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Forex course

Jin27us

Member
Jan 6, 2012
72
18
8
Hey guys,

Looking into learning to trade in forex market. Any recommendation

Courses?
Books?
Strategy?

Someone suggested wrath generator but I am a little skeptical. Any feed back should be welcome
 

ooh-ya-more

Member
Aug 30, 2004
202
0
16
babypips.com is good. they have a free course called school of pipsology.

For something like $20 per month you can sign up with dailyfx. They are with FXCM a major broker. They have 4 or 5 instructors that provide several live videos each day that are then achieved for later viewing if you miss them. Each instructor looks at the current market and shows his way of trading the markets. This is great because you get different perspectives on market trading.

Wish you all the best in trading.
 

backrubman

New member
Sep 2, 2012
173
0
0
Sydney, Toronto, Puerto Plata
Hey guys,

Looking into learning to trade in forex market. Any recommendation

Courses?
Books?
Strategy?

Someone suggested wrath generator but I am a little skeptical. Any feed back should be welcome
One of the most common mistakes people make is they pick a broker that offers "free" commissions. It's far from free, rather these brokers mess around with the spread so they actually execute your order at substantially less and pocket the difference. Pick a broker like Interactive Brokers where the commissions are transparent and the spread is the real one. What the "other" brokers do really should be illegal.
 

JuanGoodman

Goldmember
Jun 29, 2019
3,289
2,048
113
I would recommend that you learn about Technical Analysis first. Develop simple trading strategy and paper trade(no money) it for a couple of months, or longer. See what works and what doesn't . Readjust your strategy and paper trade some more. Until you can show some consistent, positive results. Then

open an account and put small amont of money, maybe $2000.00 and trade with that for maybe a year. Then you will know what to do next.

Most importand is to learn money management. That is the key. Protect your capital.

Books and YouTube are your best sources to learn.

Tons of free, good lessons on YouTube.

My recommendation for a book, one and only:

"Technical Analysis of the Financial Markets, A Comprehensive Guide To Trading Methods And Applications" by John J. Murphy

Best money you will ever spend.

And for a beginner, I would consider trading stocks first.
 

VERYBADBOY

Active member
Dec 22, 2003
5,369
29
38
Back in the 6ix
Let me save you time and money ... Don't !!!

Even experienced investors and traders don't dabble in Forex unless it's to hedge or currency swap. There is an understanding of the markets and economies that your not going to get out of any one book and a mental awareness that you either have or don't. Stick to something simpler to start.

VBB
 
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