Where to start

[holycow]

I'd suggest Babypips forex course. It's easy to understand and free of cost too.

With the innovations and technology updating every second we can find online resources on one single click, they could be free of cost as well but the question is are we dedicated to learn from them. Most new traders want to make money online but they do not want to learn the required skills needed and eventually they lose money blaming others for their failure cause.

 

[Juanstevenson19]

Hi Dutchy, first, you can educate yourself as much as possible from various sources such as Youtube videos, articles, or books. You can also practice with TradingView, as they allow you to view and analyze charts for a wide range of financial markets. So you can practice and experiment with different indicators.

 

[bigdolly]

Hi Dutchy, first, you can educate yourself as much as possible from various sources such as Youtube videos, articles, or books. You can also practice with TradingView, as they allow you to view and analyze charts for a wide range of financial markets. So you can practice and experiment with different indicators.

Which trading indicators can you suggest to try for a novice trader?

 

[Arafx]

Where is best to start to learn reading charts in forex?

Remember that learning to read charts takes time and practice.

 

[Chadistrading]

I suggest you to read the book "Technical Analysis of the Financial Markets" by John Murphy, also spend a lot of time on sites like tradingview and investopedia.
While you are reading the book, care about each point and line of that and try to find charts and points on tradingview as well.
Best Luck!

 

[eleanorkim]

Where is best to start to learn reading charts in forex?

Hello, my initial learning sources were YouTube channels and Babypips, particularly the Babypips Pipsology and YouTube, Trending View.

 

[Juanstevenson19]

Which trading indicators can you suggest to try for a novice trader?

There are lots of types of indicators there are trend indicators to analyze the movement of the market, mean reversion indicators, relative strength, momentum, and volume indicators. Maybe you can learn Moving Average (MA) first. It is one of the most popular and versatile indicators to use. Generally, traders use 50 and 200-day MA.

 

[bigdolly]

Hi Dutchy, first, you can educate yourself as much as possible from various sources such as Youtube videos, articles, or books. You can also practice with TradingView, as they allow you to view and analyze charts for a wide range of financial markets. So you can practice and experiment with different indicators.

You can also do that in MT4 basically lots of stuff in Tradingview is redudant, like pitchforks, gann waves etc.

 

[kabir anand]

If you're new to trading, it can be overwhelming to know where to start. A good first step is to begin educating yourself about the basics of trading and the financial markets. This might include reading books, attending webinars, or taking courses on trading strategies, risk management, and technical analysis. Once you have a basic understanding of these concepts, consider opening a demo account with a reputable broker to practice trading in a risk-free environment. This will allow you to test out your strategies and get comfortable with the mechanics of trading before you start risking real money.

 

[ishan agarwal]

Determine your goals for trading. Are you looking for long-term wealth accumulation, supplemental income, or simply learning about the financial markets? Defining your objectives will help shape your approach and guide your decisions. Many brokers offer demo accounts that allow you to practice trading with virtual money. Utilize this opportunity to familiarize yourself with the trading platform, test strategies, and gain hands-on experience without risking real capital.