How Does One Learn Forex Trading For Free Without Having To Buy Online Forex Courses & Pay for Mentorships?
I see so many people selling courses & offering mentorships online but none of these is actually free. How does an average person learn to trade forex from the comfort of his/her bedroom without having to part with hard earned money? It will be especially painful if after buying courses here and there, one still does not become a profitable trader. I guess the safest approach is to learn for free then use the money you would have spent buying courses to open a Micro Trading Account and test the markets yourself. That way, you can learn from experience and feel the emotions of trading.
Does anyone have any experience to share about this? I would like to hear from you.
A demo account is what I used to learn forex trading and after a while I opened a cent account to trade live cash but in very small quantities. Trading with a live cent account helped me learn to manage the emotions that come out to fight against me in trading. Emotions like fear are a real problem because it causes you to exit trades before they get the chance to become profitable. Demo accounts don't help you overcome fear because the money in a demo account is not real.
A demo account is what I used to learn forex trading and after a while I opened a cent account to trade live cash but in very small quantities. Trading with a live cent account helped me learn to manage the emotions that come out to fight against me in trading. Emotions like fear are a real problem because it causes you to exit trades before they get the chance to become profitable. Demo accounts don't help you overcome fear because the money in a demo account is not real.
There's also a lot of free material out there on YouTube & some of the videos reach up to 1 hour in watch time. You can watch and learn how to trade forex from these videos.
Learn forex quickly by joining a free trading community online or offline. I emphasize the word "free" because any community asking you to subscribe is probably a scam and are not interested in your self-development.
In genuine free trading communities, you benefit from the wisdom of the crowd as the members share their charts and daily market experiences with each other.
I don’t believe in learning forex for free. It’s time consuming and can be tedious. The best way to learn forex is to learn from someone with proven track record in the industry. Don’t just go paying anyone. Pay only those who are really doing well in the industry.