Getting so much confused with the terms. Please, help.

Mar 03, 2019 at 11:46
2,736 Angesehen
52 Replies
Mitglied seit Mar 17, 2021   536 Posts
Oct 04, 2021 at 20:38
TradeHut posted:
A consistent learning will always help you to understand each and every term.
Learning helps a trader to become professional in this market.
Mitglied seit Jan 30, 2020   21 Posts
Oct 15, 2021 at 19:28
I believe that it's tightly connected with your experience. You make right steps that you try to participate in forex related conversations as it's the most profitable for your knowledge way to gain experience, besides practicing and learning trading peculiarities. In my opinion, you should try to remember those terms in order to understand what's going on around trading community. In addition, I should state that you have to write them down and learn like subjects at school in case you can't remember while see them. I just want to tell you that it's okay and you shouldn't bother about it, you just got acquainted with a new sphere.
Mitglied seit Sep 23, 2020   42 Posts
Oct 16, 2021 at 07:28
sidekickstarter posted:
Hi,

I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.

How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?

I even search for kind of Forex Dictionary but failed to find one.

Hope that, you won't mind.
You can refer some good youtube channels may be. That will help you out because when you hear something that proves to be more useful than reading. Or you can refer pipsology course by Babypips.
Mitglied seit Jul 23, 2020   869 Posts
Nov 11, 2021 at 11:17
New traders must improve their skills through practice and discipline.
Mitglied seit Jul 23, 2020   759 Posts
Nov 11, 2021 at 16:36
Beginners must keep in mind that practice, knowledge, and discipline are key to success.
Mitglied seit Nov 03, 2021   53 Posts
Nov 17, 2021 at 04:27
These little unique words in forex trading convey a lot of information and it’s strange how it becomes impossible to trade without the knowledge of these basic terminologies. I remember how these words sounded alien to me when I was a beginner and now it has just become a part of my vocabulary just like any other trader.
Mitglied seit Oct 29, 2021   70 Posts
Nov 22, 2021 at 05:52
If you are completely new to Forex trading, I recommend reading the basics before attempting any more advanced strategies. Forex trading takes time to learn, and I would advise you to be patient, as it will pay off in the long term.
Mitglied seit Jul 19, 2020   751 Posts
Jan 10, 2022 at 04:50
skihav posted:
I advise you to learn the terms first, and then invest money! It's safer!
Yes, beginners must spend time developing understanding and skills in trading. The planning phase is the last part of trading.
Mitglied seit Dec 09, 2013   139 Posts
Jan 10, 2022 at 08:51
sidekickstarter posted:
Hi,

I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.

How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?

I even search for kind of Forex Dictionary but failed to find one.

Hope that, you won't mind.
Keep studying and take notes of new words. If you are totally unfair, do a good search on the net with the words and find out what that stands for. At the beginning, it seems tough, but surely you will learn all of them.
Mitglied seit May 31, 2021   48 Posts
Jan 10, 2022 at 10:55
If you're doing it for fun then it will be near to impossible to get thing right into your head. Construct a purpose and work for it. You will understand faster and better.
Mitglied seit Sep 02, 2022   75 Posts
Nov 07, 2022 at 02:46
Some traders ask- mind or machine? Which one is more effective? I always answer mind because your mind always controls your decision. So, make your mind prepared for learning and apply those learned lessons on the market to reap much gain.
Mitglied seit Nov 07, 2022   1 Posts
Nov 07, 2022 at 20:17
kuddos to you all, its been an awesome reply throughout
Mitglied seit Sep 02, 2022   75 Posts
Nov 09, 2022 at 06:44
Technical analysis plays a vital role in capturing the market trend. The better you can forecast the market, the better you can reap profit.
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