New Trader

Jan 25, 2021 at 23:05
2,309 Views
48 Replies
Member Since Jul 27, 2020   102 posts
Oct 07, 2021 at 10:43
no_frame posted:
A new trader's first step is to learn about the forex market and consider demo trading the key of practising.
Agreed! Also, it is important to keep in mind that you cannot expect to make a profit in overnight. You will need lots of determination and practice to constantly keep up on your trade.
Member Since Aug 05, 2021   401 posts
Oct 12, 2021 at 17:30
Personally I don't really like to use robots because I just don't trust it. Of course, I do think there are some legit ones out there so a lot of research and verified user reviews would make me feel more confident if I were to decide to use one.
Member Since Jul 03, 2021   18 posts
Oct 14, 2021 at 04:45
Every new trader should start with demo trading, It will helps to lean and develop trading skills. when you feel have good knowledge of trading then you can start live trading. It will reduce the risk of loss.
Member Since Feb 08, 2019   57 posts
Oct 17, 2021 at 16:16
djstick posted:
Hello everyone, as the title says I'm new to trading. I have been studying relentlessly over the past few weeks everything I can about trading. I am familiar with most technical terms, software and the best brokers out there to begin my trading career such as XM or FBS but I'm afraid my lack of experience will lead me to a black hole and end up losing my hard earned money, so I decided that for now I should get a nice and reliable robot to start my trading life while I continue to develop my trading skills. I've been googling for robots for a few days now and so far I have my target set on 3 but I still have doubts if they are legit or scams. I've heard that there are a lot of scam robots these days and life has taught me to be pragmatic and critical when the offer sounds too good to be true. They are EA PIP Scalper, GPS Robot and AlgoFX. I know that GPS and Algofx are the top most followed systems on this website so that is a relief but still I wanted to hear input from the most experienced guys out there what are their thoughts about this. Any experience trader could help me with that? Much appreciated. Have a nice day and good profits to you all.

Robots can be very nice, but never lose sight of the fact they still hold risk of losing your money
Member Since Jul 19, 2020   751 posts
Nov 06, 2021 at 11:52
Robot doesn't work all the time. It's only work for a certain period. Robot is made with certain strategy. So like any other strategy it also need to update every now and then.
Member Since Jun 26, 2020   327 posts
Dec 23, 2021 at 07:18
the new Forex trader always try to bring profit with no learning , they think its a place to bring profit very rapidly but of course you must learn first of all. otherwise trading can be useless. thank you
Member Since Sep 29, 2020   11 posts
Dec 23, 2021 at 19:52
Unfortunately, nobody can solve your problems for you in trading.
The thing is that there is much individual in trading. As they say, one man's meat is another man's poison, so, all of the traders have different experience and preferences, therefore, you should take every piece of advice really carefully and give everything the benefit of the doubt. You'd better start with demo account and test the trading strategies which you come across online in order to avoid wasting money on trash.
Member Since Dec 13, 2021   32 posts
Dec 29, 2021 at 06:16
A new forex trader should begin forex trading by learning about the market, technical analysis, and trading strategies.
Member Since Mar 19, 2021   9 posts
Jan 07, 2022 at 19:22
If you are new to trading, you'd better not start with trading bots and algotrading. You shouldn't have the illusions that trading bots are able to become the source of passive income, They should always be controlled because of the fact that they can ruin your budget very easily and fast. More than that, there is no perfect trading bots in the world. Every robot has its own pecularities and weaks and strong point. An algotrader shouldunderstand those characteristic features and take decisions accordingly. The best way is to build the trading bots on your own in order to have a clear cut idea of what their good and bad points are and how to modify them in line with your trading strategy and with your own perception of trading.
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