New to Forex

[RichKid]

Hello All,

This is my first post in this forum. I have never actually tried any forex trading yet but I have read several books on trading and I am very interested in getting started. I plan on opening a practice account very soon to start learning. I pretty much understand all the import things about trading. I still do not understand technical and fundamental analysis completely though.

Any tips on getting started? Any books i should read? Help me get started.

Thanks to anyone who posts in advance.

[Enivid]

You can start from the free ones listed here:
http://www.earnforex.com/forex-e-books/

And then proceed to some good paid books like:
Trade Chart Patterns Like the Pros by Suri Duddella
Fooled by Randomness by Nassim Taleb
Selective Forex Trading by Don Snellgrove

[Shuvalov]

The best book is Reminiscences of a Stock Operator by Edwin Lefèvre. See what is written in Wiki: http://en.wikipedia.org/wiki/Reminis...Stock_Operator

[Enivid]

Originally Posted by Shuvalov

The best book is Reminiscences of a Stock Operator by Edwin Lefèvre. See what is written in Wiki: http://en.wikipedia.org/wiki/Reminis...Stock_Operator

It's nice, but it's little outdated in many aspects if you are into the modern Forex market.

[Jana Jackson]

Thanks for the feeds. I am also new to forex i am only three months into it....

[quantum360]

Hey Jana, you can also check out babypips.com...that's where I started. Don't be underestimate it by it's simplicity. It's a treasure that one....hope that helps...

[whitney01]

hello,

yes babypips.com is also a good forum site about learning more regarding forex. you can also got a lot of info their since you are also new like me in forex so we need to learn more before investing.

thanks,
[link removed]

[evildardjk]

i was being in this market 5 years.honestly say i'm just wasting my time and money for the last 4 years..i was reading so many book and keep trying and error in live market and even sometimes make me feel give up..but because i was far gone in this market that not a good point to turn back,and thank to god when i'm searching for the lesson in youtube and found the title "forex lesson with forexbeam(99.9% profit).I'm email him and learn from him and now i'm really believe i can make a good fortune in no time.so my advice for u as newbie,don't trade just because u learn that from book,it not same in the reality..what a flower word in all that book just for selling purpose.find a already successful mentor and learn from him the secret behind that and with that ur will guarantee ur success

[bestforexpartners]

As a newbie I would suggest you that your first approach should be to watch and judge the forex market and learn from other forex marketer doing business here. This will save you from the real traders aggressively participating in the market, but always make sure that you are well efficient in the usage of such systems.