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Newbie looking for guidance and support

FundsProManager (TraderProHungary)
May 10 2020 at 12:35
83 posts
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.

shados
May 10 2020 at 12:43
3 posts
in Short you must use stop losses

If It Doesn't Bring You Energy, Inspiration Or Orgasm, It Doesn't Belong In Your Life.
FundsProManager (TraderProHungary)
May 10 2020 at 13:20
83 posts
shados posted:
in Short you must use stop losses

Exactly.

reggae
May 12 2020 at 07:36
61 posts
shados posted:
in Short you must use stop losses

simple but effective answers. I feel like some of the traders tend to ignore this.

Roberto21
May 12 2020 at 09:53
364 posts
now i leave the live account , because market movement right now very confused and volatile , for that reason demo trading is my first priority, even though its a boring but no way right now. because trading with real balance can be dangerous in corona virus issue.

eluckyrin
Jun 10 2020 at 07:27
3 posts
shados posted:
in Short you must use stop losses


Agree,

and don't trade with high leverage

Stonesong
Jun 12 2020 at 04:15
128 posts
Many brokers provide very good support for beginners.

christielowe
Jun 16 2020 at 13:27
35 posts
What is the benefit of using leverage instead of bonus?

Fx Scalper (fxsc1lper)
Jun 19 2020 at 11:10
348 posts
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
GeorgeBischof
Aug 26 2020 at 18:50
318 posts
Every newbie should gather knowledge and experience from a demo account before trading in real account with their real money.

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