Hi thanks for getting back… mandatory that’s a key word friend. How long have you been learning trading? Are you or will you learn through learning channel or would you say begin with bpips ? Is it essential to be in this forum ? Wouldn’t you be more advanced in learning using a high ranked you tube channel? Isn’t this forum just really about chatting rather than where eventually you have to go , meaning opening a demo account
Thanks oronzo how long have you been learning with bpips? Would you suggest after some time opening a demo account? Isn’t this forum just about chatting rather than getting to the core of learning ? Which is pysical learning , what s your take on it
Hello Jen thanks for getting back… what can or does this forum give ,I mean isn’t it just chatting and building confidence , because eventually you will have to begin right? And you will have to open a demo account
Thanks butter but surely end of day you must begin right? confidence, how long before you have same is personal… how much of bpips must you have before you make that step and open a demo account
Hello and welcome, you are in the right place. Start with School of Pipsology of this website. Give regular time in learning. Learn about good trading habit and try to develop them from the beginning.
When starting research on a new project a vital step is to identify what you need to know immediately - then research and understand these points. The rest can follow later.
In order to get started in trading quickly, use the simplest chart pattern, an uptrend, and trade it by following it - “buy the dips”. Find a stable uptrend; look for two successive bars with lower highs and lower lows. Set a buy order just above the second bar’s high: set a stop-loss somewhere below the second bar’s low. Adjust the position size to protect you from serious capital loss per losing trade. Take profits when the trend weakens and set a new buy order. If your buy order is not triggered because price fell further, re-set the order at a lower level. Keep doing this. Get on with it.
Hi,
I think the answer is “not much”. But with help from forum members here, it could take you a lot less time to follow some of the recommendations on this forum than to make a random start on Youtube.
The link below is to a post by a forum member in which I have tried to set out the logical journey that I think anyone interested in Forex should be taking.
My own journey into Forex started in around 1988, but seriously in 2010. And I must be pretty useless at it because I still have not found the holy grail of being able to consistently trade with an edge.
I had watched about 20 videos created by what is referred to as the NNFX method until I realized there was a website that put those videos in chronological order. Once I had found the website, I then proceeded to spend about 100 hours writing a trading plan following that method.
In summary, I have found BabyPips to be a good place to start (click the Education tab for a well structured self learning training course called School of Pipsology. Followed in the intended order of learning that will save you a lot of time as well. Do the quizzes - the next time you log on it will keep track of your progress.
Best of luck with BabyPips and with Youtube videos. I use both extensively.
Hi! I understand that it can be overwhelming at first. Hopefully this site will help you out!
Good day sir, i like to know the website that combine the nnfx method together, can you please tell me the channel? I like to learn more?
Sorry i am v new, try a older member…
The question is not for you but the question goes to Mr mondeoman
Just open up a web browser and type “nnfx method”. It is not difficult to find source material if you have been given the key words.
Combine this with School of Pipsology that will teach you the stuff that you need to know to create a sensible trading strategy and plan
You could learn the Forex Trading, only if you are involved in the real market. Start investing your time and small amount of money in Forex Market.
Many thanks ,which brokerage would you reccomend would give me an account without any experience !
Good luck man. I’m also from the NW of the UK.
Developing a strategy that works for you can be daunting, but just stick with it long term and eventually it will all click.
Welcome to the community, @kevinchan19. Yes it’s a little bit daunting. Especially in the beginning when you see all those new words and concepts. But eventually with continued learning and practicing you’ll familiarize yourself with all these things. Good luck on your fx trading journey.
You need to learn lots of things to achieve success in the very first attempt.
The educational section of babypips is the best source for learning.
A demo is the best place to learn forex.