May 03 2021 at 06:10
margaritastephen posted:But if they don’t use leverage, how will they make profits and actually get some experience?Imamul posted:That happens when you go with a really high leverage like 1:100. I think it's best to use as little leverage as possible while a novice trader is still learning.
when i was a newcomer always fall a great trouble when using high leverage , its a very risky approach i have done and every time i have faced loses
May 03 2021 at 06:22
I'm not saying they shouldn’t use it at all. Just keep it as low as possible. This will help them understand and know how to handle their trades without risking so much. I dealt with a limit of I:30 with my previous broker and even though my new one turnkey forex offers 1:100, I don't go beyond 1:50. I like having a certain degree of control over my trades and high risks can just mess that up man. And for a newbie, in particular, a huge loss could be really disheartening.
May 09 2021 at 13:18
Learn trading first. Don’t eager to real trading without knowing about the market properly.
LyudmilLukanov posted:Learning is the most important thing to make money from this market.
Learn trading first. Don’t eager to real trading without knowing about the market properly.
May 16 2021 at 12:19
Learning is very essential.
Trading education is very important. It is not possible to be a professional trader without a trading education.
May 17 2021 at 01:10
You may be able to make a profit by trading copy, but I think trading by myself is the best. If you make a loss in this, you can expect bright prospects in the future by learning from that loss.
First, a beginner needs to decide on a broker with whom he will continue his trading, and I do not think that a broker is suitable for both beginners and professionals, due to its conditions.
May 19 2021 at 09:24
i have seen most of the traders who are particularly newcomers always try to bring profit with high leverage , but its not possible at all.
Kazile posted:Yes, that's right. It is never possible to trade without a broker. First of all, I should choose a reliable broker. Then you have to gain knowledge from different websites.
First, a beginner needs to decide on a broker with whom he will continue his trading, and I do not think that a broker is suitable for both beginners and professionals, due to its conditions.
Of course, the broker, I consider the main part in order to be able to earn.
May 21 2021 at 18:56
Ferdii posted:All brokers are not same.
Of course, the broker, I consider the main part in order to be able to earn.
Despite the fact that at first glance it seems that they provide almost the same conditions, there is still a difference, and this must be taken into account.
May 24 2021 at 18:28
Duktilar posted:Yes. I am trying to say exactly what you are saying. All that glitters are not gold.
Despite the fact that at first glance it seems that they provide almost the same conditions, there is still a difference, and this must be taken into account.
May 25 2021 at 00:48
It is not possible to trade without a broker. So it is necessary to choose the right and reliable broker.
jimmyp84 posted:
Hi all
I am new to forex and interested in the autotrading but i can see it needs to be a live account and i cant demo it
Is there people on here that are using the autotrading and if so can you leverage the persons trades that they are making to suit your budget (I.E if you are autotrading a certain person and they put a large trade on it does not wipe your account out automatically)
Any advise on stratagies are also welcome
Kind Regards
James
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Autotrading is not a good habit as far as I know. The main power is using your own trading strategy and keep continue with your perspectives. So, I personally recommend you set your trading mindset first. If you totally ignore the necessary trading skills and join immediately then Copy Trading seems perfect to you. ForexCopier can give you the Copy Trading possibilities where you can able to trade with multiple accounts.
I would never recommend a newcomer to go for high leverages. It will be very risky since you don’t have enough knowledge about trading. Don’t copy others' strategies. Rather you can make yours.
May 27 2021 at 13:26
You can try copy trading so that you get some idea about developing a profitable system. You can use your own EAs later when you get a hang of it.
Choosing the right broker is essential to make money in trading. If a trader makes a mistake in choosing a broker, he will not be able to make a profit.
