Newbie wannabe Trader

I'm always delighted when I see new traders who are passionate about trading activity. As for learning, then there are lots of resources in the internet, for example, babypips offers quite interesting and fascinating course for new traders. There are lots of lessons around there, which you can pass and get basic knowledge in trading activity. Moreover, you shouldn't forget about practicing, then I advice you to find a proper broker in order to open a demo account and start practicing there. Remember that it may take enough time for you to learn trading activity, thus never regret about time which you will dedicate to learning.

Not all paid courses are worthy. Those who promises too much, stay away from them. The promise should be logical. It should not be unrealistic.

There are many websites available where you can learn about trading. I use babypips for learning about trading.

Yeah babypips is good for basics. Add on are youtube videos. try to search for the specific topic on youtube to save time.

@blackChelsea Yes that's a good website to start with for beginners. I would say to read books on technical analysis and trading psychology. There are some really good books that a trader should read.

skihav posted:
A beginner should be as careful as possible, because for work this is a very important process that should be paid attention to.

Every new trader should practice on a demo account to improve their trading skills.

The main here is to set a goal, actually you successfully handled this task and I guess that the next step for you is to start gradually explore the main peculiarities in trading activity. After it you can start set financial goals. In my opinion, the first task for you is to learn how to lose money. I've not mistaken actually, it's really like that.
If you will learn how to lose money, then probably it won't be difficult for you to learn how to earn them. The vast majority of traders can't admit the fact that trading on your initial stages is just the easiest way to lose money, because you're learning and you have to sacrifice something.

As a trendy business, Forex is highly famed and no other market can beat it. How amazing it is that you are trading in this largest money market sitting home. However, coping up with the market condition is a little tough but nothing impossible as experts are already doing.

If you are a newbie and want to become a trader, I must warn you that it will be a difficult journey. Learning to trade is not easy. However, with time and practice, you will be able to develop that level of confidence and knowledge.

There are some traders who use high lot and gain much within these short pips. If you want to enjoy your scalping, you must start with a scalping-friendly broker.

Hi, in the beginning, it is not going to be a walk in the park. You will have to put in the hard work and give yourself enough time to learn and pick up new skills and improve your trading decisions. Good luck!

Hey, do not get discouraged due to the confusions you are getting. It is an usual process. Every new trader has to cope with it in the beginning stage. Make the most of the power of the internet. You can find useful information there and it will be helpful to achieve your goals.

Zaftig posted:
Hey, do not get discouraged due to the confusions you are getting. It is an usual process. Every new trader has to cope with it in the beginning stage. Make the most of the power of the internet. You can find useful information there and it will be helpful to achieve your goals.

well said

As a beginner, it will take some time to figure out how things work, especially if you have no prior experience. It takes a lot of trial and error to find what works best for you. I recommend that you take some online courses or watch some YouTube videos. Read more detailed and informative books, and use the forum to see how other traders are doing. I am confident that your experience in the forex market will clear up a lot of your confusion. Best wishes on your trading journey!

Hi there newbie. Well, I want to say that it is normal to become confused in your first few days. Pick up on a single strategy and stay consistent in it. Rather, I’d suggest refrain from live trading till the time you brush up your skills and come back confident. Revise through the theory as in babypips. Practise for at least 3 to 4 months in a demo account. Form and develop a strategy, and backtest it.

Hey newbie, I must tell you that you have chosen the right thing for your career. Just don’t take it lightly and do all that it requires to learn and understand the market. Your success depends quite a lot on what you know about the market. Feel free to ask anything you need help with.

I think you are feeling overwhelmed by taking in too much information at once. I would advise you to take it slow and take your time to understand what forex trading truly is. You should enter the market without a well-defined plan or else you will end up feeling more confused and lost. Just stick to demo trading as of now and focus more on learning. Good luck!

It is recommended for aspiring newbie traders that they must improve their knowledge and practice more and more. Keep learning. It is also important to have the right and positive mindset.

The first step for a newbie is to learn all the basics and open a practice demo account, where they can study the platform, practise evaluating the market, and open trades without risk because trading is done with virtual money for teaching purposes