Beginner in forex

Apr 24, 2020 at 19:20
5,474 Views
103 Replies
Member Since Apr 03, 2021   28 posts
May 26, 2021 at 07:57
You should first focus on your learning and only then begin with a demo or any other account. Look up courses, tutorials, videos online and do your research. Once you’re done with that, you can open an account with a reliable broker.
Member Since Apr 22, 2021   8 posts
May 26, 2021 at 10:21
Hello! I think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me to choose the right broker. I searched a lot of sites in order to find something good. I also spent a lot of time looking for a broker.
Member Since May 31, 2021   35 posts
Jun 02, 2021 at 12:39
According to me, determination, patience and sufficient knowledge are the important factors which beginners should possess.
Member Since Aug 26, 2020   78 posts
Jun 04, 2021 at 09:50
A beginner needs to give himself time to figure out and study everything, and only then calmly start trading.
Member Since Nov 16, 2020   55 posts
Jun 06, 2021 at 07:26
If you hurry up and chase fast and big profits, in the end you just won't get disappointed.
Member Since May 27, 2021   8 posts
Jun 09, 2021 at 13:42
Before you start with your forex trading journey, you need to educate yourself on the subject, find out about the broker that you are considering to trading with, and build a trading plan as per your needs.
Member Since Nov 23, 2020   46 posts
Jun 10, 2021 at 07:35
The free version of the demo account helped me to learn about its functionality, understand its platform and understand if I could work with it, I like it, now I trade on a real account without problems.
Member Since Mar 17, 2021   536 posts
Jun 12, 2021 at 17:26
Aurisida posted:
The free version of the demo account helped me to learn about its functionality, understand its platform and understand if I could work with it, I like it, now I trade on a real account without problems.
Demo is the best option to learn forex perfectly.
Member Since Aug 11, 2017   886 posts
Jun 13, 2021 at 08:01
the beginners level always try to bring profit by using high level leverage , but its very risky and most of the traders loss due to using it. i dont support this kind of leverage ratio.
Member Since Aug 27, 2017   994 posts
Jun 13, 2021 at 08:44
if you have the most powerful analyzing knowledge about money management
then you are able to make a profit by using any kind of leverage ratio.
Member Since Dec 28, 2020   187 posts
Jun 15, 2021 at 07:48
Rodrigochg posted:
Hello, my name is Rodrigo and I made the decision to learn the world of forex.
I am quite curious why the person who introduced me to this world sent me directly to this page since I do not understand how I can open a demo or real account to start trading.
Sorry if I sound ignorant in those aspects but I have no experience in this type of platform.
That person did a good job, as you know nothing about the forex so from here you can learn about forex from basic to advanced level, and if you have any question you can post your question and ask from other traders. You can share your own experience, learn from other experiences.
Member Since May 01, 2021   11 posts
Jun 15, 2021 at 08:46
for beginners luck is really important if you know to trade well and have good knowledge and experience , without knowledge there is no good luck
Member Since Jun 15, 2021   9 posts
Jun 15, 2021 at 09:07
LioDaCap posted:
for beginners luck is really important if you know to trade well and have good knowledge and experience , without knowledge there is no good luck
I don't think luck plays a major role in trading, I believe that profits depend only on a trader's knowledge and ability.
Member Since Jun 15, 2021   8 posts
Jun 15, 2021 at 09:42
If you are relying on luck then you do not know what you are doing
Member Since Jun 16, 2021   9 posts
Jun 16, 2021 at 05:26
spacexdragon posted:
If you are relying on luck then you do not know what you are doing
Exactly, luck can work sometimes but knowledge and skills will always help in gaining profits.
Member Since Jun 17, 2020   6 posts
Jun 17, 2021 at 12:41
I agree @Accessonus, trading knowledge and skills are central to success in forex trading. Although it took me several months to fully understand how to read charts and use different strategies and indicators, I did not leave practice on my demo account of hankotrade until I was fully prepared. Better be late than sorry!
Member Since Jun 15, 2021   9 posts
Jun 18, 2021 at 11:37
In forex trading no one should depend on luck, because you never know when you can get losses so it is better to focus on building knowledge rather than depending upon luck.
Member Since Jun 12, 2021   132 posts
Jun 19, 2021 at 07:14
the beginner always try to skip the learning session which is a bad decision , right now lots of sources and which are completely free in online , should focus on there , otherwise trading could be dangerous.
Member Since Jun 17, 2021   15 posts
Jun 21, 2021 at 09:33
One should start with learning the basics and a few important terminologies to do with forex.
Member Since Feb 15, 2021   10 posts
Jun 23, 2021 at 12:45
Even when I am 100% sure about my trades, I’ll still won’t go with max leverage which is more than 50x time my original investment. For me, keeping the risk level to the minimum stands before the profit bar is important. Especially for beginners, it's best if they don’t risk too much both in investment as well as leverage.
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