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FX Trading Tips

Jan 13, 2011 at 11:12
5,535 Views
60 Replies
Member Since Jul 19, 2020   788 posts
Feb 03, 2021 at 00:58
I like money management and risk management very much. It plays a vital role in my success.
Member Since Aug 11, 2017   886 posts
Feb 03, 2021 at 08:10
the leverage always works as a killer. Because the traders we have always fall a great loss by using leverage especially when high ration. But sometimes it brings profit very rapidly when there is real trading plan with great risk management approach. Actually forex market is too much risky and volatile. Risk is everywhere and from all trading elements leverage always contains more risk. so before trading with leverage we have to make sure how to manage risk in Fx.
Member Since Aug 09, 2017   785 posts
Feb 04, 2021 at 11:05
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
Member Since Nov 19, 2020   104 posts
Feb 05, 2021 at 11:59
Imamul posted:
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
Yes, that's a major part to check. Also, checking on the broker's regulation is a must, what do you think?
Member Since Nov 16, 2020   55 posts
Feb 10, 2021 at 10:45
If you want to avoid undesirable consequences, you always need to study and check everything.
Member Since Nov 17, 2020   19 posts
Feb 16, 2021 at 10:43
Imamul posted:
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
You’re right and I guess the brokers that support scalping offer ECN accounts. The scalpers this way can be able to view the statistics on positive and negative slippage on their platform’s statistics page.
Member Since Aug 11, 2017   886 posts
Feb 20, 2021 at 05:34
beginners not willing to serious in demo , no emotions and real money in here for that , so  they can participate in demo trading contest. its minimum better than as usual trading 
Member Since Apr 18, 2017   718 posts
Feb 21, 2021 at 09:28
washing video is good , i agree , but it not works at all for long term , more appropriate is to read articles about topics any.
Member Since Nov 19, 2020   104 posts
Feb 22, 2021 at 06:25
Shelby10 posted:
If you are new in this market, You need to have proper knowledge and experience about the market. Without any knowledge, you can not survive in this risky market.
That's the most important part though. One stands nowhere if he's unclear about what the market is about.
Member Since May 24, 2020   112 posts
Mar 28, 2021 at 11:29
I would not advise taking risks that are not justified and with which you could not cope due to lack of experience and practice
Member Since Aug 11, 2017   886 posts
Apr 17, 2021 at 07:37
instead of demo i right now i am busy with micro account which really supportive to ensure real trading experience. its my own experience
Member Since Aug 27, 2017   994 posts
Apr 17, 2021 at 09:37
micro account is good but sometimes any kind of live account can make beginners emotional and greedy.
Member Since Jul 23, 2020   759 posts
May 10, 2021 at 00:38
Adribaasmet posted:
micro account is good but sometimes any kind of live account can make beginners emotional and greedy.
I also agree. After demo practice trades should use this type of account with low capital.
Member Since Aug 27, 2017   994 posts
May 10, 2021 at 16:15
emotions only things that can make you loser in real life even trading life. generally we traders choose with our broker emotionally . and trade emotionally most of the time.
Member Since Aug 11, 2017   886 posts
May 11, 2021 at 09:14
as a beginner if we cant take losses as a regular part it will be a great problem , because loss is a thing that we the traders of course have to face because its a very common thing .  
Member Since May 27, 2021   8 posts
Jul 05, 2021 at 11:13
Risk management is really helpful if you pay close attention to it in the beginning. Pairing it with money management is a very good strategy for every trader.
Member Since Jul 23, 2020   869 posts
Aug 07, 2021 at 15:13
A new trader should not rush to real trading. Instead spend more time in the demo.
Member Since Aug 09, 2017   785 posts
Aug 09, 2021 at 06:53
you can start with learning first above all from psychology of school. go through this educational site minimum for 2 times . it will bring awesome knowledge with live experience.
Member Since Aug 05, 2021   401 posts
Aug 18, 2021 at 15:38
Good tips! I think you mentioned some of the most important factors for each category.
Member Since May 25, 2020   20 posts
Sep 01, 2021 at 19:42
Great tips. They will be helful to every newbie to avoid losing lots of money and blowing their budgets. Especially, trading journals are of great importance. I believe that it is the only way to track dow your mistakes and correct them in order to make your decision-making process more accurate and precise.
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