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EliteCapital1
Nov 06 2019 at 00:32
13 posts
Hello Traders,
There are lot of good information on forex trading online but problem is if you are new to forex market you don't necessarily know which info is gold which is crap. I have been there myself. I would say you definitely need proper education when it comes to forex trading. Problem is it does not come free. If you seriously think about trading forex which you should because you will be risking your own money, I would say find a real trader who is making money consistently and learn from them. Do not pay some one who claim to be Guru/expert in trading but they actually don't trade themselves. Stay away from them, their main income source is teaching not trading. But real traders main income source is from trading not from teaching. There is a big difference. Thats why I say learn from long term successful traders.
Wish you all the best

finnishpension
Nov 06 2019 at 11:27
11 posts
Keep clear of the free information and opinions on forums. It is all junk or written by newbies. Find a proper paid for course from someone that has a myfxbook page with results

jamesgwyther
Nov 06 2019 at 15:39
289 posts
finnishpension posted:
Keep clear of the free information and opinions on forums. It is all junk or written by newbies. Find a proper paid for course from someone that has a myfxbook page with results


Not sure I agree.

Babypips
Ditto Trade
Forex Peace Army
Forex.Academy

All great places to learn for free!

Professional4X
Nov 06 2019 at 22:24
1189 posts
finnishpension posted:
Keep clear of the free information and opinions on forums. It is all junk or written by newbies. Find a proper paid for course from someone that has a myfxbook page with results



Paying for courses based upon someone having a stats page on myfxbook or other similar service is extremely bad advice, and people who give that kind of advice should be ignored. Account stats are easily manipulated to show 'super gains' and 'holy grail' trading methods, when in reality, the opposite is the case.

Focus on risk management as the #1 priority

Learn to trade on demo

Ignore anyone who says they have an 'elite' or 'secret' trading system for only $49.95 should be avoided.

There are no 'elite' or 'secret' systems available to the general public, and anyone who is willing to sell you this information is probably scamming you.

There are no 'holy grail' trading systems for $49.95. They're a scam and you will only make someone else rich by buying them.

Paying for expensive trading classes and systems is absurd.

Don't waste your money, just learn the basics of trading and develop solid Risk Management discipline and you can be profitable.

MyFXBook, Forex Peach Army, and Baby Pips are great resources and are free.

Don't waste your money on scams.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Karlos Fandango (Smith2525)
Nov 10 2019 at 22:55
27 posts
jamesgwyther posted:
finnishpension posted:
Keep clear of the free information and opinions on forums. It is all junk or written by newbies. Find a proper paid for course from someone that has a myfxbook page with results


Not sure I agree.

Babypips
Ditto Trade
Forex Peace Army
Forex.Academy

All great places to learn for free!


I have used most of these during my journey and completely agree. There are so many fantastic resources available for free out there. Most of the 'paid courses' just regurgitate this free information.
Also, finding a genuine mentor is very difficult as the industry is littered with scammers. You need the base knowledge before even considering more advanced mentoring.

Roberto21
Nov 11 2019 at 07:53
355 posts
beginners always try to acquire knowledge by reading Book , but bookish knowledge cant bring good knowledge and experience until having regular practice.

jamesgwyther
Nov 11 2019 at 14:05
289 posts
Roberto21 posted:
beginners always try to acquire knowledge by reading Book , but bookish knowledge cant bring good knowledge and experience until having regular practice.
You need to use the charts for sure

Imamul
Nov 12 2019 at 09:23
540 posts
learning is good but besides this practice is more important.
 otherwise any kinds of learning attitude can be useless.

Mohammadi
Jan 19 2020 at 15:03
825 posts
demo is the best place to see leverage performance , before live traders should use high leverage in demo., it always supportive to avoid risk when live.

jonny99
Mar 25 2020 at 07:32
32 posts
As I can see most of the people have mentioned Babypips here, I also agree with the same. Babypips is a good forum to grasp basic knowledge about forex trading. Good platform for beginners. But for practical knowledge, practice on demo account is best.

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