great discussion about "the best way to learn trading" if in my opinion the best way to learn trading is to use good money management, properly control risk and also a good trading plan, this is the basic foundation of a trader
in my opinion learning the best trading is direct learning to those who are already successful, observe how they trade and practice according to what they do. This will make our chances of success greater with time not too long, but depends on hard work and our intentions, whether real or not. And after that the best way to learn trading is to directly practice and do it continuously,
in certain cases is it good to learn in a virtual account? Should it not be practiced on a real account as soon as possible?
Hire a trusted and experienced trader or tutor to teach you. It's important to keep us from losing our money with reckless trading if we learn everything by ourself. It's okay to spend some money to pay for the service in exchange for easier learning and improved trading which we can do it later by ourself with our demo account. From other's help, we can get plenty of clear advice and tips straight from the trader himself.Instead of hiring someone to teach us, then for less spending we can make friends with Forex traders and slowly ask them permission to teach us about trading. Some of them may give the lessons for free while the others, probably cost you something in exchange for service but it's okay as long as it's not as big as hiring a tutor.I'm giving this 2 advice because that's the safest way to learn. Although it's also good to learn things by ourself manually, it's kinda risky and we'll definitely lose a lot of money first before getting that plenty of experience and knowledge about market.
That's right ... because they have direct experience with the marketso they automatically know the condition of a market
The best way to learn forex trading is to learn gradually, if we still beginner hence will good if we start with learn basic education forex, so many source we can reading these information, babypips is very popular site among trader to learn forex on school tab section, then practice with demo account for next step
Use demo account as its like is your real money. If you got MC back step one. Do not use real money for practise
I agree with you that experience is the best teacher. if we have not felt the atmosphere of the market real. then its very difficult to learn from market. like the impact of news etc
the demo teaches us how far we understand the existing marketif in the demo we don't know it ... how it is
The experience is gained from the frequency with which we practice and want to learn to be better. so in the process of getting that experience we will definitely get a lot of failures, and from that failure we learn and continue to improve. if this is done then our experience will continue to grow and will shape our mentality to become a winner
better we enjoy the process not to make the burden that must be done because if we enjoy the process then the results will also not be far from success when we fail also will continue to try because failure can be used as learning.
One failure in forex trading is not a reason to leaving forex, because if we give up due one failure, hence will losing all opportunity to make money through this business, forex learning required to process and how to passed all process required high patience and also hardworking because of no instant success in all business
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