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.