cashonmymind posted: Everybody here has suggested me to start with learning. So I just want to clarify if watching videos is enough or should I go for some finance books?
Its good to identify what is your best learning style first. Do you learn better with audio-visual or with text only- you can choose the medium accordingly. There are various smart choices available on the go now, like online free courses that include great textual and graphics and videos combined. So choose the medium that helps you gain a deeper understanding as per your interest. Knowledge is all across.
Books take a lot of time to wrap up, and it is not easy to be consistent when you don’t have a good reading habit. So, I rely more on watching videos since they are more precise and accurate with technical implementations.
For me both books and videos were effective when I was learning about forex trading. It depends upon you totally. If books are enough for you then stick to them. If not, diversify your learning resources. You can also join forums to connect with traders all across the world.
Both books and videos can be useful for learning about forex trading. It ultimately depends on the individual's learning style and preferences. Some may prefer the in-depth, written explanations and examples provided in books, while others may find videos more engaging and easier to understand. Both resources can offer valuable insights and information for those interested in learning about the forex market.
I think you need to learn from both mediums as a beginner. However, the visual medium will always be superior. If you try to learn the same trading concept by reading a book and then watching a video, then you will see that it is much easier to learn from a video. Still, many people including myself would prefer to read books instead. So, it is just a matter of personal preference in the end.
There is a time and a place for book and video learning. I prefer to learn with support and guidance. A good teacher and real life experience, watching them and able to get questions answered is the best learning strategy! There are so many things to learn - it helps to have support! Cheers to your success! Kathy
Personally, I found that learning about forex trading using a combination of books and videos was the most effective method for me. Books gave me a firm knowledge base and helped me thoroughly understand the principles and methods, whereas videos allowed me to see these concepts in action and obtain practical insights from experienced traders. Ultimately, it comes down to your learning style and preferences; some traders may prefer to focus on one or the other, while others may feel that a combination of both is most effective.
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.
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