Learning Forex Trading

LyudmilLukanov posted:
Knowledge is the key to success in trading. So, focus on learning.

Without an education in trading, making money is not feasible. It requires a deep knowledge about the markets. The majority of newbies commit the error of not paying attention to studying. They get focused on earning instead of studying. They lose funds on a constant basis.

Here everything depends strictly on you actually. Nowadays tradesr can start their trading career with 10$ however it depends on the broker and the conditions which it offers. The vst majority of brokers use 100-200$ of minimum deposit just because this sum i enough to boost. If you will comply with risk management practices ( I hope you will), then you have to open deals with 5% of your total deposit. If you will deposit 200$ fpor example, then opening a position with 10$ will be enough for you to learn how to trade and how to earn money here. Everything is much more difficult in case you don't have this sum of money.

as part of learning demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.

Unellene posted:
it is best to learn from your practice and analysis of all your trades, so as not to waste extra time and money on third-party resources

Yes. Proper practice can make a trader successful.

Forex trading doesn't require a certificate. You only need to have the right knowledge and skills. If you are interested, you can take CTM or other professional courses.

A sound mind is as important as solid knowledge and skill. Trading psychology is what makes the difference between success and failure.

Practice is the best way to learn it. I noticed that I learn faster when I trade more. Yeah, I still trade on a demo account but hope to shift to a real one soon. I remember when I read articles and watched guides from gurus I felt that my pot was boiling and I went crazy. It’s much better to trade and learn from your own mistakes.

for practice in a proper way we the traders should go in a demo account even though traders dont believe the importance of this trading place at all.

I think the mindset of the OP is exactly why so many lose money. Why are you even thinking about it yet? If you started med school are you thinking about which blade you're using to make a cut on day 1 or understanding why you need to make the cut in the first place?

Forex trading has become the most popular alternative because of the ROI (Return On Investment, or the value of the investments we have planted), and the profit to be gained can far exceed the average trade in general. In order to achieve the highest return possible on the market and to achieve success at the same time.

With proper learning, one can get the right, and profitable mindset to become a successful trader. One should know what the market is doing, and by knowing that they can understand which direction it might turn. This will allow a trader to buy low and sell high.

A forex trader has to be focused, disciplined, and knowledgeable. It might seem easy to buy and sell currencies but what causes the biggest trouble is determining the right time to do so.

Thats why demo modd is so important.
If you can master 1 strategy 1 pair then you shoukd in theory transition to live nicely

Depends. Some brokers will allow you to open an account with $5 but I'd suggest depositing a lot more than that.

as for learning demo is the first basic after finishing pre school level , but we traders don't believe the importance of demo at all and trade here at random for all time, that's why sometimes i prefer micro account instead of demo after finishing baby pips school.

We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.

It takes a lot of practice to learn Forex trading. You have to be patient, and don't jump into trading until you are well aware of what you are doing. Learn about fundamental analysis and technical analysis.

for learning demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless.  beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.  

It’s not easy to be called a successful trader in the forex market. It takes years of continuous effort and trading to become successful at trading forex. You will have to learn even when you think you have completed your course. You have to practice even if you have already made some profits. It’s just because learning never stops when you are a forex trader.