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

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.

if you are getting confused, try different source. maybe some other website or portal is able to explain better.

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.

Personally, I would write the basic terms that are in trading, and have already learned to apply them in practice using a demo account.

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.

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.

Pipsology course by Babypips is really good for beginners.

Perhaps it will be more convenient and practical for you to try them in practice after studying the terminal, using a demo account

Fx_howie posted:
Pipsology course by Babypips is really good for beginners.

Indeed, I started with that too. very helpful.

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

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.

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

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

I think by the broker's reliability I mean good working conditions and honesty.

There is no secret in this market. You need to make a good and profitable planto make momney from this market.

Just to learn the terminology, which is not enough, you need to understand how to apply it correctly in trading.

Pointingmark posted:
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.

Exactly, brokers can only provide you with a medium to trade, success in Forex trading depends only on a person’s knowledge and skills.

A consistent learning will always help you to understand each and every term.

I think that to better understand and understand the terminology you need to do it yourself.