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Beginner's Tips
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Dictiony

Member Since Apr 01, 2020  130 posts Dictiony Aug 24 at 00:58
If you are newcomer in Forex trading and want to start trading then you should be very careful in Forex because Forex is very risky business and if you have no knowledge and skills before then you must learn the basics of Forex first and then join Forex trading.

cardigan

Member Since Jul 27, 2020  56 posts cardigan Aug 24 at 06:33
Start small – Focus on big wins and you forget the importance of following the pattern. Over the long run, taking smaller positions will give you greater control. Then you can gradually increase your position size as your confidence grows.

togr

Member Since Feb 22, 2011  4836 posts vontogr (togr) Aug 24 at 07:54
cardigan posted:
Start small – Focus on big wins and you forget the importance of following the pattern. Over the long run, taking smaller positions will give you greater control. Then you can gradually increase your position size as your confidence grows.


That is good advice

KenAdams

Member Since Aug 14, 2020  22 posts KenAdams Aug 24 at 11:37
Do not be greedy and enhance your trading knowledge.

GeorgeBischof

Member Since Jul 19, 2020  219 posts GeorgeBischof Sep 03 at 17:48
As a new trader, you can practice on a demo account to improve your ability and knowledge about forex. Almost every trader starts their trading journey with a demo account.

Mohammadi

Member Since Aug 11, 2017  788 posts Mohammadi Sep 07 at 07:35
You can find a successful trading strategy from various sources , but if you want to get maximal result by your trading strategy first of all you have to make sure real money managing plan , otherwise that’s not possible at all to make profit with consistency despite of having most successful trading strategy.

Roberto21

Member Since May 02, 2019  319 posts Roberto21 Sep 07 at 08:15
The traders who are particularly newcomer can lern Fx from lots of sources that available right now. But in order to my trading experience I think Pips school is more appropriate which always all important trading tips with essential terms and condition which is really supportive for the newbie.

Mohammadi

Member Since Aug 11, 2017  788 posts Mohammadi Sep 08 at 06:53
Honestly speaking, Earning is Forex is not easy at all. There is too many who loses money simply because they take it lightly. They think knowing minimum knowledge about Forex is good to kick off trading right away. They think they can earn good amount of money in here. But one thing I want to say in order to my trading experience , in Forex trading you like digging a hole, the deeper you dig the more chance its can turn into a well and get water.

Adribaasmet

Member Since Aug 27, 2017  861 posts Adribaasmet Sep 08 at 09:25
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.

Hillartrading

Member Since Sep 08, 2020  19 posts Hillartrading Sep 09 at 11:31
Make a plan and stick to it.

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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.