Where to start my forex journey!

Beginner Questions
1

Hello everyone, I’m new to forex just wanted to say hi and where should I start thanks!

1 Like
2

Welcome to Forex. First write this down and stick in folder and come back to 5 years from now. “”"" $100 compounded 1% 5 Years you will have close or over 1 Million Dollars.""""""" That’s Easy Short Cut to Forex"""""""( edit post start at .05 first 18 Months and then 1% and the rest piece a Cake…just nobody has the discipline and patience to do this,

or you travel what 95% or more do and give Money to all the Brokers, Banks, the Creators of Programs and Tools and take the Road of Tears , Years of Pain.

Forex is Awesome Once you Conquer Yourself

  1. Do the Babypips Lessons
  2. Take the Forex profile Quiz and find out if your a Day Trader, Swing Trader, Scalper, Ect… and stick to that style of trading.

TabiusLee
(Scalper)

3

Welcome to the forum. I would like to advise you that you must start with a good and reliable platform and before it should learn the forex from basics and when you feel now you are good to become a successful trader you can start your trading journey.

4

Proper timing is very important. Profit depends on timing. If you trade from swing low or swing high after daily analysis, the chances of loss are less. If the trade is opened in the middle of a movement, it is not possible to maintain risk rewards and money management properly. That is why trade timing is very important.

5

You should start your forex journey from the Demo account. This will help you understand the basics of the market, learn skills and know-how of strategies to use for trading.

6

demo is important but honestly speaking the knowledge we take from demo actually not works in a real account.

7

start the journey from the demo account. learn and read about it before you get into the live

8

i dont believe the importance of demo trading , its my personal opinion , because in there we just trade at random with no analysis . so its a dead issue

9

Whether a trader makes profit or suffers loss is all about when a trade is entered and exited. Trade timing can either make you profits or lose money depending at what time you decide to trade.

10

I think the first comment regarding tempering expectations is spot on. At first you may wonder what the point of making 0.5-1% is but if youa re making it then the process is working. Over time those same %s will add up. It is important not to focus on the money as best you can as those that do are the vast majority of the ones that fail.

11

Get a demo account, learn about forex, read about fundamental analysis and technical analysis, make a well defined trading strategy and then practice on demo first. If you are generating good profits then go for a live account.

12

It’s important for a trader to keep observing the market and the price changes very often. That in itself would determine when to enter / exit a trade.

13

You sure are at the right place, just get yourself registered with a regulated broker and start experimenting with a demo account

14

Try forex signals man. I used to use that on my previous broker. Though now I am properly into manual trading (On TurnkeyForex and IG), I love how involved that allows me to be.

15

Choose a reputable broker, start with a demo account, then learn the basics with babypips.com/school