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Who can help me to trade?

AniLorak
Aug 14 2017 at 08:40
920 posts
FxKing01 posted:
RedRhino posted:
Why do traders feel that Babypips is a good source of trading advice?

I totally agree with you!


I think, BabyPips School is a good learning source for the newbies!
vontogr (togr)
Aug 14 2017 at 11:47
4862 posts
leo23 posted:
The most important thing is backtesting your system with sufficient amount of past history data. If you have not backtested your system and trying directly with one system to other system either in demo or live account, it is complete waste of time.

Backtesting a system with 'Forex tester' will save a lot of time may be years of research and analysis. Just take any mechanical system trading at least 4H timeframe or more and backtest it.

For beginners the best thing is to trade on Daily charts so that everyday just open a trade at specific time with stoploss and takeprofit like a set and forget system. In this way, the over analysis on charts and over thinking and trading psychology and all can be avoided by new traders.

Also, Daily time frames are much more reliable without much market noise and easy to backtest and easy to forward test with low risk.
To achieve consistent trading And to backtest properly you need the EA. Many people here Are jíst trying new And new systems without Real success
Mohammadi
Aug 15 2017 at 06:25
886 posts
I think the traders who are particularly newcomers first of all have to move in demo account which is the master place to acquire basic fundamental knowledge. but practically they don’t believe the importance of this trading place at all. so they fall a great trouble when kick off a live account without practicing demo.
Patrick1981
Aug 16 2017 at 06:26
7 posts
Demo is essential for successful trading but so is a live account that you can trade with mini and micto lots
mlawson71
Aug 21 2017 at 13:31
1487 posts
Another thing that you should probably look into is whether you prefer to trade with or against the trend. (https://www.forexbrokerz.com/news/trend-following-counter-trend-trading) Both options have pros and cons, and both can be profitable if one knows how do them well. It depends on the trader which one they’ll pick.
TerraTopNova
Aug 22 2017 at 14:39
15 posts
There is also range trading. The markets are not trending for 90% of the time so this is worth considering
AmDiab
Aug 23 2017 at 06:44
718 posts
Prince_FX posted:
Dear friends!

My name is Prince, I am from Nigeria. I have some money to trade, but my trading results are not so good so far, that is why I would like to ask some experienced traders to guide me or advise me somebody who could help me to trade, or to teach me.

Than you all!

I understand your condition, but again; if you want to stay here permanently there is no why without manual trading! BY the way, these days automatic trading services are very popular; so many options! But you have to choose your trading partner so carefully!
petkofxlev38
Aug 24 2017 at 06:28
14 posts
You should take a professional education and trust no body but yourself. Do not relay on people/brokers/account managers that will handle your money and they will bring you profits. Most probably will loose it all this way.
You can have a look at the courses in eaforexacademy.com - there are manual and automated. There are free videos of some of the courses, so you will decide which one to choose. There is forum also with students, so you can exchange some experience and ask questions
kieran (snapdragon1970)
Aug 24 2017 at 15:50
1948 posts
Go and get educated by a professional,cuts out a lot of time wasting and losing money.
"They mistook leverage with genius".
GENESIS ASSET (TradingtheCloud)
Aug 25 2017 at 08:19
38 posts
I don't believe any anyone here got trained with a pro but are very forthcoming to give such advice. There are some great books that you can buy and I had found Trade Forex with Confidence and developed a winning system.
kieran (snapdragon1970)
Aug 25 2017 at 18:39
1948 posts
TradingtheCloud posted:
I don't believe any anyone here got trained with a pro but are very forthcoming to give such advice. There are some great books that you can buy and I had found Trade Forex with Confidence and developed a winning system.

I suppose you wouldn't call Peter Brown a professional would you or Lex van dam ,lol.
"They mistook leverage with genius".
Mohammadi
Aug 27 2017 at 06:40
886 posts
I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.
Guldan
Aug 28 2017 at 06:14
1 posts
If you are thinking of making money without having financial knowledge then you are on the right track, binary options can fulfill your dream. It doesn’t require any financial knowledge and it can be traded by any individual. Normally when you go for options trading you have to read some books or get a thorough knowledge about the product and predict the market with uncertain return and huge risk. Binary options would provide fixed returns without taking huge risks, your risk will be only limited to your invested amount but returns are huge as comparable to risk and duration. There are various brokers that provide binary trading and Banc de Trust, is one of them
ricki72
Aug 28 2017 at 08:10
238 posts
Guldan posted:
If you are thinking of making money without having financial knowledge then you are on the right track, binary options can fulfill your dream. It doesn’t require any financial knowledge and it can be traded by any individual. Normally when you go for options trading you have to read some books or get a thorough knowledge about the product and predict the market with uncertain return and huge risk. Binary options would provide fixed returns without taking huge risks, your risk will be only limited to your invested amount but returns are huge as comparable to risk and duration. There are various brokers that provide binary trading and Banc de Trust, is one of them

Bullshit!
This post is only advertising.
The only ones who make money binary options are the brokers themselves.
This is even worse than roulette in a casino!

@Traders, rookies, investors, HANDS OFF binary options!
The differenece between who your are and who you would like to be be is what you do
ronin75
Aug 28 2017 at 13:52
13 posts
Guldan posted:
If you are thinking of making money without having financial knowledge then you are on the right track, binary options can fulfill your dream. It doesn’t require any financial knowledge and it can be traded by any individual. Normally when you go for options trading you have to read some books or get a thorough knowledge about the product and predict the market with uncertain return and huge risk. Binary options would provide fixed returns without taking huge risks, your risk will be only limited to your invested amount but returns are huge as comparable to risk and duration. There are various brokers that provide binary trading and Banc de Trust, is one of them

registered 13 hours ago .. with ABSOLUTELY no data to display .. and his first action is replying to a post trying to advertise for Binary options ..
guess who WONT get a plaque this month for employee of the month at Banc de Trust ?? lol
Mohammadi
Aug 29 2017 at 06:23
886 posts
I have seen in order to my trading experience mostly traders who are particularly newcomers always try to make money by using high leverage without proper risk management plan, as a result they fall a great loss when trading practically. So, before trading with high leverage we have to know how to manage risk.
vontogr (togr)
Aug 29 2017 at 10:16
4862 posts
Mohammadi posted:
I have seen in order to my trading experience mostly traders who are particularly newcomers always try to make money by using high leverage without proper risk management plan, as a result they fall a great loss when trading practically. So, before trading with high leverage we have to know how to manage risk.

well yes but I would say it is not about leverage.
before even start trading at all you need to know how to manage risk
Admoni
Aug 31 2017 at 06:24
95 posts
For ensuring the successful trading life with certainly first of all it is more important to acquire exact trading skill by learning. On the other hand, despite of good trading knowledge that’s not possible at all to lead a comfortable trading life with certainly without having a reliable support from a credible trading platform, because the broker can affects the result of our trading with certainly.
leo23
Aug 31 2017 at 14:35
631 posts
In forex trading every time you place a trade it is similar to solving a problem in an exam and hence, if you have done enough practice in home similar type of questions before attending the exam, then chances of you finding the solution is more likely.

Similarly if you have done enough practise on past data using your forex trading system, then chances are there that you will succeed in forex using your system. But if you have only read before the exam, but not done any practise, then even if you know everything you may fail in exam. Same way even if you know everything about forex, you will fail while real trading if you have not back testing.
Artificial General Intelligence
BattleReady
Aug 31 2017 at 14:41
10 posts
I can help............ use a demo and then use a demo again for at least a year.
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