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I'm new to Forex trading and looking for some advice

RobSchiz
Dec 09 2021 at 19:24
567 posts
LyudmilLukanov posted:
Take the time to study currency pairs and what affects them before risking your own capital.
Proper education is a mandatory thing in this market. You can make huge money if you have proper knowledge about the market.
Davidfx89
Dec 17 2021 at 06:39
199 posts
according to me any kind of advice can be useless if there is no regular level of practice of trading , so it is more appropriate to focus on there.
LucianVince
Dec 17 2021 at 13:23
34 posts
There is a difference between what you learn about the forex market and how it really is. Obtaining knowledge about the concept should be your first step and the next step should be applying your knowledge. After demo trading for a while, use a small amount when you go live. Understand the market well before you take a big step.
Adribaasmet
Dec 18 2021 at 13:16
994 posts
only trading advice cant brings good knowledge and experience until having a regular practice. so we the traders should focus on there first.
RobSchiz
Dec 18 2021 at 19:29
567 posts
Adribaasmet posted:
only trading advice cant brings good knowledge and experience until having a regular practice. so we the traders should focus on there first.
Yes. You are absolutely right.
croisssan
Dec 18 2021 at 19:49
939 posts
As for me, an important step for a beginner is working on a demo account. At least when I worked with a broker, it was with a demo account that I learned.
Adribaasmet
Dec 21 2021 at 13:42
994 posts
the newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker which allows trading concepts such as this.
AhmadAli89
Sep 18 2022 at 08:35
93 posts
Leverage and spread are the most talked issue on the market. Not only leverage but also we focus on spread, margin level, account types and similar other issues.
tobeygomez
Sep 19 2022 at 10:59
34 posts
AhmadAli89 posted:
Leverage and spread are the most talked issue on the market. Not only leverage but also we focus on spread, margin level, account types and similar other issues.
Well, talking about leverage I would say that a newbie must always go for a lower leverage as high leverage involves high risk.
Fx_keeth
Sep 20 2022 at 12:52
45 posts
AhmadAli89 posted:
Leverage and spread are the most talked issue on the market. Not only leverage but also we focus on spread, margin level, account types and similar other issues.

True that! Apart from leverage and spreads, margin level also plays an important role in trading. Before choosing any broker you need to check and understand all their trading conditions and their offerings.
Scortation
Sep 23 2022 at 08:01
26 posts
It takes time to fully comprehend forex trading. It is preferable to concentrate on your studies at this time. Upgrading your knowledge and skills is the solution to all of your problems. After gaining the necessary knowledge and skills, you will be able to read charts and predict the market.
KAnthony
Sep 26 2022 at 14:05
90 posts
hi all. i'm newbie too. and would be great for advices.
i try and try trade on a demo account. but it's too complicated for me. and now i was even thinking about investing so get experience like that. and tried scalping. and tried long-term trading. and i really don't know what do.
how did you find your way to make money?
MicMic12
Sep 26 2022 at 14:43
5 posts
My advice, with draw everything from your broker. Half of this money, take out as cash and burn it. The other half spend on your family. At least that way some of the money will do some good. If you leave it all in your broker, you will soon lose everything
Jacnum
Oct 25 2022 at 06:15
21 posts
If you are new to forex trading, you should first have finished a course, and demo traded before opening a live account.
By seeing the picture attached, it seems to me you are over trading. Although the picture speaks of the majority of profits, remember that it is easy to make profits in the short term, but difficult to maintain profitability in the long run. So practise trading psychology. Do not indulge in over-trading and revenge trading. Fix a particular currency pair that you want to trade. Focus on only one pair at a time, at least for a year, and be consistent with your strategy.
Snorkel
Oct 31 2022 at 06:37
24 posts
I would advise you to start with a small amount you can raise your capital when you will have complete confidence in your trading. And ya one more advice is do use a combination of indicators! Happy trading.
Semiology
Oct 31 2022 at 07:31
19 posts
Newbies could refer to some technical analysis books to understand how to read the charts better and then implement the knowledge practically on a demo account. Remember, learning is an ongoing process and it takes time to master the art of trading, so be patient.
Remstarcy
Nov 02 2022 at 11:12
16 posts
Register yourself for a course. Babypips offers a free course, you can definitely go there. You should also buy books to read. In the meantime when you are learning, trade simultaneously in a demo account.
Propine
Nov 09 2022 at 08:03
15 posts
Hi there, newbies should check out this book written by Michael Covel named, ‘Trend Following.’ Also, they need to first figure if you wish to trade short term or long term. Find your style of trading and then move forward. All the best!
Baccasa34
Nov 10 2022 at 05:40
75 posts
Well, Positive excitement instigates traders to grow trading knowledge but negative excitement stirs traders’ brain.
jisanjipu
Nov 13 2022 at 05:01
44 posts
exactly , agree with you , simple message but effective
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