New to trading

Oct 10 at 05:11
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11 Replies
會員從Oct 10, 2024開始   1帖子
Oct 10 at 05:11
Asalamu Aleykom, I'm very new to trading. Where do I start? Thank you in advance!

Regards,

Guz1
會員從Mar 02, 2015開始   99帖子
Oct 10 at 05:38
وعليكم السلام
*Не следует множить сущее без необходимости ** «Бритва Оккама»
會員從Oct 16, 2024開始   17帖子
Oct 16 at 06:25
Hey there! Welcome to the world of trading! It can be a bit overwhelming at first, but here’s a simple way to get started:

Learn the Basics: Check out forums, books or online courses to get the hang of things. There’s a lot to learn about how markets work and how to analyze them.

Pick Your Market: Decide if you want to trade stocks, forex, crypto, or something else. Each has its own vibe.

Try a Demo Account: Most brokers have demo accounts where you can practice trading without any real money. It’s a great way to get comfortable with the platform.

Make a Trading Plan: Think about what you want to achieve, how much risk you’re okay with, and what strategies you want to use.

Start Small: When you go live, start with an amount you can afford to lose. No need to go all in right away!

Stay Disciplined: Stick to your plan and try not to let emotions take over. Trading can be a rollercoaster!

Join the Community: Engage with other traders, ask questions, and share your experiences. It’s super helpful!

Remember, it’s all about patience and learning as you go. Good luck, and enjoy the ride!

In trading, knowledge is power; in practice, patience is key.
會員從Oct 17, 2024開始   16帖子
Oct 18 at 08:01
Everyone starts somewhere, so you're not alone here. Just like above mentioned, you have to start learning the basics and then from there, you will be able to decide to what to go ahead. Trading is a long-term game, so you have to make sure to stick with your plan.
會員從Mar 02, 2015開始   99帖子
Oct 19 at 06:14
An important part of trade is the workplace - visualization is important.!!
*Не следует множить сущее без необходимости ** «Бритва Оккама»
會員從Oct 16, 2024開始   15帖子
Oct 21 at 08:12
Hey there! Welcome to trading! I’ve found Myfxbook to be a fantastic forum for learning and discussing strategies. It’s a great community to connect with others and share insights. Enjoy the journey!
會員從Oct 16, 2024開始   15帖子
Oct 21 at 10:34
Did you consider trying out demo trading? That would be a great start.
會員從Oct 16, 2024開始   15帖子
Oct 22 at 11:44
If you’re serious about trading, take the time to educate yourself, practice with a demo account, and create a solid trading plan to set yourself up for success before diving into the market.
會員從Sep 08, 2020開始   38帖子
Oct 24 at 05:16
I'd say a great place to start is by learning the basics, for example, things like how the market works, managing risk, and using technical analysis etc. There are plenty of online resources for this - youtube, blogs, free courses and more. Once you're starting to get comfortable, the next step is to open a demo account with brokers that offer islamic accounts like Fxview, AvaTrade and Tickmill. And then gradually make your way to start small with a live account to get some experience.
會員從Mar 02, 2015開始   99帖子
Oct 24 at 10:08
Or start right away with a ready-made Trading System)
*Не следует множить сущее без необходимости ** «Бритва Оккама»
會員從Aug 28, 2024開始   31帖子
Oct 24 at 12:13
I think one who are new to trading, should start by watching videos and learning from ebooks and most importantly should engage in community, to get an overall idea and receive valuable suggestions. Personally, I followed this approach and am now part of a community called TSC,, its really helpful for me. Do you know anything about it?
All in for Success
會員從Oct 21, 2024開始   16帖子
Nov 13 at 05:58
Starting with trading can be exciting but also overwhelming. Begin with the basics: learn key concepts like risk management, market trends, and the different types of trading strategies. It’s a great idea to practice with a demo account first—it allows you to get comfortable without risking real money. When you're ready, explore beginner-friendly assets like major currency pairs in forex or top cryptocurrencies, as they’re typically more stable. Good luck, and take it one step at a time.
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