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NEW TO TRADING
Členem od Nov 23, 2020
46 příspěvků
May 12, 2021 at 11:57
Členem od Nov 23, 2020
46 příspěvků
No matter how much a beginner would like to make real money faster, it is best to practice on a demo account, it will show you will not be sure of your readiness
Členem od May 13, 2021
12 příspěvků
May 13, 2021 at 08:14
Členem od May 13, 2021
12 příspěvků
It's very good for a beginner, you need to practice on a demo account in order to quickly switch to a real account.
Členem od Apr 01, 2021
9 příspěvků
May 13, 2021 at 09:32
Členem od Apr 01, 2021
9 příspěvků
Traders that start with a live account just lose all their money and give up. Those that start on a demo account have the luxury of being able to take their time and learn from their mistakes
Členem od Apr 03, 2021
28 příspěvků
May 28, 2021 at 05:40
Členem od Apr 03, 2021
28 příspěvků
You can open an account with a reliable broker platform and practice your trades before putting any money into it. There are demo accounts that the brokers provide which you can use to get better at trading.
Členem od Apr 22, 2021
8 příspěvků
May 29, 2021 at 10:42
Členem od Apr 22, 2021
8 příspěvků
For me, the most important part is getting knowledge about trading platform/broker. I think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me to choose the right broker. I searched a lot of sites in order to find smth good. I also spent a lot of time looking for a broker and accidentally found this site Finarm, which has a whole bunch of different companies listed. It's pretty convenient and can give you some insights.
Členem od Mar 17, 2021
536 příspěvků
May 29, 2021 at 16:39
Členem od Mar 17, 2021
536 příspěvků
Skinim posted:A demo is the best place to learn forex properly.
It's very good for a beginner, you need to practice on a demo account in order to quickly switch to a real account.
Členem od Mar 17, 2021
536 příspěvků
Nov 06, 2021 at 18:27
Členem od Mar 17, 2021
536 příspěvků
RobSchiz posted:Practicing can make you very skillful and experienced.Aurisida posted:Yes. Proper practice can help you to make huge money.
No matter how much a beginner would like to make real money faster, it is best to practice on a demo account, it will show you will not be sure of your readiness
Členem od Jan 13, 2021
52 příspěvků
Nov 08, 2021 at 16:22
Členem od Jan 13, 2021
52 příspěvků
cashonmymind posted:you need to spend a long time using forums and learn the skill and then practice on a demo account
I'm interested in trading but don't know where to start. Any tips?
Členem od Jul 26, 2019
31 příspěvků
Nov 09, 2021 at 15:12
Členem od Jul 26, 2019
31 příspěvků
I always advice new traders to start off from the determination why do they need trading. If they can answer this question without any illusions, like making millions, then they should start learning trading activity. Try to learn as much information as you can and try to do it chaotically. Of course, you have to determine which trading style is the most preferable to you. For example, if we speak about technical analysis and short-term trading, then try to learn everything about it. When you will gain some information, you have to find a proper broker and open a demo account. There you can start practicing and gaining experience. After you see the results of your practicing, try to trade small amounts of money on a real account and analyze your steps.
Členem od Jun 16, 2020
57 příspěvků
Nov 10, 2021 at 05:41
Členem od Jun 16, 2020
57 příspěvků
I would suggest a few things:
1. Know the significance of educating yourself regarding the Forex market.
2. Understand your limits and risk taking power.
3. Understand where to stop during the trade.
4. Control your emotions.
5. Maintain a slow and steady pace.
1. Know the significance of educating yourself regarding the Forex market.
2. Understand your limits and risk taking power.
3. Understand where to stop during the trade.
4. Control your emotions.
5. Maintain a slow and steady pace.
Členem od Dec 09, 2013
139 příspěvků
Nov 10, 2021 at 08:13
Členem od Dec 09, 2013
139 příspěvků
cashonmymind posted:First to start with, make up your mind to be devoted towards Forex learning. Do a good search on the internet to get forex videos, lessons, pdf. You get a lot of free learning materials on the web. Practice your learning on demo account. Take time to find a solid strategy that works for you. Never be in a hurry to jump into live trading. I am wishing you all the very best.
I'm interested in trading but don't know where to start. Any tips?
Členem od Sep 22, 2018
70 příspěvků
Nov 10, 2021 at 13:44
Členem od Sep 22, 2018
70 příspěvků
cashonmymind posted:
I'm interested in trading but don't know where to start. Any tips?
Start with some of the free courses gain some knowledge then open a demo account but this will take time don’t rush into it
Členem od Mar 28, 2021
617 příspěvků
Dec 09, 2021 at 06:58
Členem od Mar 28, 2021
617 příspěvků
Skinim posted:Here are some reasons why it is highly recommended for you to practice with a demo account:
It's very good for a beginner, you need to practice on a demo account in order to quickly switch to a real account.
Learn and experiment with play money
A demo account mimics the actual market in real time and allows you to use play money. This gives you space to try out a number of techniques, without fear of losing your actual money.
Členem od Jul 02, 2020
21 příspěvků
Dec 09, 2021 at 07:12
Členem od Jul 02, 2020
21 příspěvků
Akasuki posted:I agree with you completely - if a person cannot be profitable on a demo, there is no way you can trade a live account without all the added pressure! You can also learn to trust your system 100% and this will help relieve a lot of pressure on a live account.Skinim posted:Here are some reasons why it is highly recommended for you to practice with a demo account:
It's very good for a beginner, you need to practice on a demo account in order to quickly switch to a real account.
Learn and experiment with play money
A demo account mimics the actual market in real time and allows you to use play money. This gives you space to try out a number of techniques, without fear of losing your actual money.
Členem od Aug 17, 2021
94 příspěvků
Dec 11, 2021 at 18:41
Členem od Aug 17, 2021
94 příspěvků
You must first select a reputable broker. After that, you must practise demo trading with that broker. You'll also need to do a lot of research and gather information online in addition to demo trading.
Členem od Nov 23, 2021
34 příspěvků
Dec 16, 2021 at 13:17
Členem od Nov 23, 2021
34 příspěvků
There is so much information on the internet that you can go through to learn forex trading. You can read articles, watch videos, and even attend webinars to know more. Plus, forums like myfxbook are a great place to talk to other traders about their strategies and learn.
Členem od Mar 28, 2021
617 příspěvků
Sep 20, 2022 at 09:21
Členem od Mar 28, 2021
617 příspěvků
Traders have to remove these thoughts from their mind. But if traders have a profession EA, then things are different for them.
Členem od Aug 05, 2021
401 příspěvků
Sep 22, 2022 at 15:47
Členem od Aug 05, 2021
401 příspěvků
The Babypips website helped me a ton in the beginning.
Členem od Aug 19, 2022
44 příspěvků
Oct 03, 2022 at 13:39
Členem od Aug 19, 2022
44 příspěvků
Every beginner should use this site to observe experienced traders.
Make money with people who know how to make money.
Členem od Oct 03, 2022
5 příspěvků
Oct 03, 2022 at 14:02
Členem od Oct 03, 2022
5 příspěvků
I agree, the more you watch professionals the more you learn fast !
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