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Forex Trading Strategy For Beginner


Juliano Bastos

Feb 16 2018 11:12

Hi Juliano,
first of all, you need to learn on this site guide. Then, try an open demo account on the broker that you like. And try trading using real money. 


Daniel Robson

Feb 18 2018 07:46

Hi Juliano,
first of all, you need to learn on this site guide. Then, try an open demo account on the broker that you like. And try trading using real money. 


Max Chicote

Feb 19 2018 09:47

Same here, 'm not really a beginner, because I start to trade a few months ago.

The purpose of this post is to start a discussion about what is on the market today the best resources/courses for a newbie, both free and not-free. Any suggestion? 


Anya Watson

Feb 21 2018 12:47

To learn Forex you do not need to buy any product as there is enough Study Material on this site or another website. That's totally free. But you are after a Strategy for a beginner, and I would recommend any strategy which is based on a longer timeframe 4HR, Daily, Weekly.

Most traders lose money when they do overtrade or chase losing trade and that normally happens in IntraDay trading. Search for Fibonacci Makeover for trading once in a week system. But it's up to you, the best one is you can try and error several strategies and choose the most suit for you. 


Forex Hunter

Feb 23 2018 11:14

The most important is every beginner must practice trading firstly on a demo account. After that, you can trade lives and gain lots of money on real accounts.

For me, the next step is to learn how the pairs move. Trade pairs, not currencies - Like any relationship, you have to know both sides. Successor failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.

Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.

The next step tries to learn how the currencies can be impacted by the news. The main forex influencer is global news and events.

For example:

say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.


Daniel Robson

Feb 25 2018 12:00

@Forex Hunter, 

You have a good point, but I need to add several steps, the next thing you have to do is learning about Money Management. It refers to a set of rules that help you maximize your profits, minimize your losses, and grow your trading account.