Kenneth765 Wilson#46

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How should beginners start learning forex trading effectively?

Beginners should follow a structured path: first learn basics like currency pairs, pips, spreads, and leverage. Next, explore fundamental analysis (economic indicators, interest rates) and technical analysis (charts, patterns, indicators). Institutions train new traders with months of theory plus supervised practice. Retail beginners can replicate by using free educational resources, demo accounts, and structured courses. Benefits: building a strong foundation prevents early mistakes. Risks: skipping education and rushing into live trading often leads to account wipeouts. A practical plan: spend 3 months on theory, 3 months on demo practice, then move gradually into live trading with small capital. Forex education should be treated like a degree—structured, step-by-step, and practice-driven.