FX Trading Tips

Jan 13, 2011 at 11:12
6,027 Views
60 Replies
Member Since Feb 20, 2021   53 posts
Sep 02, 2021 at 07:51
Learning comes with time. The more you spend time trading, the better you get at it. Give yourself some time because you need to understand the market before you expect it to work in your favor. First, gain some experience on your demo account and then, go live but with an amount that you are comfortable losing. Take steps one by one and it will go smoothly.
Member Since Jun 17, 2020   3 posts
Sep 03, 2021 at 06:30
Imamul posted:
how to keep emotions from this trading place its a good tips from all, this bad trading habit is very dangerous from all.
It needs time, patience and experience for a trader to finally learn how to keep his emotions away from trading. It’s very common to drift by negative emotions after a loss. I generally prefer to take a break if I feel that it's getting hard for me to control my emotions.
Member Since Mar 17, 2021   536 posts
Sep 03, 2021 at 08:11
Semrica posted:
Imamul posted:
how to keep emotions from this trading place its a good tips from all, this bad trading habit is very dangerous from all.
It needs time, patience and experience for a trader to finally learn how to keep his emotions away from trading. It’s very common to drift by negative emotions after a loss. I generally prefer to take a break if I feel that it's getting hard for me to control my emotions.
Yes. Patience and experience are the most important thing you need to have to survive in this market.
Member Since Jul 19, 2020   751 posts
Sep 06, 2021 at 10:54
Patience is one of the important qualities of a trader. They have to wait for the right time to take entry and exit. Add patience comes from experience.
Member Since Jul 20, 2020   399 posts
Sep 07, 2021 at 06:49
I would say its the most important with risk management. If you have both you are a lot of the way there imo
Member Since Mar 17, 2021   536 posts
Nov 13, 2021 at 17:41
Unellene posted:
here you also need to understand that everyone has their own most important aspect in work, and it's good that many share their opinions
Yes. you are right.
Member Since Jul 19, 2020   751 posts
Dec 09, 2021 at 04:15
Basically, it’s an open platform, so anyone can start Forex trading according to their personal choice! But I think, new traders should start their trading as a part time trader! EUR/USD is the best trading pair for them and scalping is the best trading style for newbies!
Member Since Mar 28, 2021   617 posts
Dec 09, 2021 at 07:49
Risk is a common factor in this market. If you can cope with the risks you can easily make plans and make money from this market. You always need to make plans to minimize the risks.
Member Since Aug 17, 2021   94 posts
Dec 11, 2021 at 18:36
Thank you so much for providing this data. For the past year or so, I've been reading and learning about forex. This has helped me think more clearly about my trading abilities and what I need to improve.
Member Since Nov 23, 2021   34 posts
Dec 16, 2021 at 13:11
It’s okay to be emotional. You won’t understand the importance of not letting your emotions be a part of your decision-making until you don’t actually trade. So, gain experience with small amounts and increase your risk appetite eventually.
Member Since Jun 26, 2020   327 posts
Dec 17, 2021 at 04:54
actually all trading tips is really important , according to me trading tips can be useless if there is no regular level of practice. so we the traders should focus on there besides this.
Member Since Mar 28, 2021   617 posts
Jan 09, 2022 at 10:58
In the absence of sufficient knowledge as well as experience not uncommon losing money, and being terrified. Old or new we will be a victim of loss if we don't know the market and adhere to strict rules.
Member Since May 07, 2022   40 posts
Jul 19, 2022 at 09:42
One of the best tips or advice I can give to newbies is to be consistent it is the key in order to survive long in the trading world
Member Since Jun 22, 2022   22 posts
Jul 25, 2022 at 10:56
Really nice post. Actionable and wise tips especially for new traders. Keep sharing such types of helpful advice and suggestions.
Member Since Jun 01, 2022   9 posts
Jul 25, 2022 at 16:51
Top tip is to focus on learning skills rather than maximising profit. The more you learn the more profits will naturally come
forex_trader_2983986
Member Since Aug 04, 2022   31 posts
Aug 21, 2022 at 06:45
jisanjipu posted:
skill is important no way to avoid it but besides this need a regular level of practice. so we the traders should focus on practice session first of all.
Exactly. Even on Lives I also tweak my strategy daily, this allows for consistency, a lot of hard works but worth it to keep profits coming daily from the ever changing market. I spend almost 16 hours daily on trading hours on screens, one hour reserved for break and other things.
Member Since Mar 28, 2021   617 posts
Aug 21, 2022 at 09:43
Success never comes so easily rather it comes through several ups and dfowns. You should try to cope up with the market condition so that you never get slipped out of trading.
forex_trader_2983986
Member Since Aug 04, 2022   31 posts
Aug 21, 2022 at 10:22
Akasuki posted:
Success never comes so easily rather it comes through several ups and dfowns. You should try to cope up with the market condition so that you never get slipped out of trading.
Exactly. I don't give out profits i made Back to the Market each day. For each dollar i make, I will only risk few percentage of the profits in Next trade to gain more.
Member Since Aug 17, 2022   39 posts
Aug 31, 2022 at 06:42
Start with a demo account, use stop loss, determine lot position size carefully, trade wisely keeping aside greed and focus on growth instead of focusing on quickness of earning, focus on consistency of earnings.
Member Since Mar 28, 2021   617 posts
Sep 17, 2022 at 08:04
I can suggest you fibonacchi as an indicator because it will help understand the trends of the market. It shows traders with different trading angles and points.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.