Currency trading, also known as forex trading, is one of the most popular and interesting trading forms. Traders across the globe buy and sell currencies in order to earn a profit from the difference in its value. But how to learn currency trading?
The answer is here. Let’s find out various ways to start our journey with currency trading.
How to Learn Currency Trading?
One thing that makes currency trading unique is that you have to analyze global markets and the economies of different nations. So it requires learning subjects like political science and economics along with fundamental analysis.
Were you a studious bookworm during the school days or someone who only liked to listen to the teacher’s stories? We have a solution for both of them.
Currency trading can be learned through books, blogs, YouTube videos, and even audio podcasts. It’s time to explore the sources where you can find all the right chapters.
Currency Trading Books
Books are the best source of knowledge. They have vast information and answer almost every question. But with so many books around, which one should I read for currency trading? Here is a list of five of the most trusted and best-selling currency trading books.
Currency Trading Books Title Author The Art of Currency Trading Brent Donnelly The Black Book of Forex Trading Paul Langer Day Trading and Swing Trading : The Currency Market Kathy Lien The Alchemy of Finance George Sones The Little Book of Finance Kathy Lien
Best Site to Learn Currency Trading Online
Learning anything online is the most convenient form of education. Similarly, you can learn currency trading online. It is free, requires no hustle, and you can open it on your mobile device or PC whenever you want. Here are some of the popular ways to learn currency trading online:
Blogs teach you a concept with just a 5-minute read. There are thousands of currency trading blogs available on the internet. But not all of them would have accurate information. If you wish to start learning through blogs, visit the Stock Pathshala website.
There, you will find articles on all the important currency trading topics in a language that is easy to understand.
Currency Trading YouTube Channel
Do you want to learn how to trade currencies without reading long paragraphs and heavy books? If so, then you need to check out the Stock Pathshala YouTube channel!
It has a bag full of currency trading videos that will teach you everything you need to know about it, from the basics to advanced strategies. The videos are created by experienced traders who know what they’re talking about, and learners get accurate information.
Some additional benefits of learning from the Stock Pathshala YouTube Channel are:
- You’ll learn from experienced traders who know what they’re talking about.
- You’ll get access to a variety of resources, including video tutorials, articles, blog posts, and a live chat room.
- You can ask questions in the comment section.
- You can learn at your own pace.
So what are you waiting for? Subscribe to the channel today!
Best App to Learn Currency Trading
Wouldn’t it be great if you had a currency trading tutor at home? Stock Pathshala mobile application does the same for learners.
It is designed to make stock market learning easy and affordable. The application has free articles, courses for beginners, and advanced education for those who have a zeal for trading. The given features will surely make you visit the app once:
- Easy-to-learn, language-friendly education
- You can learn in all formats; video, audio, and text
- Course levels range from beginner to expert
- Native language support for bilingual learners (Hindi, Gujarati, Telugu, and Tamil)
- Self-assessment quizzes
- Special feature ‘Scalps’ for quick learning
- Affordable Pro membership for learning complex concepts
- Daily live classes for Pro Members
- Offers on demat account opening, brokerage discounts, and more
This is not the complete list yet; download the app from the Google Play Store and see for yourself.
Conclusion
All types of trading involve market risks, as stock market movements can never be predicted with 100% accuracy.
However, with proper learning and technical analysis, you can minimize your risk and increase the probability of profit.
Keep in mind that you cannot completely depend on technical analysis alone; there are other factors, like trading psychology, that can affect your trade. To learn more, reach out to Stock Pathshala.
We have tutors with years of experience who can help you out with the troubles you get while looking at charts, applying technical indicators, or answering questions that arise while making a trade.
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