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

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

    What are the best sources to learn about Forex trading??

  • #2
    I think you should start by constructing a trading plan. First you need to find out what type of trader you are, look into things like your behavioral, emotional, and personality traits. Are you a patient person, risk averse, discipline etc.. You can determine, what types of time frames fit your personality. If you are not a patient person then longer tf's might not be for you and vice versa. Also look at different strategies and what appeals to you and fits in with your trading personality. Do not fight it, flow with it. Then demo trade the heck out of it to see if you were right in deciding what type of trder you are. The most important thing is to know there is no holy grail, work hard, make a plan and follow it. Plan your trade, trade your plan. We do not plan to fail, we fail to plan.

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    • #3
      Trading discipline is the establishment for your prosperity since it gives a lot of rules to you to pursue that will help prevent superfluous losses. I state pointless losses since you can't remove the entirety of your losses, as a trader, you should be prepared for it or else it will make you frantic. The main drivers are Fear and Greed. Fear and Greed are the two most grounded feelings felt by traders and not effectively survive.

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      • #4
        If you want to know about forex, you can create a demo account under a broker. But remember one thing broker is an important part of the trading. Good broker can give you all the ways of trading and you can easily trade with that demo account. It will help you to know about the forex market practically. When I started to trade, I also opened a demo account under Tpglobalfx. They can give opportunity to put any amount you want to invest in the market in your demo account. you can manually set the spreads and leverage in their demo account. It helped me a lot to know briefly about the forex market technically and practically.

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        • #5
          If you are new at forex market, you should know all the rules and regulations of the forex market. On the other hand, you should also know the basics of forex trading. Without knowing the rules and basics, it will be quite tough for you to trade in the forex market. As a new trader, you need to find a reliable adviser which can give you a proper guideline about forex trading. With the help of that adviser, you can learn the basics of forex trading. You can also know about the rules of the forex market. I always rely on http://atozmarkets.com. It is the best option to know about forex trading. when I was a new trader. After learning all the techniques of the forex market from them.

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