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Professional trading tips for beginners
forex_trader_1786937
Mitglied seit Aug 23, 2020
107 Posts
Oct 02, 2020 at 16:46
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.
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.
forex_trader_1786937
Mitglied seit Aug 23, 2020
107 Posts
Oct 04, 2020 at 03:03
Welcome mate.
Mitglied seit Jul 20, 2020
278 Posts
Oct 18, 2020 at 21:04
Very nice and informative post. It will help all the new traders who are thinking to invest in this risky market.
Mitglied seit Jul 20, 2020
286 Posts
Oct 19, 2020 at 01:23
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.
Mitglied seit Jul 19, 2020
283 Posts
Oct 24, 2020 at 16:01
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.
Mitglied seit Jun 10, 2020
35 Posts
Oct 26, 2020 at 06:45
That’s true. You must not let your emotions come your way. It won’t take you long.
Mitglied seit Sep 24, 2019
22 Posts
Oct 30, 2020 at 10:35
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.
Oct 30, 2020 at 11:19
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.
Dagdakelv
Mitglied seit Jul 23, 2020
696 Posts
Oct 31, 2020 at 17:46
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.
Mitglied seit Jul 20, 2020
278 Posts
Nov 20, 2020 at 18:59
Every new trader should learn all the basics of forex before entering into this risky market.
Nov 23, 2020 at 12:41
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"
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.
Mitglied seit Nov 16, 2020
20 Posts
Jan 06, 2021 at 09:04
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.
Mitglied seit Mar 23, 2020
20 Posts
Jan 06, 2021 at 10:04
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.
Guys pay attention to the news 😄
Experience is the hardest teacher because she gives the test first, the lesson afterward.
Mitglied seit Mar 03, 2020
3 Posts
Jan 06, 2021 at 13:11
A beginner needs to be prepared to take the time to learn how to trade. You need to understand how the exchange works.
