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snapdragon1970 (snapdragon1970)
Dec 20 2015 at 17:05
1944 комментариев
mlawson71 posted:
Everyone has to start somewhere. There's plenty of free information and tutorials on the Internet you can learn from, and if you can get professional training it's even better. Also, exercise on a demo account for at least an year before you even try trading with real money.


Yes indeed,there is lots of free information online,but you wont know which is useful and which is rubbish,unless you have professional training you will be reading every sentence on every news report,when you get professional training you know what to read and what info to retain.

snapdragon1970 (snapdragon1970)
Dec 20 2015 at 17:36
1944 комментариев
marketshark382 posted:
Sorry to hear that, but if you have no idea what you are doing. Probably best not to trade forex at all. The odds are against you and you most probably gonna lose everything you deposit. If you can find a good mentor, then you might have a chance. But again, most courses online are BS. So you need to be very careful and educate yourself about forex.

I have been in the business for years and I am still learning, everyday. Good luck!


Yeah this is true FX is not for the inexperienced,actually the odds are about 60/40 for the eur/usd in your favour but its actually where you put your stop losses and how much you let your winning trades run,holding on to losing trades will kill your account in a short time.

dianajs
Dec 27 2015 at 07:59
823 комментариев
Yep. The only way to gain experience is to actually trade as often as you can. That's what the demo account is for.

LorraineP
Dec 31 2015 at 07:25
32 комментариев
dianajs posted:
Yep. The only way to gain experience is to actually trade as often as you can. That's what the demo account is for.

Agree! I used to chase gurus and signal subscriptions until I blew 2 accounts. That is when I realized I had to learn it for myself, as I can trust only my own judgement and take responsibility for my own losses.
One year later and I'm still on demo. Until I can at least make a demo account double, there's no point in putting anymore real money on the line.

"Do or Do Not. There is No Try"....Yoda
garyryan (garyryan)
Jan 06 2016 at 15:01
3 комментариев
dianajs posted:
Yep. The only way to gain experience is to actually trade as often as you can. That's what the demo account is for.


Completely agree. Demo accounts are were I first learned about different strategies and which ones worked and which ones didn't. It can be tough to translate this to a live account with real money (trading is an emotional and psychological game). I mentioned elsewhere to try and find a broker who can offer you some sort of free live account where they deposit $50 for you to start trading with.

XM offer free $20 account
SpearFX offer free $30
Silicon Markets offer free $100 account
Tradeo offer free $25

Just some examples

rob559
Jan 06 2016 at 15:27
1916 комментариев
Lorraine Pierce

congrats for your website😄

vic84
Jan 11 2016 at 08:14
17 комментариев
dianajs posted:
Yep. The only way to gain experience is to actually trade as often as you can. That's what the demo account is for.


Yes what every you read but you will not get confident if you don't spend time in the market, by spending tie in the market you tend to know about the market movements.

BenNathanFX (BenNathanFX)
Jan 12 2016 at 14:45
137 комментариев
LorraineP posted:
Start with Babypips.com or Forex4noobs.com
Study charts. Study Supply and Demand. Study Support and Resistance.
AVOID PAID SERVICES - most are scammers
AVOID loading your charts up with tons of indicators.
20 EMA, and supply and demand zones is all I use.

Learning forex is equal to getting a college education. Yes, it can take that long to be profitable.


Unfortunately paid services (if you get the right one) are the best way to learn - LOTS are scammers, but the simple way to seperate those out is to check out 1) reviews on FPA and 2) their credentials - if they arent backing up their teachings with some live verified results, avoid like the plague. Simple....

As a seasoned trader, my advice is this - study the fundamentals - ie the economy, what the central banks are, what makes them tick and in turn how they manipulate the markets... learn to 'know whats going on' before you learn about how to open and close a trade.

Hope this helps

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
snapdragon1970 (snapdragon1970)
Jan 12 2016 at 15:43
1944 комментариев
BenNathanFX posted:
LorraineP posted:
Start with Babypips.com or Forex4noobs.com
Study charts. Study Supply and Demand. Study Support and Resistance.
AVOID PAID SERVICES - most are scammers
AVOID loading your charts up with tons of indicators.
20 EMA, and supply and demand zones is all I use.

Learning forex is equal to getting a college education. Yes, it can take that long to be profitable.


Unfortunately paid services (if you get the right one) are the best way to learn - LOTS are scammers, but the simple way to seperate those out is to check out 1) reviews on FPA and 2) their credentials - if they arent backing up their teachings with some live verified results, avoid like the plague. Simple....

As a seasoned trader, my advice is this - study the fundamentals - ie the economy, what the central banks are, what makes them tick and in turn how they manipulate the markets... learn to 'know whats going on' before you learn about how to open and close a trade.

Hope this helps


Unless you have some kind of background in Finance or Econ,unless you have got great training from a professional,unless you have self-study of the markets for 3-5 years,worked in AUM , you are wasting your time and money trading Financial markets.Only then you have a chance of beating the odds.You need a rounded view of the whole market not just one slice.

Check Mate
CheckMate3 (CheckMate3)
Jan 14 2016 at 09:35
24 комментариев
Demo's are useless. Deposit $100 into a real account. Once you've blown that, deposit another $100 and so on. Demo's are only meant to learn the trading platform, nothing else. That's why most expire after 30 days.

There are a multitude of forums, but most of the info is from other losers. Be careful. Probably best to buy a trading book that has good reviews. Look them up on Amazon.

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