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trading basic
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RedPips

Member Since Feb 15, 2018  14 posts RedPips Feb 15 2018 at 12:07
My first live trades was exciting but my first live trade that went more than $500 in the read was a knightmare

CleanTrader

Member Since Jan 31, 2018  13 posts CleanTrader Feb 18 2018 at 06:45
'knightmare' sounds scary!! I lost $1000 on one trade before that scarred the sh&t out of me. From that day on I decided to actually learn how to trade

GreenMo

Member Since Feb 20, 2018  10 posts GreenMo Feb 20 2018 at 11:55
How did that go? Do you know how trade now for $$

emily_smith

Member Since May 10, 2018  22 posts emily_smith May 29 2018 at 06:22
I started trading from the scratch few months back. I choose few major currency pairs and started reading daily news related to the those pairs and their upcoming economic events, it took a lot of time for me to relate the things with the market movements. Along with this i also worked on technical. Then i started trading on demo account, initially i made losses, but now i am in profit and my mostly trades are green. But still there are lots of things i need to learn, that's why i joined this platform.

Mohammadi

Member Since Aug 11, 2017  617 posts Mohammadi Jun 02 2018 at 10:28
Learning is really important for any kinds of traders in particularly for the newcomers. I think from all self learning is the best. As a part of self learning we can take demo account which is the master place to become a knowledgeable trader very rapidly.

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Jun 06 2018 at 14:20
I will be following this tread , I hope someone will post some useful links for Tech analysis, suitable for newbies as well.

Accept the loss as experience
Ifeanyichukwu

Member Since Jun 09, 2018  2 posts Ifeanyichukwu Jun 10 2018 at 06:40
My advice for every beginner is to first practice with a demo account. Practice as much as possible in order to get used to how the system works. However, you will definitely not get emotionally intense as you would be when practicing with some real money. But practicing with a demo account will sure make you to get the experience of what you will be dealing with when you finally decide to put in some real money. You might find this helpful https://www.cashprof.com/forex-trading-beginners-get-started/

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Jun 14 2018 at 11:36
Thanks for sharing the article, Ifeanyichukwu, It 's interesting .. :)

Accept the loss as experience
StanfordB

Member Since Jun 14, 2018  10 posts StanfordB Jun 14 2018 at 13:21
After you are happy on demo move to a live account but only use a tiny lot size of 0.01 etc. Just to get started. Demo can lead to over confidence

Mohammadi

Member Since Aug 11, 2017  617 posts Mohammadi Jun 26 2018 at 11:40
We the traders first of all have to take demo trading seriously for acquire most powerful analyzing fundamental trading knowledge which is very supportive to continue a live trading in a proper way. but practically we the traders who are particularly newcomers don’t believe the importance of this trading place at all. as a result almost 90% traders are loser from here due to lack of exact trading knowledge . so, we have to make sure demo trading continually for become a knowledgeable trader very rapidly.

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EURUSD 1.1107 GBPUSD 1.31571
USDJPY 108.661 USDCAD 1.31851

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.