For Real , About trading , But Real experience in forex its better , i ment Education is something that we need to do later
i really like the advice, thanks
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I say look online for traders that show live trades or real profits and see what their methods are and sit down and master it for yourself. I have some lessons on my YouTube channel that will hopefully help you get started as well.
These are some of the books I collected along the way.
Long-Term Secrets to Short-Term Trading: has some solid information on market structure/price action. This is my most recent purchase and I’m still working on this one. I heard ICT claims Larry Williams as one of his mentors, so I guess that makes him your mentor’s mentor, mentor .
Naked Forex: good book on pure price action, once you get past all the goofy strategy names.
Three Lines: my personal favorite because it helped me understand supply and demand even though it isn’t the main focus of the book.
Fibonacci Analysis on Forex: very insightful if you are a Fibonacci trader. I trade with Fibs and it’s more information on Fibonacci than I will ever need. I use this more as an encyclopedia for reference. It is not light reading.
Trading In The Zone: good philosophy on the psychology of trading. Mark Douglas did have his critics because he was known as a lousy trader and many of the philosophies in his book are just that, his own philosophy.
The Candlestick Trading Bible: Good beginner book on price action trading.
Stay away from YouTube unless you already know the destination channel like Smart Risk, Doyle Exchange’s Fibonacci Strategy Playlist, ICT’s YouTube Mentorship, etc. otherwise you’ll have to sift through a mountain of marketing, click bait, and teaser content with an upsell at the end just to find the rare gem.
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At first, I struggled to find trustworthy sources on forex trading. Google’s full of noise and dodgy sites, so it took ages to find good sources. But after trying a few, I found some great websites/ youtube channels that really helped me to strategize better.
The best so far to start with is Babypips school of pipsology. You can check the header and you will see the “Learn Forex” tab.
You can read more about Forex on-
- Investopedia Forex Trading
- DailyFx
You can learn by watching YouTube videos of following channels (not mine though )
- The Trading Channel
- ForexSignals
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I know people who used to train others helping them trade their accounts as training, but there’s no money in it for them unless those guys ended up managing $millions in capital, one of them wrote this, they were nice enough to give these people a $50k/yr fallback career in case they blew up, most ended up doing this and getting a job.
“At some point you will lose your way investing in the financial markets”
“The less experience you have the more often this repeats, always use a stop loss no matter what so that when you do lose your way you will not destroy your capital, this is what the markets are looking for you to do as you find your way back, it’s an expensive journey each and every time where the markets are perfected to make sure it’s as long and difficult as possible while still keeping you interested.”
Those people being trained had access to 3million words of content they wrote, it’s ridiculous how much information there was, read as many books as you can but unless your expectations are idiotically low, the markets are designed to make sure you give up your capital.
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Yep bro ill never giveup i swear never
If you’re scared, it’s probably about the amount of trading capital you have.
You’re going to lose. It’s a fact. So you have to have enough to weather the losses.
So paper trade first! Get settled. Learn some things. Watch the charts. Find a strategy.
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That’s a great perspective—losing your way is inevitable, especially early on. The emphasis on stop losses is spot on; it’s all about risk management to stay in the game. Having 3 million words of content sounds helpful but also overwhelming—information overload can mess with decision-making. Markets are brutal, and resilience is key. What do you think about the fallback career idea? It’s a safety net, but maybe it adds pressure to keep pushing for success.
i see lots of great suggestions, i might as well get me an ebook or two, learning never stops with forex, its a constant learning processes. u can always get more to learn after finishing pipsology…
The reality is that the only knowledge is from screen time.
They say it takes 10,000 hours to become an expert… Pick a simple strategy, enter per that strategy and and use good money / account management… pay attention to your stop and trade size. This is your risk management. A good entry is great, but a good trader can take a crappy entry and get the trade to break even in a pinch.
From many years of experience my “Holy Grail” is trade and risk management…Just my 2 cents
Good trading
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Absolutely. This is the best thing one should do to achieve success in trading.
There are a number of ways to get education and learn more, some ways which i follow are:-
- Best books on trading.
- Studying strategies and charts
- Learning from some educational websites.
you can easily get blogs on all these topics.
Do rg 146 course google it
Yes, absolutely! While BabyPips is an excellent starting point for Forex beginners, it’s important to diversify your learning sources to deepen your understanding of the markets. Relying solely on one platform, whether it’s BabyPips or any other, may limit your perspective and could prevent you from gaining a well-rounded view of Forex trading.
Why It’s Important to Learn from Different Sources:
- Broader Knowledge Base: Different books, podcasts, and courses offer varied approaches to Forex trading. Some may focus more on technical analysis, while others dive into fundamental analysis, market psychology, or even risk management. Learning from multiple sources allows you to gather insights from different angles.
- Deepening Understanding: A good book may present a comprehensive overview of a trading strategy or philosophy that you wouldn’t necessarily get from online resources. Podcasts, on the other hand, often feature real-life experiences, expert opinions, and actionable advice that can make complex topics more digestible.
- Keeping Up with the Market: The Forex market evolves over time, and new strategies or trends emerge. Podcasts and books are a great way to stay updated on the latest techniques, news, and trading strategies.
Here are some additional learning resources to help improve your trade efficiency:
- Books: Some excellent Forex trading books include:
- “Trading in the Zone” by Mark Douglas – This book focuses on trading psychology, a crucial aspect for maintaining discipline and consistency in trading.
- “The Little Book of Currency Trading” by Kathy Lien – A great introduction to Forex that balances both theory and practical strategies.
- “Technical Analysis of the Financial Markets” by John Murphy – For a deeper dive into technical analysis and charting.
- Podcasts:
- “The Traders Podcast” by Rob Booker – Offers interviews with experienced traders and insights into the psychological side of trading.
- “Chat With Traders” – This podcast features interviews with professional traders, discussing strategies and mindsets.
- “The Forex Podcast” by Jason Sen – Great for technical traders, focusing on Forex analysis and market trends.
Additional Resource – Exness for Educational Documents
If you want to take your learning to the next level, Exness is a fantastic resource for further education. They offer a comprehensive range of educational documents, articles, webinars, and video tutorials that can help you master various aspects of Forex trading, from basic concepts to advanced strategies. Their resources are designed to improve your trading efficiency, whether you’re just starting or already have experience.
By diversifying your learning sources and leveraging Exness’s educational content, you’ll be better equipped to handle the challenges of Forex trading and develop strategies that work for you. Keep learning, and good luck with your trading journey!
Books, youtube, free courses, website. there are so many time that you can find online. Everything is free if you know the way to get them.
Definitely, learning from multiple sources like “Trading for a Living”, “The Disciplined Trader”, and podcasts like The Trader’s Podcast or Chat With Traders will really help broaden your understanding and improve your trading.
