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New in forex trading
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Jul 10, 2018 at 10:54
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Beginners levee generally attacked by greed when trading above all with a large account , so i always prefer micro account for that. no chance to reduce greed completely but of course it can be controlled.
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12 ieraksti
Jul 19, 2018 at 07:01
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12 ieraksti
What about using demo? Have you tried that or did you start on micro?
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886 ieraksti
Jul 19, 2018 at 10:54
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886 ieraksti
In Fx trading there are many mandatory things that we have to ensure if we want to get maximal result from our trading . first of all when we newcomers have to move Babypips school to acquire real trading knowledge and also trade in a demo account at any broker, but practically mostly traders don’t believe the importance of this trading place at all. as a result they fall a great loss when trading practically.
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427 ieraksti
Aug 03, 2018 at 07:01
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427 ieraksti
A mandatory thing to do when you are a novice trader is a Demo account, no matter how long you'd remain there.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.
Accept the loss as experience
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994 ieraksti
Aug 13, 2018 at 10:36
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994 ieraksti
TiffanyK posted:
A mandatory thing to do when you are a novice trader is a Demo account, no matter how long you'd remain there.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.
Well said; I agree with your guidelines! But I see, a number of new traders are too hurry. As a result, they start the real trading so early that brings balance crushed.
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11 ieraksti
Aug 14, 2018 at 10:39
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11 ieraksti
I demo for a year and still had my account crushed after that. Maybe there is no good time to go real account
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10 ieraksti
Aug 16, 2018 at 14:06
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10 ieraksti
LeadPellet posted:how you were performing in your demo account??
I demo for a year and still had my account crushed after that. Maybe there is no good time to go real account
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31 ieraksti
Aug 29, 2018 at 08:55
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31 ieraksti
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand
Hey, If you still want to learn about forex trading the do these things:
- Participate in forum discussions
- Watch trading video
- Join groups in social media and start discussions
- Initial stage start trading from the demo account
- Read trading strategy and tips on different websites
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11 ieraksti
Aug 29, 2018 at 11:57
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11 ieraksti
JamesAnderson posted:wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand
Hey, If you still want to learn about forex trading the do these things:
- Participate in forum discussions
- Watch trading video
- Join groups in social media and start discussions
- Initial stage start trading from the demo account
- Read trading strategy and tips on different websites
Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.
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10 ieraksti
Aug 29, 2018 at 14:18
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10 ieraksti
GreenTrades posted:
Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.
Those are good beginner sources but be careful not to take the strategies etc. too seriously. Get the basics and then move on to more advanced methods. None of the simple strategies they use will work
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994 ieraksti
Aug 30, 2018 at 06:43
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LikeMustard posted:GreenTrades posted:
Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.
Those are good beginner sources but be careful not to take the strategies etc. too seriously. Get the basics and then move on to more advanced methods. None of the simple strategies they use will work
Yes mate, learning is a keep continuing process; new traders need to start from the basic & move on the advance level. Whatever; there is no shortcut way of learning.
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12 ieraksti
Sep 25, 2018 at 08:02
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12 ieraksti
LikeMustard posted:Well said! learn as much as you can then try to create your own startegy rather than copying others.GreenTrades posted:
Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.
Those are good beginner sources but be careful not to take the strategies etc. too seriously. Get the basics and then move on to more advanced methods. None of the simple strategies they use will work
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9 ieraksti
Oct 03, 2018 at 11:57
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9 ieraksti
If you are just starting out, you should definitely start learning how to trade manually at first.
Once you are able to show consistent profits, then you can start out trying different strategies and styles of trading, such as automated trading.
When you rely on trade automation from the start, you never really develop an understanding of trading. That's why you should start by trading manually.
Once you are able to make a profit for at least 6 months minimum, then you can call yourself a profitable trader and move on from there. This guide is pretty helpful:
https://groundfinance.com/getting-started-with-forex-trading/
Remember, don't rush anything when you are just beginning. It's definitely not a race to the finish line.
Once you are able to show consistent profits, then you can start out trying different strategies and styles of trading, such as automated trading.
When you rely on trade automation from the start, you never really develop an understanding of trading. That's why you should start by trading manually.
Once you are able to make a profit for at least 6 months minimum, then you can call yourself a profitable trader and move on from there. This guide is pretty helpful:
https://groundfinance.com/getting-started-with-forex-trading/
Remember, don't rush anything when you are just beginning. It's definitely not a race to the finish line.
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785 ieraksti
Oct 04, 2018 at 10:10
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785 ieraksti
Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!
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9 ieraksti
Oct 04, 2018 at 12:49
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What is sentimental analysis anyway? I thought that there was only fundamental and technical. Where can I learn sentimental analysis?
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16 ieraksti
Oct 05, 2018 at 10:15
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16 ieraksti
I agree with @Imamul.
@RampUpToForex
Sentimental analysis is kind of analyzing the feeling how other traders react on particular pair. It's important to consider Sentimental analysis with other analysis in your trading. you can learn more in this good article: https://www.forexpeacearmy.com/r/forex-articles/95/forex-sentiment-analysis
@RampUpToForex
Sentimental analysis is kind of analyzing the feeling how other traders react on particular pair. It's important to consider Sentimental analysis with other analysis in your trading. you can learn more in this good article: https://www.forexpeacearmy.com/r/forex-articles/95/forex-sentiment-analysis
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920 ieraksti
Oct 05, 2018 at 10:19
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RampUpToForex posted:
What is sentimental analysis anyway? I thought that there was only fundamental and technical. Where can I learn sentimental analysis?
Use the search option of this forum, you can also apply this method on all of popular forum, I see there have enough numbers of good threads already.
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25 ieraksti
Oct 07, 2018 at 06:01
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Multi-demo accounts are a good idea.
You need persistent technique in a long time.
Remember the fatal factor, your mental.
You need persistent technique in a long time.
Remember the fatal factor, your mental.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
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886 ieraksti
Oct 08, 2018 at 18:42
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I have seen many of us especially the newcomers don’t believe the importance of demo trading, but this is the master place to lean basic fundamental live trading knowledge which is very supportive to continue a live account in a proper way. My trading career I always use all my trading techniques in demo account to see the performance how it works.
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785 ieraksti
Oct 09, 2018 at 06:13
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The traders who are particularly beginners first of all have to move on demo trading which is the primary source to acquire exact basic information which is very supportive to continue a live account in a proper way. but mostly traders don’t believe the importance of this trading place at all and kick off a live trading without demo . ultimately they come loser due to lack of real trading experience.
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