i am dykechris, a beginner, i need guide on how and where to begin forex training and trading
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Hit the green education button above.
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Welcome to the BabyPips community, @dykechris! We’re happy to have you!
To get started on your forex learning journey, make your way to BabyPips.com’s School of Pipsology. Hope this helps!
Penelopip
Moderator
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Start on the Education tab up top and take your time with each section.
Hello and Welcome to the Babypips forum @dykechris!
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.
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Actually, there are lots of ways which you can choose to meet trading. There on this website you have to go through educational courses or you can find them in the internet. There are lots of educational content/videos/webinars which can somehow help you to master trading. My friend told me that webinars really helped him to meet tradin activity mainly because profssional traders tell about everything by simple words. Everything you have to know in my opinion is that when the price is low you have to by a asset, when it’s high you have to sell it. I guess that it’s a formula of success you know.