I am very new to forex trading.

Sheldon56

Banned
Apr 18, 2020
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so many useful things can be found on different resources, in particular on this forum there are many useful things)
Yes! This forum has a lot to offer.
This is why I prefer using such forums, when so much can be learned for free, why use the paid sources then.
 

Zalea

Newbie
Sep 15, 2020
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Forex trading can be an exciting and lucrative activity, but it can also be tough, especially for beginners. Newcomers underestimate the importance of financial education, tend to have unrealistic expectations, and struggle to control their emotions, pushing them to act irrationally and impair their overall performance.
 

Akwin

Trader
Oct 12, 2020
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If you are new to trading, I would recommend trading on a demo account first and risk no more than 1% of your balance per trade.
How can I risk only 1% ? My account has leverage. Do I limit it by trade size or stop loss ?
 

Enivid

Administrator
Staff member
Nov 30, 2008
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Odessa
www.earnforex.com

Akwin

Trader
Oct 12, 2020
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10
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According to me, experience plays an important & larger role than mere studying the theory. So, I would recommend you to open a demo trading account with few different brokers and check for the various services offered by them.

Once you are comfortable, you can definitely opt for the best broker with best trading conditions. This will also help you find a good broker with good trading conditions & you will learn more about the Forex market through demo account.
Hello, can you please suggest some good brokers with good trading conditions?
 

Qgtm1976

Newbie
Dec 16, 2020
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0
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Sir,

I am very new to forex trading. Before doing the trading what are the information I should have and what are the books that I should read and who can be my broker and how much time will it take for me to understand FOREX before trading. Kindly let me know. Thanks in advance.
 

Almanester45

Trader
Mar 29, 2021
3
0
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I may say I'm a newbie either, but anyway, I believe the best strategy is practice. I decided to start with analyses of the market and all the information about trading. It turned there is too much information (and as I thought all of it is useful). So, as a conclusion I may advice you to watch some videos and recomendations of specialists you believe to and find some sources like blogs and compilations of articles. For me one of such sources was this website. Anyway, I'm sure there are lots of such sources in the internet.
 
Aug 5, 2021
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Hi!
There’s a lot to learn in the beginning. As for books, try looking at bestsellers related to trading and choose the ones that stand out to you. YouTube is also really good and offers a lot of content. It seems helpful to have things explained in videos to me. Babypips is good for beginners as well and does a great job of explaining things in beginner terms.
Choosing a broker is a big decision, so you need to spend time doing research to find the right one. Try looking at online reviews to be sure that you make a reliable choice.
 

Jungletrader

Banned
Sep 5, 2019
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Joining up to forums like here is a good start .
Also Babypips Forex.academy and Forexpeacearmy are full of free trading content.
Lots of free content on YT also.
Demo Demo and demo some more it's a risk free way of learning the art of trading.
Good luck