Need advice about: learning forex

Hello all members. I want to learn forex trading but also i’m interesting in stock trading. Can u advice me materials, books/videos etc. to learn forex to having ability to analyze to foundamental lever ( I don’t want to follow scalping and only graphical analysis) and understand broker system good/detail for example how much rake they have, how much money I can trade (what is limits for online trading) , is there cashout problems for countries (I’m from gerorgia) what problems can be pissible with brokers etc. also know how politica , other buisness sectors etc. affects to forex exchange, also does I must having of hope of my analysis what in political, or buisness sectors happened something without knowing me? I mean maibe banks, politics they decide to change currency (“eur vs dollar”) secretly and it be “randomly” and goes verything not like my analysis saying. so I’m interested real materials and places where people puts real information to analyze correctly what happened to currencies. But as I say i’m really interested in stock trading (by actions, oil, gus and etc.) What also u advice me start with demo analyze a little or what?

p.s. thanks a lot

Hey man, welcome to the forum/Forex Trading,

I have thread here in which I give Video Analysis of the market based on my Price Action/Swing Trading Strategy. The videos explain how the market moves based on Candlestick Patterns and how you can profit from them.

http://forums.babypips.com/candlesticks-chart-patterns-and-price-action/73933-video-analysis-daily-4-hour-charts.html

Start off on a Demo Account and take this approach…

  1. Determine how much money you want to earn from Forex each Month/Year.

  2. Find a trading strategy that already exists that can meet that target - if you cant find one, then create one for yourself.

  3. Test that strategy until it meets your target consistently for at least 3 Months before going Live. Many people lose money by jumping into Live Account trading without meeting an established trading goal.

4- Once you meet that target, go Live and start meeting that goal.

I highly recommend Swing Trading- Scalping and Day Trading are too difficult and have a lot of disadvantages.

Good luck

[B]Duane

DRFXSWINGTRADING[/B]

Thank you, I check now that video and take your advices, this forum I see have good school too.

Good luck you too

Very much so! And that’s the place to [I][U]start[/U][/I]: [B]School of Pipsology | Learn Forex Trading[/B]

A word of advice, don’t try to learn forex and stock trading simultaneously…very different beasts.

Second word of advice, don’t worry about what the analysts are saying, fundamental reasons behind fluctuations in monetary value, etc., I know it seems like it would help you and make you a better trader, but trust me, it doesn’t! You don’t need to understand why it’s happening, you need to learn to read the signs and understand what they are telling you to do. Here’s an analogy…let’s say you are a ship captain…do you really need to understand all the minute details of what makes the ocean move as it does and the weather patterns form etc.? Or do you need to learn to recognize the signs of impending weather and changes to come, and learn what to do in response to survive?

Focus on price action. There are tons and tons of videos and helpful advice online that you can refer to (to learn it). I like theforexguy’s stuff, lots of free articles and easy to understand tips to get you started. But don’t limit yourself to one source, and like another poster said above, demo what you learn until you see that you are getting consistent profits.

You already have reached the best place to learn. Here babypips.com is the best place to learn Forex and can participate in discussion with other users and can get a good and experienced mentor here.

First of all. use a decent risk reward ratio, and do not look for opening trades, look to analyse the market. and the trades will come to you. dont be greedy. and trade clear signs, i allways tell myself. better safe then sorry.

overall. i strongly recommend, hitting the Baby pips forex School. personally it helped me alot! hope it helps

1st, you need to read some educational articles about forex trading ,

2nd, usually very rare to see a trader could use study fundamental and technical. i suggest you to choose one as your 1st step and not study all of them,.
Understanding chart pattern,i think is a good starts for newbie

Learning is one of the important thing to do before you enter forex trading. make sure that you are well learned so you won’t have any problems when you do your trades.

I noticed no one answered the question I was most interested in re: how likely is it he going to run into difficulties re taking money out of his account.

It’s amazing the hoops some will make you jump through to withdraw YOUR OWN MONEY out. For instance, I live in N.Z & using the most popular bank IN N.Z, and yet running into difficulties in moving my Neteller monies into my bank account. They’re winnings from online poker not FOREX, but the same principle applies.
Even before I managed to get the money transferred out of PokerStars, PS claimed they suspected I may be money laundering, because I put in $50 (so I could take out the now $100 in my account, via Neteller), and then requested taking the money out 48 hrs or so later.
Money laundering - using $100. :32: YEAH, RIGHT, & i’m the friggin’ pope! They’re obviously making interest on every dollar, that’s why. They actually had the nerve to ask me for bank account details and copies, and even utility bills from my current address. Last time I bothered with them - [U]f*ck[/U] em.

I’m supposedly living in a First World Country - if i’m having these problems, I shudder to think how some scumbag broker may try and mess this poor guy around.

thanks for defining a new swing low in babypips. my little cousin is 14 and is having a pokerstars money account.

last week i withdrawed 20.000 from my broker and got it wirhin 48 hours.

it is less likely to run into withdrawelproblems then likely that he will be profitable in trading. stick to regulated brokers with ther location in the big financial hubs: new york. london. frankfurt. zürich. tokyo. paris. madrid. milano - and you will have no problems

so plese first focus on beeing profitable then make out the details about saving taxes withdraw times and tight soreads/low rolls/cheaper alternatives then ecn broker etc

john j murphy - tecnical analysis of the financial markets

its sort of thebible for technical analysis. start with it

for fundamental start with

Burton Gordon Malkiel - a random walk down wallstreet

I didn’t ask your opinion re my post - when I want your opinion, i’ll GIVE IT to you. Stick to the issues the thread was made to address. And just because YOU “withdrawed” 20,000 from your broker is no guarantee of anyone else’s success in this regard.

Also, just a word to the wise, don’t try belittling someone on a site, when you don’t even have a retarded hamsters’ grasp of the English language, my friend.

Adios.

oh wow so inspiring

Hello i was wondering how to use metatrader4?? Any advice??thanks

that’s pretty young to be trading …I grew up in a Gambling family who were also successful bookmakers so was allowed an account by 13 (had already worked for them since an early age learning the business though) …I was making [B][U]a lot[/U][/B] of money in my early teens …but again that’s because they trained me well…

I would never have let a child of mine play real money in their early teens …well perhaps I would if they proved to me they could do it …but with a firm leash on debt

you wont be able to stop them anyway …not these days

N

Forex is the easiest business if you have the knowledge of currency trading. Forex trading is the largest market where you can earn good amount of money. It is opening many job and business opportunities for any kind or category of people. Any category people can choose forex to earn money depend on their time and needs.
This market opens for 24 hour and 5 days a week. Trading is easy if you have the proper knowledge. Nowadays you can get many kind of online courses to learn forex trading. Which will be helpful for you to get in this business. And to do forex trading you must choose the right broker which trading platform suit you more than others.

Is it [I]really[/I] necessary to keep bumping dormant threads to post such trite, generic nonsense? :rolleyes:

Did you ever get a link with a tutorial or nada?