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/r/Forex Trading Community
Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
Should I invest in this company to learn forex trading?
Recently one of my friends that is equally into trading gave me a link for this company he has been practing with. Before I heard about this company I just liked picking his brain and having a back and fourth with him about what to do next etc etc. But I'm getting some bad vibes, ok so the company was just formed right? So I understand if they are a little new and don't have everything figured out. But certain things are seriously freaking me out.
YOU HAVE TO have a referral from someone you know, this is weird because they give you money the more people you refer, so if this is how they are making their money 1 sounds like an MLM, when will they stop focusing on trading and instead just focus on what their business is about? (This could be legit but I am very careful when it comes to MLM)
When speaking to the presenter, they never asked if anyone wanted to ask questions with a Q and A and just left a few of my questions unaswnered even though her presentation was all about how they answer questions and their course is awesome because its interactive…. so… that's a little sus.
They are offering trips to Mexico and things like this, which I actually like but I am also a little werieded out by, I feel like they might be using this as a crazy tactic.
So its only 20$ which isn't that much, however they don't accept things like PayPal or Venmo so they would have my actual information if I sign up for them, now is 20$ worth giving them this? What can they actually do with it… also is 20$ worth the knowledge they are going to give me? hmmm…..
What do you guys think about this? Have any of you actually been successful in not getting formal training?
I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support.
I want to learn forex trading but it feels impossible
I want to learn trading so bad but it's seem impossible with my lack of focus and comprehension. For those who don't know what forex is, it's basically the act of trading currencies. I hear it's really fun and theres a lot of money to be made in the industry. I came across a website called babypips and Its said to be perfect for beginners. You go through levels or grades basically, preschool to college, but Im still stuck on preschool, the beginners stage. Theres 300 lessons for each grade I believe, so of course its going to take a while, the thing is, im still on lesson 3 (the introduction) I should be at the practice stage by now, but im not even close to there yet. I find myself rereading the same lines over and over again, I tried youtube but they go too fast and are for the most part, intermediate level. I even spoke to a mentor but When we were on the phone I had no idea what she was on about at all, like, I literally couldnt process the words coming out of her mouth. I even tried reading books, but you can already imagine how that went. I haven't been diagnosed with ADHD but i plan to get a diagnosis soon. I just want to know if theres anyone here with Adhd who jumped into the foreign exchange market yet suffered the problems I mentioned.
Learn to Trade Forex. If you’re interested in profiting from the multi-trillion pound forex space, then you’ll be buying and selling currencies. The overarching concept is to make a profit as and when currency exchange rates move. As such, you will be trading a forex ‘pair’, which consists of two different currencies. Learn how to calculate profits. A pip measures the change in value between two currencies. Usually, one pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from 1.546 to 1.547, your currency value has increased by ten pips. Learn how to invest in the Forex from top-rated stock exchange experts. Whether you’re interested in learning how to trade in the Foreign Exchange Market, or earn more on your investments with algorithmic trading, Udemy has a course to help you become a better stock trader. The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Learn forex trading at BabyPips.com's learning center. We offer online trading courses, interactive quizzes and a forex glossary.
Trading Forex for Beginners - The Basics - YouTube
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