Is there any short cut way to learn forex trading?

[Whited35 15285]

In Forex trading, we need skilled based trading strategies. You might explore to learn so many essential things for Forex trading before diving into this field. See if you can find some online tutorials on Edx or Udemy. Do not prefer untrusted sites as your source of information and at last, believe in stepwise progress and experience based skills. 

Edited July 16, 2020 by Whited35

[BTC Future 3946]

I guess that the OP is asking if it is possible to learn the basics from a tutorial without blindly investing. I wouldn't recommend trading with just knowing the basics though. There are quite a few traders doing that and they end losing in the long run.

For example in crypto, I make certain bets when I observe a change of the trend, but I can't be always positive on this. Yet after years of watching the charts I've found some similar patterns occuring and along with certain averages I make a few trades. Forex is different as it has to do with day-trading instead of trading swings.

[adidas21rus 37]

As already mentioned, in order to start playing Forex, you do not need an economic education. However, a novice who knows absolutely nothing about the currency market is doomed to failure. Therefore, before you start playing Forex, you need to figure out what's what. There are several ways to do this:

 

Read special literature . Many books have been published on how to get started in the Forex market. Many of them are written by practitioners — successful traders who once, like you, started from scratch. In addition, there are many articles and blogs on the Internet dedicated to Forex trading for beginners. This will give you a General idea of how the international currency market works, what analysis and strategies are, how much to start trading on the Forex market, and how to increase your chances of success;

Аttend several seminars and master classes . Seminars are regularly held in any major city. Very often, brokerage companies themselves organize such training meetings with successful traders and analysts — participation in them is often free. If for some reason you can't get training at such a seminar, it doesn't matter, the same brokerage companies conduct webinars-online seminars, the effectiveness of which is no lower;

Оpen a demo account . Both of the above methods of learning to play Forex will give you a good theoretical base, but you will need practical skills to succeed. A demo account, like a regular trading account, can be opened through a brokerage company. As a rule, the opening service is absolutely free. This account is absolutely no different from the real one: you also trade currencies, monitor the market, make deals, earn or lose money. The only difference is that this money is virtual, meaning you won't earn any real money, but even if you fail, you won't lose anything. A demo account is something like a trading simulator, although there are no artificially created situations, everything is real. It allows you to fill your hand, get acquainted with all the features of the program for trading on the Forex market, learn to navigate the real currency market, and try out trading strategies. In addition, you can use a demo account to earn start-up capital. Large brokers regularly hold contests on demo accounts — the winner who earned the most money gets real funds that are transferred to a real trading account.

Determine the goal of the game

 

To know where to go, you need to know where you want to go. To succeed in the Forex market, you need to know exactly what you want to get. Do you want to take a risk and make a profit in the shortest possible time, or do you prefer a stable small income, but without the risk of losing a significant amount? Looking for a long-term investment? Forex is not a casino, there is no place for emotions, the key to success is not luck, but cold — blooded adherence to the system.

[J7torresperez 59]

Forex need a daily learn because the crypto market change to much forex trading is not easy 

[klalvit 18]

I think that there is no easy way in trading, it is hard work that requires a lot of time in order to understand everything and learn how to make money on it

[majeron 88]

It is not right to learn such issues in short ways. It is necessary to get as good an education as possible. You can watch online course videos. You can get support from professionals doing this job.
 

[Bonum 20]

Прежде чем торговать на форексе,следует изучить рынок,нужно иметь представление в какую сферу вы направляетесь,лучше всего быть подготовленным и прочитать некоторые книги.Например:Как начать зарабатывать на криптовалюте?

[Clargee 35]

As the saying goes there is no short cut to heaven,  forex is more dangerous than crypto because forex has margin and minimum deposit. Stay focus and use your money wisely.

[Jafars6953 46]

On 12/24/2019 at 4:59 PM, Frozen Kingdom said:

I love crypto related news,forum and any kind of crypto related articles. Since my online journey I want to learn about forex trading. So is there any easy and shortcut way to learn forex trading quickly.

there is no shortcut way to learn forex trading because it's a wide largest market in the world and it has so many features and also so many tools and ways to learn it so the minimum time to leaarn forex is about 6 months. you should minimum spend these months to learn forex trading otherwise you'll fail.

