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For Newbie
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Michihito

Member Since Jul 19, 2020  143 posts Michihito Oct 19 at 06:50
For newbie small capital is good. Actually what I think is when you start forget about capital and profit. Focus on knowledge and skills. Most traders make this mistake, they focus on profit at the first hand. They don't realize that forex trading requires specific knowledge and skills. I would recommend to study and research as much as possible.

Wreeves

Member Since Apr 03, 2019  11 posts Wreeves Oct 19 at 10:39
First year of trading should be all about learning and demoing. I would not consider trading for profit until after that

DoraWalletInvest

Member Since Aug 17, 2020  109 posts DoraWalletInvest Oct 21 at 18:27
Definitely, I agree with both of you. Trading is portrayed as a way to get rich quick way too often, but we need to be careful and not let greed dictate our decisions.

Joao91

Member Since Oct 05, 2020  15 posts Joao91 Oct 22 at 06:26
Wreeves posted:
First year of trading should be all about learning and demoing. I would not consider trading for profit until after that

Agreed, sufficient time should be given to learning, research and demo trading in the beginning, however, that time period can vary for all I guess.

EbonyJones

Member Since Jul 20, 2020  165 posts EbonyJones Oct 22 at 20:47
Most of the new traders lose their investment because of picking the wrong strategy. So, try to pick the suitable and right strategy according to your trading plan.

Juan_Garcia

Member Since Jun 05, 2020  31 posts Juan_Garcia Oct 23 at 11:19
Stress upon learning and practicing, that's a must for a newbie, atleast for some initial years of trading.

Kazile

Member Since Apr 25, 2020  76 posts Kazile Oct 26 at 10:15
Every trade, every trade will be heightened, emotional, and we will always be under stress.

Daxton

Member Since Sep 23, 2020  14 posts Daxton Oct 27 at 06:29
Michihito posted:
For newbie small capital is good. Actually what I think is when you start forget about capital and profit. Focus on knowledge and skills. Most traders make this mistake, they focus on profit at the first hand. They don't realize that forex trading requires specific knowledge and skills. I would recommend to study and research as much as possible.


Well said, People focus more on profits than enhancing their knowledge base. A better thing is to pay more attention on learning and practicing than on profits, profits will automatically flow if your concepts, strategies are right.

LeviSievwright5

Member Since Jul 20, 2020  162 posts LeviSievwright5 Oct 28 at 01:12
Of course, small capital is needed to reduce losses. When a trader joins new trading he has less knowledge about trading. In this case, if he is given a big investment, he is more likely to lose that investment. So a new trader needs to acquire a lot of information and knowledge.

Betty_60

Member Since Jan 20, 2020  35 posts Betty_60 Oct 28 at 08:59
I agree with @Wreeves
Giving good amount of time to practicing is a must for every newbie if he wants to earn success in the long run.

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EURUSD 1.19481 GBPUSD 1.33468
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