Introduction to Forex Markets

[Gorm]

Of course. To learn how to trade profitably, you need to do a lot

 

[Finicky]

This post will be a great starting point for newbie traders to get fundamental knowledge about the forex market. In order to grow as a trader your foundation should be strong and that can be built only with knowledge. Thank you for sharing this as it would help many beginners taking their first step in the forex market.

 

[Thaumatology]

This is really an informative post especially for the people who are planning to start their trading career. Right knowledge and understanding about the market makes trading easy.

 

[Gorm]

Yes., in the market the main thing is not to rush anywhere. Many trade on a demo account for 1 week and go to trade on a real account and lose money. After the demo account, I switched to the ForexChief cent account, traded there for almost a year and only then switched to the standard account.

 

[TildaTilt]

The forex market is tough for beginners. It was tough for me as a newbie as well. I just want to give a word of motivation to newbies, that you have to keep trying, and don’t give up. Nothing is easy initially, but with constant practice, you will win the game. So don’t lose hope.

 

[Homostone]

One thing is guaranteed in the forex market that nothing is guaranteed. No matter which proven strategy you use, there is no guarantee that it will work 100%. Every strategy is bound to fail if it is not updated. You have to move with the market otherwise, the market won’t take any time to eliminate you.

 

[Verves]

The largest and most liquid financial market in the world is the forex market. Before beginning trading forex, newcomers must get a lot of knowledge. Learning will aid the trader in developing a sound plan.

 

[Canoodle]

The forex market is not easy to grasp for beginners, but if they persist and push themselves hard, it’s worth the effort.

 

[Gorm]

I've already said many times that it's a good idea for a beginner to learn on a cent account. Right now it's the best way to learn how to trade. You can use a ForexChief, Roboforex, or other cent account. Many companies offer the same terms on cent accounts as on standard ones. In this case, you can learn trading with minimal risks.

 

[Exclusion]

The forex market is fast-paced and volatile, so any miscalculation, or even the tiniest little mistake can result in a loss. It is thus important to keep a track of how focused, and consistent you are. Don’t blindly follow the theories of the strategies you read, apply any instinct and common knowledge you feel at a situation. Bookish knowledge will not help you in all situations.

 

[Masterate]

Excellent read. Keep posting useful stuff for beginner traders. Forex trading is highly lucrative and can be profitable if traders know how to trade the market properly.

 

[Teropus]

Good read. Thanks for sharing. This post will be very useful to beginner traders.

 

[Alexandra Preston]

Just because forex trading is highly profitable, it doesn’t mean that it will get the same results for you. You will have to work towards your goal. From obtaining the basic forex knowledge to building your strategy, you will have to work really hard to make the most of the opportunities that come your way.

 

[Aficionado]

There is a lot that every trader would have to do to stay in the forex market for the longest time. It would mean that a trader shouldn't expect anything until he is capable of taking advantage of the market movements for his benefit. Study the basic market functioning and learn to apply your strategies before it’s too late.

 

[peter9461]

the forex market is constantly changing so good traders need to learn and adapt to the market. There is no one strategy that will work all the time either.

 

[Dopper]

This is a good summary of what forex trading actually is. But there is a lot more to trading in reality. It is important that interested newbies actually sign themselves up for a course or get themselves books in order to learn about the forex market and trading in it. Trading without knowledge can lead to unavoidable losses.

 

[Abdulmajidkhs]

Nice read. Thanks for this.

Yes really nice, I also found some interesting free courses at WikiFx website, you can check that too

 

[Abdulmajidkhs]

Great post for forex beginners! Right education is the only key to a successful forex trading career.

Yes, you're right Brother, and such courses are useful. Especially when a trader follow them in Series like I saw some other free Forex courses at WikiFx website , for beginner to experienced, categorically.

 

[Abdulmajidkhs]

To get the maximum benefit from the forex market you must be willing to learn.

Of course, learning is the key, that is why I used to suggest traders to keep reading from other reliable sources and website like WikiFx website, to access Forex trading materials free

 

[peter9461]

it's also a good idea for beginner to check out free online forex course so they can start learning for free and then open a demo account to practise.