New To Forex

Discussion in 'Forex - Currencies Forums' started by longtermbull, Nov 30, 2016.

  1. longtermbull

    longtermbull Administrator Staff Member

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    I have been trading stocks and shares for years in the UK but Forex is not something I have ever considered, until now.

    Where can I start researching Forex trading?
     
  2. radex78

    radex78 Senior Investor

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    Might you can try to reading about forex on babypips dot com on school tab section, many trader learn from there before start in real trading
     
  3. kirtimeliwal

    kirtimeliwal Senior Investor

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    If a person is new in the forex market then first he should take deep education about the forex market, just like what is forex market, what are the factors related to this market. Terms and conditions, process and other relevant information. Demo trading is good for new traders to learn more about the market.

    stock tips
     
  4. rakhi

    rakhi Active Member

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    The Forex (Foreign Exchange) Market is the largest market in the world. It is the market where currencies are traded. Each day, more than 4 trillion dollars are exchanged.
     
  5. Phillip Mark

    Phillip Mark Senior Investor

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    Follow the advice of kirtimeliwal. Demo trading is very important. I did use Forexchief demo account before switching to their live account. It is better that way; it helps you get ready for the live conditions.
     
  6. J_C_Anderson

    J_C_Anderson Senior Investor

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    By the way, why do you decided to turn to the Forex?

    From the one point of view, it is much easier to trade Forex. There are less instruments, more information, even more special tools (for example, there are backtesting tools like Forex Tester, which have no analogies for stock markets). At the same time, it is important to keep in mind that Forex states fo OTC trading, so the execution of your trades may be extremely different from those you had in stocks. In fact, you trade against your broker, just remember about it.
     
  7. fxstreet

    fxstreet Senior Investor

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    There are so many resource online that you can consult. Since you are a beginner it is best to find a working strategy for start. I found this article "forex trading strategy for beginners" an interesting read. Have fun.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    Are there any online dummy programs where you can trade virtual currencies until you are ready to step up to the real deal? I know it is different dealing when under real pressure and buying and selling real currencies but a dummy run would be useful.
     
  9. fxstreet

    fxstreet Senior Investor

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    Just get a good broker like Forexchief and register with the demo program and start practicing there until you feel ready and well prepared to trade live. When you want to go live, get their free $100 no deposit bonus first and practice without risk.
     
    Last edited: Mar 30, 2019
  10. Sermadero

    Sermadero New Member

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    Hello guys, as many of you I started not long ago but I can say that I know much more and understand how market works. Thanks to Tradesocieties.com I can do better trades; forex education was an important step to me.
     
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