Best way to learn about Forex trading?

[johnjeffrey112]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

[1714846626]

1714846626

[1714846626]

1714846626

[1714846626]

1714846626

[MURONDI]

actually crypto trading on the exchange and forex trading on the broker are not the same, You can learn to read it in books, the internet, or watch video tutorials, on the internet there are lots of articles about trading, You can learn about the basics, or learn about technical or fundamental analysis, if you learn to trade in this forum especially if you have no experience at all you will have difficulty learning, because actually this forum is not a special forum for trading.

[Coin_trader]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

Buy courses about forex trading in Udemy. It's sale for new account and best way to discover Forex Trading. It's not bad to read books but it will just consume too much by reading every
single detail written there.  In Udemy online courses, Professional traders will guide you efficiently on the basic of forex, Some courses offers also advance trading guide so definitely
a good source of knowledge for beginners rather than research it for yourself through books and other learning materials.

[crwth]

I have traded multiple cryptocurrency exchanges but not yet forex, but in principle, it's just the same. In terms of trading like the different strategies, it could be used in both markets, and there are differences in the trading pairs. There are multiple pros and cons to it.

Forex

• It's more stable
• Highly Regulated
• Funds are protected

Crypto Trading

• Higher possible returns because it's more volatile
• Less protected (possible hacks)

These lists are just from the top of my head, but you could learn by using different trading tools. There are a lot of videos on YouTube that could help you with that too.

You could check this link out - https://www.youtube.com/watch?v=z7538iNe2Pw

[CryptopreneurBrainboss]

I heard about imarketslive but i dont know much about it please how can i learn more?

I won't recommend you patronizing that site since it's more of a MLM company and can get you distracted from your Initial intention. The mouth watering bonuses associated with the MLM part of the company might make you lose interest in forex totally to concentrate on been a passive income earner since irrespective of your trade outcome you still pay subscription fees but as a MLM customer you won't have to pay that subscription fee considering you have atleast two active downlines (referrals).

The forex market is a very complex market and would require additional attention considering if you're totally new to the concept. I'll recommend you take physical classes that has nothing do with you promoting their platform and most importantly participate fully via trading, understanding the market by been able to read charts to predict market movement and not depend on recieving just trade signals or getting your account managed by professionals.

[arimamib]

the trading technique is not much different, because initially I learned trading techniques from forex books.
but in the crypto exchange it will indeed be more difficult than forex, and I personally prefer to trade in the crypto exchange only.

[Question123]

If you want to learn about how to earn in forex trading just try to search it on the youtube because if you reading the information you can learn but not the actual happen in the trading. Many ways for you to learn but videos is really helpful to you and I believe if you do that you can understand it easily. Or you can get help to the forex trader who earn more money.

Forex trading is not for me it is risky I think so I choose be here in crypto trading instead of that. 

[Darooghe]

I have self taught myself to trade Forex. Books are what I would recommend. start from the basics, Currency trading for dummies, then work towards your style of trading. study charts. Draw lines. Don't jump the gun with a $2,000 account, do a month on demo to refresh your self with everything, and start building a strategy, back-testing and everything then move on to small Live till you get consistent, about 3-6 months depending on the strategy and then up the account size.

[Strongkored]

Many suggest you to search and watch Youtube video from expert, but join the community can make you easy to learning, and do a meet up with them and ask many question you want that will make you faster to understand forex trade, of course you need find true community with same language with you, what I mean with true community is people who's not charge you to join their community.

[wozzek23]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

If you want to start with the forex markets than I would prefer you to contact any of the forex broker and follow his signals for first few initial days until you get to know the basics of the forex markets. Brokers might charge you some fees but you would not have much risk over there being with a broker because that individual will guide you from top to bottom of the forex trading markets.

Moreover, I am not sure if we have any such forex traders here as most of the people related here are linked to decentralized cryptocurrency trading which is not similar to forex trading markets. You can find some stocks to invest for a long time considering the demand for the firm behind the stock like Tesla, Microsoft, etc which might give you good profits but yet, you need to find a entry price for those stocks which you could be guided by a broker.

[Shimmiry]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

Better read this article that I've found helpful even back then.

https://www.investopedia.com/articles/forex/11/why-trade-forex.asp

Do not engage early on Forex Trading without learning its market first and understanding every important keypoints to remember when trading. Better make your February first in studying what you market you want to enter (i.e. you want Forex). Then try investing atleast a dollar or try trading simulation if you really have learned that enough in a month. Then, experience would be the best way to make you learn afterwards.

