I think for understanding the terminology books are a better source but for learning the practical aspect the videos could do the more justice. So the combination of books and videos can give the most effective learning.
croisssan posted: The best option is practice. I think that this will allow the trader to gain experience as quickly as possible and, as a result, profit.
yuh, agree with ya. practicing is the most crucial thing in traidng, there are no books or videos which would help traders to receive as much as experience as they can gain due to practicing, whether on demo or on a real account. I don't underestimate the necessity of learning theory, or maybe just watching videos from famous traders who show how do they trade. Consistency and balance. Like you should set a goal to watch a video daily and then write down what you have learnt, then go to demo and start trading, great system isn't it? Moreover, traders can add here reading articles or some notes about trading + observing the current situation on the market with a help of news.
Both are good sources of information, whichever floats your boat! Learning is a very important aspect of achieving success in this market. Apply your knowledge by practising on a demo account, backtest different strategies and try to pull in profit. The main effort rests in trying. Don’t give up too easily.
Personally I prefer learning from books because I was an avid reader even before I started trading. But it is hard to understand certain concepts from reading alone and video lessons are quite helpful at times. It just depends on what your preferred medium for learning is.
Does it matter where you get the information form ? Of course, it has to be authentic. Books, courses, or mentors, learn from every source that is accessible to you. And ensure that whatever you learn you apply it as well on a demo account, otherwise it’s a waste of time.
As of now, I am more into watching videos. But I was more into reading books when I was a beginner. You can start learning from videos itself but I think learning from books is a whole different experience altogether. I know some people have no patience to go through pages after pages but still reading 1 or 2 good books on forex can help you a lot throughout your trading journey.
Both are good if they are from reliable traders who have actual experience trading in the forex market. Moreover, the choice between the two should depend on the beginner’s own personal preferences - if they like to read books or watch videos and learn.
Both formats are beneficial. Videos and books can help you understand the fundamentals of the market. Make sure to practice on a demo account. It will assist you in gaining practical trading knowledge and experience.
The main goal is to learn trading. Book, courses, or videos, it doesn’t matter where it comes from. You should consume authentic knowledge at your own pace. Personally, I prefer video lessons as they are crisp and help you understand the concepts practically.
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