I am 15 and I just want to learn how to trade, not opening a live account now or something. But I am thinking to buy a trading course too, for exemple swag academy because its just 200$ right now, or other budget courses. What you guys think?
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Take the Babypips online course first. The problem with courses offered by online academies and such is that they are all created by other retail traders that had limited knowledge and no experience trading professionally to begin with. What they know might sound astounding and fantastic to very new traders, but very basic stuff for those trading already.
If you’ve got $200 to spend get some quality books. They contain way more information that most of these online courses.
The Babypips course is really well rounded and, in my opinion, can complement it with books like:
- Currency Trading for Dummies - Brian Dolan, Kathleen Brooks
- Day Trading and Swing Trading the Currency Market - Kathy Lien (ex JP Morgan Chase)
The first book has a great bibliography that will guide you to more advanced books.
baby pips school is very supportive to make sure all basic knowledge and experience but besides this it is more appropriate to trade in a practice account , otherwise it could be useless.
Do NOT pay for a trading course, ever. Apart from this great education site, here’s a link to a free course site. tradertom.com.
Tom is a long term pro trader who provides everything you should know, free of charge. Just keep saving and adding 10% per week to your $200 until you’re comfortable about leaving a demo account, and trading micro lots on a live account provided by a tier one regulated broker.
Best of luck.
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Yeah, but I almost completed babypips and this why I asked
baby pips is really enough if you are a completely new in trading , just go through this education level for 2-3 times , its will bring good result when trading in a real.
baby pips school+ trade in a demo account= the best result as a new Forex trader.
no education level is enough for any traders , because any kinds of education can be useless if there is no practice level . so it is more appropriate to make sure real trading practice , otherwise trading result can be useless.
Awesome that you’re just 15 and already into trading! Who introduced you to forex? 
Staying on this topic. Young mind got interested in something like trading is BIG. Don’t dream about millions and mansions just yet. Focus on learning process and only on that. Good luck!
mindset is really important , in spite of having good knowledge and experience trading can be useless if there is no strong mindset. so should emphasis on this good trading habit.
myself, I discovered in quarantine and I like it. I discovered from youtube from fake videos but after some months I realise that its not true and now I almost finish babypips
I think the best place to start is with free online resources. Think Youtube or Babypips - or you can just Google “forex beginner resources”. You can watch videos, read articles, take quizzes, and so on. This can help you make sure that you understand how much goes into trading and that it is something you really want to do before you invest money.
Next, you should open a demo account. These are free accounts available through most brokers that allow you to trade using fake money.
It isn’t a bad idea to pay for a course, but you don’t want that info to go to waste. If you pay now, trade on a demo for a while, and get bored with it before turning 18, you might forget what you’ve learned. Perhaps it’s better to start free, begin practicing, and maybe pay for lessons when you get closer to legal trading age so that it’s fresh in your memory.
Dont take trading too serious and dont waste too much time trading, you are just 15, enjoy life, try to do well on school and plan for a proper future with a real job.
I got to say this
I think that its really fucked up that people are here encouraging a 15 year old to trade, and giving him the illusion that a babypips course and some practice will do it.
If he is curious about trading that is fine but wanting to buy courses? And some of you encourage him, or say to buy books, or to save to open a live account?
Lets have him have a gambling problem by the time hes 18 right?
And how do you draw this conclusion? How many gamblers do you know who trade successfully?
Wallstreet does attract some of the best and the brightest minds and it’s well-known. You saying these are degenerate gamblers?
I was the one who recommended the reading list and if you’ve bothered to read the same books you’d know there’s no inkling of gambling in those books. There’s a factual data and methods, built on previous books (bibliography), based on the decades long observations of the financial market.
How you drew the dots from learning how to trade at 15 to that leading to a degenerate future gambling problem is highly confusing. How does learning risk management, portfolio management, basic statistics, basic probability theory and macro economics make you a degenerate gambler? Heck, I’d even recommend he take up programming in python for data scraping and coding fundamentals.
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So for you someone picks a financial book, reads them and becomes the next wall street greatest mind right?
Most people lose money trading these markets, and the ones that are doing it for a long time what do you think they are, gamblers.
A lot of people have read books like the ones that you recomended, and they still lose money and they are still gamblers.
If he wants to follow a area in finance thats very good actually, but in my opinion he should spend is time and energie in studying and having good grades, not trading.
And reading a book wont turn him into a gambler, but i think people should be carefull specially with someone of his age, there are lots of grown up people that get sucked into the stupid dream that they will make money from the markets and the numbers show that the majority fail, i just doesnt work that way where you read some books and you learn how to trade.
It takes a lot of time to practice and a lot of dedication and commitment.
Money isnt everything in life, in my opinion he should spend his free time having fun and enjoying life, and maybe comeback to trading in 10, 15 years.
Far from it. It’s just as you said later*"…practice and a lot of dedication and commitment*.
How can this be true, when none of the books advocate gambling in any form? Isn’t it obvious they aren’t applying what they claimed to have learnt from the books? And what is the sample size of this subset of very stupid people?
Those gambling underestimate the market and put in the money without any of the work or discipline required. Or have deep seated psychological problems associated with impulsive decision making.
Besides those were meant to cover the basics. The course and those two books are barely enough to begin trading FX, ignoring the fact that he might be interested in other instruments.
The young main said he wants to learn how to trade. That’s it. He’s expressed no desire for quick money, change in lifestyle, etc. He’s more driven than most adults for putting in the hours against the online course. Plus he’s smart enough to know start filtering out potential scammers.
If he has an inherent interest in trading he can study and learn core concepts, which in turn will give him a leg up if he decides to pursue a career in banking. If not, he will have learnt a lot of transferable skills in other career paths.
Being forewarned is forearmed in this instance. Less likelihood he’ll fall into the same indiscipline and traps that gullible majority fall into later in life, if he can take advantage of the interest he has now and learns properly.
Babypips gives the nuts and bolts of what you need. For advanced topics, you can get some from youtube, udemy, quickdragon in patreon, MQL5 website, ebooks in amazon like “Uncharted Stratagems”, etc.
Disagree. The BP course is a barebones introduction to FX, forget about trading overall. It’s a great start but highly gamified and simplified.
Youtube and udemy is overflowing with content from other retail traders who try to repackage and market basic concepts that are better established and explained in books. YT content is created for those who have the attention span of goldfish. Very watered and dumbed down. I haven’t found any youtubers who even look at the markets as described by Linda Raschke in this Active Trader interview in 2004:
Atleast well-written books are well researched, properly cited, peer reviewed, undergo multiple editions to smooth out errors. Some of which are even used as the basis for those CFA/CMT qualifications.
The most comprehensive course I’ve found on YT is this series of 30+ hours of MIT lectures in applications in finance. This alone requires a lot of further reading and work to understand