[nelson4lov]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

Hello, to get started on forex, you first need to learn and have at least a basic foundation in forex trading. On that note, I would suggest you take the classes on Babypips.com | Their educational content on Forex trading standouts and core concepts are really explained and simplified.

To get started, visit: https://www.babypips.com/learn/forex

I would suggest you don't skip parts. Its true the forex market is similar to that of crypto market but forex has its own unique concepts likewise crypto. So you should take out time to properly learn those core concepts if you want to succeed. Don't forget that no pro trader was born with the skill of trading. Even Warren Buffet had to learn at some points.

[Chrystora123]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

my advice.. look for someone who is really already very professional in trading, then ask to be taught by that person, if the person is asking for payment then just obey his wishes, rather than you joining a paid group that is not necessarily profitable or being at a broker who takes half of the profit you can get. IMO, This is the fastest and best way for you to master trading skills.

[Gozie51]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

my advice.. look for someone who is really already very professional in trading, then ask to be taught by that person, if the person is asking for payment then just obey his wishes, rather than you joining a paid group that is not necessarily profitable or being at a broker who takes half of the profit you can get. IMO, This is the fastest and best way for you to master trading skills.

I support this too. Direct personal learning will help you faster than paid group that will only give signal to trade.
Then, you can read babypips.com it will help.
Remember to do practice trading before you start with real money.

[iv4n]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

I wonder how you got the idea to come here on crypto related forum and ask questions about forex and how to learn more about that?
To me forex trading is not so interesting, crypto trading on other side is amazing, with daily fluctuations, jumping and dropping for more than 50% in short period of time you can make huge profit with not so big amount of money, or to lose what you have!

[Oceat]

Forex trading is not easy and most people fail with high value. You can learn by join some trading group or trading courses, as newbie have teacher and sharing partner is really important. Tips from me, trading is about how to grow up your capital not about profit. If you only see profit that's how you fail.

I've never tried trading in forex but they say that if you have less knowledge about it you will probably gonna burn your capital in just a short amount of time. Of course, it is understandable because I don't know anything about of forex trading, so they were right that if you don't understand your investment then don't risk of investing or even try it. Although I found the similarities of trading in cryptocurrencies and forex though I don't quite understand about it yet.

[dunfida]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

First question on where to learn basics on doing forex trading.? Go on babypips.com and finish all courses.

Next, is this a simple advertisement about IML? If not then try to look to this scammy thing
https://www.youtube.com/watch?v=GCo-aWXkePs
https://www.youtube.com/watch?v=80KByhcMJR8

[South Park]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

Forex trading is no different than any other form of trading, do you know anything about trading? If the answer is no then find a few good books about the subject and then practice your skills with a demo account and see how you perform after some months of practice, if you did not made any money then you should keep studying because trading with real money is going to be way harder than trading your demo account since the pressure you are going to suffer by risking real money is something that cannot be described with words and you will need to experience it by yourself.

[nelson4lov]

Forex trading is not easy and most people fail with high value. You can learn by join some trading group or trading courses, as newbie have teacher and sharing partner is really important. Tips from me, trading is about how to grow up your capital not about profit. If you only see profit that's how you fail.

Seconded. It's no longer a new thing that nothing good comes easy in life. The same applies to trading in the forex markets. The first step is to actually learn what the forex market is and how it works. I don't suggest worrying about capital, profits etc when one is just starting out. The secret most successful traders won't tell you is that they spent a lot of private time studying forex markets. And when one has learnt to the point that they know what they're doing, then they can go ahead to start testing out trading with a small position account or they can demo trade.

[harizen]

i have no clue about forex but i really want to learn about it please where can i start? i heard about imarketslive but i dont know much about it please how can i learn more?

You know the nature of this forum right? Therefore, might be inappropriate to seek some detailed information here about Forex trading.

There are general forums wherein the main forte' is discussing anything about Forex.

Might want to check these out:*

https://www.forexfactory.com/forum.php
https://forums.babypips.com/
https://www.earnforex.com/forum/

*I have checked these sites and they are safe. Head to their beginner section for easy navigation for newbies. As always, be vigilant on the internet and don't entertain any private messages if it involves depositing money.