Whats the Best Education Around??

@NadineB Congratulations, you are taking trade seriously. It must be so!

rrrfx1 posted:
I by nature ask a lot of questions, so I went into forums and exploded them with well-formulated questions. I like to write so that everything I did not know put it on a list and I would seek answers by all means, until I reached an acceptable knowledge of that area and then move on to the other. However, there are common mistakes you are going to make and what you have to commit to form what we call experience.

Well the list of doubts is endless in the trade.

The Market Makers try to steal money from traders by building traps.
Learn how they do that :

wiseinvest posted:
School of pipsology at babypips..

agree 100%

Hello Robin, way to go! Almost a year Trading tenacity is an absolute requirement of every successful Forex Trader. I am an intermediate level Trader which means I know how to trade profitably I just don't do it for a living yet. Hopefully I can help point you in the right direction.

You're in the R&D phase of your trading career and should be free to explore a wide variety of trading Styles and strategies. If you restrict yourself to a cash account you're going to need virtually unlimited resources or time to explore the different strategies available. Demo accounts are free and easy to use. I have 3 demo accounts from different brokers running on my computer right now. I personally have found that backtesting doesn't work and it's a complete waste of time. So the only realistic way for me to test out a good strategy is to test it out on a demo account in real time. I just don't want you to lose any money until you're more sure of what you're doing. I have burnt a few accounts and know how it feels. That's enough about demos, I have 2 tips to share.

     Tip 1 Consistency Every successful business you're familiar with started with a business plan and trading is no different. If you want to be a successful Trader you're going to need a trading plan. Plan your trade and trade your plan.


     Tip 2 Overtrading In my humble opinion overtrading is the number one reason most Traders fail. The 1 minute to 15 minute time frame I would avoid until you're more experienced in trading as there are some very good Traders there and they will take your money if you give them half a chance. Swing trading systems is a much safer choice as you'll be trading in a higher time frames 4 Hour or 1 day which would naturally keep you above The Fray. There are many good and free examples to choose from online. Good luck and happy Trading.

wiseinvest posted:
School of pipsology at babypips..

They start with the truth :

Our definition of a successful trader is having the ability to do three things :

1. Make pips
2. Keep pips
3. Repeat

But this is followed by all the useless 'knowledge' we can read about everywhere !
There is no path a newbie can follow and have success. He has to figure it out on his own.
This is no school !

edwige posted:

NadineB posted:
@yersonv good to hear then. I will be joining webinars this January and I am hoping that will enrich my knowledge even more!

Good decision to start the year.

Thank you so much!

yersonv posted:
@NadineB Congratulations, you are taking trade seriously. It must be so!

Yes, especially that this one made a good result as my secondary income.

monkyl posted:
The best education conforms to your method of study and research based on various means and the ability to analyze your own trading strategy.
Who studies their own trade learn more!

I must agree with you, and while studying you'll discover the best strategy for you own as well.

robinpike posted:
I started to learn how to trade in February, 2016 and have gone through two programs (MTI and Apiary Fund) and while I have learned a TON of information and have done some successful trades I feel there is a piece missing. I am sure it has a lot to do with the learning curve and just needing experience behind me but I can't help but feel there is something missing. My husband keeps telling me, one day the light bulb is going to go off and it will all click for me! I do not plan on being in the 95% of those traders who quit. I plan on making this my full time income so I am extremely determined to make it work!! Any productive advice is welcome!!

Thank yoU in advance for your feedback!! :-)

Robin

Learning how to trade is not as important as learning a winning system, from experience trading for 6 years and loosing i can tell you a winning system is a must. just take your time and you will find the light eventually, but you have to be persistent, and there will be a lot of bad times.

robinpike posted:
I started to learn how to trade in February, 2016 and have gone through two programs (MTI and Apiary Fund) and while I have learned a TON of information and have done some successful trades I feel there is a piece missing. I am sure it has a lot to do with the learning curve and just needing experience behind me but I can't help but feel there is something missing. My husband keeps telling me, one day the light bulb is going to go off and it will all click for me! I do not plan on being in the 95% of those traders who quit. I plan on making this my full time income so I am extremely determined to make it work!! Any productive advice is welcome!!

Thank yoU in advance for your feedback!! :-)

Robin

Hi, I'm also starting and I still have a lot to learn and I do not want to give up, I hope you and the other users support me.

javi3 posted:
Hi, I'm also starting and I still have a lot to learn and I do not want to give up, I hope you and the other users support me.

It's a journey, a long one, so I wish you God speed and success! Don't get demotivated if it get's tough at the beginning. Have you started trading live or still using demo to learn the things?

@javi3 I am totally agreeing with you. The world is the biggest room for learning and improvement! I support you for whatever you are dreaming for.

@robinpike If I and some people did it. I believe you can do it as well, just don't be afraid. Life is too short to be afraid.

Experience will be the best teacher. One simple rule that failed me since I started forex trading is Money Management. This is the key to success for every trader. Manage this well and you will profit in the long run.

Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.

mohdforex posted:
Experience will be the best teacher. One simple rule that failed me since I started forex trading is Money Management. This is the key to success for every trader. Manage this well and you will profit in the long run.

Dont give up and learn from other mistakes. Know how the market move and why? Lots to learn from many forex websites. Do lots of reading and backtests.

I agree with you here. But why the Money Management failed you (not sure if I understood this correctly)?

I agree with you.

I think still many traders learn from babypips is enjoy a place to learn about forex. Then using a demo account to practice.
And eventually, the best education comes from experience.

I feel the best education one can get is from experience, also along with that reading trading books such as - 'one good trade' also helps to gather knowledge.

I think the best education comes from a variety of sources. You have to be able to tap into different sources of knowledge in order to be truly educated about fx.
For me, when it comes to forex, I like to get my education from a mix of forums, Youtube videos and courses. I think each source has its own strengths and weaknesses, but by using all three, I can get a well-rounded education and just input that in my trading.