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New in forex trading
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Adribaasmet

Member Since Aug 27, 2017  861 posts Adribaasmet Aug 30 2018 at 06:43
LikeMustard posted:
GreenTrades posted:

Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.



Those are good beginner sources but be careful not to take the strategies etc. too seriously. Get the basics and then move on to more advanced methods. None of the simple strategies they use will work


Yes mate, learning is a keep continuing process; new traders need to start from the basic & move on the advance level. Whatever; there is no shortcut way of learning.

korson

Member Since Sep 01, 2018  12 posts korson Sep 25 2018 at 08:02
LikeMustard posted:
GreenTrades posted:

Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.



Those are good beginner sources but be careful not to take the strategies etc. too seriously. Get the basics and then move on to more advanced methods. None of the simple strategies they use will work

Well said! learn as much as you can then try to create your own startegy rather than copying others.

s1m3nk0n

Member Since Nov 30, 2016  9 posts s1m3nk0n Oct 03 2018 at 11:57
If you are just starting out, you should definitely start learning how to trade manually at first.

Once you are able to show consistent profits, then you can start out trying different strategies and styles of trading, such as automated trading.

When you rely on trade automation from the start, you never really develop an understanding of trading. That's why you should start by trading manually.

Once you are able to make a profit for at least 6 months minimum, then you can call yourself a profitable trader and move on from there. This guide is pretty helpful:

https://groundfinance.com/getting-started-with-forex-trading/

Remember, don't rush anything when you are just beginning. It's definitely not a race to the finish line.

Imamul

Member Since Aug 09, 2017  520 posts Imamul Oct 04 2018 at 10:10
Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!

RampUpToForex

Member Since Oct 04, 2018  9 posts RampUpToForex Oct 04 2018 at 12:49
What is sentimental analysis anyway? I thought that there was only fundamental and technical. Where can I learn sentimental analysis?

davidwatson

Member Since Jul 27, 2018  16 posts davidwatson Oct 05 2018 at 10:15
I agree with @Imamul.

@RampUpToForex
Sentimental analysis is kind of analyzing the feeling how other traders react on particular pair. It's important to consider Sentimental analysis with other analysis in your trading. you can learn more in this good article: https://www.forexpeacearmy.com/r/forex-articles/95/forex-sentiment-analysis

AniLorak

Member Since Apr 18, 2017  885 posts AniLorak Oct 05 2018 at 10:19
RampUpToForex posted:
What is sentimental analysis anyway? I thought that there was only fundamental and technical. Where can I learn sentimental analysis?


Use the search option of this forum, you can also apply this method on all of popular forum, I see there have enough numbers of good threads already.

voketexpert

Member Since Aug 30, 2018  25 posts Voket EA (voketexpert) Oct 07 2018 at 06:01
Multi-demo accounts are a good idea.
You need persistent technique in a long time.
Remember the fatal factor, your mental.

Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Mohammadi

Member Since Aug 11, 2017  788 posts Mohammadi Oct 08 2018 at 18:42
I have seen many of us especially the newcomers don’t believe the importance of demo trading, but this is the master place to lean basic fundamental live trading knowledge which is very supportive to continue a live account in a proper way. My trading career I always use all my trading techniques in demo account to see the performance how it works.

Imamul

Member Since Aug 09, 2017  520 posts Imamul Oct 09 2018 at 06:13
The traders who are particularly beginners first of all have to move on demo trading which is the primary source to acquire exact basic information which is very supportive to continue a live account in a proper way. but mostly traders don’t believe the importance of this trading place at all and kick off a live trading without demo . ultimately they come loser due to lack of real trading experience.

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