Beginner's Tips
Mitglied seit Jul 20, 2019
373 Posts
Aug 25, 2019 at 09:16
Roberto21 posted:I only have my very own strategy (for my mindset)... but yes., it fits to every market. 😉
experience traders dont depend on same trading strategies completely, they change their strategy according to market movements.
patience is the key
Sep 13, 2019 at 14:27
1)go to class study technical analysis with pro teacher/mentor , Pick the strategy and practicing the strategy DEMO , Challenge yourself with 1k demo make it profit 600k with demo account
2) After success at least 80% win on that demo then open real account (micro or cent ) is recommended
3) Check the win/profit % ,DD% analysis ( Go to tab Mt4/MT5) Right click download report every Week (Saturday).Make weekly analysis with H4/D1/W1 chart & News Eco calendar for next monday.
4)If ready with your strategy and then try standard acc .
5) Use some profit ....If success then you find the programmer convert your strategy to robot /EA , Create EA to save your hard-work /strategy/idea on EA as portfolio of yourself..
2) After success at least 80% win on that demo then open real account (micro or cent ) is recommended
3) Check the win/profit % ,DD% analysis ( Go to tab Mt4/MT5) Right click download report every Week (Saturday).Make weekly analysis with H4/D1/W1 chart & News Eco calendar for next monday.
4)If ready with your strategy and then try standard acc .
5) Use some profit ....If success then you find the programmer convert your strategy to robot /EA , Create EA to save your hard-work /strategy/idea on EA as portfolio of yourself..
Joha AL fath
Sep 13, 2019 at 21:01
joha51 posted:
1)go to class study technical analysis with pro teacher/mentor , Pick the strategy and practicing the strategy DEMO , Challenge yourself with 1k demo make it profit 600k with demo account
2) After success at least 80% win on that demo then open real account (micro or cent ) is recommended
3) Check the win/profit % ,DD% analysis ( Go to tab Mt4/MT5) Right click download report every Week (Saturday).Make weekly analysis with H4/D1/W1 chart & News Eco calendar for next monday.
4)If ready with your strategy and then try standard acc .
5) Use some profit ....If success then you find the programmer convert your strategy to robot /EA , Create EA to save your hard-work /strategy/idea on EA as portfolio of yourself..
Open a forex beginners COMEDY tips topic and post it there :)
step 1 is to make 1k to 600k on demo??? that might take a lifetime, but staying on demo forever might be better for some ppl
to program a whole news calendar into an EA must be fun too.
risk management, trading psychology, fundamental analysis... all ignored in the list?
this topic should be about helping beginners
Sep 14, 2019 at 06:04
Gabor33 posted:joha51 posted:
1)go to class study technical analysis with pro teacher/mentor , Pick the strategy and practicing the strategy DEMO , Challenge yourself with 1k demo make it profit 600k with demo account
2) After success at least 80% win on that demo then open real account (micro or cent ) is recommended
3) Check the win/profit % ,DD% analysis ( Go to tab Mt4/MT5) Right click download report every Week (Saturday).Make weekly analysis with H4/D1/W1 chart & News Eco calendar for next monday.
4)If ready with your strategy and then try standard acc .
5) Use some profit ....If success then you find the programmer convert your strategy to robot /EA , Create EA to save your hard-work /strategy/idea on EA as portfolio of yourself..
Open a forex beginners COMEDY tips topic and post it there :)
step 1 is to make 1k to 600k on demo??? that might take a lifetime, but staying on demo forever might be better for some ppl
to program a whole news calendar into an EA must be fun too.
risk management, trading psychology, fundamental analysis... all ignored in the list?
this topic should be about helping beginners
No harm just my experience view , 1k to 600k it just a challenge for newbie how to set target , most people using % of profit and ignoring DD% (risk management) it will come bad result with 1k to achieve 600k ( trading psychology) ,some says if we set target 200 hours for training most people will exhaust & unmotivated .The result will different . or if the set target i to high then make low such 50-200k..
Forex is about accurate , confident , knowledge & experience . Lets say you do 1000 trades with USD10k profit or 10 trades with 10k profit - its totally different practice.
Using demo acc the psychology level is not too complicated - if we blow the account then just re deposit the fund..
Do H4 d1 Weekly analysis & Eco Calendar - is fundamental analysis
Using News/ Eco calendar set up at EA is possible . Set up variable parameter - on High Impact News -/Medium / Low Its will enable/disable the automation Trading (Robot) operation before news and after news release , Now days lots of EA in market has this feature.
