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Professional trading tips for beginners

ProfitsOnly
forex_trader_[1786937]
Oct 02 2020 at 16:46
142 příspěvků
1. Leave your emotions behind;
Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses

2. Never follow the crowd;
 Be fearful when others are greedy, be greedy when others are fearful”

Oftentimes market hype is brought about by the media creating buzz around some financial news that were not yet thoroughly analyzed. At these moments, it is very hard not to jump on the bandwagon of overexcited traders and start buying stocks that everyone is talking about.
Later, when it turns out that this was nothing but a hype, you don't want to be one of those traders who are struggling with selling the stocks for close to nothing when the hype is over. The best example to illustrate Buffett's quote would be the notorious Dotcom crash that left countless number of traders with devalued stocks.

3. Trading is not only about graphs

Everyone would agree that investing involves much more than simply buying some stocks. Indeed, by entering the world of trading we involuntary delve into politics, economy, ecology and financial markets, learning more about what is going on in the world than we would ever expect.
But the trick is that it works the other way around just as well: the more you know about the world, the better you invest. That's why when you are thinking about making a new investment into a company, try to analyze their business as thorough as you can. The time you invest in this step will pay off later.
When analyzing a graph, never neglect the news section that goes together with it. Lots of important information can be hidden there.
kozaokr
Oct 03 2020 at 19:10
7 příspěvků
ProfitsOnly
forex_trader_[1786937]
Oct 04 2020 at 03:03
142 příspěvků
ElliotCooke
Oct 18 2020 at 21:04
341 příspěvků
Very nice and informative post. It will help all the new traders who are thinking to invest in this risky market.
LeviSievwright5
Oct 19 2020 at 01:23
298 příspěvků
Your words are true, and if no one can accept this truth, he will never succeed in trading. Thank you very much for providing this important information to beginner traders.
GeorgeBischof
Oct 24 2020 at 16:01
318 příspěvků
TraderAngolan posted:
1. Leave your emotions behind;
Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses

2. Never follow the crowd;
 Be fearful when others are greedy, be greedy when others are fearful”

Oftentimes market hype is brought about by the media creating buzz around some financial news that were not yet thoroughly analyzed. At these moments, it is very hard not to jump on the bandwagon of overexcited traders and start buying stocks that everyone is talking about.
Later, when it turns out that this was nothing but a hype, you don't want to be one of those traders who are struggling with selling the stocks for close to nothing when the hype is over. The best example to illustrate Buffett's quote would be the notorious Dotcom crash that left countless number of traders with devalued stocks.

3. Trading is not only about graphs

Everyone would agree that investing involves much more than simply buying some stocks. Indeed, by entering the world of trading we involuntary delve into politics, economy, ecology and financial markets, learning more about what is going on in the world than we would ever expect.
But the trick is that it works the other way around just as well: the more you know about the world, the better you invest. That's why when you are thinking about making a new investment into a company, try to analyze their business as thorough as you can. The time you invest in this step will pay off later.
When analyzing a graph, never neglect the news section that goes together with it. Lots of important information can be hidden there.
Very nice writing. It will help many traders to make their decisions easily.
Barbara Wright (barbarawright)
Oct 26 2020 at 06:45
37 příspěvků
That’s true. You must not let your emotions come your way. It won’t take you long.
Michihito
Oct 27 2020 at 12:16
298 příspěvků
Most of losses happen in trading by emotional decisions. You need to control your emotions while trading. It is a difficult task but possible. It requires time. No habit develops overnight. We need determination and dedication.
UweMoench
Oct 27 2020 at 13:25
751 příspěvků
Very informative input. Yes following crowd makes a trader restless. All the day he keeps searching what others are saying about the market. It reduces their own judgement ability which is bad for learning.
Doombinder
Oct 30 2020 at 10:35
22 příspěvků
As a trader you need to know that you are on your own on forex. As much as you see alot of traders in the forums they should not in any way influence your trading plan unless what they have to say is something that you can prove it be effective because then you are going to be making a big mistake.
Dagdakelv
Oct 30 2020 at 11:19
18 příspěvků
Beginners need to get the whole side of forex before they even think about taking it to the next step because as much as they tell you that you can make a lot of money from forex in a short while you also need to understand that you can lose a lot of money in the same time time period.
SofieAndreasen
Oct 31 2020 at 17:46
759 příspěvků
Michihito posted:
Most of losses happen in trading by emotional decisions. You need to control your emotions while trading. It is a difficult task but possible. It requires time. No habit develops overnight. We need determination and dedication.
Yeah. Every trader should know about trading psychology. However, trader cannot learn that in demo trading.
ElliotCooke
Nov 20 2020 at 18:59
341 příspěvků
Every new trader should learn all the basics of forex before entering into this risky market.
Bunaya
Nov 23 2020 at 06:45
54 příspěvků
Still do not forget to prepare emotionally and psychologically, believe me, this is really very important.
Henry (FirstHero)
Nov 23 2020 at 12:41
16 příspěvků
How many are those who once again remind that psychology is important, and without knowledge it is better not to start.

Guys, a newcomer already knows about the risks, about psychology, about knowledge when enters the forum. This future trader probably already went all the way of doubt when decided to start trading and had already read about psychology many times. Do you think this will help?
Nope

Give the necessary advice, such as 'do not open a long reversal trade near the support of the downtrend', 'always calculate the stop loss in advance, and compare it with the acceptable risk in the current market', 'you talk about greed but do not advise withdrawing profits at least to cover initial deposit', ' you are talking about psychology, but you are not saying that you should first accept losses as part of the trader's path'
Do not be greedy and invest in your business as much as you can.
Adamgylicrist
Dec 02 2020 at 09:44
38 příspěvků
I agree that your emotions can prove dangerous when you are trading.
Roberto21
Dec 03 2020 at 03:33
364 příspěvků
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Gabriel (GabrielO)
Dec 15 2020 at 10:44
9 příspěvků
I liked tip number 2.2 in tips. Never follow the crowd;
  Be afraid when others are greedy, be greedy when others are afraid '
This is a very profound statement. I'll take it to my knowledge pack.
mikehussy332
Jan 06 2021 at 09:04
21 příspěvků
These are some essential tips that every trader, be it new or advanced can make use of. You are right to point out that trading and emotions should not be clubbed together.
Robert (Robert647373)
Jan 06 2021 at 09:53
95 příspěvků
It is very important to follow your trading strategy. So you can protect yourself from making wrong and unprofitable decisions.
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