According to me, You must learn a lot firstly by reading some tutorials. Try to consistent in pips school. There is a proper guide for learning Forex for the traders who are particularly beginners. And try to join a broker and open a demo account. But you will learn what you need to do in the tutorials and try to participate on this forum especially Newbie Island so you can learn more.
LongVision
Member Since Apr 06, 2018
254 posts
Apr 23 2018 at 06:26
Here are some nice books that are really good you can learn every aspect of trading-
1.Beyond Technical Analysis-Tushar Chande
Brief Intro.-Old book 1997 edition but these system really works in today market also. The book is broadly divided into two parts. The first half deals with development and testing—how the system worked on past data— and discusses basic rules, key issues, and many new systems. The second half explores how the system might do in the future, with a focus on equity curves, risk control, and money management. A key contribution is a new method called 'data scrambling,' which allows unlimited amounts of synthetic data to be generated for true out-of-sample testing.
2.BUILDING RELIABLE TRADING SYSTEMS-Keith Fitschen
Brief Intro.-This book shows you how to build a tradeable strategy. A tradeable strategy is one that fits your own risk/reward goals, and one that trades in real‐time as well as it performs in the development back‐test. It is not easy to develop a tradeable strategy because there are serious pitfalls. Most of us are greedy and want to trade something that has a large return.
3.Definitive Guide to Position Sizing - Van Tharp
Brief Intro.-One of the best book on Money management/Risk Management
4.Trading in the Zone-Mark Douglas
Brief Intro.-The goal of any trader is to turn profits on a regular basis, yet so few people ever really make consistent money as traders. What accounts for the small percentage of traders who are consistently successful? The determining factor is psychological—the consistent winners think differently from everyone else.
1.Beyond Technical Analysis-Tushar Chande
Brief Intro.-Old book 1997 edition but these system really works in today market also. The book is broadly divided into two parts. The first half deals with development and testing—how the system worked on past data— and discusses basic rules, key issues, and many new systems. The second half explores how the system might do in the future, with a focus on equity curves, risk control, and money management. A key contribution is a new method called 'data scrambling,' which allows unlimited amounts of synthetic data to be generated for true out-of-sample testing.
2.BUILDING RELIABLE TRADING SYSTEMS-Keith Fitschen
Brief Intro.-This book shows you how to build a tradeable strategy. A tradeable strategy is one that fits your own risk/reward goals, and one that trades in real‐time as well as it performs in the development back‐test. It is not easy to develop a tradeable strategy because there are serious pitfalls. Most of us are greedy and want to trade something that has a large return.
3.Definitive Guide to Position Sizing - Van Tharp
Brief Intro.-One of the best book on Money management/Risk Management
4.Trading in the Zone-Mark Douglas
Brief Intro.-The goal of any trader is to turn profits on a regular basis, yet so few people ever really make consistent money as traders. What accounts for the small percentage of traders who are consistently successful? The determining factor is psychological—the consistent winners think differently from everyone else.
The market will trade through it’s path of least resistance .
In Fx trading by and large traders think only good trading knowledge can brings success very rapidly , but practically despite of good trading knowledge that’s not possible at all to lead a comfortable trading life if you don’t know how to manage your time.
ElliotCooke
Member Since Jul 20, 2020
341 posts
Nov 09 2020 at 12:19
Learning is the most important thing in the forex market. Without learning you can not survive in this risky market.
EbonyJones
Member Since Jul 20, 2020
232 posts
Nov 09 2020 at 12:53
Knowledge is the main key to success in the forex market. No trader can make a good career without proper knowledge.
We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice , so besides acquiring good knowledge its more appropriate to emphasis on practice session.
GeorgeBischof
Member Since Jul 19, 2020
318 posts
Nov 10 2020 at 19:44
If you want to become successful in this market, you need to learn all the tools and techniques of forex trading perfectly.
SteveHanks
Member Since Mar 17, 2021
536 posts
Apr 13 2021 at 19:26
ElliotCooke posted:I agree with you. Proper learning is mandatory to survive in this market.
Learning is the most important thing in the forex market. Without learning you can not survive in this risky market.
Being able to understand these concepts is really dangerous, because they are one of the components of trading.
SofieAndreasen
Member Since Jul 23, 2020
759 posts
May 11 2021 at 00:14
There are a lot of sources to learn. But traders often show less interest in learning.
Adribaasmet
Member Since Aug 27, 2017
994 posts
May 11 2021 at 09:41
learning is important its okay, but in spite of having good learning, approach trading can be useless if there is no regular practice.
That probably depends on the money and broker you are willing to invest in. good luck to you.
Adribaasmet posted:Yes. Learning is very essential to make money from this market.
learning is important its okay, but in spite of having good learning, approach trading can be useless if there is no regular practice.
MasterMove
Member Since May 31, 2021
35 posts
May 31 2021 at 07:34
For every trader, it is very important to gain sufficient knowledge to excel in the forex market, no profit can be made with lack of education.
It is necessary to study and understand all the trading rules that will be necessary in order to start working here.
I can’t imagine how you can even start trading vine with your funds if you have not studied and do not know anything.
Starcliff posted:I also can't understand how anyone can invest their money without any knowledge.
I can’t imagine how you can even start trading vine with your funds if you have not studied and do not know anything.
LyudmilLukanov
Member Since Jul 23, 2020
869 posts
Aug 08 2021 at 02:40
Knowledge is the key to success in trading. So, focus on learning.