Joha AL fath
Sep 16, 2019 at 05:08
In Fx trading the bonuses we get from our trading brokers practically cannot use in a proper way due to many restrictions. So, we have to choose the regulated trading broker, otherwise it is useless to have 100-200% bonuses which cannot use in a proper way due to many restrictions.
Sep 18, 2019 at 17:24
I have seen mostly brokers don’t allow scalping in their trading platforms. So we the traders who are particularly scalpers have to choose our broker carefully. First of all we have to ensure brokers trading spreads , actually without lowest trading spreads that’s not possible at all to make profit with certainly in spite of having good trading knowledge .
Sep 19, 2019 at 05:24
Read, research and learn. FX markets are really volatile and you have to be on toes to keep a track of price fluctuations and reasons for the same. Keep your yes and ears alert.
Practice hard on a demo acc , make trading plans and stick to them. Learn from your mistakes, avoid emotions while trading and most importantly, remaining calm.
At the end, you are responsible for your trades , so blaming your broker or destiny is not a good thing to do.
Practice hard on a demo acc , make trading plans and stick to them. Learn from your mistakes, avoid emotions while trading and most importantly, remaining calm.
At the end, you are responsible for your trades , so blaming your broker or destiny is not a good thing to do.
Mitglied seit Jun 30, 2017
27 Posts
Sep 19, 2019 at 08:07
Mohammadi posted:
I have seen mostly brokers don’t allow scalping in their trading platforms. So we the traders who are particularly scalpers have to choose our broker carefully. First of all we have to ensure brokers trading spreads , actually without lowest trading spreads that’s not possible at all to make profit with certainly in spite of having good trading knowledge .
Only MM (=Market Makers) broker would not allow scalping. Better avoid such brokers and search for real A-Book brokers with low trading costs.
Sep 20, 2019 at 12:20
In Fx trading, Choosing a right broker is very difficult task, because there are almost thousands broker in online retail Fx market and most of them are found to be scams. Regulated trading broker can be a great choice which for all time makes sure security of funds at any deposits with a wide range of trading technologies.
Mitglied seit Feb 22, 2011
4862 Posts
Oct 07, 2019 at 11:30
Roberto21 posted:Leverage is not an issue.
leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.
It is a tool which can be used properly or improperly.
Because bunch of werte abusing it as result there are ESMA and other regulations.
Because of these regulations people are moving from safe regulated enviroment to unsfafe unregulated enviroment. Which may result of complete loss of their deposit!
Oct 16, 2019 at 06:02
learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!
Oct 21, 2019 at 02:51
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
Oct 30, 2019 at 10:28
Roberto21 posted:
the most important trading tip , i think try to manage your money when trading in practical , only money management can change your trading life , otherwise no way to survive in here with successfully.
You got the point; really money management is the key; there is nothing like shortcut way. So, we can’t rely on any specific position; need to focus on the whole process!
Mitglied seit Mar 03, 2019
57 Posts
Oct 31, 2019 at 11:57
iDragonFly posted:good, sensible advice.
As a beginner, I think it would be fair if you trade with small amounts in cent accounts (after trading demo of course). with small amounts you taste the market in real conditions, you feel like how the revenge trading get started, letting losers run, entering trade without any plan (sl & tp etc...).
I have a newbie friend that he thinks he can't trade with small amounts like 100$ and I have told him it's a mindset and mental limit that you have put on your mind, it's not true because you don't see the amounts that you're trading with, it's the percentage that you're trading with, no matter 1$ or 1 billion dollar. if you're successful in trading with low amounts, you're also successful with large amounts and if you're not, no matter the size of your account, you can't be successful in the long term. so it doesn't matter with how much you start trading because only the net profit (in percentage of course) will give you the confidence to put larger amount into your account.
Money management is the most important key to long term successful trading. after that trading psychology and after that comes the knowledge of how to analyse the market!
But so many people put the last one first and think the most important thing in trading is how to analyse the market but the truth is you can't always be right and if you can't control your emotions and if you don't apply strict money management rules, you will end up destroying your accounts one after the other!
Mitglied seit Mar 03, 2019
57 Posts
Nov 02, 2019 at 15:20
Imamul posted:use demo first, then trade with small amounts is what i would advise.
for beginners before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.
