New To Forex and Need Advice!

First i want to say i am pribably not the best person to give trading advice but i do want to suggest you to read the book "naked forex" by alex nekritin. After reading this book trading was so much "simpler". I believe naked trading is the way to go.
I believe there is a downloadable version of the book somehwere here on the forums or just google it

Happy trading!

Thank you very mush for advicing this book! Sounds interesting, I will try it!

No problem my friend. Ive read many many many books on trading and so far this is the go to book so enjoy!

New to Forex and Need Advice:

Don't follow other newbies on FF advice.

The best advice I can give you is to quit now. There is no easy, fast money to be made here. Even with time and experience.

Hello everyone , I am new in Forex trading . I want to know from the start if even a profitable business and are the first steps that I must meet. I hope I will get most accurate suggestion from all kinds of traders especially who are more experience in Fx.

Most welcome in this Forum community. You can learn a lot of first by reading some tutorials , try to go to the pips school there is a guide for learning for the traders who are particularly beginners. And try to join a broker and open a demo account , but you will learn what you need to do in the tutorials and try to participate on this forum especially on the Forex section so you can learn more.

There are so many opinions about Forex Trading they can't be counted. Your personality plays a big role it how you trade and no two personalities are alike. I think the best thing to do is get a basic knowledge of the market in general. Then search for one or two traders who are similar to your personality and spend time learning from them. Forget about all the trading systems for now but focus on you, your personality your background and how it all relates to how you think about money.

Most Traders are willing to help. Just be careful how much time you require of them.

I very much agree. People are different, they have different needs, different approaches to trading and different strategies work for them. There's no one size fits all solution to the need to make money off forex trading.

Keep it simple

in the new run was the first forex trading should be to exercise in the run on maximizing the ability of trading. Because the forex trading business that the benefit depends on having the knowledge and trading skills possessed each trader

Hi,

I am wondering what is the best strategy to use and implement working around a 9-5 job, as well as giving me freedom of time and also a good return?

Cheers

JL

hello guys am new to forex have not actually done any trading yet still studying and learning the terminologies any advice on what i should learn and concentrate on thanks

It's a jungle in the Forex world.

Find someone to guide you a bit. Will save a lot of wasted time.

The newcomers first of all have to focus on learning process before earning. Baby pips school can be a great source to learn Forex as a newcomer which always ensures exclusive educational materials with essential terms and conditions. and don’t move a live account without practicing demo account at all.

thanks have been learning with a few college online will check out the baby pips will definitely give myself a lot of learning time before i get involve thanks

What you need to do is to develop a trading strategy that wins consistently over time,
you probably won't find them online, most of the stuff don't work at all, and the stuff that does work, nobody will sell to you for all the gold in the world,
so if you find something online, you need to test it through before trading it.
you need to backtest it and forward test it to see if it will work as planned, you must have defined rules for everything.
a filter when to trade it and when not. because the market always change it's mood from trend to sideways from volatile to slow.
there is no method that will work in all these conditions, it is up to you to see when that happens,
then you need to either stop trading or change method.

when you got all this right,
it is time to work on the psychological part of your self, and this is the hardest part to master,
it is one thing to have a winning system and a completely different thing to trade it profitably,
if you give a winning system to most people, they will still lose because they can't handle their emmotions.
I suggest you start on a micro account and learn to sweat when you see your money bleeds away.
I'm sorry but this is the only way to learn about your self and how you will react in the real market.
see it as a cost or learning cheap, demo accounts will not give you these emmotions because its fake money,
so there is no fear there, the market is all about fear and greed.

then it will take some time, if you have a strong belief in your method, it will help out,
so it got to be solid. but it could take months and even years. the key is to listen to your emmotional reactions.
and learn from them, think outside the box, learn what makes the market move,
always use a stop loss, learn money management, reward ro risk, it's very important too,
all of this takes years to learn and that is probably why so many lose in this buisiness,
they don't take the time to learn it, or they are not patiance enough., everyone wants quick money.
but there is no quick money, only hard work, if it will be worth it is up to you.
but you should be prepared to blow a few accounts on the way...
so stay micro until you got it.. good luck

thanks this is really helpful am just going to keep studying the trends n flow for now and when i feel like have understood it properly before i get money involved this was really nice thanks

Sir, can anyone help me to explain the trades.
1. For instance, trade USDCAD, sell 1.3476-->1.3479 lot size 1000 per pip, it only lost 3 pips why the lost show 2 225 684.40 not 3000 ?
2. Why is that USDCAD pair have the "v" at the end? What is mean?
3. can data in MT4 manipulated or fake ?

please help