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Professional trading tips for beginners
Member Since Jan 13, 2021
25 posts
Jan 20, 2021 at 19:32
This is a good post for beginners.
Member Since Jul 20, 2020
385 posts
Jan 21, 2021 at 14:57
FedericoLin posted:posted:
1. Leave your emotions behind;
Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses
2. Never follow the crowd;
Be fearful when others are greedy, be greedy when others are fearful”
Oftentimes market hype is brought about by the media creating buzz around some financial news that were not yet thoroughly analyzed. At these moments, it is very hard not to jump on the bandwagon of overexcited traders and start buying stocks that everyone is talking about.
Later, when it turns out that this was nothing but a hype, you don't want to be one of those traders who are struggling with selling the stocks for close to nothing when the hype is over. The best example to illustrate Buffett's quote would be the notorious Dotcom crash that left countless number of traders with devalued stocks.
3. Trading is not only about graphs
Everyone would agree that investing involves much more than simply buying some stocks. Indeed, by entering the world of trading we involuntary delve into politics, economy, ecology and financial markets, learning more about what is going on in the world than we would ever expect.
But the trick is that it works the other way around just as well: the more you know about the world, the better you invest. That's why when you are thinking about making a new investment into a company, try to analyze their business as thorough as you can. The time you invest in this step will pay off later.
When analyzing a graph, never neglect the news section that goes together with it. Lots of important information can be hidden there.
Guys pay attention to the news 😄
Really nice read, thank you
Member Since Jan 22, 2021
126 posts
Jan 25, 2021 at 12:09
I will recommend some of the points:
1. never copy someone’s trading style
2. keep patience while starting, Rome was not built in a day
3. keep yourself updated with the current market trends
4. gain knowledge by reviewing educational content about forex from the internet
5. do your SWOT analysis, where do you stand before the market and then go ahead.
1. never copy someone’s trading style
2. keep patience while starting, Rome was not built in a day
3. keep yourself updated with the current market trends
4. gain knowledge by reviewing educational content about forex from the internet
5. do your SWOT analysis, where do you stand before the market and then go ahead.
Member Since Jul 23, 2020
816 posts
May 03, 2021 at 21:13
Don’t trade with other traders’ suggestions. Use your own judgment.
Member Since Mar 16, 2021
447 posts
May 04, 2021 at 00:56
Indeed, it is not possible to gain trading profit without giving up emotion. Emotional trading can ruin an investment.
May 06, 2021 at 10:40
Akasuki posted:
I would suggest to every newbie that focus on developing analysis skills, psychological skills. Don't focus on earning from the beginning. Without skills and experience it's not possible to make consistent money.
Perfect tip... Earning money in forex only comes after a trader has gained enough experience and skills
The more your practice, the more you learn.
Member Since Jun 16, 2021
15 posts
Jun 16, 2021 at 13:13
Try to be patient and you will start seeing a profitable system. Working on a new strategy will help you too.
Member Since Aug 05, 2021
394 posts
Sep 08, 2021 at 02:04
You made a few good points, although I’d also point out the need to avoid scams and to practice proper risk management.
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