Learn what? Anyone can learn the mechanics of trading pretty quickly, and trading a demo account seems to make everyone 'rich' in a short time. Demo accounts are simply lures by the brokers to get you excited about trading by letting you gamble with funny money. You can't learn with a demo account because you don't know the techniques by which the market is manipulated by big banks.
There is a reason why 90% of all small retail traders lose all their money and fail when trading 4x. They begin trading when they learn the basic mechanics, usually by scalping, and using some indicator that doesn't show the future movement of currencies. If trading was easy to learn, and a way to get rich quick, you couldn't get a hamburger at a McDonalds because every teen ager would be a rich trader.
But it takes work to learn how those big bankers use Fibonacci series math to signal each other on entries and exits and so many other techniques of price action analysis. Like me, you can stumble around for years, picking up bits and pieces of good information while being fleeced by FX gurus who have nothing to teach you but bitter experience. If you see an ad for a FX trainer with a guy in front of a mansion and his Maserati, the chances are the only thing he will teach you is that you picked another loser. Find a good trainer with a good reputation if you want to succeed in becoming a trader. Invest some money in an education on FX. The odds of you learning how to beat this market on your own are daunting.
Forex trading is not as easy as everyone thinks it is. On average, forex traders lose money 70% of the time. It takes a lot of time to learn, and you need to know what you are doing. Never get involved in forex trading if you don't have sufficient knowledge.
It depends only on you and your cognitive abilities actually. There are plenty of reasons which affect your learning process. The main is how many time do you dedicate to learning trading. I guess that mainly people should dedicate lots of time in order to reach success. Nevertheless, you have to understand that learning means practicing. It will be enough forr you just to read some information about trading activty about various patterns/indicators and figures. Right after you read the information you should find a broker and open a demo account. It's recommended to stay on demo no more than couple of months.
It depends on your abilities actually. Some people can learn trading within couple of days, while for other it may take months and years. There are no complete form of a trader actually. Learning is an inevitable part of trading activity and even professionals find out something new for them in trading actually. It's not surprising because trading activity is variable and diversified. In my opinion, as a rule, learning thoery takes up to couple of days, while practicing may take weeks. As soon as you understand that you can create your personal strategy, then probably you've completed your learning and can start real trading.
It depends only on you actually. Nobody knows how will it take for you to learn trading activity. I'm sure that ordinary people handle this tak pretty fast, because there is no difficulties actually to learn basic notions in trading activity. Of course, you have to dedicate unparticular amount of time to this process in order to start understand something in trading, nevertheless I'm sure that it will bring its profits. To my mind, traders shouldn't neglect learning process as they always help traders to gain new knowledge and of course experience for further trading. So, never regret the time spent on learning.
When I first time attended forex courses they said minimum 6 months needed but on average 1 year. For me it was needed 1.5 years to start earning profits. And still learning. There is allways something to improve.
Depends on your learning ability and how fast you can grasp the information related to trading. Traders should always concentrate on the process of learning, and remember it is not a one day job, you need to keep on learning on a daily basis. Stay updated and enjoy the trading journey!
It’s different for every person. Although to learn the basics it may only take a few weeks but you need continuous practice to hone your trading skills. It takes sometimes two or three years before you actually start seeing some positive results. Some traders try to run before they could actually walk. However I feel that a newbie should never rush into things and take sufficient time to learn.
I have started my learning from babypips school of pipsology. You can go for that, everything is in understandable language. And for more advance topics you can watch youtube videos for specific topics.
babypips is ok but it will not make you a profitable trader. You will know the basics but to be profitable you will need more. More experience and more learning. Best place if other traders and forums.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.