This forum I would say is one of the best of the new as well as experienced traders to share, learn, and gather experience for becoming a mature trader over the years. All are welcome to this wonderful community.
Hi, I do not suggest signals personally I do not vouch they help at all. It is best you stick to a demo account, so that you get better at trading, but be aware that once you go into live trading things change, as you would also need to be able to control your emotions for example, and that cannot be trained from demoing. However demo trading is important. As you move on to actual trading make sure you have set a strategy and that you use proper risk management plans. Never risk more than you are willing or able to lose. It is best to use a stop loss and to avoid trading highly volatile pairs. Keep reading articles and posts when you feel you need more info on a topic, as you can find a lot of info online. There are also some courses but they tend to be too expensive in my opinion.
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Of course, for a start, a beginner should only use what can help him, they will get comfortable a little and not lose their funds, therefore a demo account and the help of experienced managers provides a very good opportunity for those who start trading in this area.
Everything you have to do at your initial stages is to continue watching videos, reading information and trading on demo. You know that it's not easy to master trading activity right away. It's required plenty of time, and then, this time will be turned into experience, which will help you to earn money. That's why I always advice novices not to rushing. You should continue do learning stuff in order to understand the mechanics of the market. After that, you can start trading on a real account and you will earn money. Of course, you have to mentally prepared for it.
Well, if you are looking for a guidance, then you definitely chose the right option to ask a help on forums where traders can help you. Actually, if you are a new trader then it's enough for you to learn information from various resources, watch videos and webinars. Of course, you should maintain this learning with practicing and demo account suits here best. Yu can apply to your broker and explore the conditions which it offers, perhaps there is educational content, which can teach you basic and fundamental notions in trading activity. Remember that you should never stop learning and continue learning even if you start making good money.
Forum is a great place to learn apart from other educational resources. Here, you can talk to experienced traders, can share your experiences or can ask about theirs. This way you'll learn in a better way.
I agree with most that has been written here, especially on using signal service providers, as I do think this can put a dent to your own future trading career, so it is more preferable to follow signals (if you are going to) who actually provide the market, technical and fundamental analysis with each signals so you are learning their strategy too which you can then adapt to your own trading plan.
i am just starting out doing a few practice runs on a demo account and learning through you tube.
Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?
You have been doing the right thing. Keep demoing and learning from youtube. There are good courses but there are many courses that are useless as well. Thus, it would not be wise for you to buy a paid course or get a mentor right now. Get some experience with this market by being with it, you will learn whom to believe and whom not to. I am wishing you all the very best.
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