How do we Start trading? Books or lessons?

[Bang765]

Well I’d recommend both read and pay for lessons, you’ve got to use money to make money.

 

[cm1995]

Try book and demo
Take some experience from demo, then only live acc

 

[CryptosWizard]

I would recommend:

Read this paper:
https://www.nfa.futures.org/investors/investor-resources/files/forex.pdf

Complete the course:
https://www.babypips.com/learn/forex
And read some article that attract you there are some good information there.

Spend some time on this website to read article and explanation in details about trading and finance
https://www.investopedia.com/

Follow this course on Edx:
https://www.edx.org/course/foreign-exchange-markets-concepts-instruments-risk/

At some point you should open a demo account with a Forex broker.

Install a trading platform like MT4/MT5. Test different strategies that appeal to you starting with a sum of money that would be approximately what you would invest and with the leverage that is available in your country. You can often have multiple so can label them by kind of strategy you are testing.

One you think you are ready, use only one demo account for a couple of weeks/months and act as if it was you real money ( you can't really but trade what you would with real money and learn to be consistent in your strategy no matter the situation). You may know how to make money on a demo account but you missed a big part of trading: Your Emotion. Psychology is a big part of trading, having a routine and a strategy that you stick to helps a lot.

 

[PipsKing]

I would recommend:

Read this paper:
https://www.nfa.futures.org/investors/investor-resources/files/forex.pdf

Complete the course:
https://www.babypips.com/learn/forex
And read some article that attract you there are some good information there.

Spend some time on this website to read article and explanation in details about trading and finance
https://www.investopedia.com/

Follow this course on Edx:
https://www.edx.org/course/foreign-exchange-markets-concepts-instruments-risk/

At some point you should open a demo account with a Forex broker.

Install a trading platform like MT4/MT5. Test different strategies that appeal to you starting with a sum of money that would be approximately what you would invest and with the leverage that is available in your country. You can often have multiple so can label them by kind of strategy you are testing.

One you think you are ready, use only one demo account for a couple of weeks/months and act as if it was you real money ( you can't really but trade what you would with real money and learn to be consistent in your strategy no matter the situation). You may know how to make money on a demo account but you missed a big part of trading: Your Emotion. Psychology is a big part of trading, having a routine and a strategy that you stick to helps a lot.

Well detailed. Myself I don't stop learning. Keep learning something new every single day in this market.

 

[Sherverty]

First try book and then watch somevideos. Demo will be also a critical thing to be successful in live trading. Start trading with demo and get some good experience and then start real trading.

 

[conn4000]

I would recommend:

Read this paper:
https://www.nfa.futures.org/investors/investor-resources/files/forex.pdf

Complete the course:
https://www.babypips.com/learn/forex
And read some article that attract you there are some good information there.

Spend some time on this website to read article and explanation in details about trading and finance
https://www.investopedia.com/

Follow this course on Edx:
https://www.edx.org/course/foreign-exchange-markets-concepts-instruments-risk/

At some point you should open a demo account with a Forex broker.

Install a trading platform like MT4/MT5. Test different strategies that appeal to you starting with a sum of money that would be approximately what you would invest and with the leverage that is available in your country. You can often have multiple so can label them by kind of strategy you are testing.

One you think you are ready, use only one demo account for a couple of weeks/months and act as if it was you real money ( you can't really but trade what you would with real money and learn to be consistent in your strategy no matter the situation). You may know how to make money on a demo account but you missed a big part of trading: Your Emotion. Psychology is a big part of trading, having a routine and a strategy that you stick to helps a lot.

Good advice right here

 

[cjac1027]

Well I’d recommend both read and pay for lessons, you’ve got to use money to make money.

babypips is a great first option

 

[aboboi1986]

I have trade forex for almost 10 years, and the lesson is my teacher.

 

[Sclazierin]

of course, lessons, it will take less time to learn, and it will be much better

 

[johnw]

Also try journalling your trades and analyze on a monthly basis

 

[Mikeman]

Demo trade, seek knowledge and constant improvement daily, find a community of like-minded and successful traders to associate with, stay positive and follow your intuition.

 

[benkal]

Well I’d recommend both read and pay for lessons, you’ve got to use money to make money.

Start off with acquiring the knowledge, experience & skills in the vast field of trading first. To get up to speed to what trading is all about i recommend you study the extreme basics from babypips.com then look up video tutorials on YouTube. Then join a legit community of successful traders as they will help you navigate to avoid being misled by scammers, open up a demo account to familiarize yourself with trading platforms and how to take a trade position, how to set orders such as stop loss, take profit pending orders. Depending on the level of understanding you have, if you feel confident enough you can now at this stage pay and enroll for an advanced course from a reputable forex education provider where you will be taught trading psychology, trading strategy & risk management.

 

[Gellidus]

I believe its to understand price action before chasing indicators and trading system blindly. Even too much info on Youtube will give you information overload.

 

[Sclazierin]

Start off with acquiring the knowledge, experience & skills in the vast field of trading first. To get up to speed to what trading is all about i recommend you study the extreme basics from babypips.com then look up video tutorials on YouTube. Then join a legit community of successful traders as they will help you navigate to avoid being misled by scammers, open up a demo account to familiarize yourself with trading platforms and how to take a trade position, how to set orders such as stop loss, take profit pending orders. Depending on the level of understanding you have, if you feel confident enough you can now at this stage pay and enroll for an advanced course from a reputable forex education provider where you will be taught trading psychology, trading strategy & risk management.

everything is described correctly and accurately!