What is the best way to learn about forex trading?

[e_abrams]

I had heard about the latter but not the former, I will check it out!

 

[PhoneticNachos]

Price action trading is the best way to trade.

 

[tomass]

I don’t think there is any place better than the internet to get a basic understanding of the market. Search for a keyword and several websites will come up with their information.

 

[e_abrams]

Perhaps. The problem with a random Internet search done by a newbie is not the lack of information but the overwhelming amount of it, combined with the newbie's inability to sift through useful tips and useless tips.

 

[PhoneticNachos]

Learn by doing, dive in, open a small live account alongside a practice one.

 

[e_abrams]

There is merit in that, but I do think it is important for one to spend some time on demo alone entirely.

 

[PhoneticNachos]

There is merit in that, but I do think it is important for one to spend some time on demo alone entirely.

Possible, although I just opened a live account after a few hours of trading a practice account.

People have different skills, potential, intelligence, risk tolerance.

 

[e_abrams]

True. Every trader has their individual strengths and weaknesses. That said, when giving advice on a forum it's not possible to consider individuals, but rather speak of the average trader. Apart from that, every individual is able to decide for themselves what is best for their way of learning how to do things.

 

[Glossy]

I've noticed that forums are the best way.

 

[SOLIDECN]

Before jumping into trading, the applicant should know about market movements, trade executions, and the impact of fundamental events on product prices.

I found traders suffering from the lack of knowledge of the trading environment more than anything else. They blame the broker after losing their money, and then they move their assets to a new broker. In this process, a trader would never find the cause behind their loss. Therefore, the losing continues in sequences.

Rule number #1​

Stop Trading during the High Impact Events​

It is easy to defeat market manipulation by simply monitoring the economic calendar.​

 

[e_abrams]

I learned that lesson through several very unpleasant experiences. I even managed to sleep through one of those and woke up to a wiped out account.

 

[Saososa]

take a course and practice using the demo account

 

[e_abrams]

Do you mean practise trading major news events? I guess it wouldn't hurt doing it on a demo account...

 

[e_abrams]

I agree. Knowledge and practice go hand in hand really, you can't separate one from the other, especially when it comes to trading.

 

[e_abrams]

That is the best way to learn the basics. Some things can only be learned on a live account. I think one needs to go through the whole process to genuinely learn.

 

[Resolve]

That is the best way to learn the basics. Some things can only be learned on a live account. I think one needs to go through the whole process to genuinely learn.

We will need to make use of such type of a Trading system that is also Reliable and will help us in getting the Required amounts of profits on time.

 

[Paul Sachin]

The best way to learn about Forex trading is to get Forex Education. Forex education will enable you to manage your risks effectively, maximize your profits, and put yourself in a strong position when it comes to your new investment. It is crucial to select a broker that has an education platform to stay well informed and profitable.

 

[e_abrams]

That encompasses many different approaches to learning though - you can learn on your own or with a mentor or with a group. Different people do different things.

 

[Lacquer]

You can educate yourself about forex trading through various reliable sources available free of cost on the internet. Then, you can consolidate your knowledge by practicing in a demo account.

 

[e_abrams]

That is what most traders do anyway. It is not always successful, but people rarely have much access to other options as beginners.