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New in forex trading
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Mohammadi

Member Since Aug 11, 2017  725 posts Mohammadi Jul 10 2018 at 10:54
Beginners levee generally attacked by greed when trading above all with a large account , so i always prefer micro account for that.  no chance to reduce greed completely but of course it can be controlled.    

ChristianWay

Member Since Jul 12, 2018  12 posts ChristianWay Jul 19 2018 at 07:01
What about using demo? Have you tried that or did you start on micro?

Mohammadi

Member Since Aug 11, 2017  725 posts Mohammadi Jul 19 2018 at 10:54
In Fx trading there are many mandatory things that we have to ensure if we want to get maximal result from our trading . first of all when we newcomers have to move Babypips school to acquire real trading knowledge and also trade in a demo account at any broker, but practically mostly traders don’t believe the importance of this trading place at all. as a result they fall a great loss when trading practically.

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Aug 03 2018 at 07:01
A mandatory thing to do when you are a novice trader is a Demo account, no matter how long you'd remain there.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.

Accept the loss as experience
Adribaasmet

Member Since Aug 27, 2017  819 posts Adribaasmet Aug 13 2018 at 10:36
TiffanyK posted:
A mandatory thing to do when you are a novice trader is a Demo account, no matter how long you'd remain there.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.


Well said; I agree with your guidelines! But I see, a number of new traders are too hurry. As a result, they start the real trading so early that brings balance crushed.

LeadPellet

Member Since Aug 14, 2018  11 posts LeadPellet Aug 14 2018 at 10:39
I demo for a year and still had my account crushed after that. Maybe there is no good time to go real account

Abdielfx

Member Since Aug 09, 2018  10 posts Abdielfx Aug 16 2018 at 14:06
LeadPellet posted:
I demo for a year and still had my account crushed after that. Maybe there is no good time to go real account

how you were performing in your demo account??

JamesAnderson

Member Since Mar 26, 2018  31 posts JamesAnderson Aug 29 2018 at 08:55
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



Hey, If you still want to learn about forex trading the do these things:

- Participate in forum discussions
- Watch trading video
- Join groups in social media and start discussions
- Initial stage start trading from the demo account
- Read trading strategy and tips on different websites

GreenTrades

Member Since Aug 16, 2018  11 posts GreenTrades Aug 29 2018 at 11:57
JamesAnderson 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



Hey, If you still want to learn about forex trading the do these things:

- Participate in forum discussions
- Watch trading video
- Join groups in social media and start discussions
- Initial stage start trading from the demo account
- Read trading strategy and tips on different websites


Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.

LikeMustard

Member Since Aug 29, 2018  10 posts LikeMustard Aug 29 2018 at 14:18
GreenTrades posted:

Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.



Those are good beginner sources but be careful not to take the strategies etc. too seriously. Get the basics and then move on to more advanced methods. None of the simple strategies they use will work

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