New in forex trading
Oct 09, 2018 at 10:16
voketexpert posted:.
Multi-demo accounts are a good idea.
You need persistent technique in a long time.
Remember the fatal factor, your mental.
Why is multi-demo account better than one demo account? I do not understand what benefit this could bring
Miembro desde Oct 09, 2018
posts 41
Oct 10, 2018 at 10:02
1. Focus on the Process and the Profits Will Follow
2. Trying Harder Is the Worst Thing You Can Do
3. Take Responsibility for Everything
4. When in Doubt, Do Nothing
2. Trying Harder Is the Worst Thing You Can Do
3. Take Responsibility for Everything
4. When in Doubt, Do Nothing
Oct 10, 2018 at 14:48
Knowledge is the key to success in Forex. There is nobody who can make success from here without knowledge . so we have to emphasis on acquiring real trading knowledge and we can get most powerful analyzing trade knowledge by passing a long time. Otherwise that’s not possible at all.
Oct 12, 2018 at 05:57
I have seen so many forex trader always consider high leverage at risk , but I don’t consider it at all. if there is any risk it is completely with non-sense planning and zero risk managing plan , nothing to do with high leverage at all.
Oct 19, 2018 at 05:39
yellowman94 posted:
1. Focus on the Process and the Profits Will Follow
2. Trying Harder Is the Worst Thing You Can Do
3. Take Responsibility for Everything
4. When in Doubt, Do Nothing
Point number 5 is, try to demo until you are consistent! Because I see, a number of new traders try to jump for live trading too early.
Miembro desde Aug 16, 2018
posts 11
Oct 24, 2018 at 07:37
AniLorak posted:yellowman94 posted:
1. Focus on the Process and the Profits Will Follow
2. Trying Harder Is the Worst Thing You Can Do
3. Take Responsibility for Everything
4. When in Doubt, Do Nothing
Point number 5 is, try to demo until you are consistent! Because I see, a number of new traders try to jump for live trading too early.
6. Patient and discipline are the key to make all the points go smooth.
forex_trader_538373
Miembro desde Jul 07, 2018
posts 108
Oct 26, 2018 at 09:15
My advice for new traders is make sure that you have enough knowledge and tools to trade this market. There is always a winner and a loser, just pick your side. You are the only one who has the control over your entries and exits. A very important point that helped me after I started was to split my capital into many different accounts and use different trading strategies. You cannot always win but you cannot always lose (unless you are really not made for this). Be patient, do not overtrade, analyze the market and watch out for high impact news releases.
I wish everyone a happy and safe trading, there is a lot of money to make on the Forex market but there is also a lot of money to lose. Be patient, be careful and ask for advice if you don't know how to trade this market.
I wish everyone a happy and safe trading, there is a lot of money to make on the Forex market but there is also a lot of money to lose. Be patient, be careful and ask for advice if you don't know how to trade this market.
Miembro desde Oct 26, 2018
posts 10
Oct 28, 2018 at 07:41
Keep trying. If you blow 4 demo accounts then try a fifth. You will never get anywhere without trying and persistance.
Miembro desde Jan 25, 2010
posts 1360
Oct 28, 2018 at 08:51
Before you start (or if you are still struggling in forex), please read this:
https://optimusfutures.com/tradeblog/archives/3-tips-to-trading-unpredictable-markets/
...and this:
https://optimusfutures.com/tradeblog/archives/how-to-look-past-your-trading-biases/
...and this:
https://dailypriceaction.com/articles/is-forex-trading-gambling
My suggestions:
- Don't trade with less than $10,000 (read: under-capitalisation)
- Don't open large positions when you start (read: over-leveraging)
- Don't believe ANYONE that claims they are an expert and can read the market and guarantee your returns! (read: scammers)
- Don't buy any system, product, course, materials, etc. that promises to make you a professional trader! (read: fantasies)
- Save your money for trading, not for products, systems, etc. (read: costs of doing business)
- There is no shortcut to success: read everything, learn, practice, adapt (read: study)
- Be prepared to lose, and be prepared to lose more than once. Only risk money you can afford to lose (read: failures)
- Have PATIENCE: if a trade is going against you, re-evaluate, but don't just close it because you are unsure or afraid. Have some tolerance to risk, to drawdown, to being wrong a little bit. The market is UNPREDICTABLE, news can happen and change the entire market dynamic in your favor. Manage the trade exit rather than simply closing a losing trade. Use higher timeframes.
