I am totally new what do you suggest I do first
Thanks,
catfih
SP
SportCort
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Posts: 2
I think you need to read a few books including Wikipedia.
Also you need to decide which pair you will be using and your broker.
Also you need to decide which pair you will be using and your broker.
DA
DavidBaker
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Posts: 1
Forex is an investment with high risk. The velocity of money in the forex daily reach trillions of dollars. Now with even small capital we can invest in forex. Besides the reliable forex broker is also an important factor.
LA
laureljohnson0506
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Posts: 2
Hi catfish, the best thing you can do now is to study how the market works. There are plenty of trading resources you can find online that will help you understand the different tools and terminologies. Always remember that it's important for a trader to know the important points in trading to avoid losing their profits. Trust me this advice have helped me survive in Forex.
AL
Alison Perry
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Posts: 1
Hi there! I think you really have to understand first the norm of the Forex trading market. Forex market is a hub where currencies are traded.
PA
Pamirah
Rep: 10
Posts: 5
Every successful trader was once a new trader and he had the same questions in his mind as you have now. You need to work hard and steady in order to stay long on the trading world. Have you done some home work in this regard?
MA
mathewhogg
Rep: 0
Posts: 1
If you are new to trading and don't know what to do. You can join the online platform which gives you online trading classes related to trading, forex trading all related terms. I also know one of the online Trading Academy which provides a very good online classes. Visit : <redacted>
JO
JOshbarr4
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Posts: 1
If I could go back to when I started, I wouldn’t focus on indicators or strategies first.
I’d focus on understanding how the market actually moves, structure, liquidity, and why price reacts at certain levels.
Pick one market (don’t jump around), paper trade it for a while, and learn how it behaves during different sessions. Futures like the Nasdaq move very differently during London vs NY open.
Also, protect your capital early. Survival is the first goal, not making money. It's about how long you can stay in the game.
Once you understand risk and how price moves, everything else becomes easier.
I’d focus on understanding how the market actually moves, structure, liquidity, and why price reacts at certain levels.
Pick one market (don’t jump around), paper trade it for a while, and learn how it behaves during different sessions. Futures like the Nasdaq move very differently during London vs NY open.
Also, protect your capital early. Survival is the first goal, not making money. It's about how long you can stay in the game.
Once you understand risk and how price moves, everything else becomes easier.