Forex beginners

How as a forex beginners can i start trading, with no first experience,

Must I always focus on backtesting and demo, to implement trading befor starting out,

What top down analysis is necessary?

Hi and welcome :slight_smile: gain general knowledge as a start Learn How to Trade the Markets then check this topic Program your success good luck in this long journey :slight_smile:

As a beginner, itโ€™s wise to start with a demo account to familiarize yourself with the market without risking money. Also, starting with global economic trends down to individual currency pairs can help you understand market influences.

Absolutely! starting with a demo account to practice trading and backtesting strategies is crucial.

It is better, of course, to start your trading training with a demo account. After all, on the Internet you can find many different trading strategies, but often the quality of these strategies may not be very good. Therefore, we need to first check them personally and select the best points from them, combining this into our trading strategy. And only then can you risk your real money.

it involves examining multiple timeframes (e.g., daily, hourly) to identify the overall market trend, key support and resistance levels, and potential entry and exit points, which is essential for making informed trading decisions.

Welcome! How is it going? I hope youโ€™re going through the School here already. Itโ€™s the best place for newbies.