Forex education and learning how to trade

[Migi147]

Can anyone recommend a quality course where I would learn price action?

 

[Mucivorous]

For basic forex education, the internet is full of good websites like investopedia, balance, and babypips. There are forums like myfxbook too that will help you in getting well-versed with the reality of trading as traders constantly keep discussing their trades, strategies, and issues.

 

[Supercilious]

A systematic approach towards forex is beneficial. Traders should start from learning the basic terminologies and clearing out the basic forex concepts. Start learning about various strategies and indicators and open a demo account to practise the theoretical knowledge. Doing this simultaneously will help in consolidating the knowledge. Pick a trading strategy, find an edge and backtest it. Then open a live account, start with a mini or micro account.

 

[Citigrade]

No matter how many books you read or how many videos you watch, real learning starts when you start to trade in the live market. So, be ready for live market experiences because that will help in bringing out the best trader in you.

 

[Tempera]

The most important thing to keep in mind before trading forex is that you need a lot of knowledge and experience. It takes years to learn forex and making profits takes even more. Once you clear all the basic concepts, you need to trade in a demo account for a better understanding of the market. Furthermore, you need to be patient, disciplined, consistent, and determined.

 

[Macromania]

Learn not just to make money but also to stay in the market for a long run. Trading will seem like a burden if you don’t understand the basic process and how inconsistent profits are. For that matter, you will have to be studious while grabbing the basics of the market.

 

[Monopial]

There are numerous resources available on the internet to help you improve your knowledge and expertise. The only way to be successful in the market is to learn about it and understand it. You cannot compete in the market without it. It is preferable to concentrate on your learnings. It can help you become a better professional trader.

 

[Meamonk]

Learn online first. Some websites will help you do so. Self-learning is the biggest asset, you don’t need anyone to help you learn about forex trading. Go online, find reliable sources and start the learning process.

 

[Descrive]

Research on the internet and you will find several options to learn. There are books, videos, podcasts, articles, and forums to grasp knowledge from. Develop an understanding because that’s the only way of staying on track.

 

[Acetarious]

For the basic forex education, I don’t think there is any source better than the school of pipsology. You get information about every aspect of the market that you will be using in the live market. Once done with the basics. Practice strategies on a demo account to find the best one for you.

 

[Isthmus]

I believe in learning from different sources so that you are able to see the market from different perspectives. Nothing as such is right and wrong in the market and the whole game is about finding your edge in the market. So, focus on that while you are learning.

 

[Famished]

Learning through experience and sticking to one learning for a while, instead of choosing an array of learning experiences to use at once, is crucial. A trader must be confident in what they learn and try to incorporate the right sources into their learning mix.

 

[Pontoon]

Yes, forex education is really important to trade forex! You can learn from free videos, courses, and demo trading. You can also opt for any trading course.

 

[Wallflower]

You can go to Babypips website for getting basic education on forex trading. You can also read some beginner friendly books written by professional forex traders themselves. Practical learning should be done with a demo trading account. That is the best way to develop your skills as a trader.

 

[Gymnosophy]

You can learn from any source of information and practice it on a demo account t. All that would matter in the end is how well you make use of the information you have and how you can use your strategies.

 

[Eusorphia]

Everyone always says you need to learn from books and videos. Yes, you do but if you don’t put that theoretical knowledge to practical use, are you really learning? I guess not. Hence, read all you can and practice on a demo account for a while to Ian confine and a deeper understanding of the market sentiment.

 

[Seminule]

Learning is done better when you don’t have money doing rounds in your mind. It’s obvious that you want to trade because you want to make money. But as it is not easy to do so, it would be better if you learn well and take small risks until you know the reality behind making money.

 

[philykia]

Hi friend, You can trade crypto on weekends. Other currency pairs can be traded on weekdays.

 

[rachadmihoubi]

Learn forex and trading and how to be successful as a trader

you can lean on youtube, and you should read : Trading in the zone by Mark Douglas

 

[Jackyard]

If you are a beginner trader, you should be aware that trading won't be as simple as they are shown on social media. Effective forex traders need to be disciplined about their trading and possess strong analytical skills. You must also develop your trading strategy. Making your own rules has the advantage of being completely tailored to your psychology and personality. Things will work in your favour as long as you have the ability to make logical decisions in the market.