What is next ?!

Beginner Questions
1

I decided to start my journey in the Forex world. The first thing I will do is complete the free course on babypips .com, but I am completely ignorant of what I will do next. Will I be completely ready after this course? Do I have to complete other courses? Should I focus on a particular strategy afterward? How will I find it? Do I have to create it myself? Oh I’m totally lost :frowning:

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2

Relax and go step by step mate.

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3

Easy for you to say but I’ll try.

4

Okay, you’re right at the beginning of your learning journey. First and foremost construct a written plan detailing where you are now, where you want to be at a future date, and how you’re going to achieve your goals. Pin it up on the wall, so you can see it every day.

As you go through the courses you’ll find out about yourself, what you like and what you don’t, if FX suits you and your lifestyle, or not. Then, you have a picture of how you’re going to move forward and what you need to focus on.

Bear in mind that to trade FX properly the learning process could take months, maybe even years, to become proficient and consistently profitable. It’s not a get rich quick scheme at all, never has been, and never will be, unless you get lucky at gambling away your capital.

That’s the reality, which hopefully will sober up your mindset.

best of luck.

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5

Whilst following the sound advice from Steve, try some reading. Don’t miss out on - Trading in the Zone - Mark Douglas. Zen in the Markets - E A Toppel is light reading.
Don’t pay for any courses, keep your capital for trading even small to practice with real money after a bit of demo trading.- Tom Hougaard’s website has everything that a costly course can give, He’s a great genuine trader not a marketeer and it’s free.
Don’t gamble. observe risk management.
Don’t chase losses preserve your capital, accept losses as part of the probability game that we are in.
No rush.

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6

Don’t panic. You are right to ask the question. I do not wish to duplicate posts, so please read what I said on another post very recently at this link:
After school here what next? - Beginner Questions - BabyPips.com Forex Trading Forum

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7

you done something what billions of others have nt done

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9

first step of your forex journey join baby pips

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10

Easy too to do it. Believe me. :wink:

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11
  1. Do not pay any courses. Most of what you need can be found in Babypips.com/school, Youtube, Udemy, and from your broker’s website. Be careful and stay away from scammers.
  2. There are so many things to learn so know what style of trading you want to learn depending on your time availability and patience. Try to focus on that at first.
  3. Read ebooks like :
  1. Search other books from Amazon
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12

Thanks for your time :heart:.

13

After basic education, open a demo account (or two) and pick up a simple objective trend-following strategy from this site or the web and run it in demo until you understand how it works, and its pros and cons.

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14

Take a deep breath and start with the course first. Post that, try demo trading. It’ll introduce you to the real world trading but without you having to put real money at stake. Analyze the market, see how market reacts to certain indicators and form strategies.

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