10 Steps to forex learning & Trading !

[KinG]

the learning process is very important in forex business if traders do not learn in this business well then they can never be successful in the trade so I think we should continue to do in this business never lazy to follow the learning process in the trade so that the we have a process to learn well then this will bring more leverage we will continue and will get a lot of knowledge

[KinG]

Beginners usually do not understand the importance of learning. Many traders lose money because they don't spend enough time in learning. Many new traders when see that it is so easy to manage with trading platform it is only buy and sell, they think that it is enough for making some profit. Often they are not wiling to invest their time to get familiar with the market using demo account.

[sisca]

The first step on my behalf: choose a decent broker like insta. There are various factors to think about
before choosing the right on-line forex broker, all of which must be scrutinized to ensure that
your mercantilism and brokerage accounts can allow you to push ahead of your investments.
You need to remember that some brokers do not have your best interests deep inside, but do not despair,
as there are some predictable and reliable companies that are willing and able to provide expert services
greeting

[setan]

Nly has months of practicing demo trading and is enough for me moreover and if you have
a month trading on it then it is good for you now you have to do trading in real account without
it's actual principle you just stay in in certain experiment. along with the machine
you can easily earn real money as well while starting trading in Real Money that I realize and learn
a lot about Forex alone In the first time I did trading real accounti suffering ma
greeting

[mizan355]

I hope your given following tips helpful for us
10 Steps to forex learning & Trading !

In my humble opinion, and as I have learned forex to trade eventually ... a newbie should do the following if he is blue-eyed.

1 - Download Metatrader terminal and run it ... press F1 to open its help file and study the functions of terminal ...knowing it fully well so there is no fumbling in operating it.

2 - Use a moving average of bigger period ... for instance, a 200 EMA ... using H1 time frame and study the price action ... monitor the price behavior around above and below the moving average ... open of a candle ... what the price does when a new candle opens if it is going up ... and vice versa.

3 - Learn about fractals ... price formations ... shapes and other graphical identifications.

4 - See where you may need some assistance in entering the market and what kind of trigger there should be to help you decide ... then start checking different tools and indicators to see what serves the purpose.

5 - If you happen to decide regarding some indicators ... research and study them ... see how they impend those signals and meet those requirements that you seek and test them against the running market. (Never ever go for an indicator seeing its painted history ... it might readjust or repaint itself).

6 - Never ever try to learn the market on an over-crowded chart ... don't start too many subjects at once when learning ... it will confuse you.

7 - Now is the time to pick some filters and entry points ... your study of the price action should help you decide where your entry point should be and how do you feel comfortable entering the market. If you are comfortable with a signal showing an arrow ... prefer using it.

8 - Calculate your boasted balance against the balance of your demo account ... and maintain a trade journal ... you can write 300 instead of 3000 in your trade journal to be more realistic as to how much money you are going to trade with and calculate your profits and losses accordingly ... to have a near-to-reality picture of what a live account would look like if you were trading one.

9 - Now see ... if you are in profit how much stop loss and profit target your set of rules is providing you ... decipher out your r:r ratio and devise a way to increase it if it needs rehabilitation.

10 - Now trade for at least 6 months ... remember 6 months of demo trading does not include the time it took you in learning. You can leave rest of the half year's experience to your live trading, reality macho.

Remember one thing ... and it is frankly straight from me to the newbies ... don't spend your heads over the terms that you don't understand ... start trading demo and you will know during your demo experience what a strategy, a trade plan, a back up plan is ... you are constantly told to devise a strategy when you can't know A from B in forex and that is almost impossible for you guys ... so try doing things your own unique individual way and when you improve on your performance correcting the mistakes, eradicating the errors and rectifying them, you will have all those difficult terms understood.

[trederr]

g bilkul dear main ap ki bat se agree krta hun jo ap ne ways bataye hain yahe sahy hai forex ki proper knowledge gain krne ke liye hamesha mind fresh ho kr he trading kiya kren or order lagane se pehly market ke trend ko samjh kr he koi order lagayen

[densus88]

Need to know any information about forex trading regarding the number of years in this industry
using excellent trading income is usually a simple method of making money and also can change lives
when it is possible to survive and have excellent capacity on revenue management
regard

[KASINA]

forex start krna hai agr kisi ko to sbse phle domo account nhi open krke ye pta lgana chiye ki forex hota kya hai, forex ke bare me study krni chiye, uske baad jb aapko forex ki knowledge ho jaye tb aapko domo account use krna chiye taki aapko pta lge ki kaise trade open close krni hai or kaise tolls ka use krna hai, kaise indicator ka use krna hai.

[sardi]

This is a good decision for you to do a demo trading for six months. This will help you or prepare
you to jump into live trading with some of the experience and knowledge needed to be
a good temporary trader because this practice brings a lot of help in real time.
trading account until you can leave a demo account then a real account even if only one month in demo account
if you can get consistent profit in demo account so now you can start your real trading in forex
becarfull

[amayas]

Yep really..I think these information can help all the beginners.It is very helpful and easy to do,because you have written one by one.It will help to understand.Thank you for your kindly help.Hope your post soon...