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  • mlawson71
    replied
    I think that it's a good idea to initially trade on a demo account, rather than start right away on a live account, even if you risk small sums.

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  • Nikolay Groznuy
    replied
    read the literature and start trading on a real account in small amounts. First time trade for the sake of experience, do not rush for big money!

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  • forextraderrr
    replied
    Learn forex trading that's how you start. Good resource is from babypips.

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  • mlawson71
    replied
    I think that one of the first things a trader should learn is how to calculate and manage their risk when trading [/url], because no matter what your trading strategy is, it is bound to run in a series of losing trades. If you do not control your exposure during them, you may end up with serious losses.
    https://www.forexbrokerz.com/news/forex-risk-management
    Last edited by mlawson71; 08-04-2017, 11:57 AM.

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  • Mike O
    replied
    Originally posted by mozekona View Post
    I just would like something more than just a "start-information"
    http://www.forexyestrading.com/ is expensive and it seems that they only teach you a few patterns without explaining the reality behind the patterns. It seems shallow and over priced to me. Most trading courses only teach the basics about technical analysis copied from the classic books on the subject, such as this one and trading psychology copied from this. Save yourself $1400 and just buy those two books.

    Al Brooks course is the most comprehensive that I have seen for learning price action. He explains price action in terms of the game that is being played between bulls and bears, always keeping in mind what both sides are possibly thinking (the "metagame"). His videos are longer than 36 hours in total, and his 3 books contain more than 1 million words. In the Wikipedia page on the subject most of the references are to his work. That course is more than just a 'start-information".

    I've read good things about Bob Volman who is also a price action expert, but haven't read his books yet.

    There are some excellent book recommendations on this page, particularly those on Trading Psychology.

    Most of the work of learning will be your own study of real time and historical charts and your own practice with trading - not reading books or forums, or watching videos.

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  • mozekona
    replied
    Thank you for your answer.
    We begin intensively. I read a book one of these Trading for Dummies by Lita Epstein. What other books are good?
    https://brookstradingcourse.com/ I browsed this course is really great for anyone who starts. Very often I use it. Only there is probably free webinars? http://yourtradingcoach.com/ very little information they have on the site, unfortunately I need a lot of information, in addition to a course on time. In the course as I do not odpisalicie on this post, I looked for some courses. Most of them are similar. For example, such a course http://www.forexyestrading.com/ on the side there is a lot of info, very interesting. I would like you to just cast also such courses, so I can compare it I just would like something more than just a "start-information"

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  • Mike O
    replied
    Learn the basics at http://www.babypips.com/

    There are two broad categories of traders. Discretionary and mechanical. Mechanical traders follow objective rules, like computer programs. Discretionary traders are comfortable with subjectivity in their decisions.

    Both have pros and cons. If you want to become a discretionary trader, I recommend these two courses which are very complementary:

    https://brookstradingcourse.com/ (the best)
    http://yourtradingcoach.com/

    Both emphasize trading without indicators. Clean charts, trading price action.
    Al Brooks work is comprehensive. He shows you how to make money in any market conditions. The guy who owns YourTradingCoach is a student of Al Brooks. His course provides well defined setups and is probably the best example of how to construct a detailed trading plan (if you like to follow detailed plans).

    Finally, no matter who you learn from, don't underestimate the amount of work required before you have any chance of trading consistently profitably. You will need to study a lot of charts and practice trading with small amounts for possibly several years, although some have achieved it within 1 year.
    Last edited by Mike O; 02-23-2017, 01:32 AM.

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  • RobertWilson
    replied
    I'd recommend babypips school, it helped me a lot when I first started and it's free. And looooooots of DEMO trading is a must!

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  • mozekona
    started a topic How to start ?

    How to start ?

    Hi ! I need some courses , because I'm beginner in Forex . Can anyone recommend me could use some good Forex courses ? ?
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