newcomers trading habit
Feb 26, 2021 at 12:11
PercymcDonnell54 posted: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.
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?
Mar 08, 2021 at 11:00
Joz8 posted:Yes it totally depends upon the trader i traded almost 5 months on a demo account before going to a live account.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 Dec 17, 2020
17 posts
Mar 10, 2021 at 06:27
Risk management is the key to a successful forex strategy and everyone should pay good attention to it.
Member Since Mar 17, 2021
536 posts
Apr 01, 2021 at 13:26
baytonhinity posted:Yes. Greed is the most dangerous thing in the forex market.
Every trader should try to stay far away from any greed or emotion if they are planning to trade well.
Member Since Jul 23, 2020
869 posts
Jul 10, 2021 at 01:53
Greed, fear, and all kind of emotions are the habits of new traders.
Member Since Dec 20, 2021
3 posts
Dec 29, 2021 at 14:35
As a newbie, you should concentrate on developing a trading strategy and making good investments.
Dec 29, 2021 at 16:34
Number one biggest mistake new trade commits is they treat forex trading as a money machine. Open trade and make profit. They think it is the easiest job in the world. But in reality you need profound understanding of the market. My advice to new trader is gain necessary knowledge and skills.
Dec 30, 2021 at 05:46
We can only warn traders about how emotions can be harmful in trading. They would actually come to know only when they have made significant losses. Only with these losses comes the actual wisdom. So, I suggest new traders to start small in order to avoid big losses while initial trading.
Member Since Aug 27, 2017
994 posts
Dec 30, 2021 at 11:06
beginners always try to skip the learning approach and as a result there is almost 90% traders become loser.
Member Since Apr 09, 2019
538 posts
Dec 30, 2021 at 17:12
The worst thing anyone can do in trading is think they know it all. Be humble, always stay open to learning and keep progressing.
If you can't spot the liquidity then you are the liquidity.
Member Since Jun 07, 2021
72 posts
Jan 27, 2022 at 04:31
Other than studying the nature of the forex market, one thing that has helped most is a trading journal. All traders should know whether they are growing or not. With the help of a trading journal, traders can figure out the flaws in their trades and can trade better in future.
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