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New traders should be content

Feb 28, 2021 at 13:40
1,366 Views
35 Replies
Member Since Jul 19, 2020   298 posts
Feb 28, 2021 at 13:40
New traders should be content with 1-2% profit per month on average. This requires immense dicipline from newer traders who WANT to trade and be involved. I suggest newer traders should set up 2 accounts and use one account as gambling account to satisfy these urges to trade and test new ideas out.
Member Since Jul 19, 2020   751 posts
Feb 28, 2021 at 14:08
Every trader at their 1st account tries to get a performance equal to their demo account. Well, there is a huge difference between demo and real accounts, don't try to match the performance just look to preserve your capital. If you can do that I guarantee by the 5-6 month your performance will be better than the interest your money earns in banks and how the markets perform.
Member Since Jul 19, 2020   788 posts
Feb 28, 2021 at 14:43
I think new traders should do demo trading first. If he can develop a strategy by trading a demo, he can get some good rewards from trading.
Member Since Jul 23, 2020   759 posts
Mar 01, 2021 at 04:16
AliaDare posted:
I think new traders should do demo trading first. If he can develop a strategy by trading a demo, he can get some good rewards from trading.
Demo is a risk-free account. Always start trading with demo account.
Member Since Dec 11, 2020   110 posts
Mar 01, 2021 at 12:05
You have to understand that human nature are selfish and wanting more, so they are never satisfied and will hope and aim to reach higher and hoping to achieve more than they can.
Member Since Sep 12, 2017   238 posts
Mar 06, 2021 at 10:30
That is correct 1-2% is enough..that should be the target.
Member Since Aug 11, 2017   886 posts
Mar 08, 2021 at 08:14
Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , over trading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.
Member Since Feb 16, 2021   29 posts
Apr 12, 2021 at 07:58
A newcomer to this market should clearly understand that drawing up a trading plan gives him a very good opportunity to be confident in his abilities.
Member Since Apr 25, 2020   119 posts
Apr 13, 2021 at 10:13
If the beginner sticks to the key points, then he will achieve good results.
Member Since Mar 28, 2021   617 posts
Apr 13, 2021 at 11:52
The problem with beginners that either they have been told that trading is easy or they think themselves that trading is easy. Thus they never feel the urge in deep learning.
Member Since Apr 01, 2020   231 posts
Apr 14, 2021 at 01:22
For a new trader, it is a must for him to follow the rules of the market and must start practicing over a demo account and should develop a trading strategy and should test it with demo trading and if it works he can go forward with it to make a profit with real trading.
Member Since Mar 16, 2021   477 posts
Apr 14, 2021 at 02:24
I have to make a separate plan for each trade. If my plan is right, I have to maintain discipline and participate in the trade. I try to earn 10% monthly. And does not take more than 2% risk for a trade.
Member Since Jun 17, 2020   7 posts
May 14, 2021 at 11:15
Yes, it is anyway difficult to make money. Keeping the expectations low is a good thing for beginners.
Setting up 2 accounts is a very good tip, especially for beginners who are unsure about how to get started in the market. Even making 1 to 2% profit can be a target.
Member Since Sep 24, 2020   17 posts
May 17, 2021 at 14:47
Well let's just say if you want to pamper then it's better do it on a demo account. In order not to lose that 1-2% profit per month when testing new strategies.
Member Since Jul 19, 2020   788 posts
May 17, 2021 at 17:28
Akasuki posted:
The problem with beginners that either they have been told that trading is easy or they think themselves that trading is easy. Thus they never feel the urge in deep learning.
Yes, new traders think a forex is a money-making machine so they refuse to make a profit. Plan and discipline can make trading profitable.
Member Since Mar 16, 2021   477 posts
May 18, 2021 at 00:15
Money management is very important in trading. If money management is followed with the plan, it will be difficult to make a profit.
Member Since Apr 01, 2020   231 posts
May 18, 2021 at 00:31
Yes, difinitely 1-2% is good and it should be target for every new trader.
Member Since Aug 05, 2019   50 posts
May 18, 2021 at 09:08
1-2% sounds really reasonable, and actually quite effective
Member Since Oct 16, 2020   137 posts
May 18, 2021 at 11:19
Definitely, 1-2% is good for a new trader. However, Demo trading is very important for every trader. So please demo trade for a good amount of time before you go live.
Member Since Jul 19, 2020   751 posts
Jun 26, 2021 at 11:19
Suggestion for newbie traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader should have.
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