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

Jungshin

Junior member
13 0
hello guys , i am new on this forum , Hopefully more can share trading knowledge than traders who are here . nice can be here :D
 

profit838

Junior member
15 1
sorry couldnt disagree more ...........every successful Active trader has customised a system to work for them ............cloning does not work .....sure you can mirror other traders accounts .....but not the jokers on these scammy mirror sites ...........you need to pay serious money to find good traders to mirror from

N
Only an experienced trader can create a trading system for themselves. Beginners read about the need to create a system for themselves and begin to try to do it, wasting their time.

A trading method that works for one trader can work for millions of other traders.
 

Ovitany

Junior member
14 2
Welcome you to Forex world.First, you practiced with demo account.
Learn and understand Dow theory, how price movement in support/resistant, price pattern, define price zone. Read and practice it one-by-one until you feel comfortable it.
 

KhanM.Muh

Newbie
2 0
Hey guys,

As I said before I'm new to trading and I want to learn how to trade.

I want to start from free education and by the time see how it goes for me.

I came across few websites that teach trading for free:
1. babypips.com
2. fxacademy.com
3. bulltrendexperts.com

Looks like they all ok, but bulltrendexperts have advantage because they have real 1 on 1 courses.
What do you think? should I try it?
they offer free webinars, and if I want to get free 1 on 1 course I need to open a trading account with a broker.

Sounds fair, but I'm still not sure.
What would you recommend?

Thanks
Mo
 

hatemypips

Well-known member
403 25
Hey guys,

As I said before I'm new to trading and I want to learn how to trade.

I want to start from free education and by the time see how it goes for me.

I came across few websites that teach trading for free:
1. babypips.com
2. fxacademy.com
3. bulltrendexperts.com

Looks like they all ok, but bulltrendexperts have advantage because they have real 1 on 1 courses.
What do you think? should I try it?
they offer free webinars, and if I want to get free 1 on 1 course I need to open a trading account with a broker.

Sounds fair, but I'm still not sure.
What would you recommend?

Thanks
Mo
Just don't pay for courses if you are complete newbie. You can be sold complete BS and you won't understand that before you don't get some experience. Try with free courses like babypips or you can also try some education webinars available at Нotforex, Excess Tickmill and many other trusted brokers.
 

NVP

Legendary member
36,537 1,843
i agree with Hatemypips above .............babypips is ok for basic education but dont get lured into paying for anything .....wait until you have a few months of accrued knowledge befroe considering any paid information .....99% is not worth it

the 1% will be worth it but yuo will need to be getting specialised first to leverage that informatoin

N
 

walpants

Junior member
14 4
Start with the basics and have patience if you rush you will fail. Start on demo and practice and continue to learn everyday, it will take a long time but will be worth it in the end.
 

ARBinstruktor

Newbie
9 0
Hey guys,

As I said before I'm new to trading and I want to learn how to trade.

I want to start from free education and by the time see how it goes for me.

I came across few websites that teach trading for free:
1. babypips.com
2. fxacademy.com
3. bulltrendexperts.com

Looks like they all ok, but bulltrendexperts have advantage because they have real 1 on 1 courses.
What do you think? should I try it?
they offer free webinars, and if I want to get free 1 on 1 course I need to open a trading account with a broker.

Sounds fair, but I'm still not sure.
What would you recommend?

Thanks
Mo
Hi Muhhamed!

Hope I got your name right.
I am just wondering, why do you want to start a tedious and risky trader career. As you apparently have the
pre-requisites to open a swap free account.

Only the blessed have the opportunity to engage in interest arbitrage.
The interest differential USD vs CHF is 3,20% pa. Picking this yield in a USDCHF position in a conventional FX account,
and taking the opposite hedging position in a swap free account, gives you an annual gross yield of

Final wealth gain after
3 years 5 years 7 years
71% for margining your accounts 2,25% each 400% 1360% 4170%
48% for margining your accounts 3,33% each 220% 610% 1450%
32% for margining your accounts 5,00% each 130% 300% 600%

And all of that WITHOUT MARKET RISK!!!!! No matter where the cross turns to, one account BALANCES the other, except for the accruing interest income.

About 80% of your colleagues here would be happy just to break even after 12 month.

NEVER TRUST a free education, especially when offered by a systemic opponent (just read the "Conflict of Interest" part in the T&C of your broker). And all these other courses, why should they be offered for free, if they had any intrinsic value? The minimum loss for you is the waste of time, and the foregone profits.

Instead of looking for a profitable strategy and trying to refine it afterwards, start with a profitable and proven concept and invest your efforts in maximizing your return.


My literature list:
W.F. Sharpe - Investments, a brilliant book, even considering betting markets
N. Machiavelli - Il Principe, any broker is a Prince who has to entertain and to divide his followership
Sun Tzu - The Art of War, yes trading is war
and finally the I GING, but not as a book of prophecy but as an introduction into Topology and Permutation, the parallels to chart-analysis are very entertaining


 

FxPipser

Junior member
15 1
i believe best way to start is to find Economic Calendar and watch how forex Pairs Jumping during economic News . And understand that forex pair are only Fractions like EUR/USD and 2 currency figting with each other inside that mathematic Model

EUR/GBP = EUR/USD / GBP/USD for example
Log(EUR/USD+GBP/USD+EUR/GBP) = 1
 

tradesinspades

Newbie
5 0
Hey traders, for both newbies and pros my advice is this: Plan your trade and trade your plan. The best way to do this is by using algo trading, and this blog explains why. The platform the blog is on is a free automated trading platform called Capitalise that I highly recommend both because it's intuitive (all you need to know to use it is plain English, no coding involved) and because it's free. You can start by using simulation mode to see how your strategies play out and if they do well you can go ahead and implement them with real assets. Plus they have tons of technical indicators and assets to choose from.
 

manishafx

Newbie
3 0
There are many rules in Forex trading that we should know before investing in it
Firstly, it is essential that the goals of which you want to achieve are clear in your mind, then you should have to believe that the trading method you have chosen is able to achieve your goal.
Select a broker with whom you feel comfortable. Also, keep in mind that the trading platform that you provide it encourages your trading style.
Choose a methodology and after that continue the use of their application. Before entering a market as a trader, it is important to know how you will decide to execute your trade.
Create positive feedback. Positive feedback helps your trade to be the best trade according to your plan. Whenever you plan a trade and execute it well, then understand that you are on a positive feedback pattern
Keep a printed record near you. Keeping a printed record for a trader can be a better learning tool. Take the printout of the chart and make a list of all the reasons for the trade and the fundamentals of your decisions.
if you want to become a successful trader you might just find some forex tips that will help you make smarter, more profitable trades to.