A Starter Needing Help and Support

Hi, Y’all! I am Wainmoh all the way from Cameroon. I’m so happy to be a part of this great community.

I’m a Forex beginner in need of help to find my way around this enormous market. My broker recommended this platform and I think It’s just the best place to start. I joined the Forex community in mid-February and it’s not been easy walking solo. I believe this is where I have to be to make progress.

I look forward to learning from your wealth of experience.



Did you complete School of Pipsology? If you not, start from today. Here is the link Learn Forex Trading at School of Pipsology - BabyPips.com Here you will find a complete course. Start from the beginning.


Hello and Welcome to the Babypips forum @Wainmoh!

As a beginner learning Forex you’re in the right place. Check out Education section here at babypips. (It’s completely FREE). Learn How to Trade the Markets There you’ll find School of Pipsology, Trading Quizzes and Forex Glossary. Everything you need as a newbie starting this field.

If you’re looking for good books to read check out this post by pipcrawler Pipcrawler’s Favorite Trading Books updated. Lot of book recommendations there find what you can and read them too.

If you’re looking for YouTube channels. TastyTrade, Adam Khoo, Candice B, Trading Rush, Investopedia has been recurring recommendations from many traders. Watch as much as you can and gather knowledge from them.

Investopedia and Forexfactory are another two great sites to learn the basics other than babypips.

One of the most important tools for a trader is Trading Journal. Check out the trading journal section in the forum to learn how traders keep track. Trade Journals - BabyPips.com Forex Trading Forum

Addition to these FX related channels invest your time to learn about Trading psychology, Risk Management and Decision making . Find any article or video you can and refer them.

Other than that, there are many interesting sections in the forum. It’s not time wasting to spend time there reading and learning. Check out every section you can and learn something from everywhere.

These are just a few tips to begin. There are many sources out there GOOGLE is the GOD if you have any question you just have to type it and He’ll give you not one by multiple answers.

Try all this and open a Demo account and trade at least for 6 months . Most people get confident around one month and start investing real money but most of them fail. One month of demo trading is absolutely not enough to understand anything. So trade demo at least 6 months to get a proper understanding of the chart pattern behaviors.

Having said all this, I also must tell forex is a risky business. It’s a High Risk, High reward situation. Many fail. From their own fault. Not spending enough time to educate themselves. Not understanding the basics. But with all the resources available you only need patience to educate yourself. Then you can go for the prize!

Good Luck



Wow Nick. Go Nick, Go Nick, Go Nick.
That is one of the most comprehensive help responses I have seen in years. I’m going to check some of those myself. This should become a Forum sticky. Nice reply. :star_struck:


Thank you @Mondeoman! Really appreciate it.

I couldn’t resist providing help and support at a beginning level. Well, how far have you got following the courses?
Where are you at now?
Learnt how to obtain specialist skills? Learnt how not to LOSE money? Learnt how to control your emotions? Spent 6 months on a demo account controlling risk and money management?

Whether you make progress or not is to know yourself first and foremost. Best of luck.


Forex trading can be a different journey for different traders. But there are some common things that can help you in having a smooth trading career.

  • Study for as long as you don’t understand the forex basics.
  • Practice on a demo account to put your knowledge to the test.
  • Start small when you go live.
  • Take lessons from every trade you execute.