When a trader is a newbie

Mar 02, 2021 at 03:59
5,545 zobrazení
134 Replies
Členem od Sep 21, 2022   11 příspěvků
Sep 22, 2022 at 12:12
When you are new to trading always prefer to trade on a demo account first and use stop loss after then switch to a live account after practice and try spending more and more time on daily market study.
Členem od Aug 05, 2021   401 příspěvků
Sep 22, 2022 at 16:16
AndrewMcCalam54 posted:
the new Forex trader always try to bring good amount of profit with no learning . this is a very common mistake.
True. I feel like beginners often focus more on dollars than self-improvement and confuse long-term goals with short-term ones.
Členem od Sep 06, 2022   26 příspěvků
Sep 23, 2022 at 08:02
A newbie should take his time to practise in demo trading. Newbie traders are still learning, and understanding how forex trading works. If they start trading in a live account from the very beginning, they will be putting their capital at high risk. So, it is better to practise for a good amount of time, at least for a year. Practising in a demo account will help the trader strengthen his skills and understand which timeframe, risk:reward, leverage, etc suits his strategy the best.
Členem od Feb 15, 2022   219 příspěvků
Sep 28, 2022 at 14:25
Every human being is infected with several bad qualities which should be removed to become a good trader.
Členem od Sep 29, 2022   68 příspěvků
Sep 29, 2022 at 09:24
Marcolis posted:
Every human being is infected with several bad qualities which should be removed to become a good trader.

Not all bad qualities make a person a bad trader.
In fact, what kind of person does not give a shit. What matters is whether he or she makes money or not. Those who don't know how are not even considered. And those who can will be in demand with all their bad qualities. Even if there are not several.

As for the topic of the thread.
When a trader is a newbie he trades on demo :)
Členem od Sep 21, 2022   6 příspěvků
Sep 29, 2022 at 09:54
Thousands of new traders join the forex market every month, but only a small percentage of trades manage to survive. Why? The cause of their failure is their lack of discipline & skills. As a newbie, you lack understanding of the market. To develop that, you need practice and learning. This, however, new trades are not open to. Hence, they fail. My suggestion to new traders is not to take any risk until you have a tested trading system. Also, trade for at least 6 months on demo trading before taking a risk.
Členem od Feb 16, 2022   67 příspěvků
Sep 29, 2022 at 14:43
In my personal opinion, fibonacchi is a great tool for market analysis. It shows traders with different trading angles and points.
Členem od Feb 16, 2022   67 příspěvků
Oct 01, 2022 at 10:54
Forex is a 24-hour open market and you can trade here anytime you want. Besides that, brokers allow traders with a multitude of trading facilities.
Členem od Sep 14, 2022   40 příspěvků
Oct 04, 2022 at 08:09
I believe when a trader is a newbie they should devote their time in practicing on a demo account to understand the trading more precisely. Trading without a plan can result in drastic losses for those who jump into the process without a plan. So as a newbie learning should be a primary goal.
Členem od Sep 29, 2022   68 příspěvků
Oct 04, 2022 at 11:36
LeoGM posted:
In my personal opinion, fibonacchi is a great tool for market analysis. It shows traders with different trading angles and points.
Its true. But how does this relate to the topic?😄
Členem od Feb 15, 2022   183 příspěvků
Oct 04, 2022 at 14:47
Even though your broker offers you high leverage, you shouldn’t take high leverage because it will put you at stake.
forex_trader_3036016
Členem od Sep 29, 2022   15 příspěvků
Oct 07, 2022 at 04:32
When I was a newbie, I was desperate to make money and took the wrong steps. Results? I blew up multiple accounts. Don’t make this mistake! Focus on your forex education first. You will make money once you know your way around the market.
Členem od Apr 18, 2022   51 příspěvků
Oct 14, 2022 at 13:42
When I started I used to practice my trading strategies with demo accounts.
Členem od Feb 16, 2022   119 příspěvků
Oct 22, 2022 at 12:52
A trader is a newbie when he is new to Forex and has no trading expertise. We see these types of traders run wrong approaches over the market which result in losses.
Členem od Feb 15, 2022   219 příspěvků
Oct 22, 2022 at 13:47
Day trading is a popular type of trading especially for those who fear to trade at night due to news movements. Those day trading is hard for those who are already engaged I other professions.
Členem od Apr 03, 2021   470 příspěvků
Oct 25, 2022 at 22:28
Whitethroat posted:
I believe that after the first thousand dollars earned, you are no longer a newbie.
The number trading capital will associated to the profit result, if traders only start with $100 it is need long time to become thousands dollar
Except trading skills already supported to make one hundred percent profit a day.
Členem od Oct 04, 2022   15 příspěvků
Oct 28, 2022 at 05:05
As a newbie, I focused only on learning. The end goal is to make money, but it is not possible unless you are familiar with how the market functions. So, devote time to understanding the market and develop a trading system.
Členem od Sep 13, 2022   16 příspěvků
Nov 01, 2022 at 07:36
Even though many traders don’t demo trade, newbies should practise for a few weeks so they’re familiar with the process. Knowledge and skill is learnt over time and newbies should focus on their personal end goal. Learning is constant in the market like this so traders need to be willing to adapt and make their info larger.
Členem od Feb 15, 2022   219 příspěvků
Nov 05, 2022 at 10:05
Blaming luck is a kind of ignorance and traders who don’t have sufficient trading knowledge do this job after suffering losses.
Členem od Sep 14, 2022   40 příspěvků
Nov 08, 2022 at 06:34
Marcolis posted:
Blaming luck is a kind of ignorance and traders who don’t have sufficient trading knowledge do this job after suffering losses.
Yes , I agree. One should maintain a positive attitude towards learning and putting in a lot of effort, while still accepting of their setbacks. Luck is just an excuse.
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