Of course, videos are far more effective than books. However, I think that nothing can beat demo trading in terms of effectiveness. It teaches much better because it teaches through practice. I think that trading on a real account is even more effective. I realize that it’s an enormous challenge but sooner or later I will have to try it.
Book reading is one of the most inexpensive ways of learning about stock market trading. You can grab any of the top sellers and read it to get a deep insight into how the stock market works. By reading books you can understand the things that you must do and avoid as a beginner. The best part about reading books is that they are cheap and you can learn a lot of things about the stock market at a minimal cost. Articles in business journals, business websites, etc. are an excellent way of gaining stock market knowledge and information. There are many popular websites and blog pages where you can regularly visit and read the articles. This is a terrific way of learning about the stock market at no extra cost.
I believe videos are the better way of learning things as most of the senses are active while listening and seeing which results in more probability of learning things. But there are many people who prefer reading books and find them comfortable.
synaphea posted: Why would anyone have to choose one out of these? Both of these are good sources of knowledge and when you combine both of these, you will be able to learn and revise at the same time.
Yes! Combining both visuals and textual information enhances the quality of retention of the information.
Both are excellent learning resources in their own way. However, videos are always favored because they provide a visual impression, which helps to clarify your wish to understand trading concepts and make learning much more enjoyable.
Both are good sources to learn about forex. I mostly refer to “The Little Book of Common Sense Investing” by Jack Bogle and “A Random Walk Down Wall Street'' by Burton G. Apart from this I follow the school of pipsology on babypips.
Both are good sources of learning. Books are the best source to learn the basics of the market and videos give detailed explanations, which helps to understand the analysis part and approach the market better. It’s completely your choice to learn either from books or videos
Different people have different grasping abilities. Some might understand well with the help of some good trading books and some might go with the videos. I personally like to go with youtube videos to learn more about trading.
I think you have to use the most effective sources of learning. As for books or videos, I think videos are better. But you can also read books. Why not? Maybe some successful trader wrote a useful book with different insights and answers. Every trader has his own way. On this way some problems may occur. As a rule, almost 70% of problems are similar. That's why in some book there can be a description of how to solve problems and what this trader did. It is like a supplement. The main training is video tutorials from professionals and a demo account. I have watched it and then tried it on the demo account. I think that's how a lot of traders learn.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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