I’m New To TRADING – Where Do I Start?

thunderboy

Junior member
10 0
You need to learn about every aspects of Forex, and also you need to learn about analyzing the current marketing situations.
 

NVP

Legendary member
36,454 1,823
Hi Guys,

I would like to start studying about trading. Assuming I want to be an independent trader, I want to ask what kind of trading would be good for me to start studying about? I know about options and I think concepts are interesting and I can learn them. Before spending too much time I would like to know is this a right path for an independent trader? or you think other things like futures, Forex or something else is better?

Thanks
My advice is to take your time and sample everything .......that's the only way to explore both yourself and the markets to get a decent match

It takes time to find your path in this game :smart:
 

NVP

Legendary member
36,454 1,823
This is poor advice IMO, as it implies that forex is the only market to trade and that Babypips is the best place to learn how to do it. Newbies would do well to consider all available markets - not just forex - as it's a market with many downsides. Babypips won't tell you what these are as the site has a vested interest in promoting all things forex. If you want a balanced view, you'd do much better to stay right here on T2W.
Tim.
Tim is right ....I'm a regular at Babypips as well as here......just be wary of everything in this game ........read, learn , observe and take advice.....but only you should be in the driving seat .......it's your money and your responsibility

So take everything with a pinch of salt and walk your own path :smart:

N
 

NVP

Legendary member
36,454 1,823
Firstly you need find a solid binary strategy which you can take on demo account. Then you have to test it there. And once you will trade profitable on your practise account you might consider trading on a real account, but not sooner
Binary is not the way forward for,traders who,want to make decent money in trading......unless you are an affiliate or set your own binary business up and promote it like many do at t2win !!!!

N
 

Michaelhamster

Newbie
1 0
Good to know that!

Thanks for posting this. It is always a big deal when you're starting a business to know exactly how to start. A lot things to think of, a lot of emotions involved, a lot of questions unanswered. Any way, if someone can help you to clarify doubts, then it's good to count with this advice to start the business by making the right steps.
 

sminicooper

Experienced member
1,148 326

focusonmoney

Newbie
4 0
Can someone please respond to my above question?
Futures are better to me, but you have to have a decent size account.. Forex is good because you can start with $10 dollars.. My advice to you is to learn how the market works.. It takes time but it's very rewarding.. Take a look at this guy videos below.. He explains some good stuff. Another than that, you have to just keep studying the charts.. Learn about support and resistance..

 

Signalcalc

Senior member
2,930 604
Futures are better to me, but you have to have a decent size account.. Forex is good because you can start with $10 dollars.. My advice to you is to learn how the market works.. It takes time but it's very rewarding.. Take a look at this guy videos below.. He explains some good stuff. Another than that, you have to just keep studying the charts.. Learn about support and resistance..



That'll be good weekend watching, just don't tell the wife.
 

pennye

Junior member
11 0
Can anyone recommend a good broker for an New Zealand traders. FXCM just kicked me out of my Australian account and Halifax NZ, their White Label partner, got off to a bad start by running my stop on my third trade with them.

So if anyone has any suggestions that would be mighty helpful.