Want to Learn More!!

Jun 18, 2015 at 11:48
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13 Replies
Member Since Jun 18, 2015   1 posts
Jun 18, 2015 at 11:48
Hi There Everyone,

I know its not really realistic to expect individuals to give away trade secrets and strategies but I have been in and out of trying to trade for a while now and just want to know where to start. I do not mean in terms of learning the basics but in terms of getting to a point where I can open up a live account and begin trading properly. Any help with regard to resources on strategies and advice would be awesome!!
Member Since Oct 02, 2014   909 posts
Jun 22, 2015 at 10:27
The sooner you start to trade, the better. Books are good, news are good, you can learn a lot, but the main thing is to be involved with the market. Watch the tape, follow the trend, listen to what it says. Try to see how it behaves in different situations. Also, demo is good, but don't stay there for too long, maybe 2-3 months, then open a live account, maybe mini, so you could feel the excitement and emotions. Best of success!
Positivity
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Jun 22, 2015 at 16:10 (edited Jun 22, 2015 at 16:11)
open a micro acc 200$, and try a lot ,practice will make you better,only time will make you an experienced trader
Member Since May 28, 2015   5 posts
Jun 23, 2015 at 06:51
Hello,

If you have knowledge of trading you should go to free webinars of trading strategies or things like that and then prove those strategies in demo account for a while to see how good they are.

If you have none experience or knowledge in trading I honestly recommend you that you get to a trading course (not a basic one but a complete one) where they teach you basics, a system, strategies and so on. It's important that the program of the course also encourage you to practice the lessons in demo account (there is ppl that say you should go directly to real account, but I recommend to use demo first).

Don't haste your process, I've seen ppl losing thousand dollars just because they wanted a shortcut in their learning curve.

Best regards.
Member Since Feb 22, 2011   4862 posts
Jun 25, 2015 at 08:21
pdonovin posted:
Hi There Everyone,

I know its not really realistic to expect individuals to give away trade secrets and strategies but I have been in and out of trying to trade for a while now and just want to know where to start. I do not mean in terms of learning the basics but in terms of getting to a point where I can open up a live account and begin trading properly. Any help with regard to resources on strategies and advice would be awesome!!

Hey,

dont hurry or you will burn your money and never start properly.
Do it step by step.
Create trading plan, trading strategy. Define what to trade when to enter trade when to close trade. Stick to the rules.
Trade the plan on demo at least 3 months.
If it does not work change the plan and repeat.
IF you make money on demo switch to cent account
If you succeed and stay cool you can trade real money.
There is no easy way and anyone who promise you so will not make you but yourself rich:)
Member Since Aug 17, 2021   94 posts
Oct 30, 2021 at 12:53
While the forex market is complex, and traders may need to study it in order to become comfortable with it and trade well, getting started with forex trading is rather simple. To begin trading, all that is required is a small sum of money, a brokerage account, computing capacity, and internet access.
Member Since Jul 23, 2020   869 posts
Nov 10, 2021 at 11:22
Trading is an endless process of learning.
Member Since Jul 23, 2020   759 posts
Nov 10, 2021 at 17:47
The market is always a surprise trader. So, there is always some time to learn new.
Member Since Nov 08, 2019   21 posts
Nov 11, 2021 at 08:10
It's almost impossible to learn everything, you will gradually forget things which you had learned in the past. I believe that you should set proper priorities. Learn only those information, which you can apply on practice. Of course, nobody prohibits you to learn every day lots of thing about trading activity, and as well, it's very useful for you as a trader, but I want to advice you to concentrate on practicing, because it gains much more experience than learning. To my mind, you can try to read economic books or trading books, where the experience of particular people is described. It's very useful I guess.
Member Since Mar 28, 2021   617 posts
Feb 25, 2022 at 06:41
pdonovin posted:
Hi There Everyone,

I know its not really realistic to expect individuals to give away trade secrets and strategies but I have been in and out of trying to trade for a while now and just want to know where to start. I do not mean in terms of learning the basics but in terms of getting to a point where I can open up a live account and begin trading properly. Any help with regard to resources on strategies and advice would be awesome!!
Well, you can try this forum to improve your trading skill ; there have tons of useful trading threads in there! On the other hand, you can ask any question here! The community is so active & this forum is so much popular!
Member Since May 29, 2022   39 posts
Jul 01, 2022 at 00:42
Try to open a demo and practice with it for at least 6 months before investing your money in forex.
Member Since Aug 05, 2021   401 posts
Jul 02, 2022 at 13:28
Trade on demo until you're consistently profitable for a period of time. Also, if you haven't, learn about trading psychology so you aren't blindsided once emotions come into play.
Member Since Apr 09, 2019   538 posts
Jul 11, 2022 at 14:04
Wonder how the OP got on or if they ended up giving up.
If you can't spot the liquidity then you are the liquidity.
Member Since May 18, 2022   24 posts
Jul 14, 2022 at 04:44
Practice on a demo account first, it’ll sharpen your skills and understand the market closer. Start with a micro lot, then you can expand. Moreover, start by practising. This teaches you risk and money management too, which are important for successful trading.
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