newcomers trading habit
Member Since Jul 20, 2020
341 posts
Oct 21, 2020 at 11:34
If you are new in this market, you should be very careful. You have to make a good plan to make money from this risky market.
Member Since Oct 08, 2020
29 posts
Nov 05, 2020 at 07:55
You must have the required knowledge and other relevant information about Forex. Working on your risk management strategies will help you a lot in the short and long run. A good mindset for trading is also important.
Nov 07, 2020 at 08:11
Emma93 posted:
What are the best strategies for new comers?
for new comer's fundamental analysis is the best way to begin. Identify the over all trend of your favourite instrument, track the market thoroughly and check news. Next is to ascertain the risk percentage. never open a trade without stop loss.
The more your practice, the more you learn.
Member Since Oct 12, 2020
29 posts
Nov 07, 2020 at 11:03
Many forex newbies overlook the importance of money management skills and hence, lose.
Member Since Nov 07, 2020
25 posts
Nov 26, 2020 at 07:09
Lack of knowledge is one of the most important reasons why people lose in the forex market. Be strong with your learning.
Member Since Jul 20, 2020
341 posts
Dec 21, 2020 at 21:31
Most traders lose their money because of their low knowledge. Every new trade should gather all kinds of knowledge before starting their trading career.
Member Since Oct 26, 2020
37 posts
Jan 13, 2021 at 09:02
Yes, it is highly important for traders to focus on their risk management. This helps in increasing their prospective profits and reduces the risk.
Jan 13, 2021 at 09:30
asidefellow posted:along with risk management they also need to focus on practicing trading using small lots.
Yes, it is highly important for traders to focus on their risk management. This helps in increasing their prospective profits and reduces the risk.
The more your practice, the more you learn.
Member Since Jan 11, 2019
147 posts
Jan 13, 2021 at 10:18
As a newcomer, it is important to understand the basics of forex.
Feb 02, 2021 at 11:37
Sarjohn posted:Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Member Since Oct 12, 2020
29 posts
Feb 25, 2021 at 10:26
TradeHut posted:Absolutely right. Few traders fail to realize that success takes time and often fall prey to their own impatience. It could either be a rough environment, market volatility, or charts could be hard to read, the wise decision would be to back off and forget about it.
Newcomers should have sufficient knowledge of Forex and the most important factor required is patience.
Feb 25, 2021 at 11:56
Yeah and even entering and exiting the trade at the right moment is something that requires a lot of patience. Waiting for the right trade opportunities is something that traders find difficult. This is the reason why practicing demo account trading is suggested. There are reliable brokers out there like xm and fxview with good platforms. See if these suit you and invest some time instead of wasting your money.
Member Since Nov 10, 2020
23 posts
Feb 26, 2021 at 04:47
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?
