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

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.

Remembering terminologies will not be a big task once you understand their application.

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.

There’s plenty or places to find the info and if you just google it and maybe print it off so you can keep looking at it when needed which will help it sink in

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

I agree with you. Every trader has to go according to the plan.

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

Learning helps a trader to become professional in this market.

I believe that it's tightly connected with your experience. You make right steps that you try to participate in forex related conversations as it's the most profitable for your knowledge way to gain experience, besides practicing and learning trading peculiarities. In my opinion, you should try to remember those terms in order to understand what's going on around trading community. In addition, I should state that you have to write them down and learn like subjects at school in case you can't remember while see them. I just want to tell you that it's okay and you shouldn't bother about it, you just got acquainted with a new sphere.

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.

You can refer some good youtube channels may be. That will help you out because when you hear something that proves to be more useful than reading. Or you can refer pipsology course by Babypips.

New traders must improve their skills through practice and discipline.

Beginners must keep in mind that practice, knowledge, and discipline are key to success.

These little unique words in forex trading convey a lot of information and it’s strange how it becomes impossible to trade without the knowledge of these basic terminologies. I remember how these words sounded alien to me when I was a beginner and now it has just become a part of my vocabulary just like any other trader.

If you are completely new to Forex trading, I recommend reading the basics before attempting any more advanced strategies. Forex trading takes time to learn, and I would advise you to be patient, as it will pay off in the long term.

I advise you to learn the terms first, and then invest money! It's safer!

skihav posted:
I advise you to learn the terms first, and then invest money! It's safer!

Yes, beginners must spend time developing understanding and skills in trading. The planning phase is the last part of trading.

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.

Keep studying and take notes of new words. If you are totally unfair, do a good search on the net with the words and find out what that stands for. At the beginning, it seems tough, but surely you will learn all of them.

If you're doing it for fun then it will be near to impossible to get thing right into your head. Construct a purpose and work for it. You will understand faster and better.