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Beginners Capital
Členem od Aug 21, 2019
10 příspěvků
Aug 21, 2019 at 09:46
Beginners capital should be zero. Stick to demo for as long as possible. Then "only invest what you can afford to lose"
forex_trader_392414
Členem od Jan 14, 2017
2 příspěvků
Aug 21, 2019 at 13:45
Idowu posted:
Beginners capital should be zero. Stick to demo for as long as possible. Then "only invest what you can afford to lose"
Exactly. First: you have to understand what you are doing and what your goal is. Get general knowledge, build your own strategy, the one you understand, not the one that tells you it works. Second: practice on the demo account, take notes, learn more and understand what you are doing.
Third: when you have a stable result in the demo account with your strategy for even 2 months, you can start with whatever amount you want.
The market is not an exact science, the market is art.
Členem od Aug 27, 2017
875 příspěvků
Aug 21, 2019 at 14:15
Idowu posted:
Beginners capital should be zero. Stick to demo for as long as possible. Then "only invest what you can afford to lose"
Correct! Demo is the best way of learning Forex; there is no shortcut way of learning; this is why new traders focus on only demo practice!
keeping patience.......
Členem od Jul 22, 2019
16 příspěvků
Aug 22, 2019 at 07:33
if you are a beginner i agree with most start with demo, and after you are done with demo, use the extra cash you have besides what you need for smooth running of livelihood and savings.
Členem od Jul 03, 2019
1 příspěvků
Aug 23, 2019 at 23:04
Lol I'll give it to you straight up You need a min 1k. Keep margin above 2000% avoid gold and crypto when new and have a system and a plan.
Členem od Apr 18, 2017
659 příspěvků
Aug 24, 2019 at 15:04
JL86 posted:
Lol I'll give it to you straight up You need a min 1k. Keep margin above 2000% avoid gold and crypto when new and have a system and a plan.
I think, crypto market isn’t mature enough to perform; even experience traders are struggling! So, new traders should avoid the crypto market for trading!
Členem od Aug 03, 2019
40 příspěvků
Aug 26, 2019 at 05:54
Absolutely .a beginners focus in the beginning should be more on learning the basics of forex trading rather than anything else. Starting off with a demo account is the best way as he can familiarise himself with the trading platform , its features , how to buy and sell and avoid mistakes on a real account in future. Also, demo account is a great way to test your strategies . You can put your strategy to test and see if it requires some changes to achieve your financial goal. So use a demo account for as long as you want . Once you feel confident enough , you can use a real account and demo account simultaneously to see what works how .
Členem od Apr 18, 2017
659 příspěvků
Aug 26, 2019 at 14:25
steve_25 posted:
Absolutely .a beginners focus in the beginning should be more on learning the basics of forex trading rather than anything else. Starting off with a demo account is the best way as he can familiarise himself with the trading platform , its features , how to buy and sell and avoid mistakes on a real account in future. Also, demo account is a great way to test your strategies . You can put your strategy to test and see if it requires some changes to achieve your financial goal. So use a demo account for as long as you want . Once you feel confident enough , you can use a real account and demo account simultaneously to see what works how .
Thanks, that’s the procedure; basically, which traders try to make money too early they mostly, lose their real money so fast!
Členem od Aug 16, 2019
11 příspěvků
Aug 26, 2019 at 18:04
AmDiab posted:steve_25 posted:
Absolutely .a beginners focus in the beginning should be more on learning the basics of forex trading rather than anything else. Starting off with a demo account is the best way as he can familiarise himself with the trading platform , its features , how to buy and sell and avoid mistakes on a real account in future. Also, demo account is a great way to test your strategies . You can put your strategy to test and see if it requires some changes to achieve your financial goal. So use a demo account for as long as you want . Once you feel confident enough , you can use a real account and demo account simultaneously to see what works how .
Thanks, that’s the procedure; basically, which traders try to make money too early they mostly, lose their real money so fast!
If you think Forex is a get rich fast scheme then think again. Slower learning and trading is key to success. Take time and be cautious
Členem od Aug 09, 2017
598 příspěvků
Aug 27, 2019 at 14:01
practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.
Členem od Apr 18, 2017
700 příspěvků
Aug 29, 2019 at 14:59
Roberto21 posted:
initial capital how can irrelevant i don't know . according to me, its much important , any smart initial amount can make you more confident when trading in practical. so we cant avoid the importance of this at all.
Basically; new traders need to invest according to their own capacity; but of course without any hard money; it will add more headache!
Členem od Apr 18, 2017
659 příspěvků
Sep 28, 2019 at 18:31
Imamul posted:
practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.
Basically; using big demo account looks like meaningless; because it reduces the percentage of traders concentration on learning!
Členem od Aug 09, 2017
598 příspěvků
Nov 26, 2019 at 08:07
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.
Členem od Aug 27, 2017
875 příspěvků
Nov 30, 2019 at 15:24
Imamul posted:
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.
In trading analysis; traders need to have both type of trading knowledge; yes I am talking about the technical & fundamental analysis!
keeping patience.......
Členem od Sep 20, 2019
28 příspěvků
Dec 03, 2019 at 18:14
Newibies should start with demo for 2-3 weeks and then move to the real trading. But no one can say the actual amount of the first deposits, as it depends on the total newbie's net worth. The golden rule is "don't invest more money, that you're ready to lose', so newbies should just follow it :)
Členem od Oct 24, 2019
45 příspěvků
Dec 04, 2019 at 10:07
New traders are advised to start with demo trading account once you excel in trading knowledge and all the technicalities you can move forward live trading and start trading with capital
Revenue is vanity, profit is sanity, but cash is king
Členem od Dec 04, 2019
12 příspěvků
Dec 04, 2019 at 10:09
Start with the amount that you will not regret to lose. At the very beginning, do not use leverage.
Členem od Oct 19, 2019
35 příspěvků
Dec 05, 2019 at 10:28
Exactly. How much amount you want to start with is totally up to you as it depends more on your financial position.Plus whatever you feel is reasonable would be a good idea as long as its not too risky. Apart from deciding on the amount, you must have a risk management strategy in mind to avoid losses.
Členem od Nov 08, 2019
20 příspěvků
Dec 07, 2019 at 16:07
I think that even a few hundred or a thousand dollars can be a normal start for a novice trader. There is still a lot to be done here, depending on how much you want to earn through trading, whether you want to make it your main source of income or an extra income and you want to spend only some time with. Even with the same capital, but with different levels of employment, you can make different profits. In addition, we all listened to stories about how someone managed to open a large-scale business, when he had several thousand. And someone had millions, but could not hold them in their hands. I'm convinced that much depends on you.
Členem od Aug 09, 2017
598 příspěvků
Dec 08, 2019 at 13:49
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.
