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.
What is the best way to learn about forex trading?
- Thread starter Elmira Nancy
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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.
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.
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!
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.
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.
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
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!
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!
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hi Elmira , the best way to learn forex is reading in forex books i prefer elliot books . Hope i helped
If you've looked into trading forex online and feel it's a potential opportunity to make money, you may be wondering about the best way to get your feet wet and learn how to get started in forex trading. It's important to have an understanding of the markets and methods for forex trading so that you can more effectively manage your risk, make winning trades, and set yourself up for success in your new venture.
The BabyPips forex course is good and it is free. I also like learning from books - some ppl have disagreed with me on this one - but I think they can be useful. After you have read one or two and have some basic knowledge, you can read through new books with ease - just skipping or skimming through parts that already sound familiar and focus on the new information.
Yes, this is my experience. Although maybe I should mention I was born and raised a bookworm.
Stock trading courses and forex training courses on trading are also one of the simplest ways to learn forex trading for beginners at present. All sorts of investment experts and trading gurus hold various seminars and training courses for beginner traders. There are online source also available but the best way to learn practically is by DEMO account.
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