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How to start?

Discussion in 'Beginners Bootcamp' started by PatrykM, May 6, 2015.

  1. miguefox

    miguefox Highly Suspicious Person

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    before starting it would be good to familiarize yourself with the technical analysis, if you have a person who can guide you it would be really great, forex courses and very good guides you can find them in this web
     
  2. TheForexArmy

    TheForexArmy Recruit

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    Small piece of advice is go open a small live account and start trading. Nothing beats the feeling of trading real money and that teaches you a whole lot more lesson than a $10 million demo account.
     
  3. Morten

    Morten Corporal

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    The most difficult part of a project is the beginning. Before starting investing in forex, you must know the basics and fundamentals of forex trading. Invest your time in demo account trading first. They have the same environment as real life trading.
     
  4. emily_smith

    emily_smith Recruit

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    Few months back i was also facing the same problem. you are right, initially it is hard to focus on all economic events and how they affect the market but it is not impossible. choose two or three major trading pair like EUR/USD, USD/CAD or any currency pair you of your choice. Then start reading news daily about their movement, upcoming economic events etc. Along with that start learning about technical as well, there are multiple sources on internet. After few days it will not seem hard to you, you can use economic calendar for economic events like Bloomberg or forexfactory. once you start understanding things start trading on demo account. later on as per your convenience you can go live, with a small capital.
    Hope this will help you!
     
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  5. maria_taylor

    maria_taylor Recruit

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    I completely agree with you, beginning is the most challenging part of everything.
     
  6. sarah lawrence

    sarah lawrence Recruit

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    I agree. Live account is the real deal. You tend to be more careful and observant when you are trading with real money. You can have millions in your demo account but unless and until you get started with live accounts you won't learn any concrete lessons.
     
  7. Morten

    Morten Corporal

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    It is hard to take the first step in forex trading. Just remember the first step to anything is hard. The first thing you need to do is learn the basics and fundamentals before investing money in it. Always do some demo account trading for experience.
     
  8. Desacete

    Desacete Recruit

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    Before starting the trade you must have to learn about it from other trader. You also get some help from the news, websites, e.t.c. You can also get some help from demo account because demo account is same as the real account. On demo account you can not lose your money. When you think you have a knowledge and full grip on a forex market then start a real trade.
     
  9. SanioTire

    SanioTire Recruit

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    After making a mindset for trading in the forex. Make a demo account for studying the market and also to know what the forex market really is. Than after giving some precious time to the demo account you might be able to do trade in the forex market.
     
  10. CryptoatForex

    CryptoatForex Recruit

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    Agreed.
     

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