[Jafars6953 46]

3 hours ago, karl_zw said:

I recommend watching some videos on YouTube and practice a lot

not youtube you should take some live classes from an expert trader or a n experienced mentor the you'll be able to learn forex otherwise you waste you time by watching videos on youtube because youtube videos are just only basic tutorials not advanced techniques so kindly take a lesson from an expert teacher

[luxorif 96]

You can pick any learning technique you need however I'm worried there's no alternate route way. In forex you can get benefit from two course ( purchase and sell ). Forex is more hazardous than crypto in light of the fact that forex has edge and least store ( now and then in high worth ), crypto doesn't have that. Stay center, overlook popular sentiment and utilize your cash admirably.

[dchaser 575]

no there is no shortcut to learn forex trading it need time and patience If you are just starting, then you have a lot to learn. For instance, you need to grasp all the intricacies of subjects such as technical and fundamental analysis, trading strategies, Forex jargon, money and risk management, etc. You also need to find methods that can enhance your mindset and improve your trading psychology

[AhHmedDD2214 29]

Before you begin exchanging the money related market, you should respond to a couple of inquiries. For what reason would you like to exchange? What are you arranged to chance and are set up to chance by any means? What amount would you like to procure? How long would you say you will spend on exchanging? How long and cash would you be able to spend on preparing? Thus, you have to ask yourself these inquiries and answer them. 

Characterize the sort of market you need to exchange. Your answers from the above section should support you. 

For instance, you need to exchange since: it is esteemed, you can make huge benefits, you are searching for a pastime that will make additional money notwithstanding delight. You need to acquire cash: the more, the better, you have a little beginning up capital, however you need to increase it, you need to hold your capital in an unfamiliar money in light of the fact that your neighborhood cash isn't steady (rather eager purposes for exchanging, yet I'm certain that 90% of fledgling brokers think that way). 

What are you arranged to chance? You are not prepared to chance by any means (you need to pick up cash, not to lose!). In any case, hazard is all over the place, in this way, you should chance something. I accept your beginning up capital isn't huge, so in the event that you hazard a piece of it, for instance, 30%, it won't be a catastrophe, and you'll at any rate increase some insight. How long would you say you will spend on exchanging? For instance, you can manage the cost of a few hours out of every day; on the off chance that it produces a consistent salary, you can invest some more energy. 

How long and cash would you say you will spend on contemplating? Obviously, you'd prefer to do it in one day for nothing. However, you realize that it is incomprehensible, so you should go through a few. 

Indeed, I think a month is sufficient for you to comprehend in the case of exchanging is reasonable for you at all or not. You ought not accepting costly courses, yet you have to learn forex exchanging essentials. You can continue for a forex instructional class with your intermediary, as I composed previously. Thus, you have discovered every one of our motivations and desire. As of now, the unfamiliar trade market is an all inclusive case of the above depiction. Thus, you will exchange the money market, or forex. 

Locate a merchant and exchanging stage. I won't go into an excessive number of subtleties, as there is an article that manages this point, you can peruse it here. It clarifies in plain terms how to pick a dependable intermediary. Along these lines, assume you have chosen it. I'll just include that you ought to pick the agent that gives a more extensive scope of exchanging instruments. 

Study the fundamentals of forex exchanging general and the highlights of exchanging instruments gave by your agent. Now you can utilize a course gave by your merchant, video exercises or web based preparing. You don't have to go excessively far. Comprehend the standards of forex valuing, highlights of exchanging instruments and what decides their value swings. Obviously comprehend the fundamental terms: spread, parcel, influence, trade, commission, pips/focuses, pattern, exchange, request, short, long, quote. It's sufficient. 

Open an exchanging account with a specialist. I don't demand, yet I prescribe my understudies to open immediately a genuine record like ECN, instead of a demo account. Why? Exchanging is cash, cash is a need or a need, and any need consistently causes mental pressure and mental pressure. 90% of brokers take an inappropriate exchanging choices since they can't adapt to their feelings: voracity, dread, inordinate fervor ... 

