10 Steps to forex learning & Trading !

[Nabi Ahmed Gill]

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.

Hope it will clarify many confusions.

yes dear ap na kafi ahci or best post share ke ha agr newbie trader en ten step ko read kanra or es par jada sa jada learning karna too ya ak boht he ahca or best way ha good and successful trading karna ka laya acha or best trader wo he ha joo trading maine jada sa jada learning karta ha.

[ardi_anduk]

Getting in some practice on a demo account gives you experience in multiple areas. First and foremost, it allows you to see if you are any good at forex trading(if you're not, don't worry, you can get better with practice). It also allows you to see if you feel comfortable with the tools of the broker.

yes true what you said about Getting some exercise demo account gives you experience in some areas. First and foremost, it allows you to see if you are any good at forex trading what matters is the basis of this knowledge dikarekan of all levels of professional knowledge in it all stems from the basic then keep learning

[ardi_anduk]

I think I know the 10 steps to start that just as you begin to learn the use MT4 and start to learn about the indicators and the basic system and we can start with a demo account is free

it shall indeed only when we begin to study the use of MT4 and start to learn about the indicators and the basic system and we can start with a demo account is free, in order to obtain good quality and accurate trading should not be entering any market, especially if we are trading in real account

[nabila]

too retentive in learning it will pee a trio to get addle brained, my advice is to instruct spell practicing is one way to modify understanding and participate in change. and it is correct for beginners do not use too much real to acquire, realize one by one, it instrument be easier to read.

[sayidatul]

Yaap real..I opine these accumulation canimprove all the beginner.It is very helpful and gentle to do,,,because you hold engrossed one by one.It give ply to read.Impart you for your good service.Comic your stake shortly

[sana_iiml]

It is very nice presentation about forex and i hope it is very useful for me and also a newbie in forex. Every step is good for learning and trading in forex and anyone can follow this all step they will be a good trader in future And i hope it is also helpful for me. Thanks.

[hazem.hassan]

Getting in some practice on a demo account gives you experience in multiple areas. First and foremost, it allows you to see if you are any good at forex trading(if you're not, don't worry, you can get better with practice). It also allows you to see if you feel comfortable with the tools of the broker.

[lishader]

I think I know the 10 steps to start that just as you begin to learn the use MT4 and start to learn about the indicators and the basic system and we can start with a demo account is free

[fariza]

i think the fisrt step is know about meta trader when we are trading so if we know
how to do our transaction use meta trader we will easy to analyse the market and make profit.

[getrich1985]

This is a good article for people who start in this market, they should read article and follow. But it is very difficult to follow all them, so many people get loss when they start in this market. Good luck to you.