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Newbie ans strategy
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Imamul

Member Since Aug 09, 2017  436 posts Imamul Dec 21 2019 at 10:19
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   

swimmable

Member Since Dec 23, 2019  8 posts swimmable Dec 23 2019 at 16:06
Roberto21 posted:
If you want to make profit b y scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.


Scalping is a mugs game unless spread is 0.1 and you have tiny commission. Otherwise broker will take all your gains

Johny_tr

Member Since Oct 19, 2019  19 posts Johny_tr Dec 27 2019 at 10:00
Imamul posted:
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   

Exactly, one can only succeed in this market, if his/her basics are clear. If they aren’t, then the end is near.

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Dec 30 2019 at 14:14
Johny_tr posted:
Imamul posted:
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   

Exactly, one can only succeed in this market, if his/her basics are clear. If they aren’t, then the end is near.


Basic as well as the advance knowledge; only basic instructions are not enough here but no doubt, traders need to start by the basic!

Felhagamand

Member Since May 14, 2019  10 posts Felhagamand Dec 31 2019 at 14:57
It seems to me that if this sounds right, you should come to the market or to trading with at least a little theoretical preparation. You need to understand what the market is and know its basic laws in order to always navigate in the current situation and act in such a way as to minimize your own risks and in general stay informed about all events. In fact, it is not at all easy and takes a huge amount of time. But I am convinced that it is worth it, because trading gives you the freedom that most business areas can't provide, particularly because you don't need an office or a whole team of employees here. You can literally work for yourself and although it is not just a responsibility. It's worth it in terms of performance.

Andromaris

Member Since Apr 18, 2019  11 posts Andromaris Dec 31 2019 at 15:16
Newbie also should develop its own strategy, but thats should go along with learning, so the best way is to trade copy another traders strategy and try to adjust them and make them better, That's the way most newbies come to become successful traders.

Imamul

Member Since Aug 09, 2017  436 posts Imamul Jan 01 at 09:19
every trading system is a losing approach
if you dont know how to manage risk when trading in practical. 

Mikagul

Member Since Jul 12, 2019  6 posts Mikagul Jan 01 at 13:03
It's really hard to decide where to start in almost any field, because you need to be responsible for a lot of nuances and here you can't put responsibility on a bad boss or some external circumstances. And if you try to do something like that, then by no means count on a huge success, because it certainly will not be. I think we should initially come to the fact that trading requires three things: initial investment, market knowledge and system work. Not in the sense that you have to choose only one strategy or trade a certain amount of time per day. But in the sense that you should perceive every trading session as a full working day, which today will bring you a positive result and then everything will work out for sure.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Jan 01 at 13:07
Mikagul posted:
It's really hard to decide where to start in almost any field, because you need to be responsible for a lot of nuances and here you can't put responsibility on a bad boss or some external circumstances. And if you try to do something like that, then by no means count on a huge success, because it certainly will not be. I think we should initially come to the fact that trading requires three things: initial investment, market knowledge and system work. Not in the sense that you have to choose only one strategy or trade a certain amount of time per day. But in the sense that you should perceive every trading session as a full working day, which today will bring you a positive result and then everything will work out for sure.


I agree on all of your 3 points but wanna rearrange the list: 1) Trading knowledge. 2) Trading system & then the investment part.

Trallod

Member Since Oct 30, 2019  4 posts Trallod Jan 04 at 10:32
Everything written is true, especially the phrase about capital safety. That's one of the most common beginners fails, as beginners want to obtain quick results and want to earn fast. Following such dreams, newbie traders rise risks and take risky deals and, as a result, blow up deposits. That's sad but true and finally such traders say 'forex is not a place where you can earn' and than quit the trading. The only thing all beginners should learn first is that profits don't matters, the first importance thing is not to lose own deposit.

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