Best Way To Learn Forex Trading? |
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Aug 11 2011, 08:55 PM
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New MoneyMaker

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I want to trade the forex and i'm looking for sites that can teach me about this market
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Aug 11 2011, 09:54 PM
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New MoneyMaker

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QUOTE (jeckvishva @ Aug 11 2011, 09:55 PM)  I want to trade the forex and i'm looking for sites that can teach me about this market Hi there, I am also new in forex and beforehand I used to read articles and watch video clips on you tube to earn knowledge and ideas based on someone else's thought and experiences. I can give you a sample link of a video that talks about the strategies and techniques that are used by experienced traders to survive the competition of the market. Here is the link: http://www.youtube.com/user/tradeartist?bl...u/0/0DugrE4NZyA.
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Feb 17 2012, 02:02 AM
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New MoneyMaker

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There are many special sites teaching the forex to beginners, even many forex brokers also provide these materials for forex traders. You can find them through internet. For me, I recommend the site babypips and profiforex to you. May you can find the useful forex materials for your learning.
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Aug 17 2012, 03:54 AM
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New MoneyMaker

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Hi,
Whenever you want to find some info, what do you do first? Google it. I found Investopedia to be comprehensive, but the down side is that you must know what you're looking for. If you want to learn by practicing, register a demo with a broker and have a look at the userguide, it usually contains all the info you need to know. I would recommend having a look at the MetaTrader 4 userguide, it is well built and explains all the terms used on the platform. I know it is complex, but if you learn that, you'll have a very good idea of what a trading platform must have to facilitate trading.
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Aug 19 2012, 02:07 AM
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QUOTE (fxjmcalster @ Aug 17 2012, 11:54 AM)  Hi,
Whenever you want to find some info, what do you do first? Google it. I found Investopedia to be comprehensive, but the down side is that you must know what you're looking for. If you want to learn by practicing, register a demo with a broker and have a look at the userguide, it usually contains all the info you need to know. I would recommend having a look at the MetaTrader 4 userguide, it is well built and explains all the terms used on the platform. I know it is complex, but if you learn that, you'll have a very good idea of what a trading platform must have to facilitate trading. Totally agree. Also, if people want something simpler, have a look at babypips.com. There is a school on there.
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Sep 18 2012, 02:10 PM
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New MoneyMaker

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The most foolish thing you can do as a new trader is to open a live account with money and trade.
There is a lot of good information available, but there is nothing like having a mentor. I'll never say never, but trying to cobble your way through freebie-land with all of the (mostly well-intentioned) yet thouroughly misleading information is a sure way to frustration and wasting a lot of precious time - which often leads to failure/quitting and the ubiquitous "Aw man, you can't really make money with Forex. Only the big guys can" .
I don't come around a lot, but sometimes there is somene out there who is serious and committed to learning and just needs the right person to guide them.
If you have any questions, let me know. We'll talk and if I think you are serious and committed to becoming a good trader I can help.
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Sep 27 2012, 04:31 AM
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New MoneyMaker

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Download a demo account it will help you to: Build confidence • Develop strategies • Test strategies • Increase familiarity
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BEST FOREX BROKER Middle East Forex and Investment Summit
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Sep 28 2012, 05:18 PM
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New MoneyMaker

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If you willing to learn forex then i suggest you to see please check out this website.Excellent tutorials to learn forex.https://forex-metal.com/home/tutorials
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Sep 29 2012, 05:00 AM
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New MoneyMaker

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QUOTE (jeckvishva @ Aug 11 2011, 09:55 PM)  I want to trade the forex and i'm looking for sites that can teach me about this market There are various sites having foreign exchange market, look for them very carefully, there are many fake forex sites. You can visit my site, i have information about forex and some of the best foreign exchange sites.
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Sep 29 2012, 06:23 PM
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New MoneyMaker

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I want to trade the forex and i dont many money!
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Sep 29 2012, 10:56 PM
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New MoneyMaker

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Hi, Learn the language of forex trading especially the terminology. For example Forex volume is the amount or quantity of money being traded in the market at a particular point in time. By pip we refer to the increase of one hundredth of a percent of the value of the currency pair you are trading. A trader buys a currency thinking its price would increase and sells a currency because he thinks its value would decrease. Get familiar also with the language of technical and fundamental analysis.
For example, technical analysis is used by small and medium players and uses price data as a methodology of analysis. Most of the technical analysis reports use esoteric words like MACD, Fibonacci, Stochastic and so on. So you would do well to get familiar with this technology. On the contrary fundamental analysis is used by the bigger players with larger capital like for example banks and large financial institutions. These players look to the situation of a country in terms of its political stability, inflation, unemployment rate etc. So as an individual trader you have got to strike the right balance between using technical and fundamental analysis for your trading activity. That indeed is an art by itself.
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