On the off chance that you begin exchanging on a demo account with virtual cash you won't feel any pressure and won't be ready for it. It resembles on the off chance that you are instructed to swim in an elastic pontoon in a little lake and afterward, they state you have mastered everything and send you to the sea in almost the same situation. 

That is the reason each and every individual who changes from a demo record to a live exchanging account begin getting misfortunes and can't see the explanation. It appears to be that you enter exchanges as indicated by similar guidelines, yet the outcome is unique. That is a result of human feelings. Along these lines, I won't expound a lot on this, you would do well to disregard a demo account at all and study on a live exchanging account. 

Decide the measure of cash you will prepare with and proceed! You have learned hypothesis, presently, the time has come to perceive how it functions by and by. Enter exchanges of least size and perceive how the market carries on and how the technique functions. 

Simply exchange and increase the recorded information. At the point when the period that you designated for preparing closes, break down the outcome. On the off chance that you have made a benefit or if nothing else held the underlying store, you have an ability notwithstanding your will. Along these lines, you have all the chances, concentrate further, go to an uncommon exchanging school and exchanging can turn into a wellspring of significant salary for you. In the event that the outcome is negative, you have to discover what the issue is. On the off chance that the issue is specialized, you were doing everything accurately except there is no outcome, you can go to experts, they will clarify what the explanation is. You may simply need to address your exchanging methodology. 

Also, on the off chance that you have endured misfortunes and you are truly vexed; if exchanging causes only dissatisfaction, this is likely not the business you are well-suited to and you should discover another wellspring of salary.

[IvannQuintana 25]

The answer to your question is NO. Don’t want to learn in 1 or 2 months, it’s a long way to go with many mistakes and lessons. Luck!

[CarlosGM 341]

Si desea tener éxito en el mercado Forex, no puede haber atajos y cosas fáciles, debe esforzarse por aprender a operar.

[luthfi_2a 110]

I would just like to also say that don’t take mine or anyone else’s advice here as formal financial advice. We are all just speaking from experience and telling you what you’ve learnt. You should use the strategy that suits you best. Everyone’s temperament is different after all and something that suits me might not necessarily suit you too.

[edwinsanta 28]

Not to learn how to perform forex, the main thing is education, in addition to being supremely convinced that the goal will never fail, that is, having a positive mentality, it is also super important to read current news because they influence the forex market or of cryptocurrencies.

[riccp 40]

I have just been thinking about starting a trading course, well, I have had it in mind for a long time but I have not started yet, can someone recommend a good course? books, tools ... Your experience as a trader, what time on average it takes to trade professionally ... All those things

[jhonnatan757 11]

We always have to bear in mind that not everything that glitters is gold and everything that is easily obtained easily goes away, once you have said this many times we look for the easiest and fastest way. Why? Because that's how human beings are and but these generations, that's why people take advantage by selling you smoke and promising you the universe and once you fall for their tricks they get away with it and you lose your money, for that reason you have to invest all the time and money you can to educate yourself as much as you can

[Predator 94]

Watch a video for example on YouTube and learn one strategy, this will be the fastest way, and try this strategy on a demo accountThen study the next strategy and study together the indicators they are very helpful in trading

[Randall80 147]

There are academies where they teach you about Forex from the most basic to the most advanced. It is important that you join a good broker and use trading platforms that best suit your style.
These platforms always have a demo account where you can practice without losing your money and it is worth learning before investing to minimize risk.

[Gwataman 147]

Do not use short cuts if you want to be succesfull, some use short cuts and everything tends out to be fine fo them but i recomend one to have the knowledge about something at their finger tips.

[VIIZ0N3 15]

There are no shortcuts on the road to success, only effort and dedication will guide you to success.

[ricardoramc 49]

There is no shortcut, do not fall for people who assure you profitability just by seeing a part of a course, trading is too broad a topic, with many strategies, you have to test the strategies and see which is the one that best suits you , and above all be very disciplined

[Mir Hamza 2888]

Before working in forex trading, you should know that it has to be learned completely. And it has to be learned completely. There is no shortcut to learn it. You have to learn how we will analyze the market and how we will use SL and TP. Only after learning all these things can you quit working on it. And this work has to be fully learned and there is no shortcut method.