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Best resources for beginners

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smdburst

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Hi.  Can someone suggest an easy guide on how to make my first trade?  I have an account FxGlory and it is funded thanks to Forexzone :).  Its probably not a good idea to use an automated system (robot) yet.  There is a lot to learn.


I have a background trading stocks but I don't use technical analysis.  I want to make in a small (safe) trade to begin to understand how to the broker works and to understand what fees I can expect. 

Thank you!



Linkback: https://www.forex.zone/forex-education/29/best-resources-for-beginners/3664/
#1 - January 13, 2022, 02:26:51 PM
« Last Edit: July 29, 2024, 01:46:08 AM by Admin »

jul hou

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Quote from: smdburst on January 13, 2022, 02:26:51 PM
.  I want to make in a small (safe) trade to begin to understand how to the broker works and to understand what fees I can expect. 

Thank you!
To start, you must be able to set a loss limit and then do a market analysis, read the trend, up or down.
#2 - January 14, 2022, 01:29:35 AM

Admin

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Quote from: smdburst on January 13, 2022, 02:26:51 PM
Hi.  Can someone suggest an easy guide on how to make my first trade? 
Will you be using mobile or desktop? MT4 works differently on both.

I suggest you create a demo account with the same broker and test with fake money. This is the best way to learn in my opinion.
#3 - January 14, 2022, 02:45:04 PM

Best resources for beginners in Forex Education_topic=585

linda lu

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Quote from: smdburst on January 13, 2022, 02:26:51 PM
Hi.  Can someone suggest an easy guide on how to make my first trade?

Thank you!
you should trade on a demo account, to learn
#4 - January 14, 2022, 06:01:50 PM

LINDA LUCILLE

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Quote from: smdburst on January 13, 2022, 02:26:51 PM
Hi.  Can someone suggest an easy guide on how to make my first trade?
it would be better to study with a mentor
#5 - January 15, 2022, 01:56:22 AM

Nike

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The important thing is to learn first, the best resource is to learn education where with that learning you will be able to feel that trading cannot be careless. There must be a right psychological approach.
#6 - January 17, 2022, 05:14:58 AM

Purindra

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For beginners make sure you practice using a demo account first by doing a demo account you will be able to analyze what your abilities are and you can test your skills using indicators or techniques there
#7 - January 21, 2022, 03:01:43 AM

Almaraz Leticia

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1. risk and reward
2. determine the direction of the market
3. determine market entry and exit
#8 - January 21, 2022, 04:29:52 AM

ERSYA

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as hard to be able to learn trading in my opinion we can use any source, which is important we choose that is suitable and comfortable with us because comfort will be able to make us more fast
#9 - February 05, 2022, 06:41:39 AM

Iqra

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resources indeed you have to be able to give something good the best resource is to learn because beginners really need a lesson
#10 - February 05, 2022, 07:28:56 AM

caripoin

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When talking about the source to learn beginners, I can recommend reading quality yag books such as Alexander Elder's book, for example, it's very good for learning materials
#11 - February 06, 2022, 10:09:44 PM

Purindra

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You can use a lot of knowledge here because indeed you are required to use useful knowledge and you can definitely use it all in a way that is still optimal.
#12 - February 06, 2022, 10:51:25 PM

Trader Hijrah

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A good source is easily understood and gives good and precise knowledge, not the long-winding and even making confusion
#13 - February 08, 2022, 07:13:08 AM

Purindra

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The first thing you have to do when you have to look for information first, then you're still here, I mean, what technique do you use, what analysis do you use and so on
#14 - February 11, 2022, 12:39:43 AM

Nike

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You can indeed practice using a demo account first, you will be able to use no assets with small capital. Because what is the name, you have to know how to do the right business to trade
#15 - February 13, 2022, 09:59:26 PM
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