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Help me i am a newbie

johnnathan
Sep 17 2017 at 08:57
9 posts
Hi,
As a Newbie You need to start trading with a demo account practice on it and then move to live account with moderate leverage and minimum deposit.

Mohammadi
Sep 17 2017 at 11:14
852 posts
The newcomers need a proper guidance to keep survive in this volatile trading place , in order to me I think ForexPaceArmy , EarnForex and Baybypips school can be a great source for the new traders to acquire most powerful analyzing basic knowledge which is very supportive to continue a live trading in a proper way.

TopMasterTrader
forex_trader_[264513] ()
Sep 19 2017 at 07:16
6 posts
Mohammadi
Sep 21 2017 at 14:27
852 posts
the First step for newcomers should be used demo trading but I have seen so many traders don’t believe the importance of this trading place at all. so instead of demo trading it would be better to kick off a live account with small balance because of consternation.

mohideen171 (mohideen171)
Sep 22 2017 at 07:11
21 posts
hi mohammad. yes you are right. it is important of starting with small or demo account. Even now i am testing with demo account to try my strategy.

Admoni
Sep 24 2017 at 06:44
95 posts
The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.

togr (togr)
Sep 25 2017 at 07:18
4862 posts
Admoni posted:
The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.


Exactly they need to practice and trade carefully

mohideen171 (mohideen171)
Sep 26 2017 at 06:22
21 posts
Beginners should first emphasis on money management. They should learn to lose little by using stop-loss and develop the confidence to gain more. its an art and habit one has to develop according to their personality.

togr (togr)
Sep 26 2017 at 14:26
4862 posts
mohideen171 posted:
Beginners should first emphasis on money management. They should learn to lose little by using stop-loss and develop the confidence to gain more. its an art and habit one has to develop according to their personality.


Money management is important

But the most important is to learn entry exit points so the trades are profitable

mohideen171 (mohideen171)
Sep 26 2017 at 14:51
21 posts
togr posted:
mohideen171 posted:
Beginners should first emphasis on money management. They should learn to lose little by using stop-loss and develop the confidence to gain more. its an art and habit one has to develop according to their personality.


Money management is important

But the most important is to learn entry exit points so the trades are profitable


Yes entry and exit points are important. But as a new trader they leverage too much and lose money. So first they should know how to safe guard their equity. Then fine tune the entry and exit based on their probability of success rate.

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