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NEW TO TRADING
May 29, 2021 at 10:42
Miembro desde Apr 22, 2021
posts 8
For me, the most important part is getting knowledge about trading platform/broker. I think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me to choose the right broker. I searched a lot of sites in order to find smth good. I also spent a lot of time looking for a broker and accidentally found this site Finarm, which has a whole bunch of different companies listed. It's pretty convenient and can give you some insights.
Miembro desde Mar 17, 2021
posts 494
Miembro desde Mar 17, 2021
posts 494
Nov 06, 2021 at 18:27
Miembro desde Mar 17, 2021
posts 494
RobSchiz posted:Aurisida posted:
No matter how much a beginner would like to make real money faster, it is best to practice on a demo account, it will show you will not be sure of your readiness
Yes. Proper practice can help you to make huge money.
Practicing can make you very skillful and experienced.
Miembro desde Jan 13, 2021
posts 50
Miembro desde Jul 26, 2019
posts 30
Nov 09, 2021 at 15:12
Miembro desde Jul 26, 2019
posts 30
I always advice new traders to start off from the determination why do they need trading. If they can answer this question without any illusions, like making millions, then they should start learning trading activity. Try to learn as much information as you can and try to do it chaotically. Of course, you have to determine which trading style is the most preferable to you. For example, if we speak about technical analysis and short-term trading, then try to learn everything about it. When you will gain some information, you have to find a proper broker and open a demo account. There you can start practicing and gaining experience. After you see the results of your practicing, try to trade small amounts of money on a real account and analyze your steps.
Nov 10, 2021 at 05:41
Miembro desde Jun 16, 2020
posts 57
I would suggest a few things:
1. Know the significance of educating yourself regarding the Forex market.
2. Understand your limits and risk taking power.
3. Understand where to stop during the trade.
4. Control your emotions.
5. Maintain a slow and steady pace.
1. Know the significance of educating yourself regarding the Forex market.
2. Understand your limits and risk taking power.
3. Understand where to stop during the trade.
4. Control your emotions.
5. Maintain a slow and steady pace.
Nov 10, 2021 at 08:13
Miembro desde Dec 09, 2013
posts 138
cashonmymind posted:
I'm interested in trading but don't know where to start. Any tips?
First to start with, make up your mind to be devoted towards Forex learning. Do a good search on the internet to get forex videos, lessons, pdf. You get a lot of free learning materials on the web. Practice your learning on demo account. Take time to find a solid strategy that works for you. Never be in a hurry to jump into live trading. I am wishing you all the very best.
Dec 09, 2021 at 06:58
Miembro desde Mar 28, 2021
posts 586
Skinim posted:
It's very good for a beginner, you need to practice on a demo account in order to quickly switch to a real account.
Here are some reasons why it is highly recommended for you to practice with a demo account:
Learn and experiment with play money
A demo account mimics the actual market in real time and allows you to use play money. This gives you space to try out a number of techniques, without fear of losing your actual money.
Dec 09, 2021 at 07:12
Miembro desde Jul 02, 2020
posts 18
Akasuki posted:Skinim posted:
It's very good for a beginner, you need to practice on a demo account in order to quickly switch to a real account.
Here are some reasons why it is highly recommended for you to practice with a demo account:
Learn and experiment with play money
A demo account mimics the actual market in real time and allows you to use play money. This gives you space to try out a number of techniques, without fear of losing your actual money.
I agree with you completely - if a person cannot be profitable on a demo, there is no way you can trade a live account without all the added pressure! You can also learn to trust your system 100% and this will help relieve a lot of pressure on a live account.
Miembro desde Aug 17, 2021
posts 87
Miembro desde Nov 23, 2021
posts 34
Dec 16, 2021 at 13:17
Miembro desde Nov 23, 2021
posts 34
There is so much information on the internet that you can go through to learn forex trading. You can read articles, watch videos, and even attend webinars to know more. Plus, forums like myfxbook are a great place to talk to other traders about their strategies and learn.
Miembro desde Aug 05, 2021
posts 394
Miembro desde Aug 19, 2022
posts 42

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