Forex Can you learn to trade from books?

I was just thinking about this... but where do MOST people learn to trade? Surely not these internet gurus selling courses for _____. Are books the best way to go? I was reading one where it said traders fail cause they don't invest in trading education... so what do you guys think is the best route?

Source.

 

If you are new at forex market, you should know all the rules and regulation of forex market. On the other hand you should also know the basics of forex trading. Without knowing the rules and basics, it will be quite tough for you to trade in forex market. As a new trader you can open a demo account under any broker. In that demo account you can learn the basics of forex trading. You can also know about the rules of the forex market. Demo account is fully risk free. It is the best option to know about the forex trading practically. I also used a demo account of [removed], when I was a new trader. After learning all the techniques of forex market from them, I enter into their live account. I am currently trading with them.

 

There are many trading platforms available, and finding the right one can be very difficult. There is no best Forex trading platform. It all depends on your trading needs, preferences and customs. In terms of market coverage as well as available trading tools, MT4 is the popular forex trading platform. If you are an advanced forex trader, you will feel comfortable trading via the cTrader platform.

 

Books can help, but you would mainly get updated information online and from your broker. Then more important; practice on demo trade as you learn.

 

Yes, but it's a bit old fashioned I must say because loads of forex related materials are online now.

 

Exactly, the world is changing rapidly and we need to keep up.

 

So many materials available everywhere now, even forums like this pave way for learning coupled with the fact that brokers now offer education too.

 

Life is much easier now for traders, as materials are available everywhere now and free too.

 

Of course, it was difficult getting materials on forex some years ago, you literally have to put in the work just to get the materials.

 

Brokers also now have materials available for traders to learn and get use to the market. I know how much knowledge I have gathered from the library section [removed, pay to advertise] site.

 

Yes but how can you evaluate the source of the information you need, before you take advantage of it, in order to know if it is relieble or no ?

 

It's basically about what you need, if the material serves the purpose then there is nothing to worry about. You can worry when you been asked to pay for it.

 

Exactly at the point !!!!! But my question remains.

 

Just check where you are getting and cross check the info on google.

 

There are legit free information available now compared to before, don't really see the need verifying anything unless you are being asked to pay

 

Another thing that can help is breaking down the course and taking them in bits, like;

1. Learning the basics
   
2. Learn the software
   
3. Learn with demo accounts.
4. Find a reliable service provider.
5. Use the service provider's resources such as tools and guides.
6. Read books on trading and watch videos online.
7. Learn various trading strategies and test them.

 

Thanks for the input!