I was wondering if a forex course on Udemy, or any of those platforms (edX, coursea, etc) good way to better understand forex. Kinda of like a supplement to BabyPips? I was browsing through some of these courses and they seem to be offering a lot of good information. What do you guys think? Also I was told with forex strategies if you’re going to follow one person, follow them, don’t bounce around from one trader to another. Because each trader’s strategies might be / are different from each other. Is this true?
Buying a rising market is usually the right direction but is unlikely to produce a sudden, dramatic win: it does allow the trader to multiply profits by adding to the position.
Buying a falling market is usually taking the wrong direction but offers the chance of sudden, dramatic gains: these are one-off in-out trades.
Important to verify which type of trader you are, 1 or 2. Demo accounts are cost-free and risk-free.
If you’ve worked through all 361 lessons in the Babypips School already, I would look next at “The Transparent Trader” channel on Youtube. He’s very good, and reliable.