What is the best way to learn forex trading (besides reading forex websites/blogs)?

After 8+ years of trading forex and mentoring new traders, here are the most effective learning methods I've found:

1. Demo Account Practice (Essential First Step)

- Open a demo account with a reputable broker like **Giraffe Markets**.

- Practice without risking real money.

- Test different strategies and timeframes.

- Learn platform functionality.

- Spend a minimum of 3 months on demo trading before moving to real trading.

2. Trading Journal (Critical for Success)

- Document every trade.

- Record entry/exit points.

- Note market conditions.

- Track your emotional state.

- Review weekly to identify patterns and improve.

3. Trading Simulators

- Practice with historical data to simulate trading scenarios effectively.

4. Video Analysis

- Record your trading sessions to reflect on your decision-making.

- Watch professional traders in live sessions or recorded tutorials.

- Study market replays to spot patterns and analyze choices.

5. Join Trading Communities

- Find legitimate Discord groups or trading forums.

- Participate in local trading meetups to share experiences.

- Engage with others to gain different perspectives and strategies.

6. Structured Education

- Study the fundamentals of technical analysis.

- Learn about risk management principles and market psychology.

7. Practical Steps

- Start with one currency pair (e.g., EUR/USD) to focus your efforts.

- Master one strategy before exploring others.

- Prioritize risk management over profits.

- Maintain a consistent trading schedule.

8. Mentorship

- Look for an experienced trader willing to guide you.

- Join legitimate mentorship programs.

- Steer clear of “get rich quick” schemes.

- Be prepared to invest in quality education.

Pro Tips :

- Record your screen while trading to review later.

- Start with higher timeframes (4H, Daily) to get a broader perspective.

- Understand the fundamentals before diving into advanced strategies.

- Focus on the trading process and discipline rather than profits initially.

Remember, real proficiency takes time. Most successful traders spend 1-2 years learning before achieving consistent profits. There are no shortcuts, but structured learning accelerates progress.

[Note: Forex trading carries significant risks. The information provided is for educational purposes and should not be considered financial advice.]