Beginner in forex

Apr 24, 2020 at 19:20
4,894 Angesehen
103 Replies
Mitglied seit Apr 24, 2020   1 Posts
Apr 24, 2020 at 19:20
Hello, my name is Rodrigo and I made the decision to learn the world of forex.
I am quite curious why the person who introduced me to this world sent me directly to this page since I do not understand how I can open a demo or real account to start trading.
Sorry if I sound ignorant in those aspects but I have no experience in this type of platform.
Mitglied seit Jun 08, 2014   120 Posts
Apr 24, 2020 at 23:52
The most common platform is MT4 ,so first choose a reliable regulated forex broker and open your demo MT4 account , they will help and show you how to use platform to trade . Since I am based in Melbourne Australia , my 2 forex brokers are IC Markets and Go Markets.
Often , the best trade is no trade at all
Mitglied seit Aug 11, 2017   886 Posts
Apr 27, 2020 at 14:34
The traders who are particularly beginners for all time fall a great loss by taking high leverage due to non-sense planning and zero risk management policy . so, it is more appropriate to acquire proper risk management policy before using high leverage . actually from all trading elements leverage is one which always contains too much risk.
Mitglied seit Dec 09, 2019   60 Posts
Apr 28, 2020 at 05:12
It is always good to start on learning what forex is all about..take the free courses learning from babypips education, investing.com, tradingview and more...just do not go for any paid courses.
From that..you can then start using demo account from any broker to make the consistence profit....then you can start with live account.
Mind you, it might take you more than 6 months, maybe 2 years, as long as you are capabale of learning and understanding forex much in long term.
Mitglied seit Oct 21, 2019   32 Posts
Apr 28, 2020 at 06:16
Rodrigochg posted:
Hello, my name is Rodrigo and I made the decision to learn the world of forex.
I am quite curious why the person who introduced me to this world sent me directly to this page since I do not understand how I can open a demo or real account to start trading.
Sorry if I sound ignorant in those aspects but I have no experience in this type of platform.

Welcome to this forum Rodrigo. You will be able to learn from trader's discussion here. And yes, do open a demo account and start practicing asap.
Mitglied seit Apr 01, 2020   231 Posts
May 01, 2020 at 00:41
Rodrigochg posted:
Hello, my name is Rodrigo and I made the decision to learn the world of forex.
I am quite curious why the person who introduced me to this world sent me directly to this page since I do not understand how I can open a demo or real account to start trading.
Sorry if I sound ignorant in those aspects but I have no experience in this type of platform.

You have made good decision to start trading Forex and now want to learn it. It is a great place to learn and get advice from seniors of this forum. Also, a demo account will be helpful to get practice and experience. Hope you enjoy your trade.
Mitglied seit Aug 09, 2017   785 Posts
May 01, 2020 at 11:50
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.
Mitglied seit Apr 28, 2020   6 Posts
May 01, 2020 at 12:57 (bearbeitet May 01, 2020 at 12:58)
Rodrigochg posted:
Hello, my name is Rodrigo and I made the decision to learn the world of forex.
I am quite curious why the person who introduced me to this world sent me directly to this page since I do not understand how I can open a demo or real account to start trading.
Sorry if I sound ignorant in those aspects but I have no experience in this type of platform.

metaquotes is the developer of both Metatrader 4 and 5, no need to find a reliable or unreliable broker to open a demo, just download the trading software from them and it will walk you through the process of opening a demo while it installs.
From there you on your own on figuring out how to open a trade, its not hard, go long or short and see what happens, exit the trade if it seems to be a loser and hold on if it is wining, play around, try stops and take profit functions and dont worry about loosing, its just a demo, you should be able to figure out the basic trading functions in a few hours.
After a day or 2 if you think this is your thing you might want to read up on risk ratios, some basic patterns as channels, 123 etc, nothing fancy at first, if you still interested there are sites that teach you more.

Imamul posted:
Honestly speaking, I have never found at any guys who takes forex as a simply hobby and also profitable from here. Because if anyone takes this market place as a part of hobbies , he or she will not be gainer . because men are not willing to grant more hardworking and dedication in their hobbies which is more appropriate to get maximal result in Fx.

The OP did not ask about this but still. This is a great hobby, I dont understand when someone says you cant be good at this if you take it as a hobby, i sail for a hobby, race sailboats and do great in ranking, if I did not know how to sail even after years of practice should I join a professional team, no. If I liked sailing but newer got good enough to race and be in the top should i stop sailing as a hobby, no of course not, if i continuously broke my boat, crashed it into the piers or rocks, should i stop sailing, probably.
Mitglied seit Apr 06, 2020   10 Posts
May 01, 2020 at 13:36
Do not worry about opening a demo or live account. First you need to learn about trading. There is a lot to learn so be prepared
Mitglied seit Apr 28, 2020   6 Posts
May 04, 2020 at 11:28
LOL, just open a demo and play around, learn as you go, some find it difficult and some newer learn, no use studying it for ages before you try it and maybe find out you dont like it
Mitglied seit Aug 27, 2017   994 Posts
May 06, 2020 at 14:02
Having a learning attitude is important! But unfortunately new traders focus on earning instead of learning! As a result; a number of new traders lose their money & time.
Mitglied seit Jan 10, 2020   28 Posts
May 07, 2020 at 18:02
hello sir. i'm new trader too. try to learn a lot but it's hard. i have a question to all of you. do you try trade with indexes? do you like it? what about stocks?
Mitglied seit Apr 28, 2020   6 Posts
May 08, 2020 at 14:48
Adribaasmet posted:
Having a learning attitude is important! But unfortunately new traders focus on earning instead of learning! As a result; a number of new traders lose their money & time.
True that

Mitglied seit Mar 16, 2020   4 Posts
May 13, 2020 at 06:44
I can assist you open the demo account and offer some sourses that I have!
Mitglied seit Aug 11, 2017   886 Posts
May 13, 2020 at 09:25
as a beginner if you want to make profit b y scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.
Mitglied seit May 08, 2020   9 Posts
May 13, 2020 at 10:29
All a beginner needs is as follows:
 1 - Education
 2 - Demo account
 3 - Patience


Focus on those 3 things and you will become a pro eventually
Mitglied seit May 13, 2020   128 Posts
May 13, 2020 at 11:33
The most important thing for a beginner is that he is in no hurry to carefully take the first steps in trading.
Mitglied seit Dec 14, 2019   9 Posts
May 13, 2020 at 18:41
If you are a beginner forex trader, you have to study and practice. https://www.babypips.com/ helped me a lot + a free demo
Mitglied seit May 11, 2020   74 Posts
May 14, 2020 at 07:11
Michael989 posted:
If you are a beginner forex trader, you have to study and practice. https://www.babypips.com/ helped me a lot + a free demo

Definitely good material, if you ask me. And humorous as well.
Mitglied seit Oct 07, 2019   47 Posts
May 14, 2020 at 13:31
Rodrigochg posted:
Hello, my name is Rodrigo and I made the decision to learn the world of forex.
I am quite curious why the person who introduced me to this world sent me directly to this page since I do not understand how I can open a demo or real account to start trading.
Sorry if I sound ignorant in those aspects but I have no experience in this type of platform.

i start learning babypips forum for newbies. there's a lot of useful information as for me.
maybe you can learn it too.
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