How do I trade on my own

Hello am Scott peter and am new here here.
I want to learn how to trade

Hi Scott,
and welcome to the BabyPips forum. Try starting with the BabyPips School of Pipsology, and read for about an hour. Then any questions you have about the content, post a request for explanation. Get used to reading others’ posts on topics you may find interesting, but try to pull it all together around the context of the flow of information designed within School of Pipsology. Best of luck with the journey. Learn Forex Trading at School of Pipsology - BabyPips.com

Hey Scoot, here is your go to guide.

  1. Open a demo account with a regulated broker
  2. Read books
  3. Read articles
  4. Find a mentor to learn with
  5. Study about successful investors
  6. Follow the news related to market
  7. Attend seminars, online classes
  8. Place trade on demo account and trade regularly.

i think you got the exact suggestion as a new Forex trader by ele020 , thanks for that . but i think before opening demo account its more appropriate to make sure reading trading books and article.

finding a Mentor is a really tough game right now , because so many mentor right now in online and most of them are found to be scam.

A mentor doesn’t have to be a person who charges you. Why not look out for free knowledge everywhere? You can go to youtube and start following some really trading channels, I am sure you will find excellent strategies, trade ideas and many more, and off course you tubers cant scam their valuable viewers by any means… Learn smart and act intelligent :wink:

You can start trading on your own, but you need to know the basics about trading, and practice on the demo account. Once you feel comfortable, you can start trading on the live account.

Did you look at any Discord server services? I follow a few. They seem to have a lot of real life examples of trades by participants, so you get some ideas by osmosis. there are other forums too dedicated to Forex or to trading. Try searching further afield. See if there are any local Forex interest groups (or just investing groups). do you research during lockdown so you will be ready to meet after lockdown is over (2025?)

reading books is important i admit but honestly speaking bookish knowledge can be useless if there is no regular practice session

of course! That is completely true., Theory alone cant wont, you need to practice the theory you have learnt only then you will know how the market actually works.