Our Reddit FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. - To be with other like-minded forex traders. So Welcome all to "The Reddit FTMO Forex Trading Community ". Cheers and stay safe .
So I have a new job that pays me a fair bit more than my old jobs ever did and i’m interested in looking at forex and eventually into stocks and larger investments. Wondering if you ladies have any good resources for where to start?
Hi all! I just started learning Forex trading last week and i don't have any professionals to guide me so i'm hoping i could find some help here. I'm not a very smart person when it comes to this so i apologize in advance if i end up asking pretty dumb questions.
So far i have learned about PIPs, leverage, stoploss for risk management and reading the candlestick chart. The topics in this area could be very broad so i'm wondering what are some of the other areas i should look into as well.
As a beginner, how do i know i'm confident enough to actually start trading with real money? I don't intend to jump straight into trading but i'm wondering how much time i should invest on researching and self-teaching.
Is it possible to invest as low as $10? I'm currently residing in Canada and i'm not sure which broker is the best to use.
I honestly do have A LOT more questions but i will settle for the three questions above i have for now. Would appreciate if there are any professionals out there who could guide me along. Thanks in advance! Edit: I have been approached by a couple of "traders" through private messages promoting their own websites and courses with a fee required from me. Please do not approach me for any self-promotion for your business. Thank you!
I'm looking for the best book to learn about Forex trading, covering everything from which broker to use, to what currency pairs are, to what crosses are, to taxes, to earning interest, to leverage, to what news announcements to watch out for, etc. Does anybody have a book that does the best of covering everything you should know?
Anyone have a recommendation for a place to start learning about forex trading strategies, or good AI Forex bot?
Anyone have a recommendation for a place to start learning about forex trading strategies, or good AI Forex bot? I have been doing some forex trading with a bot and manually, and have learned a ton. However the bot I am looking into something different.
I'm 23 years old, have $1000 to play around with, and am considering learning about FOREX trading or buying stock.
Firstly, I'd like to say that there is little to no repercussion for me losing all of this money. I've come across a bit of extra cash and I decided that instead of going with my first instinct - which was buying a PS4 and some games - I should use this opportunity to learn something new, start developing a portfolio, or start a tax-free savings account. I know a decent amount about international relations and geopolitics so I'm considering buying a book on FOREX trading and trying my hand at it. First I'd download a program that would let me play with hypothetical money before, of course. At the moment I know very little about it other than what it is at its core. Another idea I'm throwing around is buying stock in a Canadian commercial marijuana company before it becomes legalized in Canada over the next few years. Any advice or feedback would be really appreciated. I know that the 'I have $1000 dollars to use' question pops up all the time in this sub so I thought I'd try and make it a little more specific.
As a college student who wants to learn more about forex and stocks, which classes should I take?
I'm a senior and have not taken any Econ/Finance/Accounting classes before but am interested in learning about forex and asking you guys what classes would give me a good grasp of how forex works. Do Micro or Macroeconomics help with this? Which one is more practical? Thanks!
A little update: I've immediately and carefully decided to continue pursuing my career in aviation and out of nowhere, within 2 freakin days I already have an ojt, and I also decided to continue learning about forex market for an extra income. Thank you so much to everyone who gave me insights and advice!! It really helped me think more outside of the box and consider things that I haven't considered before!! Keep safe to all! I am 22F, still don't have any first job and it kills me. So here's bit of my timetable: graduated march last year and spend months after reviewing for my board exam. Nov 2019, pumasa naman but I haven't planned anything forward from that point, because lowkey hoping my father would grant me his floating promise for me that if I could pass my board exam, pag-aaralin nya ako sa flight school wc is my biggest dream. He said yes..... but the money he had would first be used by my older sister (for her nz show money and stuff) so I was left waiting (but now not hoping). I decided to apply for a job pero jobs in our industry were first given to those with referrals.. or maybe I'm just not qualified enough.. So I end up studying again with a program aligned with my career pero boom covid naman. Bagsak industry. Tried to apply for online jobs pero they don't accept my application because of our slow internet connection na tinatry namin ipa-upgrade pero still waiting for 3months and counting na (is this a valid hardship lol?? :( ) Now I'm studying stock and forex market. I've finished most of the studying but now I can't help but to think of it more as, like, gambling and can't really tell if this could be a valid first real job where I could get income from kasi you would, most likely, also lose money because risks, right? I haven't even started trading real money yet because the funds will come from my father, and this, again, made me feel like I'm a burden (more like palamunin) in this house, like I'm 22?? Shouldn't I be working now..... I can't help but compare myself to my friends who works their asses off and earn 5 digits while here I am eating off of my parents' monies.. I'm really torn because I don't know if I should still hold on to my past industry which, as of the moment, is still trying to regain strength or move on and invest my time more on trading now and try to make it as my main source of income. Hoping for more insights. Thank you so much.
14 year old uk student and i want to learn how to trade
So i have 2 more years till i go off to college and enter the real world so now i guess is the best time for me to learn valuable skills. Where do i start learning and what recourses do i need? People have been telling me i should get a mentor so do i get one first thing or do i wait until a certain point? Also what youtube channels would you recommend me to watch? I want to learn as quickly and efficiently as possible so any advice would be greatly appreciated, thank you! P.s. im an auditory learner so i would be grateful for any tips that could help me with studying and learning about forex. And ill also be using my phone to trade in the future since i dont have a computer :)
Hi, I recently got into trading and am looking to become a part time Day Trader, and the first thing that anyone reasonable will tell you is that it’s not a get rich quick scheme. I do understand this but sometimes I don’t always believe it. However, I have practiced self control and started reading a few books to begin with. The current one I am on is The complete guide to day trading by Markus Heitkotter. He suggests that charting software is a critical part of day trading which I understand however I am unsure of which software is the best value for money and will aid me in getting rich slow. Any advice on an appropriate charting software will be appreciated! Just some background, I have been learning about forex and stock markets for a while so I do have a basic understanding of terminology. I also have an actuarial science degree so I as fairly familiar with the financial world. Thanks for the help in advance Edit: Cedar_Wood_State has pointed out that many trading platforms have this functionality built in. Then which platform would be best for day trading ?
I'm pretty sure Tradera is an MLM. One of my family members reached out to me about a way to make money with Forex trading and asked me to join a call to learn more. My MLM senses were already tingling but when I dialed in the talk about teams and general motivational stuff made me think that it was definitely an MLM. Also the after follow up (I left the call early), the fact that this family member has made posts about why all businesses are pyramids, and the $99 per month buy-in to supposedly make $500 or more per month. I feel bad because my family member is really into this and I can't really tell them to F off, so I just go with soft let downs. I'm genuinely interested in investing (learned about Forex and it's not for me) but I hate that now there is a new way for people to get scammed.
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. 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. Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $6.6 trillion.Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. Learn forex trading with FOREX.com's learning center. We offer video tutorials, webinars and online trading courses. Learn forex trading with FOREX.com learning center. Resources are available for beginner, intermediate, and advanced traders.
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