Newbie looking for guidance and support

Apr 29, 2020 at 13:14
3,753 Views
74 Replies
Member Since Jan 06, 2020   83 posts
May 10, 2020 at 12:35
serk1 posted:
HiddenLevelMQ posted:
do not use any paid signals, waste of money, my advice find ONE method and practice it on a demo until you are at least profitable for 1 month-3months

thats all you need, I went through the journey of paying for signals and lost money, I then paid for a course which was a waste of money, I'm lucky by chance I met a man in a cafe who took the time to show me his 1 strategy and since then I aim for 50 pips a day at the minimum and have compounded my account

I think trading yourself is risky. People have emotions and those who don't even understand how to control it will lose most of the tine.
I have a friend who's a good trader but he always loses at the end because of his greed to make more.
My 1st financial success came from having a software trade for me. It also gave great commisssins if i brought in clients, which i did.

There are companies out there who truly want to help because their clients success depends on their success.

Having your money work for you gives you tine to do other things that one really enjoys. Life is too short to soen d most of it looking at a chart lol.


In forex you must take loss when necessarily if you see that trades already against you or you made a bad call, this is the key to moneymanagement and consistency of profits.
Market Direction
Member Since Mar 23, 2016   3 posts
May 10, 2020 at 12:43
in Short you must use stop losses
If It Doesn't Bring You Energy, Inspiration Or Orgasm, It Doesn't Belong In Your Life.
Member Since Jan 06, 2020   83 posts
May 10, 2020 at 13:20
shados posted:
in Short you must use stop losses
Exactly.
Market Direction
Member Since May 11, 2020   74 posts
May 12, 2020 at 07:36
shados posted:
in Short you must use stop losses
simple but effective answers. I feel like some of the traders tend to ignore this.
Member Since May 08, 2020   3 posts
Jun 10, 2020 at 07:27
shados posted:
in Short you must use stop losses

Agree,

and don't trade with high leverage
Member Since May 13, 2020   128 posts
Jun 12, 2020 at 04:15
Many brokers provide very good support for beginners.
Member Since Jun 16, 2020   35 posts
Jun 16, 2020 at 13:27
What is the benefit of using leverage instead of bonus?
Member Since Nov 17, 2012   348 posts
Jun 19, 2020 at 11:10
i am 10 years of experienced

tips

u have to find more than 1000 strategies back test them at 16 major pairs for atleast 5 years each strategy
2nd find 1000 Ea,s ( free ) and back test them for several of years
then find a suitable strategy among all above and be consistent with that which also fits your nature , like if ur grid trades , scalper , long term trades , find relevant strategy and work daily on that at 16 major pairs and after 6 months u should be at a result

skype id millennium.analyst
Member Since Jul 19, 2020   318 posts
Aug 26, 2020 at 18:50
Every newbie should gather knowledge and experience from a demo account before trading in real account with their real money.
Member Since Aug 26, 2020   2 posts
Aug 26, 2020 at 21:40
mawao123 posted:
Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?

Thank youi
can you teach me more
Member Since Jan 07, 2013   5 posts
Aug 27, 2020 at 00:25
Youi:
Don't do signals, learn the basics first and then you can consider signals but signals is never the answer if you want this to become your fulltime job. Start by learning from babypips.com, you are also welcome to PM me or find me at https://www.myownforex.guru

Regards,
Chris
Trade safe and trade smart
Member Since Jul 19, 2020   788 posts
Aug 27, 2020 at 00:41
Those who join new trading need a lot of support. A new trader can face many problems starting from opening an account. And they need a lot of guidance and support to get rid of this problem. The basic idea I get when I join new trading is through a broker. When I started my trading carrier, I did not know about Forex. I learn the basics with the help of Eurotrader broker.
Member Since Jul 20, 2020   298 posts
Aug 27, 2020 at 02:01
New traders need a lot of support and guidance. When someone joins new trading, they want to get an idea of ​​the basics. They need support to get an idea of ​​the basics. I had no idea about Forex trading when I joined as a new trader. Just then I got a mentor who taught me a lot. I have learned a lot from the broker. I have collected hell information from the broker's website.
Member Since Jul 27, 2020   102 posts
Aug 27, 2020 at 07:44
If you are newbie and are looking for some guidance on how to start, it is best to try out babypips school of pipsology. It is one of the best resource material for you to read without having to pay for anything.
Member Since Aug 05, 2019   50 posts
Aug 27, 2020 at 11:57
cardigan posted:
If you are newbie and are looking for some guidance on how to start, it is best to try out babypips school of pipsology. It is one of the best resource material for you to read without having to pay for anything.

Agreed. Babypips course is one of the best courses to start with. Even some good forex experts on youtube are of great help for beginners. You can check them too.
Member Since Jul 19, 2020   34 posts
Aug 27, 2020 at 12:41
If you are new in this market, you need to have proper knowledge and education about trading. Without knowledge, you can not make money from this risky market.
Member Since May 29, 2020   5 posts
Aug 27, 2020 at 13:20
mawao123 posted:
Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?

Thank youi

I disagree about paying for training. The axiom, you get what you pay for holds true even in the world of forex. Meaning, if it’s free, it might be worthless. Sure there's free info on YouTube. There's also a lot of useless crap on YouTube. How is a beginner to know the difference? My mentor has brought me up to speed and turned me into a trader. He was a referral from a mutual friend. My point is, if you can verify the expertise, paying for training is definitely worth it. I most profited from having one-on-one sessions in which any and all of my unique questions could be answered. Try getting that out of a YouTube video.
ABS - Always Be Scanning!
Member Since Apr 29, 2020   9 posts
Aug 27, 2020 at 13:44
Thats everyone for contributing i have made steady progress since posting this question. I am always open for further learning.

There are genuine courses and help out there but its difficult finding among the many misleading offers.
Member Since May 29, 2020   5 posts
Aug 27, 2020 at 14:37
I don't know what the policies are for posting referral information, but I enrolled in IFETI. The International Foreign Exchange training Institute. Of course, you don't know me from Adam, so my previous comment stands. This is just another referral from an unknown source.
ABS - Always Be Scanning!
Member Since Apr 13, 2018   35 posts
Aug 27, 2020 at 20:43
@mawao123 and others.


Those who know trading, trade. Those who don't, teach others.

I have not read other's comments, but my point is just study from online materials, youtube is BS, Signals are BS, Copy trading is a nice way to diversify risk but not in initial stages.
And demo acc is a nc way to start but don't spent too much time on it or it looses its purpose. You can open a 20$ mini acc and keep trading on 0.01 lots instead of mini. you might loose it all a few times but thats just a part of learning. we have all blown a few accounts in past, but thats what makes us experienced enough to trade and help others.

do ask more if you can tell how you trade and how have you learnt.
Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
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