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Give Me Some Advices For A Forex Beginner?

18 November 2009 192 views 2 Comments

Q:  Where is a good place (website or book) to start to learn about forex trading? With strategies appropriate for beginners included? I have a practice account. But I am getting too many sites to sift through with a general websearch to learn how to do it well.

A:  Well from my own personal beginning experience with forex, I started out finding Babypips.com like everyone else eventually does. Its excellent school just to get an idea but the key is from what I’ve learned and have been told from others is too just try things out using your demo and ASK QUESTIONS like crazy on forex forums.
Also, sample others forex trading systems that you find to just get the feel for the markets and how they react. I believe this to speed up your learning curve dramatically without having to read 1,000’s of ebooks.
Also, and I’m just suggesting this because this is what I did is to find a mentor, maybe on the forums, locally, whoever, and chat with them as much as you can and listen to their ideas. Yes, some will want to charge you but there are also a lot out there that enjoy teaching you and will not ask for a fee.
All that said, forex is very lucrative if you are smart about it. Others will tell you its dangerous investment because mostly there not making money and they won’t take the time to actually learn its aspects to be successful.But once you start reading and finding out more information on it, you will see what I am talking about

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2 Comments »

  • SGElite said:

    Registered with the local stock exchange. They do run course for beginners.

  • AMG said:

    Pro Real Time google it sign up for it…. best FREE charts available… Forex Mmmm BE VERY CAREFUL
    Always use a stop…
    Don’t be too Greedy
    Always use a stop
    Don’t run before you can walk
    Always use a stop
    and….Always use a stop
    http://www.learntrading.co.uk buy his forex CD it talks a lot of sense.

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