I am confused
Hi people ı learned forex basic now what should i do now .
+blow 10 demo account
Find trading method with you will be feeling comfortable
suggestion
you can start with psychology of school which is the main source to bring all basic terms and conditions of trading , i hope you will be educated from there.
Helloooo! I think it’s great that you’re on demo right now. I agree with the professor, that you should find a trading strategy compatible with your personality and style.
But before that, I think it’s really important that you have a good grasp of the basics of forex.
If you don’t mind, how long have you been learning?
here you go, you can check trading manually, algotrading, discretionary or mixed, scalping, HFT, swing, long term and position trading, carry trading, breakout trading, trend following. Trading CFD on forex, metals, indexes, commodities, stocks. Trading on Futures, currency, metals, indexes commodities. Stock trading. All these methods can use buy/sell stop, buy/sell limit, buy/sell stop limit, market orders (depending on trading terminal) and positive/negative return risk ratio. Regards Greg
Like said by the others i would suggest that you start experiencing all that this market can offer, to see what it is that you’re more attracted or comfortable with. I lost 2 years of trading trying to make a method not suited for me work, I recommend you not doing the same. If you have an idea to which intrigues you the most go for it and do not be afraid to pull the plug at anytime if your realize it ain’t for you. After finding your style i would recommend diving into your psychology to help you in lots of aspect in your trading.
Best of lucks
If you check Ahmeet’s other posts, I think this guy may just have a wicked sense of humour.
I could be wrong, of course.
demo is good but besides this it is more appropriate to trade in a micro account , this is a perfect combination
i always use demo to see my strategies performance , this approach is very supportive to avoid unfortunate risk and losses when trading in a live.
Start practising on a demo account, backtest strategies and learn the mallet functions and once you have a plan, budget and risk management techniques in place, enter the market! Good luck.
How much chart time have you had looking at these basics and studying them?
Start practising on a demo account to learn some good strategies unless you are ready for live trading.
Hi Ahmeet.
Once you have learned the basics of forex, practise demo trading. Open a demo account, and start learning about the pair you want to trade. Build a strategy around that pair carefully and test it out in a demo account. See what kind of risk management and timeframe suit you the best. Practising in a demo account is also a good time for you to simultaneously focus on developing your trading psychology. Read some good books on trading psychology, don’t ignore this aspect of forex or you might face some serious drawbacks in progressing in forex trading.
Basic means what? Did you learn Chart reading? What about your trading skill on the fundamental & technical analysis?