Learning Forex Trading

According to me, You must learn a lot firstly by reading some tutorials. Try to consistent in pips school. There is a proper guide for learning Forex for the traders who are particularly beginners. And try to join a broker and open a demo account. But you will learn what you need to do in the tutorials and try to participate on this forum especially Newbie Island so you can learn more.

Here are some nice books that are really good you can learn every aspect of trading-

1.Beyond Technical Analysis-Tushar Chande

Brief Intro.-Old book 1997 edition but these system really works in today market also. The book is broadly divided into two parts. The first half deals with development and testing—how the system worked on past data— and discusses basic rules, key issues, and many new systems. The second half explores how the system might do in the future, with a focus on equity curves, risk control, and money management. A key contribution is a new method called 'data scrambling,' which allows unlimited amounts of synthetic data to be generated for true out-of-sample testing.

2.BUILDING RELIABLE TRADING SYSTEMS-Keith Fitschen

Brief Intro.-This book shows you how to build a tradeable strategy. A tradeable strategy is one that fits your own risk/reward goals, and one that trades in real‐time as well as it performs in the development back‐test. It is not easy to develop a tradeable strategy because there are serious pitfalls. Most of us are greedy and want to trade something that has a large return.

3.Definitive Guide to Position Sizing - Van Tharp

Brief Intro.-One of the best book on Money management/Risk Management

4.Trading in the Zone-Mark Douglas

Brief Intro.-The goal of any trader is to turn profits on a regular basis, yet so few people ever really make consistent money as traders. What accounts for the small percentage of traders who are consistently successful? The determining factor is psychological—the consistent winners think differently from everyone else.

In Fx trading by and large traders think only good trading knowledge can brings success very rapidly , but practically despite of good trading knowledge that’s not possible at all to lead a comfortable trading life if you don’t know how to manage your time.

Learning is the most important thing in the forex market. Without learning you can not survive in this risky market.

Knowledge is the main key to success in the forex market. No trader can make a good career without proper knowledge.

knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice  , so besides acquiring good knowledge its more appropriate to emphasis on practice session. 

If you want to become successful in this market, you need to learn all the tools and techniques of forex trading perfectly.

ElliotCooke posted:
Learning is the most important thing in the forex market. Without learning you can not survive in this risky market.

I agree with you. Proper learning is mandatory to survive in this market.

Being able to understand these concepts is really dangerous, because they are one of the components of trading.

There are a lot of sources to learn. But traders often show less interest in learning.

learning is important its okay, but in spite of having good learning, approach trading can be useless if there is no regular practice.

That probably depends on the money and broker you are willing to invest in. good luck to you.

For every trader, it is very important to gain sufficient knowledge to excel in the forex market, no profit can be made with lack of education.

It is necessary to study and understand all the trading rules that will be necessary in order to start working here.

I can’t imagine how you can even start trading vine with your funds if you have not studied and do not know anything.

Knowledge is the key to success in trading. So, focus on 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,.

I am sure that no one wants to win virtual money. Yet, I also believe no one want to lose the real money in vein when you just dont know how the market is functioning. You should always find a proper BROKER and learn paper trading before you take it in the real fight. Get a demo account first please!

Of course, we all always go for normal earnings and, but I think that without testing the strategy and our skills on a demo account, it is quite difficult to move on.