First steps on trading

[EURUSD]

Sometime as beginner they rush because want to making quick money through forex trading then invest money on real acccout only because they confident after reading some theory trading that seems very easy, will better for beginner practice to getting experience on demo account and learn how to manage money on uncertainty market condition, at least six month and look the result

 

[Addam]

The first step in the forex market is to learn about the market because you never became a good trader if you don't know about the market. Forex market is very difficult for those who don't know about it. You also have to make some small investment on initial stage in order to stay safe from huge loss as you can not afford it at initial stage of your career.

 

[emily_smith]

Hi all,
First step to trading is market research and market study .

I agree with you Learning is the very first step in trading.

 

[Ross Bourque]

The first step of trading is the education phase. For the naïve traders like you, various learning tools are available in the market. Without education you can win some traders but to sustain over long-term period you will obviously require adequate trading skills and acquaintances with the forex market in a better way. And demo trading accounts can help you in this regard. With the help of demos, you will receive the chances to trade artificial money as real accounts.

Thereby, as a trader you will receive some real trading experience that is not possible with the other theoretical tools like forex e-books, video tutorials, etc. But yes, theoretical aspects along with practical knowledge can help a trader to accomplish his trading education in an effective way.

 

[Ken Smith]

Hello everyone,
I'm quite new to trading, and I'd like to ask in this thread, I don't know if there are similar, but i didnt saw them, is what do you think have to be the first steps on trading?
What books and videos should I see/read in order to be able to start trading at all, what techniques may I follow that I don't have to pay and things like that.
The directions to a begginer that has no money to give away in courses.

Thanks

The first step of trading is to understand that it needs a lot of time and efforts to be skilled enough. There is no short cuts. If you can't give enough time and effort in learning just leave it. You have to go through the full learning process. Just by following some ready-made strategies, nothing going to happen.

 

[nahiyar]

There is a need of learning and practice of trading .These two are basic steps , as much one will do efforts to know forex , its analysis and planning with successful strategy he can show much good performance. Hard wok with purpose is necessary , Not do just trading in market you should understand it according to market needs.

 

[sarah lawrence]

Get your basics right. Understand technical and fundamental factors affecting the market. There are free online courses that can help you with trading basics so you don’t have to pay anything. Keep a regular watch on markets and economic and geopolitical happenings. Get a demo account and start trading on that. Read daily forex analysis.

 

[audrey collins]

The first step of trading is to understand that it needs a lot of time and efforts to be skilled enough. There is no short cuts. If you can't give enough time and effort in learning just leave it. You have to go through the full learning process. Just by following some ready-made strategies, nothing going to happen.

That's right. If someone thinks there is a shortcut through forex he is seriously mistaken. And blindly copying someone else's strategy is not a good idea. Just because it worked for them does not necessarily mean that it will also work for you .You may earn a few profits here and there but in the long term the only thing that'll help you become a successful trader is your knowledge, discipline and skills.

 

[EURUSD]

That's right. If someone thinks there is a shortcut through forex he is seriously mistaken. And blindly copying someone else's strategy is not a good idea. Just because it worked for them does not necessarily mean that it will also work for you .You may earn a few profits here and there but in the long term the only thing that'll help you become a successful trader is your knowledge, discipline and skills.

There is no shortcut on forex business, really if beginner thinking will be getting success easily hence this is will become the wrong mindset, how to start to learn trading required step by step and not rushing with high expectation, dream to become rich at short time, as beginner, they need to keep practice on demo account first, then start trading on live account with spent money that afford to lose, test on demo account until you finding profitable strategy and system trading, hence later on live account you can be implemented strategy that works for you

 

[Ken Smith]

Get your basics right. Understand technical and fundamental factors affecting the market. There are free online courses that can help you with trading basics so you don’t have to pay anything. Keep a regular watch on markets and economic and geopolitical happenings. Get a demo account and start trading on that. Read daily forex analysis.

Learning is the key to success. And practice makes us perfect. Practice means a newbie should do a lot of experiments on demo account to see what works for him. And all these need time. You have to give enough time for learning and research if you want to be a good trader.