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New Traders Forum

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I'm new to Forex trading and looking for some advice

By Lswilliams Dec 19, 2014 at 15:24

I've seen traders who make money in 1 year and I've seen traders who haven't made money in 10 years. Do you understand the reasoning?

55 Replies 4,114 Views

Last post by Lazard Apr 12, 2023 at 06:21

Is a demo account really neccassary?

By James_Bond Aug 05, 2012 at 07:44

yes in demo it is a best place to test your trading strategy ,really supportive

155 Replies 9,424 Views

Last post by AdomKutler Mar 30, 2023 at 11:42

Books or Videos - Which one is better for learning?

By cashonmymind Jan 28, 2021 at 16:49

Personally, I found that learning about forex trading using a combination of books and videos was the most effective method for me. Books gave me a firm knowledge base and helped me thoroughly understand the principles and methods, whereas videos allowed me to see these concepts in action and obtain practical insights from experienced traders. Ulti...

68 Replies 5,106 Views

Last post by essencejo Mar 30, 2023 at 10:19

Broker Suggestion

By SigmaVess Mar 19, 2013 at 21:36

A scalper too, choose an ECN broker Fxview, XM, or Hotforex for low spreads.

78 Replies 5,374 Views

Last post by Brick_56 Mar 28, 2023 at 12:29

Daily Market Diary

By OnyotYecyec Mar 20, 2023 at 04:41

🔵Holding a belief that trading will work in a short period of timeThe Dangers of Trading Too Quickly Believing that Trading Will Work in a Short Amount of TimeTraders who think they can make money in a short amount of time reflect the modern world in which we all live. They think they can make a lot of money quickly if they just trade a lot, even ...

0 Replies 515 Views

Last post by OnyotYecyec Mar 20, 2023 at 04:41

Money Management

By Mohammadi May 07, 2020 at 11:38

Thanks for sharing this info. I will try to follow this.

50 Replies 3,856 Views

Last post by LeslieRuiz Mar 03, 2023 at 06:24

Patience is best tool to get success

By Dictiony Apr 19, 2020 at 05:14

Patience is crucial in trading because it allows for better decision-making and the ability to stay calm during market fluctuations. Impulsive actions based on emotions can lead to unnecessary losses.

163 Replies 10,020 Views

Last post by Leonor_Lou2 Feb 28, 2023 at 12:35

Looking for Broker

By dap042s1 Nov 10, 2020 at 03:31

I definitely recommend Interactive Brokers. It is an American company, which is regulated under US Forex laws. Simply known as IBKR, this broker is available in over 30 countries around the world, giving clients access to numerous trading assets.

57 Replies 4,545 Views

Last post by Investfox Feb 20, 2023 at 15:19

Diffrence between real & demo trading

By fxking1 Dec 10, 2013 at 21:24

The main differences between the two are as follows:-Real Account: A real account is a trading account that is used for trading with real money. It involves depositing funds into the account and using them to buy and sell assets in the market. As a result, any profits or losses incurred in a real account are actual and can affect the trader's f...

61 Replies 4,724 Views

Last post by paulajen Feb 17, 2023 at 05:56

Forex correlation

By tostyleun Jan 15, 2023 at 06:30

Thank you so much . Yes i am sticking to the pair i am trading in . It can get a bit uncomfortable when u look at corelated stocks but in time i think i will get used to it.

3 Replies 605 Views

Last post by tostyleun Jan 17, 2023 at 19:54

For Newbie

By Michihito Oct 19, 2020 at 06:50

How do you think how to choose broker ? maybe you have a your list of top5 ? or you have only one broker?

67 Replies 4,350 Views

Last post by vikailjina Jan 12, 2023 at 12:04

LOSE AND PROFIT

By shussainviha1 Jan 06, 2023 at 14:14

ONE COMINT LOSS AND PROFITE 😄

0 Replies 471 Views

Last post by shussainviha1 Jan 06, 2023 at 14:14

How long on a demo account

By chesterjohn Apr 21, 2018 at 12:17

I Demo traded for a year in 2005. Even as a professional account manager, i still connect my Live trades to Demo account and use it to tweak daily, As i can not connect my live accounts managed in public, not only due to the size, But i like just being on lowkey.

198 Replies 12,250 Views

Last post by forex_trader_3132761 Jan 05, 2023 at 11:22

Commission fees spread

By Wagscd Dec 24, 2022 at 06:24

You are welcome :)

7 Replies 801 Views

Last post by Phorbic Dec 30, 2022 at 09:12

How long does it take one to be consistently profitable with forex trading

By MokgadiMafa Apr 21, 2022 at 08:33

Personally I feel that everyone should practise in a demo account until they learn trading skills irrespective of the time it takes. Rushing the process will not be beneficial to you. Proper practice will assist you in honing your skills and getting ready for later trading with real money.

49 Replies 4,033 Views

Last post by jambeau Dec 29, 2022 at 11:45

Greed is poison

By Dictiony Apr 05, 2020 at 01:19

Too much greed can lead to impulsive or risky decisions. Moreover, when traders are driven by greed, you may be more likely to take on excessive risk or to ignore potential warning signs in the market. This can increase the chances of losing money, and can ultimately undermine the long-term success of a trading strategy.

74 Replies 4,980 Views

Last post by binarysumo22 Dec 28, 2022 at 06:29

How often does the market change?

By socks Nov 30, 2015 at 08:11

The market changes very frequently. The knowledge when to change your strategy according to market conditions comes with experience. But I must say to beginners that when you cannot find the right price range or favourable condition for your strategy to make a profit, for at least a maximum of 3 months, it's time to make changes and modify your...

28 Replies 2,631 Views

Last post by Potatory Dec 28, 2022 at 06:21

Day Trading Techniques/Strateges-Beginners Guide.

By forex_trader_1786937 Sep 23, 2020 at 14:48

Hi there! As a newbie, I advise you first learn about the forex market before you start trading. Fundamental analysis means analysing news relating to social, economic, and political fields that can directly or indirectly affect the price movements of the currency pairs. On the other hand, technical analysis means observing a wide range of historic...

22 Replies 2,177 Views

Last post by Potatory Dec 23, 2022 at 09:55

Have a plan and stick to it

By chrish9070 Apr 10, 2016 at 18:42

Yes, it can be challenging at first. But if beginners are determined enough to trade according to their plan and are consistent in their approach, they will profit.

78 Replies 4,695 Views

Last post by Vomitoryy Dec 20, 2022 at 11:42

How long should I start to trade after studying?

By Miki_Bao Aug 20, 2019 at 10:22

Yes I practised in a demo account and every trader should do that too! I believe it is one of the most crucial steps in the trading journey. It helped me strategize my moves, gain experience, and sharpen my trading skills without putting any real money at risk.

76 Replies 5,317 Views

Last post by jambeau Dec 20, 2022 at 10:48

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.