For Newbie
Oct 19, 2020 at 06:50
For newbie small capital is good. Actually what I think is when you start forget about capital and profit. Focus on knowledge and skills. Most traders make this mistake, they focus on profit at the first hand. They don't realize that forex trading requires specific knowledge and skills. I would recommend to study and research as much as possible.
Mitglied seit Aug 17, 2020
123 Posts
Oct 21, 2020 at 18:27
Definitely, I agree with both of you. Trading is portrayed as a way to get rich quick way too often, but we need to be careful and not let greed dictate our decisions.
Oct 22, 2020 at 06:26
Wreeves posted:Agreed, sufficient time should be given to learning, research and demo trading in the beginning, however, that time period can vary for all I guess.
First year of trading should be all about learning and demoing. I would not consider trading for profit until after that
Mitglied seit Jul 20, 2020
232 Posts
Oct 22, 2020 at 20:47
Most of the new traders lose their investment because of picking the wrong strategy. So, try to pick the suitable and right strategy according to your trading plan.
Mitglied seit Jun 05, 2020
33 Posts
Oct 23, 2020 at 11:19
Stress upon learning and practicing, that's a must for a newbie, atleast for some initial years of trading.
Oct 27, 2020 at 06:29
Michihito posted:
For newbie small capital is good. Actually what I think is when you start forget about capital and profit. Focus on knowledge and skills. Most traders make this mistake, they focus on profit at the first hand. They don't realize that forex trading requires specific knowledge and skills. I would recommend to study and research as much as possible.
Well said, People focus more on profits than enhancing their knowledge base. A better thing is to pay more attention on learning and practicing than on profits, profits will automatically flow if your concepts, strategies are right.
Mitglied seit Jul 20, 2020
298 Posts
Oct 28, 2020 at 01:12
Of course, small capital is needed to reduce losses. When a trader joins new trading he has less knowledge about trading. In this case, if he is given a big investment, he is more likely to lose that investment. So a new trader needs to acquire a lot of information and knowledge.
Oct 28, 2020 at 09:12
The most important thing is not to chase big profits, but it is better to start, say, with a minimum deposit of $ 100, like with the Amarkets broker, and then this will give you the opportunity to earn a little in case of successful trading, and you will not mind losing if you have to go through such an experience.
Mitglied seit Jul 09, 2020
34 Posts
Oct 30, 2020 at 10:50
Shelby10 posted:True. For safety of your funds, it is wise to go with regulated ones.
New traders should pick a regulated broker for them. Wrong brokers can put them in a great danger.
Mitglied seit Jul 19, 2020
318 Posts
Oct 30, 2020 at 11:07
Besides a regulated broker, a trader should choose the best strategy to make profit from the market.
Mitglied seit Mar 16, 2020
54 Posts
Oct 31, 2020 at 10:00
for a new trader the first priority should be the knowledge about trading and the practical learning.
Mitglied seit Jul 20, 2020
341 Posts
Nov 02, 2020 at 11:38
Every new trader should be very serious about their trading. They should make a good and solid trading plan to make profit from this market.
Nov 03, 2020 at 06:54
ElliotCooke posted:Yes! If they want to make a profit, then they should really take their forex trading very serious.
Every new trader should be very serious about their trading. They should make a good and solid trading plan to make profit from this market.
Nov 03, 2020 at 07:10
ddarko3 posted:ElliotCooke posted:Yes! If they want to make a profit, then they should really take their forex trading very serious.
Every new trader should be very serious about their trading. They should make a good and solid trading plan to make profit from this market.
Correct. Forex is no quick way to get substantially rich. We have to work hard for it.
