Learning FOREX

[Chanell94 0]

I have come to invite anyone who wants a learning platform that helps you learn using modules. There are live webinars and weekly markup sessions. You'll have access to a large family of traders and signals. Let me know if you're interested by commenting on this topic. 

[CrazyCzarina 17]

From where we can get all this stuff? Is it free of there is some charge to be member of this community where every other person is trader not a broker refer.

[anthonyconstantinou 0]

Forex is related to foreign currency and exchange, which is the course of changing one currency into another currency for different reasons, generally for commerce, trading, or tourism.

[CrazyCzarina 17]

Learning Forex is very easy as we can avail all the information online. We can check out the trends of forex as well as connect to the best broker to known indepth.

[aimhi 10]

Still many of these online resources are crap i believe those selling online courses with a promise of getting rich right over the night after purchasing courses from them does not even knew how to trade and they are selling that crappy stuff. Better stay away from them and instead start forex trading with a demo account, take it as a hobby. Spend some time learning and browsing forums where we can find real traders to develop our skills by participating in forum threads.

[fxeconomist 11]

On 8/17/2019 at 6:36 AM, Chanell94 said:

I have come to invite anyone who wants a learning platform that helps you learn using modules. There are live webinars and weekly markup sessions. You'll have access to a large family of traders and signals. Let me know if you're interested by commenting on this topic. 

Agree, that's why after series of losses it slowly dawns on newbies that holding implicit faith in luck is disastrous and they have to rely on calculations and statistically sound methods. It's hard to make abnormal returns on the markets which are close to efficient. 

[CrazyCzarina 17]

Forex trading can be complex and may not be suitable for everyone. Whether forex is good for you will depend on your financial condition, goals, and how much investing experience you already have as a beginner. 

[fxeconomist 11]

9 hours ago, CrazyCzarina said:

Forex trading can be complex and may not be suitable for everyone. Whether forex is good for you will depend on your financial condition, goals, and how much investing experience you already have as a beginner. 

Yes trading currencies is much more risky than trading stocks, since they're not supported by central bank policy efforts but instead freely fluctuation in a very random fashion. Profits can create wrong impression that you learned how to trade but often it is just the product of pure luck. 

[CrazyCzarina 17]

Forex Trading is considered to be only profitable, if you have practice Forex Trading, till you have mastered the skills and knowledge to survive in the Forex Market.

[aimhi 10]

On 11/28/2021 at 11:38 PM, CrazyCzarina said:

Forex Trading is considered to be only profitable, if you have practice Forex Trading, till you have mastered the skills and knowledge to survive in the Forex Market.

For practice, a demo account worth weighted in gold because it comes with free virtual funds and the broker does not require any deposit for demo trading so when you trade these demo account and lose money you actually lose nothing but learn experience from your mistake.

[CrazyCzarina 17]

When it comes to investing, Forex trading is definitely worth considering. Currently, foreign exchange is the most liquid market in the world, with a daily turnover of more than $6.6 trillion. This is a huge increase from $5.1 trillion in 2016, proving that this niche is growing significantly.

[fxeconomist 11]

On 4/25/2022 at 7:43 AM, aimhi said:

For practice, a demo account worth weighted in gold because it comes with free virtual funds and the broker does not require any deposit for demo trading so when you trade these demo account and lose money you actually lose nothing but learn experience from your mistake.

Yeah it is great opportunity, moreover there is a risk-free opportunity to earn real money, for example Hotforex demo contest. 

[barako 10]

there is many ways to learn forex, but something thats hard to do is look for a decent mentor, maybe an influencer or other traders and start following them and listening to them, trading courses are okay, but stick to free ones, dont pay to learn coz majority of them are not worth it, practice on demo, many brokers offer free demos, as suggested above, you can do some demo contests like the ones offered by hotforex. and keep pushing forward, and it will gradually come to you

[aimhi 10]

On 12/26/2022 at 3:06 PM, fxeconomist said:

Yeah it is great opportunity, moreover there is a risk-free opportunity to earn real money, for example Hotforex demo contest. 

There are many including hotforex brokers which offer virtual to real trading contests where you can compete trading a demo to win prizes.

[barako 10]

Babypips.com: Babypips.com is a popular online resource for forex education. It offers a comprehensive beginner's guide to forex trading, as well as a variety of other educational resources, including articles, tutorials, and quizzes.

Investopedia.com: Investopedia.com is another popular website for forex education. It offers a wide range of educational resources, including articles, tutorials, and videos on a variety of forex-related topics.

DailyFX.com: DailyFX.com is a website that offers forex news and analysis, as well as educational resources for traders of all skill levels. It also offers free webinars and trading guides.

Forex School Online: Forex School Online is a website that offers free educational resources for forex traders. It includes a range of articles, tutorials, and trading strategies, as well as a free trading course for beginners.

YouTube: YouTube is a great resource for free forex education, with a wide range of educational videos and tutorials available. Some popular channels include Trading 212, Rayner Teo, and ForexSignals TV.

[aimhi 10]

We can also check our broker's online webinars portfolio as it can also be helpful in interactive learning. The webinar can either be attended live or later can be accessed on youtube.

[fxeconomist 11]

On 4/1/2023 at 12:58 PM, aimhi said:

We can also check our broker's online webinars portfolio as it can also be helpful in interactive learning. The webinar can either be attended live or later can be accessed on youtube.

Thanks for your advice will take a look at Hotforex webinars, they offer lots of educational videos. 

[aimhi 10]

I see these days almost every broker have started invested in traders' educational stuff.

[barako 10]

yes since brokers earn from volume of trades not from traders loosing, if a trader stop trading then the brokers loose profits haha thats how it works mostly in my opinion so education is key,like how fhm aside from online webinars actually conduts seminars in countries which is a good step

[aimhi 10]

The broker need winning traders and returning customers in my opinion to make profits so agreed to your point of view.