money with any broker, course, or anything related to trading.

 

[Dora_WalletInvestor]

Do plenty of research
BabyPips
Forex peace army

I hear the ForexFactory online course is good too.

 

[Enivid]

I hear the ForexFactory online course is good too.

Since when does ForexFactory has an online course?

 

[jimcarter]

Everyone has their technique of learning Forex trading, so finding a universal guide is so difficult.

Most traders look for success stories from all over the world and try to incorporate some of the ideas into their trading strategy.
However, because most success stories include someone taking a big risk and getting lucky in the market, this could be quite difficult.

It may take a little longer, but the best techniques to learn about Forex trading for beginners are those that are as risk-free as possible.
However, they frequently reduce down to three techniques.

• Using online tutorials to learn
• Following in the footsteps of successful traders
• While trading and making mistakes, you are learning.

 

[Credcy]

According to me, the school of pipsology on babypips is one of the better mediums to learn about forex trading, also in addition to this, one must keep practising on demo accounts.

 

[Dora_WalletInvestor]

Since when does ForexFactory has an online course?

I was just wondering the same thing here. Maybe that user was talking about the economic calendar?

You are right calling me out, my mistake, I think I confused ForexFactory with Fresh Forex - it is the latter one that has a course 😀

 

[Jungletrader]

Forums like here .
Babypips Forex.academy and Forexpeacearmy.
Also YouTube SMC , Supply and Demand trading I feel offer the best insight to the markets

 

[rickfx]

I would like to learn to trade forex but don't want to sign up to any scams that say they deliver but don't and just take your money,is there any real genuine help out there.

1. Learn how forex markets work
2. Start reading financial portal and analyse how news affect forex market
3. Slowly start trading micro lots

PS: you don't need to buy any super duper forex material... there's more than enough for free already

 

[sharabela]

I would like to learn to trade forex but don't want to sign up to any scams that say they deliver but don't and just take your money,is there any real genuine help out there.

If you want to learn, do a good search on the internet. You get a lot of good trading lessons. Browse around reputed Forex forums to learn from experienced traders. Youtube is another great source to learn about trading as well.

 

[Dora_WalletInvestor]

If you want to learn, do a good search on the internet. You get a lot of good trading lessons. Browse around reputed Forex forums to learn from experienced traders. Youtube is another great source to learn about trading as well.

I agree, these are good ways to start. For doing internet searches, I think Investopedia is a great site, it has a lot of information in a very detailed manner.

 

[e_abrams]

I think looking into some classic trading lessons books is probably also a good idea, they are quite systematized.

 

[no_frame]

Two words - Demo Trading
If you can try to get familiarise with demo trading, then surely and slowly you can get better in learning more about forex trading.

 

[Dora_WalletInvestor]

I think looking into some classic trading lessons books is probably also a good idea, they are quite systematized.

I think so too, although not everyone likes trading books because they are often more theoretical and less practical. But I personally learnt a lot from books back in the day.

 

[e_abrams]

True. I think one does need to know the theory though, before they begin practising.

 

[e_abrams]

Do you have a favourite one? For me it's Steve Nison's various books on Japanese candlestick analysis.

 

[hk_09]

Trading on demo with streaming videos on Youtube for specific topics.

 

[Dora_WalletInvestor]

Do you have a favourite one? For me it's Steve Nison's various books on Japanese candlestick analysis.

I have two favourites, one is Trade Your Way to Financial Freedom by Van K. Tharp and the other one is One Good Trade from Mike Bellafiore.