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Beginners Capital
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PitCarry

Member Since Aug 16, 2019  8 posts PitCarry Aug 26 at 18:04
AmDiab posted:
steve_25 posted:
Absolutely .a beginners focus in the beginning should be more on learning the basics of forex trading rather than anything else. Starting off with a demo account is the best way as he can familiarise himself with the trading platform , its features , how to buy and sell and avoid mistakes on a real account in future. Also, demo account is a great way to test your strategies . You can put your strategy to test and see if it requires some changes to achieve your financial goal. So use a demo account for as long as you want . Once you feel confident enough , you can use a real account and demo account simultaneously to see what works how .


Thanks, that’s the procedure; basically, which traders try to make money too early they mostly, lose their real money so fast!


If you think Forex is a get rich fast scheme then think again. Slower learning and trading is key to success. Take time and be cautious

Imamul

Member Since Aug 09, 2017  393 posts Imamul Aug 27 at 14:01
practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.

Roberto21

Member Since May 02, 2019  147 posts Roberto21 Aug 29 at 13:11
initial capital how can irrelevant i don't know . according to me, its much important , any smart initial amount can make you more confident when trading in practical. so we cant avoid the importance of this at all.

AniLorak

Member Since Apr 18, 2017  813 posts AniLorak Aug 29 at 14:59
Roberto21 posted:
initial capital how can irrelevant i don't know . according to me, its much important , any smart initial amount can make you more confident when trading in practical. so we cant avoid the importance of this at all.


Basically; new traders need to invest according to their own capacity; but of course without any hard money; it will add more headache!

AmDiab

Member Since Apr 18, 2017  590 posts AmDiab Sep 28 at 18:31
Imamul posted:
practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.


Basically; using big demo account looks like meaningless; because it reduces the percentage of traders concentration on learning!

Imamul

Member Since Aug 09, 2017  393 posts Imamul Nov 26 at 08:07
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  

Adribaasmet

Member Since Aug 27, 2017  739 posts Adribaasmet Nov 30 at 15:24
Imamul posted:
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  


In trading analysis; traders need to have both type of trading knowledge; yes I am talking about the technical & fundamental analysis!

Saithidor

Member Since Sep 20, 2019  3 posts Saithidor Dec 03 at 18:14
Newibies should start with demo for 2-3 weeks and then move to the real trading. But no one can say the actual amount of the first deposits, as it depends on the total newbie's net worth. The golden rule is 'don't invest more money, that you're ready to lose', so newbies should just follow it :)

Baazex

Member Since Oct 24, 2019  45 posts Baazex Dec 04 at 10:07

New traders are advised to start with demo trading account once you excel in trading knowledge and all the technicalities you can move forward live trading and start trading with capital



Bernfeld

Member Since Dec 04, 2019  11 posts Matthew (Bernfeld) Dec 04 at 10:09
Start with the amount that you will not regret to lose. At the very beginning, do not use leverage.

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EURUSD 1.11362 GBPUSD 1.32052
USDJPY 108.642 USDCAD 1.31652

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.