Learning forex trading

K20jordan

Hi i have just got into forex i opened a paper trading account with trading 212 i have been studying various videos on youtube and diffrent stratagies but would rather a face to face lesson,is there anyone on here that can teach me the basics of forex trading somebody that has proven success.

ironclaw

Probably the best site out there: https://www.babypips.com/

You should also note that Forex is only successful for those with a strategy, and even then you're still likely to get tanked. The second you make a trade on a gut instinct or otherwise, you're gambling. Hence why you really should read every strategy and technique you can get your hands on. Then back test them. I'd recommend 'Technical Analysis A to Z' by Steven B. Acheilis to get a review of the technical side in easy to follow language. 'Evidence Based Technical Analysis' by David Aronson is also quite good but its heavy going. Both books cover fundamentals but air, as the names suggest, on the technical side.

I'd recommend against any courses or having someone teach you, as ultimately you need to be able to make these decisions on the fly, by yourself, using your own analysis and strategy. Its only by doing so that you'll really get an edge as like a casino, the majority of people wander out with less than they came in with.

Likewise, I'd trade for 6 months to a year on a demo account before even contemplating live trading.

topgolfer101

I've been trading forex for 3 years and would say I am a really good trader.
Babypips is great for the basics of understanding what forex is and how to draw on a chart, but what you will need is extensive research into 1 strategy not mutiple. Build up a ruleset of when a setup becomes invalid, and stick to those rules always. Don't forget, it is hard to lose when your risk to reward ratio is at least 1 to 3 and you can win 50% of the time.

Check out, astrofx on youtube and on instagram look up atlasforex, astrofx, seanfx17 (me), I will have no problem teaching anybody on here who wants to learn no questions asked.

It takes a couple months to learn for sure but a year or 2 on demo accounts is a bit far fetched, if you can learn seriously and dedicate your life to it it will be 3 to 4 months before you can trade yourself in terms of technical analysis, but then risk management will be a skill you need to learn

ironclaw

Do you trade full time topgolfer101? What returns would you average each month?