Is There Any Thread Summarizing How To Trade Forex? | Forex Factory

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Is There Any Thread Summarizing How To Trade Forex?

  • #1
  • First Post: Edited Feb 26, 2015 4:18am Feb 25, 2015 11:16pm | Edited Feb 26, 2015 4:18am
I saw James16 thread. I don't see he pointing out we should use which moving average, explained everything in depth. May I know any thread sort out everything so can read easily.

Previously, I subscribe 1 forex course about 1k USD. After trading that method for 1 year, trading setup is less and 50% winning rate. Quite dissapointing.

May I know any cheap reliable price action course available about 300$.
  • #2
  • Feb 26, 2015 1:25pm Feb 26, 2015 1:25pm
Same Question!!! Good Thread Starter!
  • #3
  • Feb 26, 2015 2:33pm Feb 26, 2015 2:33pm
Best course is autodidact, fund a small account and trade, apply concepts of support/resistance (supply/demand), momentum, divergences, fibonachi, risk/reward, etc.
Here in FF there are lots of good threads, better than any book out there. Also a good reading is babypips school.

Best luck in your trading journey.
  • #4
  • Feb 26, 2015 2:44pm Feb 26, 2015 2:44pm
Quoting GeeFOrCE
I saw James16 thread. I don't see he pointing out we should use which moving average, explained everything in depth. May I know any thread sort out everything so can read easily. Previously, I subscribe 1 forex course about 1k USD. After trading that method for 1 year, trading setup is less and 50% winning rate. Quite dissapointing. May I know any cheap reliable price action course available about 300$.
Sure, hand over the three hundred USD and I'll let you know..

Jokes aside, paying for a beginner course in forex or even a slightly advanced one is just nuts. All the info is available for free online - all you need to do is to hunt the threads down or research online. And as regards 50% winning rate, what was the downside? Just askin'
  • #5
  • Feb 26, 2015 2:59pm Feb 26, 2015 2:59pm
I think some circumstances make the situation right for paid beginner courses. Considering a person who is totally green in the market, it might prove challenging to understand what's happening by just reading and watching videos online. Nonetheless, the paid course should be able to provide a scenario where the novice trader can ask questions directly to the tutor for answers. As such, it would make a difference. But again platforms like FF provide such interactive forums where newbie traders can ask various questions.
  • #6
  • Feb 26, 2015 3:01pm Feb 26, 2015 3:01pm
Honestly, there was a great school on another forum *sorry!* that goes through the basics very well and easy. I don't want to directly say the name here as to not get in trouble, but if you have a newborn, what is the most generic name for its age, combined with the word pips, and you got it Otherwise, this is actually a better forum. Just the school there is easy to understand and presents it well.
  • #7
  • Feb 26, 2015 8:13pm Feb 26, 2015 8:13pm
Quoting Forexnuts
{quote} Sure, hand over the three hundred USD and I'll let you know.. Jokes aside, paying for a beginner course in forex or even a slightly advanced one is just nuts. All the info is available for free online - all you need to do is to hunt the threads down or research online. And as regards 50% winning rate, what was the downside? Just askin'
The risk reward management is 0.75 : 1, With 50% winning ratio, you only getting money loses as time goes by.
  • #8
  • Feb 26, 2015 10:51pm Feb 26, 2015 10:51pm
Quoting GeeFOrCE
I saw James16 thread. I don't see he pointing out we should use which moving average, explained everything in depth. May I know any thread sort out everything so can read easily. Previously, I subscribe 1 forex course about 1k USD. After trading that method for 1 year, trading setup is less and 50% winning rate. Quite dissapointing. May I know any cheap reliable price action course available about 300$.
There is no such a system, cause there is not a one profitable syste that will work for everybody. Take 10 good traders and they will use 10 different systems. The thing they will usually have in common is discipline.

Please take also note that it is possible to be very profitable with less than 50 % accuracy. But your average gain must be bigger than your average loss.

So try different -free- systems untill you find your own !
  • #9
  • Feb 27, 2015 10:25am Feb 27, 2015 10:25am
Everyone uses different strategies, everyone wins, everyone loses. I think you just have to experiment with multiple different strategies to find which one fits your specific interests the best. There's a lot of free information out there as well so don't waste your money IMO
To maximize your gains you must minimize your losses
  • #10
  • Feb 27, 2015 3:36pm Feb 27, 2015 3:36pm
Quoting JoeyTTU
Everyone uses different strategies, everyone wins, everyone loses. I think you just have to experiment with multiple different strategies to find which one fits your specific interests the best. There's a lot of free information out there as well so don't waste your money IMO
I agree, you could waste money on a trading system only for the system to screw you up. Personally,I believe that the best way to approach things is to focus on building your knowledge in Forex Trading. That way, you will be able to evolve with the markets, rather than relying on system that could give you good returns only to screw up things after a while.
  • #11
  • Feb 28, 2015 12:11am Feb 28, 2015 12:11am
Anyone got idea about Nial Fuller, Jonathan Fox or TheForexGuy courses? They use quite similar strategy pin bar. Is that reliable too?
  • #12
  • Mar 4, 2015 8:37am Mar 4, 2015 8:37am
sure there are forex information available on the internet and forums like FF. i believe there is no easy way in understanding forex. even those paid courses might not get you where you want to be. also, asking questions on forums might not also be the answer you are looking for because even though a helpful member would answer your questions once, twice, thrice and so forth, he/she won't and can't simplify all things for you. so i say, dig deeper and add more patience. we can't depend on courses alone but great ones would be of big help
  • #13
  • Mar 9, 2015 5:24pm Mar 9, 2015 5:24pm
Quoting GeeFOrCE
{quote} The risk reward management is 0.75 : 1, With 50% winning ratio, you only getting money loses as time goes by.
LOL,, yeah..and on reputable forex courses, there are dime a dozen but that does not mean that they are all good as they put out on then ad pages..
The point is this, for beginner courses, DO NOT PAY ANYTHING, the info is already available online and as for advanced courses, triple check the people behind the course and find out if it is the real deal. Remember, you cannot use the price tag of a course to determine if it is any good at all with the logic being that higher the price tag, the more reputable the course must be..believe me, it is more often the other way about. So always do the research before investing any of your money into a course..advanced ones, of course. Good luck..
  • #14
  • Mar 15, 2015 9:05am Mar 15, 2015 9:05am
Quoting davidcraigso
Honestly, there was a great school on another forum *sorry!* that goes through the basics very well and easy. I don't want to directly say the name here as to not get in trouble, but if you have a newborn, what is the most generic name for its age, combined with the word pips, and you got it Otherwise, this is actually a better forum. Just the school there is easy to understand and presents it well.
You mean www.babypips.com? What's the problem with mentioning one of the best fx educational resources. Gosh!
  • #15
  • Last Post: Mar 17, 2015 2:35pm Mar 17, 2015 2:35pm
How would you rate Forex.Com's trading school? I just came across some ratings where the course has been reviewed and seems to have a below average rating. For instance, ForexCoursesReviewed.Com rates Forex.Com's Forex course at 4/10, this compares to DailyPriceAction.Com which has a rating of 8/10 on the site. In your opinion, which course would you advise for a rookie, and do the ratings/reviews matter? Thank you and happy trading.
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