Beginner's Tips
Dec 22, 2019 at 16:21
I am not sure if this content is cloned or reiterated or not, but it is so important that should be reminded to both newbie and experienced traders over and over.
Money and Risk management and respective provisions
Before executing any trade, regardless of long-term or short-term, please make sure the exit levels are predefined. Calculate the exit quotes meticulously irrespective of profit or loss. Utilise the chart tools, indicators, and your imagination to illustrate the worst case scenario, and then you should come up with a getaway plan in case the market moves against your transact.
Keep an eye on news, economic calendar and market sentiment.
The market resembles a war zone but between bulls and bears, make sure you are ready to be in frontier.
Money and Risk management and respective provisions
Before executing any trade, regardless of long-term or short-term, please make sure the exit levels are predefined. Calculate the exit quotes meticulously irrespective of profit or loss. Utilise the chart tools, indicators, and your imagination to illustrate the worst case scenario, and then you should come up with a getaway plan in case the market moves against your transact.
Keep an eye on news, economic calendar and market sentiment.
The market resembles a war zone but between bulls and bears, make sure you are ready to be in frontier.
Jan 03, 2020 at 09:37
The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
Jan 06, 2020 at 02:05
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
Member Since Feb 22, 2011
4862 posts
Jan 06, 2020 at 14:26
The question is why should beginner make any money on forex?
If you would like to earn money in any proffession it would take years of studies and practice.
Becoming doctor or even plumber is not fast and easy way.
So why would be forex any different?
If you would like to earn money in any proffession it would take years of studies and practice.
Becoming doctor or even plumber is not fast and easy way.
So why would be forex any different?
Member Since Nov 06, 2018
1 posts
Feb 10, 2020 at 10:00
New in trading? This video will help you out!
Feb 11, 2020 at 03:32
A newbie trader must always start trading on a demo account to practice and gain knowledge about trading know-how. Trading on a demo account is the best way for a beginner to learn forex trading and it is also helpful in formulating strategies for profitable trading. If you want to directly trade on a live account, go on with a small investment to prevent huge losses.
Feb 11, 2020 at 03:54
ethan_65 posted:
A newbie trader must always start trading on a demo account to practice and gain knowledge about trading know-how. Trading on a demo account is the best way for a beginner to learn forex trading and it is also helpful in formulating strategies for profitable trading. If you want to directly trade on a live account, go on with a small investment to prevent huge losses.
Hi ya, some demo account shows different spread from Live account. should be aware of that.
Member Since Mar 18, 2019
98 posts
Feb 11, 2020 at 15:38
Mohammadi posted:
for beginners trading is always risky particularly when it is time to news, beginners always have to leave news trading due to lack of fundamental information.
yes news trading is hard but i think the volatile times are more exciting. mindset is key for newstrading i must add though!
Member Since Feb 09, 2020
2 posts
Feb 12, 2020 at 00:47
Good Day! i am a beginner i would like to ask if i ask an example of a volume and swap and rate? my account is 1:100 and funded it already amounting to 200USD , am afraid to buy and sell because i didnt yet know what is the startegy,..
thank you
thank you
forex_trader_688163
Member Since Feb 28, 2019
140 posts
Feb 12, 2020 at 07:03
kristelglace posted:
Good Day! i am a beginner i would like to ask if i ask an example of a volume and swap and rate? my account is 1:100 and funded it already amounting to 200USD , am afraid to buy and sell because i didnt yet know what is the startegy,..
thank you
No one know to sell or buy right now. You can use the basic technique to trade. The most important part in this fx trading is not loss all the money.
Member Since May 04, 2019
23 posts
Feb 12, 2020 at 17:31
All a beginner needs to know is that the market offers many surprises, LOL, but it's not so scary if you're morally ready for it. Things will always go wrong. But don't worry about it. Absolutely all of us live on forex under this scenario.
Member Since May 13, 2019
26 posts
Feb 12, 2020 at 17:35
A newbie should spare no time with his education. Only knowledge will help you to understand all the nuances of trading and learn to find profitable situations faster. And yes, you will always have to do it. It's true. But believe me, the result will meet all your expectations.
Feb 13, 2020 at 07:19
The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
