How to start? is it difficult?

LuckoftheFX

Private, 1st Class
Messages
53
Hi, everyone. I have just started reading the forex military school here in forex peace army. I have finished the second chapter, so far so good. I have no experience at all at the market i have study something entirely different from financial and economy, (computer science if it makes any difference). How hard would it be for someone with absolutely no idea to understand this kind of thing and manage to do it successfuly? Is there anyone else with no experience who manage to make money from forex? i need to get some courage because the ammount of information from this site is enormous and i am lost. The school here is the only thing that i need? By the time i finish it i will be ready to trade? (at least on a demo account) or i need to buy other books or something else?
Focus on one series of education at a time, as you said so much information is out there and can be very overwhelming
 

Kokomaster

Private, 1st Class
Messages
96
Exactly, trying too many things will create too many doubts in your mind. We only have to focus on 1 trading system and practice every day to improve entry and exit points and ultimately we will develop a system that suits our style.
 

bigdolly

Sergeant Major
Messages
968
Exactly, trying too many things will create too many doubts in your mind. We only have to focus on 1 trading system and practice every day to improve entry and exit points and ultimately we will develop a system that suits our style.
Agree we can't trading without trading system, i.e. strict rules which define entry, exits, lot size, time horizon etc. Breaking our own rules eventually leads to loss because of mistakes and uncontrolled losses.
 

carnelian

Private
Messages
200
The thing is to understand forex business, teenagers can also learn this business I think they are very sharp in this age they are very quick in learning as well as pick every point all about forex. Videos are best source of learning so everyone is able now to learn this business easily with the help of videos and learn every detail about forex trading. Now it is not much difficult for people to find right way of trading.
 

fxoday

Sergeant
Messages
249
The thing is to understand forex business, teenagers can also learn this business I think they are very sharp in this age they are very quick in learning as well as pick every point all about forex. Videos are best source of learning so everyone is able now to learn this business easily with the help of videos and learn every detail about forex trading. Now it is not much difficult for people to find right way of trading.
There are so many mentors out there on youtube, some trader like to watching the video and more easy to understand, but not all people have the same brain, which can happen learn from video is hard but since learn from reading is easier to understand
 

sebking1986

Recruit
Messages
183
There are so many mentors out there on youtube, some trader like to watching the video and more easy to understand, but not all people have the same brain, which can happen learn from video is hard but since learn from reading is easier to understand
Totally agree with this. You have to find your sweet spot for how you learn. Education and practice are essential though. I am a fan of using demo but some aren't though as they say it doesn't prepare you for the psychological battle of using your own money. Whichever route you choose, start small.
 

fxoday

Sergeant
Messages
249
Totally agree with this. You have to find your sweet spot for how you learn. Education and practice are essential though. I am a fan of using demo but some aren't though as they say it doesn't prepare you for the psychological battle of using your own money. Whichever route you choose, start small.
I think would be wise decision if start from small if already jump to real trading, and may to choose cent account for lower-risk trading, with more time experience later then will get the strongest psychology trading
 

Thoris

Corporal
Messages
119
Start is always hard, but don't worry, everyone was in your shoes. And not only in trading, but in any other business. Just think of a concrete plan of action and follow it.
 

Clay Davidson

Recruit
Messages
70
I have started with few hundreds personally and honestly and I hope everyone will do the same with me entirely and absolutely and possibly. It was like 10 years ago though so you can only imagine the whole picture now and then.
 

Faelar

Private, 1st Class
Messages
45
The forum is a really good tool, because first of all, there is a lot of useful information here. Secondly, there are people who are doing the same thing as you, respectively, can help you or support you in a difficult situation.
 
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