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newcomers trading habit

Apr 22, 2020 at 15:07
3,362 Views
71 Replies
Member Since Jun 01, 2020   55 posts
Jun 03, 2020 at 10:51
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 03, 2020 at 20:53
Please can anyone recommend a good broker a newbie should trade on?

Secondly if one is starting with $1000 what is the best lots to use?
Member Since Jun 01, 2020   55 posts
Jun 04, 2020 at 06:57
Roberto21 posted:
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.
Exactly. We really need to be aware about the ones which are scam. So double check before choosing one.
Member Since Dec 29, 2019   21 posts
Jun 06, 2020 at 11:52
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 Apr 01, 2020   231 posts
Jun 09, 2020 at 00:06
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 Jun 05, 2020   33 posts
Jun 09, 2020 at 10:40
Dictiony posted:
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.
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
Member Since May 15, 2020   8 posts
Jun 10, 2020 at 11:25
Right! Broker choice is very imperative thing. As good knowledge about trading will surely help the trader in gaining profits, but if the broker is dishonest they he might manipulate the profits of trader.
Member Since Jul 19, 2020   318 posts
Aug 26, 2020 at 18:52
if you are new in this market, you need to be very careful to make decisions. You have to gather all information before start real trading. A wrong decision can put you in great danger.
Member Since Jul 19, 2020   788 posts
Aug 27, 2020 at 01:04
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.

Member Since Jul 27, 2020   102 posts
Aug 27, 2020 at 07:43
3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence
Member Since Aug 14, 2020   40 posts
Aug 27, 2020 at 11:06
cardigan posted:
3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence
Absolutely!
Member Since Feb 09, 2020   26 posts
Aug 31, 2020 at 18:49
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)
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.
Member Since Jul 27, 2020   102 posts
Sep 01, 2020 at 07:24
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 04, 2020   22 posts
Sep 02, 2020 at 05:53
cardigan posted:
3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence
That reminds me of various of my trader friends, who are no more trading because of these habits only.
Member Since Jul 20, 2020   341 posts
Oct 11, 2020 at 18:56
New traders should be careful when they invest their money into i\this risky market. They should make a good plan to make money from this market.
Member Since Apr 25, 2020   119 posts
Oct 12, 2020 at 04:15
Care is definitely needed, especially when you are just choosing a trading broker, which is why I entered a minimum deposit of $ 100 at Amarkets and traded, earned and withdrawn without any problems.
Member Since Aug 17, 2020   123 posts
Oct 13, 2020 at 08:59
Knowledge, control over emotions and good risk management are all important parts of a trader's success, in my opinion. They are all needed in order to attain consistent profit.
Member Since Oct 13, 2020   2 posts
Oct 13, 2020 at 13:35
e quais são os fundamentos do forex ? peaky blinder
"Hoje o Dia Será Dos Vencedores" SUPER XANDÃO
Member Since Jul 03, 2020   37 posts
Oct 19, 2020 at 13:00
Practice risk management and emotion control before you start trading live.
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