Newbie looking for guidance and support

Every new trader should learn all the basics of forex before entering into this risky market. Without knowledge, they can not survive in the market.

I completely agree with you, in order to really reach a decent level, you need to spend in this area and practice every day for at least six months.

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

You shouldn't be following any signal until and unless you have enough basic knowledge regarding the market, fundamental and technical analysis. Its better to spare some time on learning the key concepts of trading analysis.

Profit is important. However, new traders should focus on learning rather than making more profit.

WaltonCharles posted:
Demo account is the best place to learn. You can test your knowledge in trading for free.

I support that. demo is king for learning

Trading on demo accounts can teach you the mechanics of entering and managing trades, but imho you can't learn money management with a demo account. That requires handling real (and sometimes losing) real money.

No matter who you choose to be your guide or mentor in forex, try to be careful and try not to trust just anyone out there.

Practice demo first. Don’t invest money or real trading without proper knowledge.

Try to trade for a while in the demo and learn the proper way of trading.

I think it's important to Invest real money from the start.losing small and large amounts will help you train your mindset. even with the best strategy you will lose money in fx at some stage, make sure you have already been through it a few times before it comes

That is great and you can also take a few courses and learn it from the scratch. Good luck to you.

WOTMAN_ posted:
I think it's important to Invest real money from the start.losing small and large amounts will help you train your mindset. even with the best strategy you will lose money in fx at some stage, make sure you have already been through it a few times before it comes

I believe till the time you are working on basics,, there is no need to invest capital...

martyandrews posted:
That is great and you can also take a few courses and learn it from the scratch. Good luck to you.

Without proper learning, A trader can face a great loss.

Just to give everyone an update. Since i posted this question almost a year ago i have tried several methods but havs settled for price action. Very little use of indicators if i am honest.

Each person will discover their own style when they get into it. Both have merits i guess.

I am on my way to a funded account now.

Thank you.

the beginners level for all time ignore the demo account but in practical demo is the master place place to become a knowledgeable trader very rapidly.

Make a good plan to survive in this market.

There are many things that can help a beginner to have fewer stumbling blocks in the trader's walk.

The beginner needs to compare himself to a child who is learning to walk, he does not know what it is like to walk, what it feels like to walk, or where to start learning to walk. She just watches people walking, and she believes she can walk too.
The difference between a child learning to walk and a trader is that walking is instinctive, sooner or later the child will learn, while trading in the market is counterintuitive. Then it will be necessary for the operator to force himself to acquire this knowledge.

In this case, without even knowing it, it will use resources to start walking, it will lean on the wall, it will observe other walks, and it will fall many times...

So there are some very important points to cut this short.