tracydavison
Junior member
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I am new to trading and new to the forum. Got a lot to read through! great thread
Hey guys,
As I said before I'm new to trading and I want to learn how to trade.
I want to start from free education and by the time see how it goes for me.
I came across few websites that teach trading for free:
1. babypips.com
2. fxacademy.com
3. bulltrendexperts.com
Looks like they all ok, but bulltrendexperts have advantage because they have real 1 on 1 courses.
What do you think? should I try it?
they offer free webinars, and if I want to get free 1 on 1 course I need to open a trading account with a broker.
Sounds fair, but I'm still not sure.
What would you recommend?
Thanks
Mo
As I said before I'm new to trading and I want to learn how to trade.
I want to start from free education and by the time see how it goes for me.
I came across few websites that teach trading for free:
1. babypips.com
2. fxacademy.com
3. bulltrendexperts.com
Looks like they all ok, but bulltrendexperts have advantage because they have real 1 on 1 courses.
What do you think? should I try it?
they offer free webinars, and if I want to get free 1 on 1 course I need to open a trading account with a broker.
Sounds fair, but I'm still not sure.
What would you recommend?
Thanks
Mo
hatemypips
Established member
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Just don't pay for courses if you are complete newbie. You can be sold complete BS and you won't understand that before you don't get some experience. Try with free courses like babypips or you can also try some education webinars available at Нotforex, Excess Tickmill and many other trusted brokers.
NVP
Guest Author
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i agree with Hatemypips above .............babypips is ok for basic education but dont get lured into paying for anything .....wait until you have a few months of accrued knowledge befroe considering any paid information .....99% is not worth it
the 1% will be worth it but yuo will need to be getting specialised first to leverage that informatoin
N
the 1% will be worth it but yuo will need to be getting specialised first to leverage that informatoin
N
ARBinstruktor
Junior member
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Hi Muhhamed!
Hope I got your name right.
I am just wondering, why do you want to start a tedious and risky trader career. As you apparently have the
pre-requisites to open a swap free account.
Only the blessed have the opportunity to engage in interest arbitrage.
The interest differential USD vs CHF is 3,20% pa. Picking this yield in a USDCHF position in a conventional FX account,
and taking the opposite hedging position in a swap free account, gives you an annual gross yield of
| Final wealth gain after | ||||
| 3 years | 5 years | 7 years | ||
| 71% | for margining your accounts 2,25% each | 400% | 1360% | 4170% |
| 48% | for margining your accounts 3,33% each | 220% | 610% | 1450% |
| 32% | for margining your accounts 5,00% each | 130% | 300% | 600% |
And all of that WITHOUT MARKET RISK!!!!! No matter where the cross turns to, one account BALANCES the other, except for the accruing interest income.
About 80% of your colleagues here would be happy just to break even after 12 month.
NEVER TRUST a free education, especially when offered by a systemic opponent (just read the "Conflict of Interest" part in the T&C of your broker). And all these other courses, why should they be offered for free, if they had any intrinsic value? The minimum loss for you is the waste of time, and the foregone profits.
Instead of looking for a profitable strategy and trying to refine it afterwards, start with a profitable and proven concept and invest your efforts in maximizing your return.
My literature list:
W.F. Sharpe - Investments, a brilliant book, even considering betting markets
N. Machiavelli - Il Principe, any broker is a Prince who has to entertain and to divide his followership
Sun Tzu - The Art of War, yes trading is war
and finally the I GING, but not as a book of prophecy but as an introduction into Topology and Permutation, the parallels to chart-analysis are very entertaining
FxPipser
Junior member
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i believe best way to start is to find Economic Calendar and watch how forex Pairs Jumping during economic News . And understand that forex pair are only Fractions like EUR/USD and 2 currency figting with each other inside that mathematic Model
EUR/GBP = EUR/USD / GBP/USD for example
Log(EUR/USD+GBP/USD+EUR/GBP) = 1
EUR/GBP = EUR/USD / GBP/USD for example
Log(EUR/USD+GBP/USD+EUR/GBP) = 1
tradesinspades
Newbie
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Hey traders, for both newbies and pros my advice is this: Plan your trade and trade your plan. The best way to do this is by using algo trading, and this blog explains why. The platform the blog is on is a free automated trading platform called Capitalise that I highly recommend both because it's intuitive (all you need to know to use it is plain English, no coding involved) and because it's free. You can start by using simulation mode to see how your strategies play out and if they do well you can go ahead and implement them with real assets. Plus they have tons of technical indicators and assets to choose from.
There are many rules in Forex trading that we should know before investing in it
Firstly, it is essential that the goals of which you want to achieve are clear in your mind, then you should have to believe that the trading method you have chosen is able to achieve your goal.
Select a broker with whom you feel comfortable. Also, keep in mind that the trading platform that you provide it encourages your trading style.
Choose a methodology and after that continue the use of their application. Before entering a market as a trader, it is important to know how you will decide to execute your trade.
Create positive feedback. Positive feedback helps your trade to be the best trade according to your plan. Whenever you plan a trade and execute it well, then understand that you are on a positive feedback pattern
Keep a printed record near you. Keeping a printed record for a trader can be a better learning tool. Take the printout of the chart and make a list of all the reasons for the trade and the fundamentals of your decisions.
if you want to become a successful trader you might just find some forex tips that will help you make smarter, more profitable trades to.
Firstly, it is essential that the goals of which you want to achieve are clear in your mind, then you should have to believe that the trading method you have chosen is able to achieve your goal.
Select a broker with whom you feel comfortable. Also, keep in mind that the trading platform that you provide it encourages your trading style.
Choose a methodology and after that continue the use of their application. Before entering a market as a trader, it is important to know how you will decide to execute your trade.
Create positive feedback. Positive feedback helps your trade to be the best trade according to your plan. Whenever you plan a trade and execute it well, then understand that you are on a positive feedback pattern
Keep a printed record near you. Keeping a printed record for a trader can be a better learning tool. Take the printout of the chart and make a list of all the reasons for the trade and the fundamentals of your decisions.
if you want to become a successful trader you might just find some forex tips that will help you make smarter, more profitable trades to.
fxsvps2020
Newbie
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If you start newly then first and foremost work should be a good understanding of Forex Trading. Then need to start learning candle pattern that is 70% trading success.
hatemypips
Established member
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Have you managed to find any mentor that agreed to teach you? seems unrealistic to me.
AdamCantor
Active member
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Exactly, first step should always be to be perfect on the understanding of this market, nothing can be achieved without that.
Melodiousmelody
Member
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Yeah best and most practical way to start trading. once you get good with a demo, start trading on a real acc side by side.
SittingBear
Newbie
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There is plenty of brilliant material out there. But what many new traders seem to miss out on is to learn what mistakes are actually the most expensive and damaging.
Amongst all the really good traders I also follow this channel which is a trader who discloses all the mistakes he's made and how damaging they have been. It's like learning through someone else's mistakes which is a cheap way to learn.
www.youtube.com
Amongst all the really good traders I also follow this channel which is a trader who discloses all the mistakes he's made and how damaging they have been. It's like learning through someone else's mistakes which is a cheap way to learn.
Long Life Trading
Entertaining. Educative. Provoking. Have you ever wondered what it's like to trade for a living? Long Life Trading is the no filter infotainment trading life...
www.youtube.com
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