Getting so much confused with the terms. Please, help.
Member Since Mar 17, 2021
494 posts
Oct 04, 2021 at 20:38
TradeHut posted:
A consistent learning will always help you to understand each and every term.
Learning helps a trader to become professional in this market.
Oct 15, 2021 at 19:28
I believe that it's tightly connected with your experience. You make right steps that you try to participate in forex related conversations as it's the most profitable for your knowledge way to gain experience, besides practicing and learning trading peculiarities. In my opinion, you should try to remember those terms in order to understand what's going on around trading community. In addition, I should state that you have to write them down and learn like subjects at school in case you can't remember while see them. I just want to tell you that it's okay and you shouldn't bother about it, you just got acquainted with a new sphere.
Oct 16, 2021 at 07:28
sidekickstarter posted:
Hi,
I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.
How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?
I even search for kind of Forex Dictionary but failed to find one.
Hope that, you won't mind.
You can refer some good youtube channels may be. That will help you out because when you hear something that proves to be more useful than reading. Or you can refer pipsology course by Babypips.
Member Since Jul 23, 2020
816 posts
Nov 11, 2021 at 11:17
New traders must improve their skills through practice and discipline.
Member Since Jul 23, 2020
696 posts
Nov 11, 2021 at 16:36
Beginners must keep in mind that practice, knowledge, and discipline are key to success.
Nov 17, 2021 at 04:27
These little unique words in forex trading convey a lot of information and it’s strange how it becomes impossible to trade without the knowledge of these basic terminologies. I remember how these words sounded alien to me when I was a beginner and now it has just become a part of my vocabulary just like any other trader.
Member Since Oct 29, 2021
69 posts
Nov 22, 2021 at 05:52
If you are completely new to Forex trading, I recommend reading the basics before attempting any more advanced strategies. Forex trading takes time to learn, and I would advise you to be patient, as it will pay off in the long term.
Jan 10, 2022 at 08:51
sidekickstarter posted:
Hi,
I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.
How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?
I even search for kind of Forex Dictionary but failed to find one.
Hope that, you won't mind.
Keep studying and take notes of new words. If you are totally unfair, do a good search on the net with the words and find out what that stands for. At the beginning, it seems tough, but surely you will learn all of them.
Member Since May 31, 2021
48 posts
Jan 10, 2022 at 10:55
If you're doing it for fun then it will be near to impossible to get thing right into your head. Construct a purpose and work for it. You will understand faster and better.
Nov 07, 2022 at 02:46
Some traders ask- mind or machine? Which one is more effective? I always answer mind because your mind always controls your decision. So, make your mind prepared for learning and apply those learned lessons on the market to reap much gain.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
