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

Mar 03, 2019 at 11:46
2,458 Views
52 Replies
Dec 29, 2020 at 04:46
Hey, I suggest you take a course on forex and familiarise yourself with the terminology and the basics of it. Don’t worry, you will get it right with practice.
Biedrs kopš   11 ieraksti
Dec 29, 2020 at 05:57
if you are getting confused, try different source. maybe some other website or portal is able to explain better.
Biedrs kopš   31 ieraksti
Dec 29, 2020 at 07:28
You better check out Babypips if you are getting confused with the terms. You'll have all the terms nicely explained and that will surely be helpful for you.
Biedrs kopš   83 ieraksti
Dec 30, 2020 at 13:27
Personally, I would write the basic terms that are in trading, and have already learned to apply them in practice using a demo account.
Biedrs kopš   42 ieraksti
Dec 31, 2020 at 07:31
The best way is to go step by step, understand all the terms one by one and take as much time as required. No need to rush up. No compromises in the learning phase.
Biedrs kopš   341 ieraksti
Dec 31, 2020 at 15:16
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
Biedrs kopš   36 ieraksti
Jan 04, 2021 at 07:17
Pipsology course by Babypips is really good for beginners.
Biedrs kopš   75 ieraksti
Jan 05, 2021 at 15:19
Perhaps it will be more convenient and practical for you to try them in practice after studying the terminal, using a demo account
Biedrs kopš   17 ieraksti
Jan 07, 2021 at 06:15
Fx_howie posted:
Pipsology course by Babypips is really good for beginners.
Indeed, I started with that too. very helpful.
Jan 07, 2021 at 06:43
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.
It's totally okay to be confused. There's a LOT of terms and conditions you can inbox me if you want to i can help you out
Biedrs kopš   28 ieraksti
Jan 19, 2021 at 08:15
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.
Biedrs kopš   83 ieraksti
Jan 20, 2021 at 10:34
Everything you say is correct, the main thing is to choose a broker with whom it will be reliable and where the trading conditions will suit you
Biedrs kopš   110 ieraksti
Jan 27, 2021 at 07:04
Dorigda posted:
Everything you say is correct, the main thing is to choose a broker with whom it will be reliable and where the trading conditions will suit you
Agreed. What according to you is reliable? I would like to know
Biedrs kopš   78 ieraksti
Jan 27, 2021 at 14:04
I think by the broker's reliability I mean good working conditions and honesty.
Jan 28, 2021 at 18:02
There is no secret in this market. You need to make a good and profitable planto make momney from this market.
Biedrs kopš   38 ieraksti
Feb 03, 2021 at 08:06
Just to learn the terminology, which is not enough, you need to understand how to apply it correctly in trading.
Biedrs kopš   31 ieraksti
Feb 09, 2021 at 08:08
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.

Biedrs kopš   31 ieraksti
Feb 09, 2021 at 08:09 (labots Feb 09, 2021 at 08:16)
A consistent learning will always help you to understand each and every term.
Biedrs kopš   57 ieraksti
Feb 10, 2021 at 15:06
I think that to better understand and understand the terminology you need to do it yourself.
Biedrs kopš   52 ieraksti
Feb 10, 2021 at 20:41
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
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