NEW TO TRADING

Traders rely on only technical analysis but it’s not fair for them because only technical analysis can’t serve them with the best market forecast until it is not accompanied by fundamental analysis.

A trader should consider all the ways of earning knowledge and practice must be made compulsory. Education is now quite easier than before because of the availability of internet.

In this forum, you can learn more information.

Start with a demo trading account and you’ll be glad you did. It will help you understand the trading platform and about the broker.

If making money is your only goal, then you shouldn’t join forex. I want to make money from Forex to meet my demand and flourish my career.

Yes, I am too new to trading but I found this website. Where it talks about which trading tool is best for beginners, you can read this. It helped me . I hope it will help you too.
https://medium.com/@thisisbusiness10/best-ai-trading-software-for-beginners-in-2023-e6a705853d29

Hehe make money in forex - i can tell you that you will need a long breath .. very long .. much time, you need a lot of knowledge and a very very good mental condition to get profitable in forex trading. Only 1% to 3% are constant profitable - it is the hardest business of all but if you are really really good it is the best too :-) have a good time and take the time you need - time is knowledge and knowledge/ good mental condition you will need in this business! oh and you will need money in your backhand :-)

I'm in my first year trading full time. Wish I had started with in the right path when I first got interested in trading in 2019. Having a mentor is one of the most if you want to start trading. But starting with a Demo account and gaining some knowledge first helps a lot before committing money and time to mentorships and trading seriously.

I know starting to trade is difficult, I had experience that and keep pushing to improve as a trader to make a living from it. That's why I made a channel as a Blog to dig deeper between the stage of being breakeven and having some consistency into being a professional trader. I would make videos to help with some mistakes I had made/has seen others do and that hinder the progress as traders. Hope it helps as many new traders as it can reach.

Anner posted:
Hello, I'm new here.
I hope that I can find here opportunities to make money in Forex.

Hello and welcome to the forum! You will definitely interact with many traders here who can give you tips and tricks to enhance your journey. Good luck!

Anner posted:
Hello, I'm new here.
I hope that I can find here opportunities to make money in Forex.

Your first step should be to gain sufficient knowledge and trading skills. Find some trustworthy sources to learn and comprehend trading. After that, you can sign up with a reliable broker, and open a demo trading account to get some experience under your belt. It will help you to sharpen your skills and learn more about trading and the market.

the first step of trading is always difficult for any beginners session. and also really challenging.

AdomKutler posted:
the first step of trading is always difficult for any beginners session. and also really challenging.

In my opinion, developing the right trading mindset should be the first step followed by market knowledge. One of the things that make trading so alluring is because it is challenging. It will be difficult to trade without having a clear understanding of the basics and technicals.

You have to consider working on your emotions and how to control them while learning how to trade because trading psychology plays a crucial role in the success of a trader.

Hi, I'm new here and new to trading. Looking for some recommendations (books, YouTube channels on trading, courses maybe) and advice.

Some pro traders create their own Telegram channels.
I think you can get a lot of information there.

njal posted:
The best way to get started with forex trading is to consider what trading means to you and why it is essential to you. Once you have the answers to these questions, you will begin researching and reading more about forex trading. When you are properly confident, you may begin with demo trading and discover how it works for you.

Every day, I try to improve by studying the basic principles of trading.

So much to learn! Find a great teacher who is real and open with their trading experience. It is so important to build your confidence with a few simple skills to get really good at first. Try your best on your own to do well in desperate situations is not the way to go. It takes time to get good! 10000 hours they say to master a skill. Best of luck! Kathy

Proper education is the first step before even committing a cent to a real trading account. Try resources like Investopedia, Babypips and courses from MyTradingSkills.

cashonmymind posted:
I'm interested in trading but don't know where to start. Any tips?

You need to find an edge , easier said than done. When found stick to that edge , if you risk only 1% per trade and target 2% to 4% even if you lose 60% of your trades you will come out on top. Set a time limit to trade no more than 4hrs. Stick to one market as long as that market is working with your edge.....Finding your edge is the hardest of all those things.....Good luck