New Trader
Mar 17, 2021 at 11:42
Imamul posted:Agree with you. Beginners should do demo trading for a few months so that they gain familiarity with the platform and when they have gained some confidence they can go live.
i dont support any kind of live trading for the traders who are particularly newcomers. because this approach can make beginners emotional and greedy.
Member Since Mar 17, 2021
536 posts
Mar 17, 2021 at 18:40
PeteLanceley posted:Yes. I agree with you. every new trader should practice on a demo account before starting live trading.
Make sure that you practice on demo until you are confident.
You can learn on sites such as YouTube, or Babypips for free.
Mar 18, 2021 at 07:00
dalbamou posted:I agree with your advise.
Hi Paulo, my advice is not to use bots to 'scalping', brokers do not like it and you will end up losing money. Try to look for short / medium term bots, which have at least 20 pips of profit.
The more your practice, the more you learn.
Member Since Apr 14, 2019
10 posts
Mar 18, 2021 at 14:14
Dictiony posted:
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Welcome to the forex world. Speaking on experience and please have an open mind.
Focus more on the psychological aspect. Suprising trading is extremely simple, we as humans complicate it beyond belief. A quick babypips course is enough along side some tweak as time goes on to your trading method.
Also regarding demo accounts. Use these to test and get used to placing orders. Such as how different order types work such as limit and market orders, stop loss and take profit. Once your confident 'go live' with real money. Preferable with a cent account. $10 gets you 1000c and trade that as it will train your psyche which is the most important factor in my opinion.
Hope this helps
Consistency Starts Here
Member Since Apr 14, 2019
10 posts
Mar 19, 2021 at 10:28
Dictiony posted:
As a new trader, you should do your trade manually and not use robots.
Of course, you are correct.
A. robot wont gain you any experience in the markets.
Consistency Starts Here
Member Since Jul 23, 2020
869 posts
Mar 19, 2021 at 17:42
Dictiony posted:Right. I also agree. New traders should know the market first before auto trading.
As a new trader, you should do your trade manually and not use robots.
Member Since Mar 16, 2021
477 posts
Mar 21, 2021 at 02:32
dalbamou posted:Yes, I agree with you. I use any strategy but if I can't implement that strategy properly on the platform, it has no value.
Hi Paulo, my advice is not to use bots to 'scalping', brokers do not like it and you will end up losing money. Try to look for short / medium term bots, which have at least 20 pips of profit.
Mar 21, 2021 at 17:16
Dictiony posted:Yes, your idea is correct. I think it is never possible to survive in trading without knowledge. New traders will therefore have to gain experience by practicing the demo first.
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Member Since Mar 16, 2021
477 posts
Mar 24, 2021 at 01:04
Beginner traders should acquire trading education attentively. If trading education is not achieved properly, making a profit will be much more complicated.
Member Since May 27, 2021
64 posts
Sep 28, 2021 at 11:20
'Learn and Earn' is the biggest rule of thumb of this forex market.
Sep 29, 2021 at 15:24
WaltonCharles posted:Of course, education is very important in trading. You can't survive in this market without knowledge.LukeRachel posted:Education is the mandatory thing in this market to make money.
Beginner traders should acquire trading education attentively. If trading education is not achieved properly, making a profit will be much more complicated.
Member Since Mar 16, 2021
477 posts
Sep 29, 2021 at 15:57
Alexthetrader posted:Yes, it is the responsibility of every trader to acquire trading education.
'Learn and Earn' is the biggest rule of thumb of this forex market.
