Getting started in forex

Discussion in 'Currency Trading' started by joshposh, Jul 19, 2016.

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  1. joshposh

    joshposh New Member

    I get this question form friends all the time. "Where do I go to learn how to trade the fores"? This is what I normally tell them, as I don't like to hold peoples hand when it comes time to take initiative.

    I tell them that there are two sites that you need to go to learn the basics. There's and

    Baby pips is a site that will teach you the basics and it is structured in levels like that of elementary all the way up to high school. You will start with simple explanations and then work your way up from there. Eventually you'll graduate and they will tell you to go and make a practice account with fake money where you can practice what you have just learned.

    Forex factory has a lot of reading. Every system imaginable is there for the taking, and you can converse with other traders and you can make your own system with trial and error.

    I hope this helps people out there that are planning to get in to forex. It won't make you a pro but at least you have a reference to where you can go for good info.
  2. Heatman

    Heatman New Member

    About 10 years ago, Forex happened to be a huge hit here in Nigeria. Serious advertising and mass publications was made about it for people to learn it and actually invest in. A good number of people took to the learning process and some actually did invested in the scheme. Those that really mastered trading on it became rich from it while some didn't make anything but rather lost a good amount of money on it.

    Some reviews I got about it was that it yields funds exactly the way it takes it. But one good friend of mine who invest in it told me, it's only when you get too greedy that trading in Forex would suck you up dry with nothing left.

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