So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
as a new Fx trader Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit
If you are new in this market, you should have proper knowledge about the market and trading. You can gather all kinds of knowledge about the forex market from a demo account. It will help you to learn all the basics of forex properly and perfectly.
There is a lot to learn if you want to trade. It is never possible to make a profit with a little education in trading. Trading cannot be done if proper knowledge is not about trading. I have done a lot of research on trading and after doing so much research I have been able to make some profit. There is some time management for trading, there is no time to trade all the time. I analyze the Tokyo session and open the trade at the London session. Those who are new to trading need to gain a lot of knowledge online.
It is always good idea to start with demo trading which can tide you over your trading process and having some knowledge thanks to some courses, I would go for babypips school of pipsology, to start it off with.
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.