Why am I learning Forex?

The journey is long

nice discussion !!!!!!!

we must accept loss as well profit co ordially !!

 

Your right discussing why are we learning forex or the importance in learning forex is really a nice topic inorder to point out why is it necessary for us to learn such.

Accepting our loss and learning from our mistakes the reason of our loss is one way of learning.

Quote Originally Posted by Gad View Post

I studied forex because I intend to make this as a side income for my family

 

Yes we can really earn money from forex trading,but first as what are you doing right now we must learn forex to have a sufficient knowledge.

Quote Originally Posted by Gad View Post

I studied forex because I intend to make this as a side income for my family

 

Yes we can really earn money from forex trading,but first as what are you doing right now we must learn forex to have a sufficient knowledge.

 

studying risk management and money management. learn the forex market analysis. use a demo account as an experiment..

We have to learn forex if we want to succeed in this field of earning money.As we all know there is no shortcut in forex trading or end up lossing our money at all if we do not learn forex.It is really becoming popular yes,but the need to understand what is forex and how does it work should exist to everyone who are planning to enter the so caled forex trading.

why do we have to learn forex because forex risk very large. By learning we can gain knowledge. Without science, our trading will fail. Forex is a high risk business.

 

In every business investment that we are entering to we have to conduct an analysis and study how does it work and what is it all about and forex is no excuse with this.

I learning Forex because I want it and I am interested to do it. Additionally, I want to be a successful trader in the near future and learning it is the key to achieve this goal.

It is clear that errors will always be. But the number and consequences we can adjust. For this purpose it is necessary to do an analysis of errors and the findings are not to step on the same rake

There are many ways so that the fresher or learner can learn the forex but from my point of view the fresher or learner should learn from the experience person or from the senior person.

There are many ways so that the fresher or learner can learn the forex but from my point of view the fresher or learner should learn from the experience person or from the senior person.

 

Its true that when you learn from an experienced trader then you can learn quickly but ther are other sources like forums and websites where you can learn and can get queries answered quickly.

Forums are good place to discuss problems and queries but now a day they are also full with so many ads manager of different broker and every time you will see that they are just promoting broker in every post.

Well said fellow Princess , see girls have it worked out . That's why men are our slaves !. Forums are a rubbish place to learn anything other than how not to do it . Top traders don't share their knowledge on forums, it's a zero sum game. There's no such thing as a selfless act , its all for some form of personal gratification. If you want to learn , study charts and find your own way.

Well said fellow Princess , see girls have it worked out . That's why men are our slaves !. Forums are a rubbish place to learn anything other than how not to do it . Top traders don't share their knowledge on forums, it's a zero sum game. There's no such thing as a selfless act , its all for some form of personal gratification. If you want to learn , study charts and find your own way.

 

You are very perceptive princess. Speaking of "personal gratification",I don't mind being your slave.Please don't let your past experiences tarnish your image of men. There are still a few good men left, like GADFLY. ;)

There's no such thing as a selfless act, its all for some form of personal gratification.

 

Oh my, our princess has gotten cynical! Do not fret, someday your prince will come.

Its seems easy to join forex trading but in reality you have to learn in the beginning so that you can trade with out loosing, or to understand the market.

it does take a lot of learning to be good at Forex but also a lot of practice. I used a demo account for months before moving to a real account and it really helped

I would say that it does take a lot of practice AND a lot of learning. No point practicing if you don't know what you are doing

I would say that it does take a lot of practice AND a lot of learning. No point practicing if you don't know what you are doing

 

What type of forex education resources do you prefer?

There are loads of free resources online at the major websites. This forum is also really helpful. Just read as many threads as you can

I have a questions for professional traders. Did you lose a lot of money in the beginning of you trading? Or if you practice enough time on demo ang learn a lot, the losses may be minimal ?

It is common sense only that if we are not learning or if we haven’t learned and yet if we start trading then we are doing nothing but pure gambling, so that is seriously not how you work or really not the way how you will be performing well. I go with OctaFX broker and under them; I can operate very nicely in terms of learning since they have whole setup for it while there are several demo contests too through which we can further up the learning part.

I have a questions for professional traders. Did you lose a lot of money in the beginning of you trading? Or if you practice enough time on demo ang learn a lot, the losses may be minimal ?

 

Of course we all had evils days at the initial stages of our career. But what is important that mistakes is essential part of learning process, don't take them as you do something completely wrong, it just reveal your weak spots and allow you to work on them to avoid them in future.

Less theory and more practice.

Indeed the day as much as practice than theory, but it would be nice to understand the theory in advance so that it is easier in practice in demo account or on the account of the real

You master the basic theory, and you begin to practice a lot on a real account. And in passing every day to learn a lot of new more advanced theory, and in a few years you can call yourself an experienced trader.