newcomers trading habit
Apr 22, 2020 at 15:07
The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
Member Since Dec 09, 2019
60 posts
Apr 23, 2020 at 07:31
I mean there are so much to learn in forex trading..you have to control your emotions, you have to manage the risk, money and more...that is what forex trading so much beautiful in the end.
Apr 23, 2020 at 12:24
True @feelsofine Emotions are one thing which i consider the most in trading, it is very important to learn to deal with it otherwise it ruins your trading.
Member Since Aug 27, 2017
994 posts
Apr 24, 2020 at 16:40
as a newcomer Don’t focus on your capital; focus on your process! By the way, you have to invest your capital only when you are very sure on your trading skill, here knowledge is the key not your healthy trading equity.
Member Since Jan 05, 2020
16 posts
May 15, 2020 at 20:14
The fastest way for a beginner to get settled is a demo account. Even there, the trader starts to develop some habits and new qualities. If they are good and have a positive effect on both trading and the person - then they should be developed further. If they aren't, then they must be immediately changed or even eliminated. The trading journal also helps to follow yourself and your habits. Using it, you'll be able to analyze the problems and find your weak points. So, I recommend keep trading journal to all beginners!
May 18, 2020 at 08:23
Imamul posted:True, even i had a problem being patient in the start. Patience takes a lot of time to come to newbies. But practice should be restricted to demo trading only, as emotions are less prominent there. We should do both demo and live account trading if we want to control emotions.
practically as a newcomer it is quite difficult to keep patience for a long time , so demo trading for long time we the newcomers have to practice , it can help us for ensuring a great patience.
May 21, 2020 at 09:09
reggae posted:Right! In the beginning everyone faces issues, but with good research and study, they get a good hold on everything.
It is very difficult for newcomer to make the right judgment since they are new to everything. But hopefully, by the time, they know how to adjust and make the changes can help in bringing the dramatic difference.
Member Since Jan 06, 2020
83 posts
May 21, 2020 at 11:11
Go and trade with experience trader before you try to trade on your own, as a professional I will never advise you to venture into trading yourself if you have not done that I just said, and at least 1 year with a proffesional experienced trader.
Market Direction
Member Since Dec 20, 2019
23 posts
May 26, 2020 at 17:58
Just take your time, because rushing won't help you earn or succeed. And maybe you shouldn't be afraid of making mistakes. It's okay.
Member Since Jan 06, 2020
83 posts
May 26, 2020 at 18:35
Mohammadi posted:
The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
Get a good risk management and you are a successful trader
Market Direction
May 28, 2020 at 07:18
Vozil559 posted:I agree! No single strategy works all the time, the market keeps changing. Good advice
A beginner's best habit is to get used to what you have to learn. This is a fact, because if you think you can learn one strategy and earn money from it, you are already on the wrong track.
May 30, 2020 at 16:00
You just have to try and not think ahead about what you can't do.
Yes, it can happen, but your task is to prepare for any scenario in such a way that it will not be a tragedy for you. You should always stay one step ahead. Or better yet, a few.
Yes, it can happen, but your task is to prepare for any scenario in such a way that it will not be a tragedy for you. You should always stay one step ahead. Or better yet, a few.
Member Since Aug 27, 2017
994 posts
Jun 02, 2020 at 17:42
Forex market or forex trading i think is completely secure but it depends on your broker performance , because without a broekr you cant a trade at all.
