Forex Forum @ ForexAbode
This forum is for Forex education and learning the ropes of trading.
5 posts • Page 1 of 1
Some crisp and simple ways to learn about forex trading? There are vast resources available and Google can always help a question like this but what I wish to know is some simple and good resources to learn about the basic concepts to start with.
I have come some learning resorces with vast resources and which may need many days or month of study but I wish to catch the basic ropes and important points in a faster way.
Learn about forex trading:
How to learn forex trading? A very common question and a good question but before we go about it, why we wish to explore forex trading? Simple, to earn money. Not a bad one but another answer could be to make money quick. Well, this certainly a bas answer. Nothing quick makes us rich and keep us that way. Forex trading is a business and needs to be taken that way.
Some logical steps are:
1) what is forex and some important terminology. You may please check Forex trading overview.
2) What are the decision making tools for decision making:
a) Concepts of fundamental analysis. You may please check Forex fundamental analysis.
b) Learning the concepts of technical analysis. You may please check Forex technical analysis.
c) Learning about chart patterns and common trading tools like pivot points, currency correlations etc. You may please check Forex pivot points and currency correlation.
d) Learning the psychological aspects which may prove to be more important than any analysis. Please check trading psychology and discipline.
e) And above all be here and discuss
I've written a couple of posts which should help you out:
"He who understands nothing is worthless." ~ Paracelsus
Welcome to the Jungle of Forex Trading
Simply put, it aint easy to navigate the way out of the initial mess that everyone goes through....however, at time if you get lucky and when you have the right advice you can march ahead in the right direction pretty quickly.
1. For fundamentals, I suggest you go to babypips.com (great place to start learning the basics)
2. For trading software / indicator, I suggest you to go to www.profitableforexstrategy.com (Offers one year money back to all serious traders)
3. For trading psychology, better read "Trading in the Zone" by Mark Douglas.
I have given you the best possible advice...Hope it helps.
Wish you luck
Learning about trading will become easy if you are really interested in it. Due to overwhelming there are many companies claiming to be the best. But always keep your eyes open and listen to your instinct.
5 posts • Page 1 of 1
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