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Beginner's Tips
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ChristinaLedger

Member Since Mar 12, 2019  2 posts ChristinaLedger Mar 13 at 07:05
Imamul posted:
generally we the traders select our trading target according to our knowledge and experience , i have seen our target fall when it not realistic, over target always make us greedy and emotional.  so it is more appropriate to ensure practical trading target.  


could not have put this better myself... patience and a lot of practice is SO IMPORTANT.

Nasrul_Swing

Member Since Feb 28, 2019  57 posts Nasrul (Nasrul_Swing) Mar 13 at 07:47
togr posted:
1. Prepare plan of trading
2. Focus and that plan, trade according to that. Keep focused on that ONE thing. Do not alter the plan or combine it with other techniques.
3. At any moment you have to KNOW what to do, keep trade open, close, do not trade...
4. If it works - voila keep it the way it is.
If it does not work - update the plan or make new one and go to point #1

Following these simle steps always lead to point #4
People does not have the patience though to achieve it. Are you an exception?


This is the best bro. Newbie should follow this.

rorofx

Member Since Mar 06, 2019  7 posts rorofx Mar 13 at 13:16
Nasrul_Swing posted:
togr posted:
1. Prepare plan of trading
2. Focus and that plan, trade according to that. Keep focused on that ONE thing. Do not alter the plan or combine it with other techniques.
3. At any moment you have to KNOW what to do, keep trade open, close, do not trade...
4. If it works - voila keep it the way it is.
If it does not work - update the plan or make new one and go to point #1

Following these simle steps always lead to point #4
People does not have the patience though to achieve it. Are you an exception?


This is the best bro. Newbie should follow this.

i agree. useful steps.

Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Mar 22 at 19:00 (edited Mar 22 at 19:14 )
HarryPrince posted:
So You are beginner in trading. Firstly you have to get more information about trading. then take a step for trading. when i was beginner in trading i was following [SPAM LINK REMOVED] who is best modern broker. I am still trading with [SPAM INFO REMOVED] which helps in trading Forex, CFD’s, Stocks, Commodities, Indices and Crypto with a quality ECN/STP Hybrid Model.




1] Your very first post you ever make is a spam post for a new and generally unknown brokerage.

2] The brokerage you did in fact spam advertise is absolutely NOT the best modern brokerage.

3] Modern professional brokerage services are also heavily regulated.

As per their website:
https://www.volumefx.com/about-volume/

We do not carry a regulatory brokerage or financial license in any jurisdiction. This allows us to offer higher leverage, a diverse array of trading instruments and cryptocurrency deposit trading accounts.



4] NO PROTECTION OF CLIENT FUNDS.
As per their website:
https://www.volumefx.com/risk-disclosure/

VolumeFX Ltd does not and cannot guarantee the initial capital of the Clients’ portfolio or its value at any time, or any money invested in any financial instrument.



They do not maintain isolated client funds from their own financials.
I looked at their website, and their is little to NO protection of client investment capital.

The list goes on.

Anyone who invests with an unregulated bucket shop such as YOU spam advertised, is putting their entire financial investment with the brokerage at risk for a total lost of investment capital.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
tracydavison

Member Since Feb 11, 2019  34 posts tracydavison Mar 24 at 07:25
some good advice here. im a newbie myself. so this is very helpful thread :)

Nasrul_Swing

Member Since Feb 28, 2019  57 posts Nasrul (Nasrul_Swing) Mar 24 at 07:49
Professional4X posted:
HarryPrince posted:
So You are beginner in trading. Firstly you have to get more information about trading. then take a step for trading. when i was beginner in trading i was following [SPAM LINK REMOVED] who is best modern broker. I am still trading with [SPAM INFO REMOVED] which helps in trading Forex, CFD’s, Stocks, Commodities, Indices and Crypto with a quality ECN/STP Hybrid Model.




1] Your very first post you ever make is a spam post for a new and generally unknown brokerage.

2] The brokerage you did in fact spam advertise is absolutely NOT the best modern brokerage.

3] Modern professional brokerage services are also heavily regulated.

As per their website:
https://www.volumefx.com/about-volume/

We do not carry a regulatory brokerage or financial license in any jurisdiction. This allows us to offer higher leverage, a diverse array of trading instruments and cryptocurrency deposit trading accounts.



4] NO PROTECTION OF CLIENT FUNDS.
As per their website:
https://www.volumefx.com/risk-disclosure/

VolumeFX Ltd does not and cannot guarantee the initial capital of the Clients’ portfolio or its value at any time, or any money invested in any financial instrument.



They do not maintain isolated client funds from their own financials.
I looked at their website, and their is little to NO protection of client investment capital.

The list goes on.

Anyone who invests with an unregulated bucket shop such as YOU spam advertised, is putting their entire financial investment with the brokerage at risk for a total lost of investment capital.



Maybe he just registered to promote the broker.

Treeny

Member Since Feb 08, 2019  80 posts Treeny Mar 24 at 08:19
Mohammadi posted:
If you want to lead a comfortable and secure trading life you have to choose a credible trading broker which guarantee their clients funds.


This is very true

Mohammadi

Member Since Aug 11, 2017  550 posts Mohammadi May 10 at 10:01
for beginners Patience is important, . But more important is trading discipline. Without real trading discipline that’s not possible at all to lead a successful trading life with certainly in spite of having most powerful analyzing trade knowledge.

Q_FxTrader

Member Since Oct 08, 2018  141 posts Q_FxTrader May 12 at 05:53
First, find one profitable strategy which works for other professional and successful traders.

Next, stick with it to improve it day by day in order to match your trading requirements and trading psychology. Because there is no such holy grail strategy which can work for all traders.

But if you keep changing your strategy completely and start a new strategy every couple of days or couple of weeks or months , then you might continue this process for years and may be for lifetime and may not be able to make profit ever in forex trading consistently.

So first finding one profitable strategy and next, sticking with it to improve it day by day is very very important.

@
Alexsajed

Member Since Apr 23, 2019  32 posts Alexsajed May 13 at 06:06
Stock Trading for Beginners: 5 Things Every Beginner Should Know Before Hitting the Buy Button

1. Find the right broker at the right price.
2. Consider starting with exchange-traded funds.
3. Start with safer stocks.
4. Don't pay too much in fees.
5. Don't fall for hot stocks, even if the company is promising.

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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.