What is the best way to get started in trading?

[Bart91]

Getting started with trading can be an exciting and potentially lucrative venture, but it can also be overwhelming and risky if approached without proper preparation

 

[Juanstevenson19]

Hi, here are some of the ways to start:

• Deepening your knowledge of trading, learn the basics from multiple sources out there
• Opening a demo account and practicing with it
• Learn about risk management (stop-loss orders, position sizing, etc)
• Start with a small account first
• Maybe start with major currency pairs such as EUR/USD, USD/JPY, and GBP/USD
• Try one strategy first. This can help you to master a particular area and refine your approach.

 

[Enayess]

I think the best way is to open a demo account and test out the trading platform in order to acquire an understanding of the broker.
Sometimes, traders ignore demo trading and commence with real one, but eventually they end up disappointed because it is not something they had expected.
Another approach includes theoretical base that must be examined before you choose a broker, because learning materials sometimes include information about how to choose a proper brokerage company. I'd advise to start off with this one. Just google the information about basic forex rules and how to start if your a total novice.

 

[Kelemeena]

I think that the best way to get started is not to hesitate but get started without delay. The more you hesitate the less chances to become successful you will have. You will make tons of mistakes and lose dozens of depos but maybe it will teach you effectively.