Edit Your Comment
newcomers trading habit
Feb 26, 2021 at 12:11
Member Since Nov 06, 2020
24 posts
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
Member Since Dec 28, 2020
187 posts
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
Member Since Mar 17, 2021
536 posts
Member Since Jul 23, 2020
869 posts
Member Since Dec 20, 2021
3 posts
Dec 29, 2021 at 16:34
Member Since Mar 28, 2021
617 posts
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
Member Since Nov 02, 2021
73 posts
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
Member Since Apr 09, 2019
538 posts
Member Since Jun 07, 2021
72 posts
Jan 27, 2022 at 04:31
Member Since Jun 07, 2021
72 posts
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.

*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.