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newcomers trading habit
Member Since Jul 20, 2020
278 posts
Member Since Oct 08, 2020
22 posts
Nov 07, 2020 at 08:11
Member Since Apr 15, 2020
187 posts
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 Nov 07, 2020
19 posts
Member Since Jul 20, 2020
278 posts
Member Since Jan 11, 2019
140 posts
Feb 02, 2021 at 11:37
Member Since Nov 19, 2020
96 posts
Sarjohn posted:
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.
Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
Feb 25, 2021 at 11:56
Member Since Nov 06, 2020
19 posts
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
19 posts
Feb 26, 2021 at 12:11
Member Since Nov 06, 2020
19 posts
PercymcDonnell54 posted:
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?
See now that’s the idea, you needn’t rush into bad currency trades. If they don’t come up in that particular session, there’s always next. It’ll be worth the wait and patience.
Mar 08, 2021 at 11:00
Member Since Dec 28, 2020
167 posts
Joz8 posted:Sarjohn posted:
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.
Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
Yes it totally depends upon the trader i traded almost 5 months on a demo account before going to a live account.
Member Since Dec 17, 2020
9 posts
Member Since Mar 17, 2021
494 posts

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