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

ElliotCooke
Dec 21 2020 at 21:28
posts 341
If you want to become successful in the forex market, you need to choose the best strategy and choose the best broker.
deborahbennett
Dec 29 2020 at 04:46
posts 23
Hey, I suggest you take a course on forex and familiarise yourself with the terminology and the basics of it. Don’t worry, you will get it right with practice.
Diego99
Dec 29 2020 at 05:57
posts 11
if you are getting confused, try different source. maybe some other website or portal is able to explain better.
VictorAxel
Dec 29 2020 at 07:28
posts 31
You better check out Babypips if you are getting confused with the terms. You'll have all the terms nicely explained and that will surely be helpful for you.
Dorigda
Dec 30 2020 at 13:27
posts 83
Personally, I would write the basic terms that are in trading, and have already learned to apply them in practice using a demo account.
Daxton
Dec 31 2020 at 07:31
posts 42
The best way is to go step by step, understand all the terms one by one and take as much time as required. No need to rush up. No compromises in the learning phase.
ElliotCooke
Dec 31 2020 at 15:16
posts 341
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
Fx_howie
Jan 04 2021 at 07:17
posts 36
Pipsology course by Babypips is really good for beginners.
Malajind
Jan 05 2021 at 15:19
posts 75
Perhaps it will be more convenient and practical for you to try them in practice after studying the terminal, using a demo account
TroyS
Jan 07 2021 at 06:15
posts 17
Fx_howie posted:
Pipsology course by Babypips is really good for beginners.
Indeed, I started with that too. very helpful.
richardmarcus
Jan 07 2021 at 06:43
posts 104
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.
It's totally okay to be confused. There's a LOT of terms and conditions you can inbox me if you want to i can help you out
Russel Gutierrez (russellgutierrez)
Jan 19 2021 at 05:17
posts 56
ElliotCooke posted:
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
All of the things you have mentioned are certainly a must to check. I would add to this checking if your strategy is aligned with your broker, because then only you can benefit from the broker which you are using.
Pointingmark
Jan 19 2021 at 08:15
posts 28
A broker will not guarantee your success; it is your intellect and wit which help you to gain success in the markets because a broker is just a platform for trading, but the actual control is in the hands of the trader.
Lorencecolling
Jan 19 2021 at 09:30
posts 49
russellgutierrez posted:
ElliotCooke posted:
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
All of the things you have mentioned are certainly a must to check. I would add to this checking if your strategy is aligned with your broker, because then only you can benefit from the broker which you are using.
The spreads and the leverage for me is very important as a trader. So I chose the brokers FXTM and Fxview because they fulfil both of the parameters. Now this does not mean that other brokers are bad or not good but they are not meant for me because they don’t have the requirements which I need.
Dorigda
Jan 20 2021 at 10:34
posts 83
Everything you say is correct, the main thing is to choose a broker with whom it will be reliable and where the trading conditions will suit you
mitchelstrack
Jan 20 2021 at 11:41
posts 30
Lorencecolling posted:
russellgutierrez posted:
ElliotCooke posted:
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
All of the things you have mentioned are certainly a must to check. I would add to this checking if your strategy is aligned with your broker, because then only you can benefit from the broker which you are using.
The spreads and the leverage for me is very important as a trader. So I chose the brokers FXTM and Fxview because they fulfil both of the parameters. Now this does not mean that other brokers are bad or not good but they are not meant for me because they don’t have the requirements which I need.
Brokers are very important for your strategy; it is an integral part and you can try out as many as possible using demo trading. It will help you to learn about the interface and help to incorporate many other trading skills.
Russel Gutierrez (russellgutierrez)
Jan 21 2021 at 05:30
posts 56
I am a day trader who constantly trades using automated trading scripts. These can be made with knowledge of the MQL language which is a proprietary language of MT4 trading platform. So I always use brokers that offer MT4, like Oanda, Fxview, IG etc.
Lorencecolling
Jan 21 2021 at 11:00
posts 49
russellgutierrez posted:
I am a day trader who constantly trades using automated trading scripts. These can be made with knowledge of the MQL language which is a proprietary language of MT4 trading platform. So I always use brokers that offer MT4, like Oanda, Fxview, IG etc.
MT4 fan here as well :)
robindude
Jan 27 2021 at 07:04
posts 110
Dorigda posted:
Everything you say is correct, the main thing is to choose a broker with whom it will be reliable and where the trading conditions will suit you
Agreed. What according to you is reliable? I would like to know
Mauk
Jan 27 2021 at 14:04
posts 78
I think by the broker's reliability I mean good working conditions and honesty.
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