Right after entering the Dealing Center a forex newcomer is diving into mass of classics trading theories most of whom never traded – there was no trading at that time! Some theories, like the Eloith’s Wave one are too complicated and require long months practice and thorough study. At the same time it goes about graphical and fundamental analysis. As well, it goes about the importance of news and the risks management (If you do Forex – do it Your Way!)

However, almost no one tends to prioritize. In order to trade and get profits a newcomer is advised to learn everything related on the topic and doing the summary by themselves.

In fact, a forex newcomer is first to understand the basics. I.e. that the market changes are caused not by graphical patterns but by news, real money and their quantities. The stock money state is reflected by correspondence of demand and offer for one lot.

The myth about the forex trading market enormous liquidity vanishes. As well, you should not believe the fairytales like European time is the most active for trading. The market will show you otherwise, but “the most liquid” time the futures lots are traded in quantity of 5. That’s at the time when the US is asleep and the lots are traded in thousands. The answer is clear – no one can ever explain it.

The other popular myth sais that there is no trading volume on forex – and it sounds as a sentence for most traders. Why? Because every trader is encouraged to trade based on any method, starting with graphical and ending with fundamental analysis. Yet, all of these approaches are secondary.
So what is forex newcomer to do? Start trading sp 500 and if in one half year you will still have nothing, no fores helps you.