Newbie looking for guidance and support

Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?

Thank youi

Paying for signals is useless because you don't know if they're reliable... unless the signal provider can show you a VERIFIED TRACK RECORD.

Coaches are also useless because knowledge is freely accessible on the internet.... There is nothing a coach or guru can teach you that isn't already on the internet. Also most of these 'coaches' are scammers and will never show you a VERIFIED TRACK RECORD.

This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.

if you know how the market behave i can teach you a strategy, for free... save the money that you want to spend on signals, you gonna need it for trading

Hello
the teachings you will find in books and on the web.
avoid all that is paid: signals, training and indicators.
If people are honest they will help you for free

https://www.babypips.com/

Mohammadi posted:
This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.

Dont believe the importance of a demo account?

shados posted:
if you know how the market behave i can teach you a strategy, for free... save the money that you want to spend on signals, you gonna need it for trading

Go ahead. I am eager to learn.

Practice is the best way to get better at it. Thats how you will understand your mistakes and be able to rectify it.

Practice with demo?

I am grateful for all your words. But you know when you are stuck or many things don't make sense a person with more experience can sometimes break it down for you. Hence the forum post. Is there any team chats or groups to bounce ideas off ?

do not use any paid signals, waste of money, my advice find ONE method and practice it on a demo until you are at least profitable for 1 month-3months

thats all you need, I went through the journey of paying for signals and lost money, I then paid for a course which was a waste of money, I'm lucky by chance I met a man in a cafe who took the time to show me his 1 strategy and since then I aim for 50 pips a day at the minimum and have compounded my account

mawao123 posted:
Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?

Thank youi

Start with some simple strategy,

define enter, exit and size, SL and TP. Chose one pair and timeframe.
Test that strategy on demo, if it work, trade, if not change the idea.

define enter, exit and size, SL and TP. Chose one pair and timeframe.
Test that strategy on demo, if it work, trade, if not change the idea.

Can you suggest any tutorials that answer these simple steps?

Thank you all for your help. Are there any telegram groups or discord groups you guys are available in for me to ask further questions on a prompt basis?

mawao123 posted:


define enter, exit and size, SL and TP. Chose one pair and timeframe.
Test that strategy on demo, if it work, trade, if not change the idea.

Can you suggest any tutorials that answer these simple steps?

Thank you all for your help. Are there any telegram groups or discord groups you guys are available in for me to ask further questions on a prompt basis?


id be willing to help you, you can inbox me

togr posted:

mawao123 posted:
Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?

Thank youi

Start with some simple strategy,

define enter, exit and size, SL and TP. Chose one pair and timeframe.
Test that strategy on demo, if it work, trade, if not change the idea.

How long would you test a strategy before considering it to have failed?

If you ask me, the biggest advantage of trading in our time is availability. You can learn everything yourself, you can find the necessary information on the Internet and so on. You absolutely don't need the help of 'coaches' or 'guru' or whatever they call themselves. You don't have to pay anybody for that, you just lose money. If there'll be some questions - go to the forum, here are many who willing to answer them. The rest - you can learn on your own.

guys thanks so much . got some questions

is there a way to figure out a high and low of a period ... say i want to fight the high and low between 6pm of yesterday to 6pm today? any indicator for this ?

is there any moving average indicators you guys can suggest ?

togr posted:

mawao123 posted:
Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?

Thank youi

Start with some simple strategy,

define enter, exit and size, SL and TP. Chose one pair and timeframe.
Test that strategy on demo, if it work, trade, if not change the idea.

Take this suggestion.

mawao123 posted:
Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worthwhile?

Thank youi

Hey there buddy, the best way to become good at trading is to study the charts. The more you learn the better you'll be able to do chart analyses.

My older brother has been doing this with crypto for a while now. In fact, he saved my cousins ass by helping him recover his losses with crypto recently.

However, I have come to learn that 90% of trades are carried out by software/bots. And only 1% out of the remaining 10% will be a successful trade. Humans have emotions and when emotions kick in people end up taking the wrong actions. Luckily, a good software/bot doesn't have this disadvantage.

To be able to control your emotions you gotta understand your mind/ego.

Nonetheless, although I can manage my ego and thus my emotions, I still prefer the software I'm involved with to take make my trades.

Good luck with your adventure buddy :).