Hello, everyone, I’m a newbie, heard so much about forex and now I’m ready to full know it 
1 Like
You need proper knowledge to survive in this market.
1 Like
Thank you. Can you recommend any valid sources to get this knowledge?
You can get knowledge from the educational section of babypips.
1 Like
Thank you.
Started right away 
Hi and welcome to the forum.
What materials do you need? People may tell you to invest in a fast laptop and two large screens and some special software.
Truth is, you can just about get by with an Android or Apple phone or a tablet. I am more comfortable using a 24 inch monitor on the desk, but that is just me.
When I started Forex around 2010 I bought a new fast laptop and 2 x 24 inch monitors. The wall mount brackets are still there, but it’s a long time since I have needed more than one monitor. And if I travel on business (rare in the past two years), a Surface Pro is good enough.
Use your money instead to build up the biggest bank you can, and be very careful not to trade live until you have used a demonstration account so much that placing and closing trades is second nature.
The last thing you want is to open a trade long with $100 risked, only to find out that you have placed a short trade.
Practice makes perfect.
5 Likes
When I first started, I opened up a trade with a 1 lot size instead of 0.1. It was a high volatility moment and I lost $80 before I noticed it. That was in my Demo account regime. Now live, I have to be doubly careful when trading Gold.
2 Likes
Thank you so much.
I’m more relaxed to start the classes and gain experience without having to break the bank any further 
Wow 
Okay, now, I’ll be stickin with the demo until I’m sure I know what I’m doing 
If just starting out all you need is an internet connection to go through the education section. Don’t worry about other things at the moment as education is the most important
2 Likes
Welcome to the community, @onlythisp4ul. Start at the education section here. It’s the best place to start for beginners. Good luck on your fx trading journey.
1 Like
Hello and Welcome to the Babypips forum @onlythisp4ul!
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
Nick.
4 Likes
Thank you, @Nick1864
You have been very instrumental with these references for my start. I’m positive that im starting out proper.
1 Like
Hi! This site is really helpful. I also think YouTube has a ton of content and some may take in the information easier being that it’s presented in videos. There are several other websites online for free that you can use. There are also paid courses and mentors but I never spent money on any of that and was able to learn for free.
1 Like
Thank you.
From your submission and what I gathered here, it seems babypips education will be a solid source of information. Let’s do this 
Literally signing up here and going through all in your own time of course, the educational content here is a great start .
Applying what you learn here on the charts on demo mode will be the next step good luck friend
1 Like
Thank you chief 
You don’t need much material to start forex trading. You can learn the basics through free online sources, one of the best courses is here at the school of pipsology. Once you start your learning process, you’ll keep discovering what else you need to know. Just when you are confident with your trading knowledge, I would suggest you to demo trade for a substantial time.
1 Like
Thank you so much for the contribution, I’m almost done with the education from babypips, and honestly, they are a lifesaver.
Wow. came across this randomly, seems like a complete guide. Thanks for posting this brother!
1 Like