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Alex Potter (sidekickstarter)
Mar 03 2019 at 11:46
4 poster
Hi,

I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.

How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?

I even search for kind of Forex Dictionary but failed to find one.

Hope that, you won't mind.

Professional4X
Mar 03 2019 at 19:21
1189 poster
sidekickstarter posted:
Hi,
I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.
How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?
I even search for kind of Forex Dictionary but failed to find one.
Hope that, you won't mind.


You didn't search very hard.

Here you go....
https://lmgtfy.com/?q=forex+terminology

There is currently about 6,140,000 results.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Alex Potter (sidekickstarter)
Mar 04 2019 at 07:37
4 poster
Professional4X posted:
sidekickstarter posted:
Hi,
I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.
How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?
I even search for kind of Forex Dictionary but failed to find one.
Hope that, you won't mind.


You didn't search very hard.

Here you go....
https://lmgtfy.com/?q=forex+terminology

There is currently about 6,140,000 results.


That's really great. I really didn't use exact keywords. I find the place I need. Thanks a lot.

FX Ekspert EU (tforexx)
Mar 29 2019 at 11:08
6 poster
sidekickstarter posted:
Hi,

I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.

How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?

I even search for kind of Forex Dictionary but failed to find one.

Hope that, you won't mind.



It's totally okay to be confused. There's a LOT of terms and trust me when I say you will memorize them in time. There is no shortcuts in my opinion to learn them all.

Maybe you could create your own forex dictionary. When you come across a word you don't know, look for the meaning of it and write it down.

For me, writing by hand really helps with memorizing words and it might help you too. Plus, when you have it written down you have your own forex'dictionary', in case you forget some term.

tracydavison
Apr 01 2019 at 10:21
34 poster
I have often thought of that myself. good question to ask!

willtradr
Jul 31 2019 at 07:45
25 poster
Yeah it happens in the beginning but that’s okay. There are a lot of trading terms to memorize but the best thing would be to understand one term at a time thoroughly and keep on reading about that until your concept is clear otherwise Babypips provides an online course which will clear all your confusions. Understand,learn,then write it down in your own words and create your Forex dictionary.

BBBLack
Jul 31 2019 at 08:39
12 poster
Babypips is a good place to start. I would not worry too much about terminology, you will pick it up as you learn and practice

smith_fx
Aug 02 2019 at 07:00
25 poster
sidekickstarter posted:
Hi,

I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.

How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?

I even search for kind of Forex Dictionary but failed to find one.

Hope that, you won't mind.




Forex trading is not a get rich quick scheme . Learning to trade in forex takes time. A lot of time. Forex markets are highly volatile , so one must have a good hang of it before they actually start trading forex. What you need to do is stay calm and learn each day.
Read books , articles in magazines or newspapers. Familiarise yourself with the trading terminology . Look for tutorials on youtube and follow websites which provide meaningful information on forex trading like babypips.

Once you are done with the understanding part , you can open a demo account to have a practical understanding of how trading is done . It will give you an idea of how the platforms work and their features . Place trades , develop plans and practice each day. Just remember – don’t rush ! Get your basics right.

BallyLemur
Aug 02 2019 at 12:08
11 poster
smith_fx posted:
sidekickstarter posted:
Hi,

I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.

How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?

I even search for kind of Forex Dictionary but failed to find one.

Hope that, you won't mind.




Forex trading is not a get rich quick scheme . Learning to trade in forex takes time. A lot of time. Forex markets are highly volatile , so one must have a good hang of it before they actually start trading forex. What you need to do is stay calm and learn each day.
Read books , articles in magazines or newspapers. Familiarise yourself with the trading terminology . Look for tutorials on youtube and follow websites which provide meaningful information on forex trading like babypips.

Once you are done with the understanding part , you can open a demo account to have a practical understanding of how trading is done . It will give you an idea of how the platforms work and their features . Place trades , develop plans and practice each day. Just remember – don’t rush ! Get your basics right.



Great point well made. So many people rush into this and expect to be rich within weeks. Like all good things in life, hard work is required

Frionson
Apr 25 2020 at 14:12
9 poster
How can you failed to find some dictionary about forex, are you really serious now? It's damn easy as hell probably anyway. Just like some other use google, this website honestly for advanced traders and lacks really newbie sections, so keep that in mind.

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