When a trader is a newbie

Mar 02, 2021 at 03:59
5,670 Views
134 Replies
Member Since Jul 19, 2020   298 posts
Mar 02, 2021 at 03:59
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
Member Since Jul 19, 2020   751 posts
Mar 02, 2021 at 05:29
Yes, beginner they need to learn and doing more on practice even use demo account, with practice hence will make perfect, we often hear this quotation and this is good to motivated our trading journey, which as trader must more practice on real trading than only from theory.
Member Since Jan 11, 2019   147 posts
Mar 02, 2021 at 10:16
Yes learning is most imp while you are a newbie. this is the time when you can make it or break it..
Member Since Jan 22, 2021   125 posts
Mar 04, 2021 at 11:22
I think a trader is still a newbie if he has no knowledge of the forex market although he is trading on call and trade. The real trader is the one who is trading on forex with his skills. The tag of newbie can only be removed with experience.
Member Since Oct 05, 2020   21 posts
Mar 09, 2021 at 04:27
blackChelsea posted:
I think a trader is still a newbie if he has no knowledge of the forex market although he is trading on call and trade. The real trader is the one who is trading on forex with his skills. The tag of newbie can only be removed with experience.
Yes, a skilled trader will surely benefit from the market and since they know how everything works, they can be at an advantage.
Member Since May 11, 2020   74 posts
Mar 10, 2021 at 11:36
Newbie do not have any knowledge when entering into forex market, so it is advisable to start preparing and understanding how forex market and how trading happens.
Member Since Jul 23, 2020   759 posts
Mar 10, 2021 at 15:09
reggae posted:
Newbie do not have any knowledge when entering into forex market, so it is advisable to start preparing and understanding how forex market and how trading happens.
Right. That’s why most new traders often lose money in the market.
Member Since Jan 11, 2019   147 posts
Mar 10, 2021 at 17:51
Michihito posted:
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
I think beginner should trade on demo account for atleast 6 months
Member Since Jul 19, 2020   788 posts
Mar 11, 2021 at 00:31
Yes, new traders must learn about trading. If he can't get an education, he will never be able to succeed by trading.
Member Since Nov 03, 2020   3 posts
Mar 11, 2021 at 11:57
Beginners might not know where to go and which way to go. They really need to find their own way of making money instead of following someone else.
Member Since Apr 18, 2020   54 posts
Mar 11, 2021 at 12:14
When you are a beginner, you do not know where to start, so it is better if you can start gaining knowledge by following some courses (make sure it is free) and learn as much as you can so that you will be able to gain better understanding in future
Member Since Dec 28, 2020   187 posts
Mar 15, 2021 at 10:39
Can you suggest any free courses which are good and understandable. Although I have studied a lot but am not able to make much profit. I want to know where I am going wrong.
Member Since Feb 04, 2021   31 posts
Mar 16, 2021 at 11:29
I think that a trader is a newbie until he has gained sufficient knowledge to trade. Forex trading is all based on knowledge and dedication and to make a place in the market, beginners need to spend their enough time on learning.
Member Since Nov 06, 2018   83 posts
Mar 16, 2021 at 14:29
Lots of free courses online, including Babypips and YouTube. Practice on demo until you are consistent, and then consider going on a live account.
Member Since Jul 23, 2020   869 posts
Mar 16, 2021 at 17:26
TradeHut posted:
I think that a trader is a newbie until he has gained sufficient knowledge to trade. Forex trading is all based on knowledge and dedication and to make a place in the market, beginners need to spend their enough time on learning.
Right. New traders should spend more time to learn the trading properly.
Member Since Jul 19, 2020   298 posts
Mar 17, 2021 at 12:03
Knowledge is the primary need for trading. Then you need to know the effective way to use your knowledge. As proverb says, Knowledge becomes weapon when applied effectively.
Member Since Mar 17, 2021   536 posts
Mar 17, 2021 at 18:38
Every new trader should practice on a demo account before investing their money in this risky market.
Member Since Oct 07, 2020   104 posts
Mar 19, 2021 at 04:36
Michihito posted:
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
Just go with the demo account and rest will follow
Member Since Dec 17, 2020   15 posts
Mar 24, 2021 at 10:38
Yes, learning should be the first and the last step in trading and a newbie should focus on that.
Member Since Aug 11, 2017   886 posts
Apr 08, 2021 at 05:32
new Forex trader always try to bring profit with no learning , its totally a wrong mentality. without learning there is no way of earning.
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