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Start Trading as newbie
Jun 21, 2024 at 20:04
297 Angesehen
12 Replies
Mitglied seit Jun 21, 2024
7 Posts
Jun 21, 2024 at 20:04
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
Educating Traders
Jun 21, 2024 at 20:43
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
Starting with small amounts can take care of the fear and help you get familiar with the emotions around trading
Mitglied seit Jun 21, 2024
7 Posts
Jun 21, 2024 at 21:06
Ok, thanks for the suggestion. lot of things in mind like strategy, indicators, platform, etc. Feel bit confused
Educating Traders
Mitglied seit Dec 17, 2023
1 Posts
Jun 23, 2024 at 01:24
Dave_hendricks posted:
Ok, thanks for the suggestion. lot of things in mind like strategy, indicators, platform, etc. Feel bit confused
start learning with babypips.com and free content on youtube... if you want i can be of assistace
Mitglied seit May 08, 2023
97 Posts
Jun 23, 2024 at 20:33
There is not much that can help you with that, except experience and acceptance, when you trade there will be losses as well.
Jun 24, 2024 at 10:33
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
Reduce position size to the level where you don't afraid to lose, can afford to risk the stake, etc. Then gradually start to increase it, reflecting over your own emotional responses.
Mitglied seit Jun 21, 2024
7 Posts
Jun 25, 2024 at 20:09
I have taken the Evaluation plan from Wall Street Funders. That's amazing. Has anyone tried it?
Educating Traders
Mitglied seit Jun 21, 2024
7 Posts
Jul 05, 2024 at 17:28
Yeah Learning from youtube is good idea. Who is reliable broker to start with?
Educating Traders
Mitglied seit Nov 11, 2022
25 Posts
Jul 05, 2024 at 19:54
Dave_hendricks posted:
Ok, thanks for the suggestion. lot of things in mind like strategy, indicators, platform, etc. Feel bit confused
If you are still learning these fundamentals (strategy, indicators, etc), I would suggest starting with a demo account. Once the fundamentals are understood and you can be consistent on a demo, then move on to live trading.
Mitglied seit Nov 11, 2022
25 Posts
Jul 05, 2024 at 19:58
Dave_hendricks posted:
Yeah Learning from youtube is good idea. Who is reliable broker to start with?
I personally like forex.com. Other brokers I like are PlexyTrade and FxSway.
Jul 07, 2024 at 10:52
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
Overcoming the fear of the first trade involves preparation and mindset. Start by thoroughly understanding your trading strategy and practicing with a demo account to build confidence. When you feel ready, begin with a small position size to minimize risk and focus on the process rather than the outcome, viewing it as a learning experience.
Mitglied seit Apr 14, 2022
40 Posts
Jul 15, 2024 at 07:23
Dave_hendricks posted:
Yeah Learning from youtube is good idea. Who is reliable broker to start with?
YouTube is fantastic, free resource for all. While starting out can be tough, good brokers like IG and Fxview offer great educational content, including webinars, blogs, and videos to help beginners. I used Fxview when I was a newbie, and it was helpful.
Mitglied seit Aug 13, 2024
34 Posts
Aug 20, 2024 at 13:20
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
If you have fear before your first trade it is normal, but before you decide to enter a trade on a real account try trading on a demo account for a few months or until your fear disappears and you start to feel your strength.
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