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Professional trading tips for beginners

Oct 30 2020 at 11:19
16 posts
Beginners need to get the whole side of forex before they even think about taking it to the next step because as much as they tell you that you can make a lot of money from forex in a short while you also need to understand that you can lose a lot of money in the same time time period.

Oct 31 2020 at 17:46
658 posts
Michihito posted:
Most of losses happen in trading by emotional decisions. You need to control your emotions while trading. It is a difficult task but possible. It requires time. No habit develops overnight. We need determination and dedication.

Yeah. Every trader should know about trading psychology. However, trader cannot learn that in demo trading.

Nov 20 2020 at 18:59
341 posts
Every new trader should learn all the basics of forex before entering into this risky market.

Nov 23 2020 at 06:45
54 posts
Still do not forget to prepare emotionally and psychologically, believe me, this is really very important.

Henry (FirstHero)
Nov 23 2020 at 12:41
16 posts
How many are those who once again remind that psychology is important, and without knowledge it is better not to start.

Guys, a newcomer already knows about the risks, about psychology, about knowledge when enters the forum. This future trader probably already went all the way of doubt when decided to start trading and had already read about psychology many times. Do you think this will help?

Give the necessary advice, such as 'do not open a long reversal trade near the support of the downtrend', 'always calculate the stop loss in advance, and compare it with the acceptable risk in the current market', 'you talk about greed but do not advise withdrawing profits at least to cover initial deposit', ' you are talking about psychology, but you are not saying that you should first accept losses as part of the trader's path'

Do not be greedy and invest in your business as much as you can.
Dec 02 2020 at 09:44
38 posts
I agree that your emotions can prove dangerous when you are trading.

Dec 03 2020 at 03:33
364 posts
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

Gabriel (GabrielO)
Dec 15 2020 at 10:44
9 posts
I liked tip number 2.2 in tips. Never follow the crowd;
  Be afraid when others are greedy, be greedy when others are afraid '
This is a very profound statement. I'll take it to my knowledge pack.

Jan 06 at 09:04
21 posts
These are some essential tips that every trader, be it new or advanced can make use of. You are right to point out that trading and emotions should not be clubbed together.

Robert (Robert647373)
Jan 06 at 09:53
95 posts
It is very important to follow your trading strategy. So you can protect yourself from making wrong and unprofitable decisions.

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