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Learning Forex Trading
Apr 22, 2018 at 10:08
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.
Member Since Apr 06, 2018
242 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 .
Apr 25, 2018 at 12:36
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.
Member Since Jul 20, 2020
278 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.
Member Since Jul 20, 2020
172 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.
Member Since Jul 19, 2020
283 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.
Member Since Mar 17, 2021
494 posts
Apr 13, 2021 at 19:26
ElliotCooke posted:
Learning is the most important thing in the forex market. Without learning you can not survive in this risky market.
I agree with you. Proper learning is mandatory to survive in this market.
Member Since Jul 23, 2020
696 posts
May 11, 2021 at 00:14
There are a lot of sources to learn. But traders often show less interest in learning.
Member Since Aug 27, 2017
875 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.
keeping patience.......
Member Since May 31, 2021
34 posts
May 31, 2021 at 07:34
(edited May 31, 2021 at 07:35)
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.
Member Since Jul 23, 2020
816 posts
Aug 08, 2021 at 02:40
Knowledge is the key to success in trading. So, focus on learning.
Member Since Jun 26, 2020
323 posts
Aug 11, 2021 at 06:14
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
Member Since Aug 13, 2021
39 posts
Aug 16, 2021 at 02:35
I am sure that no one wants to win virtual money. Yet, I also believe no one want to lose the real money in vein when you just dont know how the market is functioning. You should always find a proper BROKER and learn paper trading before you take it in the real fight. Get a demo account first please!
Member Since Aug 16, 2021
9 posts
Aug 16, 2021 at 09:58
But how valuable is demo account if you do not care about losses of virtual money. It surely cannot help teach you
