- Aug 12, 2015
Hello everyone, Just started trading and curious to know if trading requires experience? If so how can newbies like me gain that experience
Yes of course forex trading required experience, and also knowledge, if stil newbie very advisable to learn basic education, many source we get knowledge about basic forex, babypips dot com is one popular for learn basic to advanced with easy to understand, and practice in demo account wil giving valuable lesson also, learn certain system trading then implemented in demo account and test skill in real market condition use virtual money.Hello everyone, Just started trading and curious to know if trading requires experience? If so how can newbies like me gain that experience
Hello, I'm not experienced in the trading world as well, but I would never try to invest money to something that I know only a little bit of. I learned the basics through several tutorials online and I practice!! You should really spend a lot of time training until you are confident enough to start trading with real money.Hello everyone, Just started trading and curious to know if trading requires experience? If so how can newbies like me gain that experience
I agree with this. It's a no-brainer, really. Practice what you learn to learn more!Hi everyone.
I see a lot people suggesting that the best way to gain experience is to "trade, trade, trade". However, in my opinion, even though they are completely right, you will not make the best of your time by just trading. I have just gotten into the Forex Market for two years now, and I can tell you the way I started was to read books such as: ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street - By Raghee Horner.
As you read, learn, and build your knowledge on the Forex Market, you can start making small time investments and try out what you read. This way you are not only reading, but also APPLYING, which is the BEST way to learn about ANYTHING. I can give more suggestions of good sources of information to learn from that are unknown to the majority of the public just give me a shout!
Hope this helps.