What is the best way to learn about forex trading?

[Elmira Nancy]

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.

[Enivid]

Sign up for a demo account from some popular Forex broker. Learning from demo trading is one of the best ways to start Forex trading.

[Pinalli]

Thorough learning is the key to success for making money with Forex trading. You need to learn a new set of skills. You cannot expect just to turn on the computer, trade some currencies and make a profit. You need to practice. You can do this by paper trading. You will need a broker account in order to start placing currency transactions. Find a broker who will first give you access to a demo account. This way you can simulate placing real trades without risking any of your hard earned cash. Practicing like this is the only way you will learn how to make a profit. Only when you are making consistent profits in your paper trading should you begin to use your own funds and place real deals.

[daniellefr]

read babypips.com tutorials, practice with demo accounts. Then move to mini acount trading (treat it as traning as well), dont' focuse on win/loose of each trade, but rather see if there is an overall profit (within several months). Work on your strategy, control your emotions, and gain the experience. Most importantly, be super patient. Forex trader is not created over night!

[Sofia]

If you want to learn Forex trading quickly and risk free, the best Forex courses will help you do this.

Successful Forex trading requires that you learn skills, as it's a known fact that 95% of all traders lose money and you not only need to know what you're doing, you need to have confidence in your ability so you can trade with discipline.

Most traders lose because they either make no effort at all and buy a junk Forex software package and think they will get rich with no effort or they get the wrong education or simply cannot trade with a disciplined plan.

[Chunnel]

Originally Posted by Elmira Nancy

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.

You have two options, 1 you take your time to learn everything from babypips and other forums and test your skills on a demo account.

Or 2 you let someone else do the trading with your money.
However if you choose for this option then you need to trust the fundmanager if this is not the case then keep your money and chose option 1

[Forexcube]

All you can do is visit pages like:

http://forex-strategies-revealed.com/

A good introduction you'll find there.

Acquaint yourself with "basic", "simple", "complexe" and "advanced strategies".

...and walk the talk.

...and read several Forex books & ebooks and articles about Forex.


Good Luck!

[Pinalli]

Good advice sofia. Really training courses helps a lot when you have no knowledge about the forex market and want to make money still.

[Sofia]

Wow! you liked it???

Actually these day people go for some bad information and junk products which can be very dangerous for them.... therefor go with a well known and reputed one....

[Pinalli]

Yea of course.... due to the wide spread of scams people should understand what is right for them and what is wrong for them...