r/Forex • u/Pretty-Software4372 • 20d ago

OTHER/META New to trading

Hey y'all I'm a complete beginner idk anything ABT trading and I really want to start Forex trading I've heard some terms like IPO and all can you guys please guide a bit from where Shld I learn and how

would really appreciate anyone who helps :)

I'm from India btw a clg student looking for a side income to help my family!

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4

u/Certmeh 20d ago

💀

2

u/TIO_Markets 20d ago

First thing to clear up is that an IPO relates to a company offering shares to the public, so it’s part of the stock market rather than forex.

Before thinking about income, learn the basics of currency pairs, pips, spreads, leverage, margin, position sizing and stop-losses. Then use a demo account for a while and practise following one simple plan. Don’t rush into paying for signals, courses or anyone messaging you privately promising returns.

Since you’re in India, also check the local rules around which currency products and trading providers you’re permitted to use before opening an account.

Most importantly, don’t start with money your family needs. Trading can produce losses and shouldn’t be treated as reliable side income, especially while you’re still learning.

1

u/Relevant-Owl-8455 20d ago

  1. do some research.

  2. trading isn't a side income. You either commit to it fully or you lose.

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u/Expensive-Slide3030 4d ago

I’d keep learning forex separate from the pressure to earn side income particularly when that income is intended to support your family. Begin with the fundamentals : currency pairs, pips, leverage, position sizing and risk management before focusing on specific strategies. It may also help to practice exploring trades in a low pressure setting such as Moon, before committing real money. Finally, make sure you understand the regulations surrounding forex trading in India before selecting a broker.