Basic Concepts Every Beginner Should Understand Before Trading Forex

Welcome to the community Jewel,

These are some concepts I think any beginner should understand:

1. Concept of support & resistance

2. Concept of risk management (how stop loss works, how leverage works, etc.)

3. Discipline (how to stick to your trading plan & control emotions like fear, greed, hope etc.)

4. Forex sessions

Thank you so much

I would say understanding how to think in probabilities is essential. Beginners need to understand that there's always a probability that a trade will fail. So, with that in mind beginners should be ready to accept a loss without letting it affect their emotions towards the next trade.