Learning and earning

Once a trader has a profitable strategy, a good understanding of risk and compounding will set them free

Very true even with a $1000 account, with compounding they could be millionaire within a decade

Saif59 posted:
Very true even with a $1000 account, with compounding they could be millionaire within a decade

It’s not easy mate! Maybe few traders are able to do so; to be a consistent performer; here having a deep trading knowledge is must.

Imamul posted:
Learning is really important for any kinds of traders in particularly for the newcomers. I think from all self learning is the best. As a part of self learning we can take demo account which is the master place to become a knowledgeable trader very rapidly.

i agree, in my beginning days, i used to follow a friend of mine, he then suggested me some books and did demo after that. that was really helpful for me.

harnick posted:

Imamul posted:
Learning is really important for any kinds of traders in particularly for the newcomers. I think from all self learning is the best. As a part of self learning we can take demo account which is the master place to become a knowledgeable trader very rapidly.

i agree, in my beginning days, i used to follow a friend of mine, he then suggested me some books and did demo after that. that was really helpful for me.

Any pair eBook or anything else? I’m curious to know.

Adribaasmet posted:

harnick posted:

Imamul posted:
Learning is really important for any kinds of traders in particularly for the newcomers. I think from all self learning is the best. As a part of self learning we can take demo account which is the master place to become a knowledgeable trader very rapidly.

i agree, in my beginning days, i used to follow a friend of mine, he then suggested me some books and did demo after that. that was really helpful for me.

Any pair eBook or anything else? I’m curious to know.

i didn't read any ebooks, here are few of the ones i read:
A complete guide to technical trading tips by John Person
japanese candlestick charting technique by steve nison
and Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
by Mark Douglas

harnick posted:

Adribaasmet posted:

harnick posted:

Imamul posted:
Learning is really important for any kinds of traders in particularly for the newcomers. I think from all self learning is the best. As a part of self learning we can take demo account which is the master place to become a knowledgeable trader very rapidly.

i agree, in my beginning days, i used to follow a friend of mine, he then suggested me some books and did demo after that. that was really helpful for me.

Any pair eBook or anything else? I’m curious to know.

i didn't read any ebooks, here are few of the ones i read:
A complete guide to technical trading tips by John Person
japanese candlestick charting technique by steve nison
and Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
by Mark Douglas

How did you learn? Personally or he is providing any online based course? Thanks in advance.

I read loads of books when I started but they all seemed to cover the same basic things and told me about support and resistance over and over again and double tops, fibs. That kind of stuff. But they all missed the final critical element of how you can actually use these tools to trade

NileCandles posted:
I read loads of books when I started but they all seemed to cover the same basic things and told me about support and resistance over and over again and double tops, fibs. That kind of stuff. But they all missed the final critical element of how you can actually use these tools to trade

I am sure; babypips school is much better than the online based trading eBooks! No way to buy online trading eBook.

If you’ve participated in recent discussions about the future of education, you have inevitably heard people argue about the purpose of education: “It should be about preparing young people to be good, educated, and engaged citizens,” some say. “We shouldn’t bend education to suit today’s needs of acquiring specific work skills that may be irrelevant very quickly. Instead, we should equip people with basic critical thinking skills and instill a desire to learn.

How did you learn? Personally or he is providing any online based course? Thanks in advance. he used to teach me personally.

Adribaasmet posted:

NileCandles posted:
I read loads of books when I started but they all seemed to cover the same basic things and told me about support and resistance over and over again and double tops, fibs. That kind of stuff. But they all missed the final critical element of how you can actually use these tools to trade

I am sure; babypips school is much better than the online based trading eBooks! No way to buy online trading eBook.

True. not only it's easy but an attractive lessons so that beginners won't stop learning. it's a great basic learning platform indeed.
But I do feel that it's not everything, we have to find a self-education that we will study as long as we keep forex running.

So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.

In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

Hello friends
if you need any help for forex learning i will help you.

Learning is a never ending process especially in forex trading and even highly professional and highly successful traders keep learning everyday from their mistakes to improve their algo.

But if you are trying to learn quickly to earn quickly in forex, then you might end up loosing everything. So keep learning at the same time try to focus on only one algo which you are comfortable with and which is profitable for others. Then, just stick with it to fine tune it day by day in order to perfectly match your trading requirement and trading psychology.

But if you keep changing your strategy completely and start a new strategy every couple of days or couple of weeks or months and consider it as learning, then you might continue this process for years and may be for lifetime and may not be able to make profit ever in forex trading consistently.

So first finding one profitable strategy and next, sticking with it to improve it day by day is very very important. Because there is no such holy grail strategy which can work for all traders.

Forex is a decentralized market, in which dealers distribute their own price feeds through proprietary trading platforms. As such, it's important to learn the features of each type of trading software before using real funds in an account. Open a demo account and paper trade until you can make a consistent profit.

So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.

Everyday is learning day. Learn everyday and earn everyday good profit.
All the best . God bless you.