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When a trader is a newbie
Member Since Aug 27, 2017
875 posts
Apr 12, 2021 at 08:42
when i was new in trading i was profitable in the demo but when start live trading result was completely different. actually we see lots of difference between demo and live
keeping patience.......
Apr 12, 2021 at 21:30
All trader came from newbie stage, although any trader they start to learn forex in the same time, but the achievement of trading result will different, there is a trader that has better speed in the learning process, but there is a trader with low speed in the learning process. as newbie use micro account is safer than standard account
Member Since Mar 17, 2021
494 posts
Apr 14, 2021 at 18:26
FXOday posted:
All trader came from newbie stage, although any trader they start to learn forex in the same time, but the achievement of trading result will different, there is a trader that has better speed in the learning process, but there is a trader with low speed in the learning process. as newbie use micro account is safer than standard account
Every newbie should start with a demo account.
Member Since Jan 22, 2021
132 posts
Dec 06, 2021 at 11:08
A newbie should start learning on demo with small lots, small lots teaches us the patience.
Member Since Aug 17, 2021
9 posts
Dec 06, 2021 at 12:46
Newbie should also understand how long the journey could be. Becoming profitable can take years not weeks
Dec 06, 2021 at 13:30
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.
Agree don’t rush into it and do plenty of research
Member Since Nov 23, 2021
24 posts
Dec 09, 2021 at 06:15
Beginners should start by demo trading. This is where you trade with virtual money to get a feel for the market without risking any of your own funds. You can find demo trading accounts at your broker's website.
Member Since Nov 23, 2021
34 posts
Dec 13, 2021 at 05:49
A trader should first fully understand the forex market and what it can give and what you should expect. Do not approach the market with some silly expectations. Your earning gets better with time if your skills are on the track. New traders shouldn’t rush and allot time to learning from genuine resources, such as Babypips. After the basics, starting with demo trading is reasonable. If a new trader can build consistency on demo trading, then he is ready to trade live with small risks.
Member Since Jul 20, 2020
385 posts
Dec 17, 2021 at 08:10
AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
It is so key to do this like doctors practice for months on cadavers and when they make a mistake they correct the technique they dont just hop into surgery and learn whilst performing
Member Since Apr 09, 2019
516 posts
Dec 17, 2021 at 13:44
I agree but most who come in don't want to look at trading like a profession and a degree to get to be proficient in that subject area. They look at it as a gamble, and just as they do with the bookies, they lose.
If you can't spot the liquidity then you are the liquidity.
Dec 18, 2021 at 01:11
CraigMcG2020 posted:AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
It is so key to do this like doctors practice for months on cadavers and when they make a mistake they correct the technique they dont just hop into surgery and learn whilst performing
Accurate quote, Demo Platform is the artisan of creating successful traders. Where I can be successful if I trade seriously.
Member Since Mar 17, 2021
494 posts
Dec 19, 2021 at 19:43
AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
A demo is the best platform to practice and learn forex.
Dec 20, 2021 at 20:01
SteveHanks posted:AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
A demo is the best platform to practice and learn forex.
Well, it is easy to develop a strategy on the demo platform. So I think demo platform is for best trading practice.
Dec 21, 2021 at 11:49
Imamul posted:
the new trader always try to bring more profit by using high leverage , its a very wrong decision , without no money management thats not possible at all to make profit by using high leverage.
I agree with you, every trader should know the two main strategies which are money management as well as risk management.
