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newcomers trading habit
Jun 03, 2020 at 10:51
Member Since Jun 01, 2020
55 posts
Adribaasmet posted:
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.
You are right, the decision regarding the choice of a broker is very crucial and must be made after a thorough research.
Member Since Jun 03, 2020
1 posts
Jun 04, 2020 at 06:57
Member Since Jun 01, 2020
55 posts
Roberto21 posted:Exactly. We really need to be aware about the ones which are scam. So double check before choosing one.
Nowadays it’s very difficult to consider a broker as a best broker, because lots of trading brokers are available in retail market place and most of them are found to be scams.
Jun 06, 2020 at 11:52
Member Since Dec 29, 2019
21 posts
Before starting I've read couple pages for newcomers and found out for myself a few habits following which might help faster to get enough capital. Firstly you should make a plan? a schedule and follow it. Secondly, invest in yourself, in your education, try everyday to fill your wealth of knowledge. Thirdly you should have a mentor. And finally don't be afraid of make mistakes, the main thing: analyse your mistakes and don't repeat them.
Member Since Jun 05, 2020
33 posts
Jun 09, 2020 at 10:40
Member Since Jun 05, 2020
33 posts
Dictiony posted:I agree on that! Having a control on emotions is predominant to have success in this market. However, it is not that easy to do that
You must learn how to control your emotions to stay in the market. If you have no control over your emotions then it will be harmful. So always learn skills, and have good rsk mangement will be helpful.
Member Since May 15, 2020
8 posts
Member Since Jul 19, 2020
318 posts
Aug 27, 2020 at 01:04
Member Since Jul 19, 2020
788 posts
Trading requires a lot of patience. If a trader does not have patience, he can never be a successful trader. If you want to be a successful trader, you must test patience. And a lot of greed among new traders. Trading without learning anything is risky and that risky work is done by new traders. Many times they are in trouble with brokers. New traders get a lot of information from brokers. And there are many websites online from where new traders can get a lot of important information.
Aug 31, 2020 at 18:49
Member Since Feb 09, 2020
26 posts
I believe that beginners should not focus on future earnings and money but self-development and training. It is necessary to put training in the first place and give more time to the demo account. On this account, you will be able to test trading strategies and gain enough experience to move to a real account.
Member Since Jul 20, 2020
298 posts
Sep 01, 2020 at 02:24
(edited Sep 01, 2020 at 02:26)
Member Since Jul 20, 2020
298 posts
The new trader never wants to see a loss on his account. They always expect profit which is why they face losses in the Forex market. Even though they do not have real knowledge about trading, they make extra profit. Profitable traders always manage discipline and have the power to cover losses even if they make losses. Because they always follow 1: 2 risk rewards. And aims at much better money management.
Sep 01, 2020 at 07:24
Member Since Jul 27, 2020
102 posts
cardigan posted:
3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence
If I might add more, I think it is very important for newbie to learn and have some knowledge about how forex trading works. You just can't start trading without understanding something.
Member Since Jul 20, 2020
341 posts
Member Since Aug 17, 2020
123 posts
Member Since Oct 13, 2020
2 posts
Member Since Jul 03, 2020
37 posts
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