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What's the best way to learn about Forex Trading?

skrimon

Well-known member
You need to learn from an expert who is making money trading forex.

Do you know there is a cryptocurrency website where you can get up to 20% profit on investment every 10 days? Well, instead of just sitting at home making no money during this Covid-19 situation, why can you just sit at home and let the investment website handle the business.

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I tried back in 2013 to learn how to trade forex. I spent months and months reading and trying out demo accounts.

In the end, I realized just how difficult it is to make regular money, well no actually how difficult it is to make any money.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

I was about to give up but I was 56 years old at the time and have run several businesses and done pretty well through good and bad times and am not a quitter.

So I did what I usually do when I get stuck and that is finding someone who is doing OK and making money doing what I am failing at.

There are traders making regular good money trading forex so I realized that if you could copy them you could make money as well.

Now, this is where it gets interesting because copying a successful trader is very difficult and usually results in you blowing your account.

One thing I am good at though is assembling systems using proprietary parts that take information on one end and process it and spit out results at the other end as I have a background from many years ago in systems analysis and programming.

It can be rather like assembling an automobile from bits you find in a scrapyard, bolting them together, and making a car that works after a fashion. I had a few failed attempts but by April 2014 had a workable system.

I wrote a Quora blog post on how it all works when hooked up. Space Post Ever since I have made regular money on my forex account and you can do the same if you want you can watch and learn from an expert while they make money for you.

The alternative is to bust a gut and do it all yourself and believe me it will cost you a lot of time and money. So you do not have to re-invent the wheel just get smart and copy someone who knows what they are doing.
Thanks for Reading!
 

Hev_Leo26

Active member
This is a good point, but it can also be dangerous to rely on others. Some are really only in it for themselves, they don't truly care about helping others make progress, only about taking their share of the money. It's hard to distinguish between the two.
 

Paulsy

Well-known member
While the prospect of Forex trading may initially appear appealing, the reality of forex trading differs greatly from the sales pitch you hear. Most beginners lose money as they learn the ropes of forex and find it challenging to make consistent profits. When you are about to open a forex account, educating yourself about what you are about to do can give you more confidence.

Educating yourself on forex trading will help you build a solid understanding of its mechanics, and familiarize yourself with a trading platform.
Make your Forex learning easier by checking out the wide range of Forex topics available through the AximTrade Forex course facilitated by a professional, and get equipped with the knowledge you need to be successful in the global marketplace.
 

Exclusion

Member
The best way to learn about Forex trading depends on your individual learning style and preferences.
However, I would recommend reading books and watching youtube tutorials as two of the best ways to learn about Forex trading.
 
What matters is how well you understand regardless of the source you choose. It may be books, videos, and even a mentor. The one that makes you understand the market basics has to be the best option for your learning.
 

Teropus

Member
What matters is how well you retain what you learn. It’s not just about reading about the forex market but also about how you can make use of the knowledge you obtain.
 
The best way to learn about forex trading is to read books on forex trading. There are many different books available on the subject, and each one can offer valuable insights and tips. In addition, demo trading can also help you to keep up with the latest developments in the forex market.
 
Look for sources on the internet. If you're new to the foreign exchange market, take some time to study how it works. Understanding the different active trading times, market swings, and risk management measures will help you get started on the right foot. To learn more about forex trading, you can use a variety of materials, including books and forex forums. Just keep in mind that education is essential to your success in forex trading so educate yourself consistently.
 

Sacralgia

Member
The best way to learn about forex trading is trading on a demo account. I did the same, created a demo account with fxview, started practicing in it, and then switched to the live account. Additionally, Forex courses are good. I have also taken babypips school of pipsology, but the real understanding of forex trading can only be obtained when you actually trade.
 

Cataclasm

Member
No one can tell you that certain things are a better way of learning and you should not learn from some other source. When it comes to learning as a trader, it’s more about the information that you obtain over the source of information. So, learn from wherever you can but don’t take a risk until you have practised enough.
 
There are many ways you can learn about forex trading. Youtube videos, free courses, paid courses, books, mentorship from a person you personally know trades forex, etc. The majority of us know about babypips’ school of pipsology. It’s a good course, and free too.
Mostly, if you have access to the internet, you have access to all the free stuff to learn about the basics of forex trading.
 

Bravado

Member
Don’t confine your learning to a single resource. Make use of as many books, videos, podcasts, and articles you can. More knowledge will obviously help you get through the market difficulties quite easily.
 

Scalium

Member
Everyone has a different learning capability and you better not compare your learning ability with other traders. There are books, articles, videos, and podcasts that will help you learn. So, make your choice in accordance with your requirements.
 
The best way to learn is to learn the theoretical part and imply the same on the demo simultaneously. This helps in assimilating the knowledge that lasts long.
 

peter9461

Active member
If you are looking to learn i would recommend aximdaily forex course. it’s important to remember that forex education isn’t just something you work on once then never think about again. You need to be ready to adjust to the constantly changing marketplace. Since every trade that you make will be a new opportunity to learn, AximTrade is dedicated to providing you with the best and most comprehensive Forex education possible.
 

Runcinate

Member
Stick to one source of knowledge at a time. If you are reading a book, read it until you finish it. If you are watching youtube videos, grab everything from them. And when you are practising on a demo account, practice every chapter learnt until you are confident about your skills.
 

Muricide

Member
The best way to learn about Forex trading depends on your individual learning style and preferences.
However, I would recommend reading books and watching youtube tutorials as two of the best ways to learn about Forex trading.

I totally agree! Traders can also prefer to join forex forums. Forex forums are a great place to get started because you can ask questions and get advice from experienced traders.
 

Gorm

Well-known member
Yeah. I started out on the forex forums myself once upon a time. There's a lot of really useful information on forums. Sometimes it's hard to find, but it's there.
 

Woolpack

Member
True! Every trader has a different approach toward learning based on their personality. Always Prefer practising on demo before entering the live market.
 
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