How to proceed from here

How to proceed

Congratulations, you now have a basic understanding of forex. You have taken the first step towards being a forex trader.

The easiest way to get there is to gain experience with a trading strategy. The beginner strategy gives you the experience you need for further learning. After that, you will be able to learn the rest much faster.

Forex beginner strategy

Forex beginner strategy Show lessons

Building on the beginner strategy
Forex beginner strategy Show lessons

Beginner strategy advanced
Beginner strategy advanced Show lessons

Become a trader of all asset classes

Get a deeper understanding into trading concepts to trade all asset classes.


Reading charts
Reading charts Show lessons

Money management
Money management Show lessons

Candlestick patterns
Candlestick patterns Show lessons

Incorporating indicators
Incorporating indicators Show lessons

Further technical analysis
Technical analysis Show lessons

Developing a strategy
Developing a strategy Show lessons

Master your psychology

Learn how to manage your emotions while trading.

Additional courses

Psychology

Psychology Show lessons

Enrich your trading with fundamentals

Learn what moves the market to enhance your trading.

Fundamental analysis: What moves the markets?

Fundamental analysis: What moves the markets? Show lessons

Use your knowledge and join our challenge

Tradimo has partnered with Tradeo to hold a friendly group investment challenge with a goal to earn EUR 100,000 in joint profit. This challenge is designed for traders with any level of experience, from complete beginners to experienced trader. Join now and boost your educational progress by using knowledge of hundreds of traders in every single trade. The top 100 participants will get valuable prizes, including 5 spots for a trip to Beijing and a trading seminar with our experts. The competition lasts until the 30th of April and new participants can join at any time.

  • it is good lesson to understand the forex trading
  • Hi kinbadrag,

    Welcome to tradimo. smile
    We're glad you liked this module.
    Have you applied to the free €100 already so you can start with the practice? You can find the promotion here.
    Good luck with your trades and if you need anything our moderators team will be glad to help.
  • Dear Sir,
    I wish to inform you that i have applied for 100 free euro for trading. Hence i request you to kindly credit the same to my account
  • Hi kinbadrag,

    If you have followed all the steps on the guide, soon Varengold will credit your bonus.
    Use this time to explore the forum and introduce yourself here to the other users.
    Cheers.
  • I find it interesting to increase your knowledge in the markets but I don't really see it viable to make money. Maybe I'm quite ignorant but if the currencies price changes cents in a whole week, how much money do you have to put to make a reasonable amount of profit? You have to put 1000 € to make a profit of 30 €? I don't know but it doesn't seem worth the effort.
  • Hi Carokhan,

    In fact €1000 is the smallest possible transaction you can make on the forex market, it is called micro lot or 0.01 lot. We as traders are in fact interested in even smaller moves than cents, called pips which are 0.01 cents approximately. When you buy €1000 one pip is about €0.075 and currencies can move easily 100 pips a day. Also we don't just use our deposits to trade we trade on borrowed money to enhance our results. We can borrow many times our account balance and that makes the whole pursuit worthwhile.
  • Hello Carokhan,

    All depend on what you're hearing about "reasonable" and how much money you want to earn from trading.

    Learn to trade (forex, stocks...etc...) has an advantage: whether you trade with 100 euros or 100 times more, it doesn't change anything about your strategy, your method to face markets. You can easily grab experience with a demo account for example (or a free100 demo one wink), develop and fine-tune your strategy. Once done, you have an overview of how much money trading might give you. Then, the amount of profit only depends on how much money you put in the table wink

    And using your example, it is relatively easy to win 30 euros by putting 1000 ones in a single trade, thus a gain of 3%. In France (for example), you can subscribe to safe financial investments which earn you the same amount in one year...

    Today, I think that trading is a potential way to earn money, as others...And as for real estate, get his firm up or other things, it requires methodology, a precautionary approach and then a certain propensity to take risk (a well defined one, ofc wink).
  • Thank you for your answers guys! I heard about the concept of borrowing money to amplify yours gains before. Does this course teach you how to do so? If not, where can I learn about it? Thanks in advance!
  • Hi

    you can learn about the concept in our Money Management section and in particular about leverage or borrowed money here.
  • Never find such a good lessen like here... Thanks smile
  • After going through the Quiz here, I have come up with the opinion – that, anyone who follows the guide and index as are embedded in these lessons, will definitely become a successful trader.
  • Sigllow12:
    After going through the Quiz here, I have come up with the opinion – that, anyone who follows the guide and index as are embedded in these lessons, will definitely become a successful trader.

    Hey Sigilow12,

    with the right attitude/mindset and determination people can do everything.
    so yes there is a potential trader in everyone!
  • Hello
    i think i am join in rite place to learn about forex market and thank to every one for this importunity.
  • Hi Amdadul,

    Thank you very much for your positive feedback.
    I see that you joined us yesterday - welcome to tradimo!

    Why don't you introduce yourself with a thread in our intro section?

    Don't forget to also sign up for the free 100 promotion, put what you are learning into practice!

    Good luck and happy trading!
  • Hello Everyone,

    This is your friend - seagllow12.

    Please, I passed the Quiz here and opened Varengold account, but yet to see the subject €100 in my MT4 platform.

    I would be glad if someone advice me on what-next, I should do in order to commence trading.

    Cheers!
  • Sigllow12:
    Hello Everyone,

    This is your friend - seagllow12.

    Please, I passed the Quiz here and opened Varengold account, but yet to see the subject €100 in my MT4 platform.

    I would be glad if someone advice me on what-next, I should do in order to commence trading.

    Cheers!

    Hey seagllow12,

    Did you enter your varengold id on this page?
  • good lesson, its very must having to my, i can good trader now. thanks
  • good lesson....i like it..thanks

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