- Lastly, DO NOT GIVE UP: success does not come easy, anything worthwhile is hard (read: determination)
https://optimusfutures.com/tradeblog/archives/3-tips-to-trading-unpredictable-markets/
...and this:
https://optimusfutures.com/tradeblog/archives/how-to-look-past-your-trading-biases/
...and this:
https://dailypriceaction.com/articles/is-forex-trading-gambling
My suggestions:
- Don't trade with less than $10,000 (read: under-capitalisation)
- Don't open large positions when you start (read: over-leveraging)
- Don't believe ANYONE that claims they are an expert and can read the market and guarantee your returns! (read: scammers)
- Don't buy any system, product, course, materials, etc. that promises to make you a professional trader! (read: fantasies)
- Save your money for trading, not for products, systems, etc. (read: costs of doing business)
- There is no shortcut to success: read everything, learn, practice, adapt (read: study)
- Be prepared to lose, and be prepared to lose more than once. Only risk money you can afford to lose (read: failures)
- Have PATIENCE: if a trade is going against you, re-evaluate, but don't just close it because you are unsure or afraid. Have some tolerance to risk, to drawdown, to being wrong a little bit. The market is UNPREDICTABLE, news can happen and change the entire market dynamic in your favor. Manage the trade exit rather than simply closing a losing trade. Use higher timeframes.
- Lastly, DO NOT GIVE UP: success does not come easy, anything worthwhile is hard (read: determination)
Miembro desde Oct 09, 2018
posts 21
Oct 28, 2018 at 08:51
Babypips school. First thing to do.
Oct 28, 2018 at 08:53
Kalamo posted:
My advice for new traders is make sure that you have enough knowledge and tools to trade this market. There is always a winner and a loser, just pick your side. You are the only one who has the control over your entries and exits. A very important point that helped me after I started was to split my capital into many different accounts and use different trading strategies. You cannot always win but you cannot always lose (unless you are really not made for this). Be patient, do not overtrade, analyze the market and watch out for high impact news releases.
I wish everyone a happy and safe trading, there is a lot of money to make on the Forex market but there is also a lot of money to lose. Be patient, be careful and ask for advice if you don't know how to trade this market.
You are absolutely right! New Forex traders should focus on their learning process! Forex trading is too much risky without proper trading knowledge & experience.
Nov 15, 2018 at 07:59
Newcomers always attacked by the greed and fall a great trouble when trading practically. We cannot avoid greed and emotions. Because this is a part of common human nature but we can be discipline which can support us to control greed and emotions.
Dec 03, 2018 at 12:27
There are a lot of things needed to be mentioned. Courses are good but most course providers haven’t actually traded. Half of them are just bringing clients to brokers to earn commissions. I prefer some trusted platforms https://fx-list.com/stock-forex-brokers. It is the best list to start without losing money. If you did find a neutral educator then great but most are not but will pretend they are. So I would say don’t waste too much time finding people to teach you.
Dec 16, 2018 at 09:03
For leading a secure and profitable trading life with certainly we the traders have to choose in regulated trading broker which guarantee their clients funds. Only regulated trading broker make sure security of funds at any deposits with a wide range of trading technologies.
Miembro desde Jul 20, 2020
posts 232
Aug 18, 2020 at 19:00
IF you are new in this market, you need to be very careful. First of all, be careful when you choose a broker for you. Than be careful when you make a plan for you \r trading to make profit.
Aug 21, 2020 at 07:17
New traders are usually very ignorant about the subject of trading, which is why they need to learn a lot. If he does not learn to trade, he may lose his entire deposit. So I always suggest new traders learn and join trading. There is a lot to learn in trading. New traders can do demo trading to gain basic knowledge. I used the demo account of Eurotrader at first to know the basics, Still, I am trading under this broker.
Aug 21, 2020 at 11:52
as newcomer Honestly speaking, if you want to get maximal result by scalping first of all you have to make sure lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time. Actually from all trading elements spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker.
