Learning to trade Forex while actively participating in a forum and interacting with other traders lets you feel a sense of growth. You can know about other traders that are roughly in the same experience level as you are and still mingle with the more experienced ones to get some tips. Doing things in a forum like Forex Factory or visiting daily posts like Investo Trend has helped many beginners progress from the newbies making rookie mistakes to seasoned traders earning a steady, predictable income from the forex market.
My 10-year forex trading journey has been an interesting one. I came across plenty of social media cons who offer training services but I tend to be very careful about these. Worse still is that they say you can learn forex in a month and start trading with a certain percentage return “guaranteed” every month. Forex trading is different from learning how to drive a car or learning how to mow the grass. Forex trading involves a lot of character, market reading skills, patience and understanding of different patterns. Even the most experienced of traders still invest a lot of time and money trying to learn something new and get a different perspective of the market. It is a process that keeps on going.
One thing we can collect from all the interactions in this forum especially is that people grasp certain concepts at different speeds. There is no beige book with a calendar giving you deadlines of when you need to have understood something. I, for example, took ages to understand what the Elliot Wave theory was all about as I had focused more on Fibonacci levels during my introduction to forex trading.
In a nutshell, training in Forex is more than a process. I am tempted to say forex trading should be a lifestyle. You will always want to know something in more detail once you try it and see the benefits. Always keep on experimenting on something new! Keep checking what other people know about it and learn the pros and cons from people with similar experience.
I keep visiting different threads on Forex Factory and lately follow Investo Trend for the daily forex training tips and those have both given me interesting views on trading strategies that I had almost given up on.
Quote: “An investment in knowledge always gives back the best return” - Benjamin Franklin.
My 10-year forex trading journey has been an interesting one. I came across plenty of social media cons who offer training services but I tend to be very careful about these. Worse still is that they say you can learn forex in a month and start trading with a certain percentage return “guaranteed” every month. Forex trading is different from learning how to drive a car or learning how to mow the grass. Forex trading involves a lot of character, market reading skills, patience and understanding of different patterns. Even the most experienced of traders still invest a lot of time and money trying to learn something new and get a different perspective of the market. It is a process that keeps on going.
One thing we can collect from all the interactions in this forum especially is that people grasp certain concepts at different speeds. There is no beige book with a calendar giving you deadlines of when you need to have understood something. I, for example, took ages to understand what the Elliot Wave theory was all about as I had focused more on Fibonacci levels during my introduction to forex trading.
In a nutshell, training in Forex is more than a process. I am tempted to say forex trading should be a lifestyle. You will always want to know something in more detail once you try it and see the benefits. Always keep on experimenting on something new! Keep checking what other people know about it and learn the pros and cons from people with similar experience.
I keep visiting different threads on Forex Factory and lately follow Investo Trend for the daily forex training tips and those have both given me interesting views on trading strategies that I had almost given up on.
Quote: “An investment in knowledge always gives back the best return” - Benjamin Franklin.