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New to trading
Oct 10, 2024 at 05:11
190 Views
12 Replies
Member Since Mar 02, 2015
503 posts
Oct 10, 2024 at 05:38
وعليكم السلام
*Не следует множить сущее без необходимости ** «Бритва Оккама»
Oct 16, 2024 at 06:25
Hey there! Welcome to the world of trading! It can be a bit overwhelming at first, but here’s a simple way to get started:
Learn the Basics: Check out forums, books or online courses to get the hang of things. There’s a lot to learn about how markets work and how to analyze them.
Pick Your Market: Decide if you want to trade stocks, forex, crypto, or something else. Each has its own vibe.
Try a Demo Account: Most brokers have demo accounts where you can practice trading without any real money. It’s a great way to get comfortable with the platform.
Make a Trading Plan: Think about what you want to achieve, how much risk you’re okay with, and what strategies you want to use.
Start Small: When you go live, start with an amount you can afford to lose. No need to go all in right away!
Stay Disciplined: Stick to your plan and try not to let emotions take over. Trading can be a rollercoaster!
Join the Community: Engage with other traders, ask questions, and share your experiences. It’s super helpful!
Remember, it’s all about patience and learning as you go. Good luck, and enjoy the ride!
Learn the Basics: Check out forums, books or online courses to get the hang of things. There’s a lot to learn about how markets work and how to analyze them.
Pick Your Market: Decide if you want to trade stocks, forex, crypto, or something else. Each has its own vibe.
Try a Demo Account: Most brokers have demo accounts where you can practice trading without any real money. It’s a great way to get comfortable with the platform.
Make a Trading Plan: Think about what you want to achieve, how much risk you’re okay with, and what strategies you want to use.
Start Small: When you go live, start with an amount you can afford to lose. No need to go all in right away!
Stay Disciplined: Stick to your plan and try not to let emotions take over. Trading can be a rollercoaster!
Join the Community: Engage with other traders, ask questions, and share your experiences. It’s super helpful!
Remember, it’s all about patience and learning as you go. Good luck, and enjoy the ride!
In trading, knowledge is power; in practice, patience is key.
Oct 18, 2024 at 08:01
Everyone starts somewhere, so you're not alone here. Just like above mentioned, you have to start learning the basics and then from there, you will be able to decide to what to go ahead. Trading is a long-term game, so you have to make sure to stick with your plan.
Member Since Mar 02, 2015
503 posts
Oct 19, 2024 at 06:14
An important part of trade is the workplace - visualization is important.!!
*Не следует множить сущее без необходимости ** «Бритва Оккама»
Oct 21, 2024 at 08:12
Hey there! Welcome to trading! I’ve found Myfxbook to be a fantastic forum for learning and discussing strategies. It’s a great community to connect with others and share insights. Enjoy the journey!
Stay consistent, keep it simple, and let discipline shape success
Oct 22, 2024 at 11:44
If you’re serious about trading, take the time to educate yourself, practice with a demo account, and create a solid trading plan to set yourself up for success before diving into the market.
Stay consistent, keep it simple, and let discipline shape success
Member Since Sep 08, 2020
36 posts
Oct 24, 2024 at 05:16
I'd say a great place to start is by learning the basics, for example, things like how the market works, managing risk, and using technical analysis etc. There are plenty of online resources for this - youtube, blogs, free courses and more. Once you're starting to get comfortable, the next step is to open a demo account with brokers that offer islamic accounts like Fxview, AvaTrade and Tickmill. And then gradually make your way to start small with a live account to get some experience.
Member Since Mar 02, 2015
503 posts
Oct 24, 2024 at 10:08
Or start right away with a ready-made Trading System)
*Не следует множить сущее без необходимости ** «Бритва Оккама»
Oct 24, 2024 at 12:13
I think one who are new to trading, should start by watching videos and learning from ebooks and most importantly should engage in community, to get an overall idea and receive valuable suggestions. Personally, I followed this approach and am now part of a community called TSC,, its really helpful for me. Do you know anything about it?
All in for Success
Member Since Oct 21, 2024
61 posts
Nov 13, 2024 at 05:58
Starting with trading can be exciting but also overwhelming. Begin with the basics: learn key concepts like risk management, market trends, and the different types of trading strategies. It’s a great idea to practice with a demo account first—it allows you to get comfortable without risking real money. When you're ready, explore beginner-friendly assets like major currency pairs in forex or top cryptocurrencies, as they’re typically more stable. Good luck, and take it one step at a time.
Member Since Aug 18, 2019
82 posts
Nov 15, 2024 at 16:41
Trading is a journey, and starting on the right foot is key. Focus on learning the fundamentals, such as market mechanics, risk management, and technical analysis. Use online resources, books, or courses to build your knowledge. Open a demo account to practice without financial risk, and take your time refining your strategy. Keep your trading goals realistic, and when you feel confident, start small with a live account. Trading success requires patience, discipline, and continuous learning. Wishing you success!
Adapt, analyze, and achieve — one trade at a time.
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