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

It’s about your comfort. You can learn from any source as per your level of understanding. Books, articles, videos, courses, podcasts, and seminars are all good to get familiar with the market.
 

Textuary

Member
The best way to learn forex trading has always been demo trading.
In the past, there was no other option for new traders. But that is no longer the case. There are now many different platforms available, with some of them even offering free demos.
 

Gorm

Well-known member
You forgot to mention cent accounts. I spent most of my training time in a ForexChief cent account. Prolonged training on demo trading can be detrimental to the trader in the future. In this case, trading on cent account is more preferable.
 

Riffraff

Active member
There are many ways to learn about forex and trading. You can read books, online blogs and watch YouTube tutorials too. You also get to learn a lot from forums like these as well. Demo trading is very much needed for practical learning. You will learn a lot more when you go live and get some exposure to the market risk as you trade with real money. Learning is an ongoing process for me as it helps in refining my skills and getting better as a trader.
 
The best way to learn forex trading is to practice. When you practice in the market, you get a taste of what it's like to be a real trader. It enables you to gain a thorough understanding of forex trading.
 

Epedaphic

Member
There are a variety of ways to learn about Forex Trading. One way is to use an online course or tutorial. Another way is to attend a trade school.
 
The most practical approach towards learning forex trading would be reading and then applying that knowledge onto a demo account by backtesting different strategies to understand the trading process. Traders need to use their own skill to move forward in the market and achieve the results they seek. Also, learn to control emotions as they are essential aspect of trading
 

Tambour

Member
I think the best way to learn about forex trading is to take an online course, and simultaneously practise on a demo account. When a beginner learns and practises at the same time, they understand the concepts better and thoroughly. Using a demo account will also help them know how to use the platform’s different features.
 

Racloir

Member
The best way to learn about forex trading is demo trading. I was reading and watching a lot of videos when I started trading forex. But once I started trading in a demo account, everything made sense. No matter what you read, trading on a real account is only profitable once you have mastered the techniques on a demo account.
 
There are a variety of ways to learn about Forex Trading. One way is to use an online course or tutorial. Another way is to attend a trade school.

Whether you do it yourself or attend a school, trading is a skill that you can’t develop without practise. Hence, implement your strategies or learnings on a demo account so that you can build a tested trading system at the end of the day.
 

Wrongous

Member
You may learn from books, videos, podcasts, blogs, and so on. There are a lot of sources to help you in the learning process. Just get ready to work hard.
 
Both theoretical and practical knowledge is equally important. The internet is the best resource for learning about forex trading. Here you can find a range of useful resources for learning new topics and improving your knowledge. You also need to practise trading on a demo account in order to enhance your skills.
 
The internet has everything for you to learn and explore about the forex market. Consider learning through books, courses, videos, or whatever you find. Learning is just the start of the game; trading with that knowledge is crucial too.
 

Idealism

Member
I do not think relying on others is a good opinion. I myself have self-studied to learn about forex trading. Waiting for a ‘mentor’ to teach you, especially if you do not know a professional trader through real life connections, can easily put a naive person in danger of online forex scammers. I have come across enough posts of newbies saying that they felt they have wasted their money, because so called ‘mentors’ they found online, they taught the basic stuff and their strategies did not work out well too.
Studying oneself can take a lot of time and hard work, but it is the most reliable method. Remember, slow and steady always wins the race.
 

SkyPhoto

Member
If you focus on getting the basics understood firmly, then the best method is to implement things practically. For that, a demo account is the best. Traders need to spend time analysing and studying market psychology if they want to move in the right direction.
 
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