How do I start

Status
Not open for further replies.
Strategy is not a start of trading this level comes after when you had some experience of trading. Star of forex trading business is from learning through different mediums and I will not say go to live account and trade their to test what you learnt . First make your self trained on demo for months where you can judge well about trading system and try different ways to handle trading.
 
Strategy is not a start of trading this level comes after when you had some experience of trading. Star of forex trading business is from learning through different mediums and I will not say go to live account and trade their to test what you learnt . First make your self trained on demo for months where you can judge well about trading system and try different ways to handle trading.
Yes that is absolutely correct. Initially we need to learn the basics rather than focusing on the strategy.
 
Just keep on learning and practicing on demo until you think you are ready to start a small account and then practice with that.
 
First start with basics, study all the basics online or you will get it on Youtube also. Read about economic indicators and try to co relate how these events affect the forex market. Do the analysis work on a daily basis.
 
How do I do I start, I am new to the forex trading and I am very willing to learn the trade and use the signals, I have been doing a lot of reading thanks to babypips.
Do you have a consistent strategy? If not, keep learning and practicing, if yes, and you have been consistent on a demo account, move to a small live micro account on 0.01 lots, trading real money however small is very different to a demo account, so you must develop the correct mindset to control your emotions in trading,
 
You need to build up your knowledge base. Start reading the forex related news and articles. Learn about the basics first. Start demo trading on a MT4 account.
 
Do not think forex is a money making machine instead of it first learn forex thoroughly and make a well defined strategy.
 
Find a broker you like the look of and practice what you’ve learnt on demo. Once getting consistent results then you could go live
 
Status
Not open for further replies.
Back
Top