New in forex trading

Apr 23, 2017 at 06:52
5,183 Views
121 Replies
Member Since Jan 31, 2018   16 posts
Jan 31, 2018 at 15:42
Part of baby pips I think
Member Since Aug 09, 2017   785 posts
Feb 01, 2018 at 13:23
The newcomers should take micro account but maximum traders take demo trading and after passing sometimes they lost interest . so it is more important to take decision when as a newcomer.
Member Since Oct 08, 2016   58 posts
Feb 02, 2018 at 11:57
From all I think point 2 is more important , actually it would be better for leading a comfortable trading life with certainly if we choose our brokers according to our trading understanding, otherwise that’s not possible at all to lead a comfortable trading life with surely despite of having good trading knowledge , so really we have to be more careful when choosing a broker.
To change your trading result, just change your thinking.
Member Since Jan 31, 2017   200 posts
Feb 02, 2018 at 12:36
You may also try to follow some traders with good perfrmance. There are a lot of different platforms where you can find trader and allocate some amount for his strategy. It is the simplest way.
Trading system developers and strategy providers.
Member Since Aug 09, 2017   785 posts
Feb 04, 2018 at 06:05
If any newcomer lose money by overtrading or others immature trading activates there is no possibility to come out from losses. Both of traders lose from here , but the different is the newcomer who got learning Forex he can take a lesion from losses but who losses by trading at random he got nothing. So, after learning don’t frustrated by your lose. It’s a path to learn your more
Member Since Aug 11, 2017   886 posts
Feb 08, 2018 at 12:24
Newcomers always try to make huge money from here without learning. As a result they become loser due to lack of exact trading knowledge and experience. Newbie’s should keep a cooling mind when trading practically and have to ensure how to control emotions by proper trading discipline.
Member Since Feb 09, 2018   12 posts
Feb 11, 2018 at 06:43
Easier said than done. Most newbies just want to make a quick buck and get rich by the end of the week
Member Since Dec 11, 2015   1487 posts
Feb 11, 2018 at 15:12
OsloHoney posted:
Easier said than done. Most newbies just want to make a quick buck and get rich by the end of the week

And consequently they lose their entire accounts and leave trading altogether. Or at least most do, some people decide to actually sit and learn.
Member Since Aug 09, 2017   785 posts
Feb 25, 2018 at 06:49
Success in Forex market can be easy just if you can keep a great patience for a long time. only patience is the key to success in Forex.
Member Since Feb 26, 2018   13 posts
Feb 26, 2018 at 13:27
Can Forex really be easy? Everyone finds it so tough (me included!)
Member Since Dec 11, 2015   1487 posts
Feb 26, 2018 at 14:44
Imamul posted:
Success in Forex market can be easy just if you can keep a great patience for a long time. only patience is the key to success in Forex.

If it requires such an effort can it be labelled 'easy'?
Member Since Aug 09, 2017   785 posts
Mar 01, 2018 at 13:19
for newbies demo trading service is available here and there! So, you can start your demo from anywhere! But try to use transparent Forex brokers! Then you can start your live trading with the same broker! But I would suggest to use multiple demo accounts for standard judgement! Happy learning!
 
Member Since Mar 01, 2018   13 posts
Mar 02, 2018 at 09:37
Multi demo accounts is a good idea but I often find that a broker live account is very different from the demo account
Member Since Aug 09, 2017   785 posts
Mar 11, 2018 at 06:58
A healthy trading investment is good for trading! But trading with low trading capital is not impossible actually! For a good skilled Forex trader everything is possible here! Even, investing money without proper knowledge is always risky! By the way, I started my live trading with 1K only.
Member Since Aug 11, 2017   886 posts
Mar 14, 2018 at 12:12
Well, Forex trading business is the most standard way of money making! It’s not easy actually! So, you are not sure about your success please don’t take this profession as your full time job! Start your trading as a part time trader, then move here according to your live trading performances! If you get regular income then surely you can stay here as like others newbie!
Member Since Feb 12, 2016   427 posts
Jul 06, 2018 at 07:47
Indorder posted:
Multi demo accounts is a good idea but I often find that a broker live account is very different from the demo account

If there are such brokers, trading on a Demo account before going Live becomes absolutely pointless. That's so misleading.There should be a regulation for this .
Accept the loss as experience
Member Since Jan 05, 2016   1189 posts
Jul 06, 2018 at 22:42
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand

My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.

If however you are looking to invest some capital and are looking to get a reasonable return on your investment, then you should look into professional investment services with a reputable company that will provide you a dedicated account manager who will oversee your accounts for your.

A reasonable expectation from a professional account manager for your investments, using a low risk investment strategy to protect your investments, would be a return on your investments of around 5% to 10%. A slightly more aggressive investment manager would probably return around 10% to 25%, but again, there is higher risk.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since May 10, 2018   22 posts
Jul 08, 2018 at 06:44
Professional4X posted:
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand

My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.


Perfect advice!
If you don't have any knowledge about Forex than please stay away from it.
Member Since Aug 27, 2017   994 posts
Jul 08, 2018 at 11:34
emily_smith posted:
Professional4X posted:
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand

My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.


Perfect advice!
If you don't have any knowledge about Forex than please stay away from it.

Exactly, there is no manual way without knowledge! But I see, many investors are using advance automatic services to make money here.
Member Since Jan 05, 2016   1189 posts
Jul 08, 2018 at 20:21
Adribaasmet posted:
Exactly, there is no manual way without knowledge! But I see, many investors are using advance automatic services to make money here.

There are numerous systems which work great under very specific conditions over the short term such as a few days or weeks., but eventually they all stop making money reliably. Otherwise everyone that invests would be wealthy. How many new traders do you actually know that are millionaires because of some EA advertised as 'The Ultimate Holy Grail Trading System for $19.95!!! For a limited time!'

To really make a substantial return on the investment, automated systems have to show a consistent rate of return regardless of the market conditions. Such systems do exist, but they're most certainly not available to the general public.

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