When a trader is a newbie

Mar 02, 2021 at 03:59
6,364 Angesehen
134 Replies
Mitglied seit Jul 19, 2020   298 Posts
Mar 02, 2021 at 03:59
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
Mitglied seit Jul 19, 2020   751 Posts
Mar 02, 2021 at 05:29
Yes, beginner they need to learn and doing more on practice even use demo account, with practice hence will make perfect, we often hear this quotation and this is good to motivated our trading journey, which as trader must more practice on real trading than only from theory.
Mitglied seit Jan 11, 2019   147 Posts
Mar 02, 2021 at 10:16
Yes learning is most imp while you are a newbie. this is the time when you can make it or break it..
Mitglied seit Jan 22, 2021   125 Posts
Mar 04, 2021 at 11:22
I think a trader is still a newbie if he has no knowledge of the forex market although he is trading on call and trade. The real trader is the one who is trading on forex with his skills. The tag of newbie can only be removed with experience.
Mitglied seit Oct 05, 2020   21 Posts
Mar 09, 2021 at 04:27
blackChelsea posted:
I think a trader is still a newbie if he has no knowledge of the forex market although he is trading on call and trade. The real trader is the one who is trading on forex with his skills. The tag of newbie can only be removed with experience.
Yes, a skilled trader will surely benefit from the market and since they know how everything works, they can be at an advantage.
Mitglied seit May 11, 2020   83 Posts
Mar 10, 2021 at 11:36
Newbie do not have any knowledge when entering into forex market, so it is advisable to start preparing and understanding how forex market and how trading happens.
Mitglied seit Jul 23, 2020   759 Posts
Mar 10, 2021 at 15:09
reggae posted:
Newbie do not have any knowledge when entering into forex market, so it is advisable to start preparing and understanding how forex market and how trading happens.
Right. That’s why most new traders often lose money in the market.
Mitglied seit Jan 11, 2019   147 Posts
Mar 10, 2021 at 17:51
Michihito posted:
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
I think beginner should trade on demo account for atleast 6 months
Mitglied seit Jul 19, 2020   788 Posts
Mar 11, 2021 at 00:31
Yes, new traders must learn about trading. If he can't get an education, he will never be able to succeed by trading.
Mitglied seit Nov 03, 2020   3 Posts
Mar 11, 2021 at 11:57
Beginners might not know where to go and which way to go. They really need to find their own way of making money instead of following someone else.
Mitglied seit Apr 18, 2020   54 Posts
Mar 11, 2021 at 12:14
When you are a beginner, you do not know where to start, so it is better if you can start gaining knowledge by following some courses (make sure it is free) and learn as much as you can so that you will be able to gain better understanding in future
Mitglied seit Dec 28, 2020   187 Posts
Mar 15, 2021 at 10:39
Can you suggest any free courses which are good and understandable. Although I have studied a lot but am not able to make much profit. I want to know where I am going wrong.
Mitglied seit Feb 04, 2021   31 Posts
Mar 16, 2021 at 11:29
I think that a trader is a newbie until he has gained sufficient knowledge to trade. Forex trading is all based on knowledge and dedication and to make a place in the market, beginners need to spend their enough time on learning.
Mitglied seit Nov 06, 2018   83 Posts
Mar 16, 2021 at 14:29
Lots of free courses online, including Babypips and YouTube. Practice on demo until you are consistent, and then consider going on a live account.
Mitglied seit Jul 23, 2020   869 Posts
Mar 16, 2021 at 17:26
TradeHut posted:
I think that a trader is a newbie until he has gained sufficient knowledge to trade. Forex trading is all based on knowledge and dedication and to make a place in the market, beginners need to spend their enough time on learning.
Right. New traders should spend more time to learn the trading properly.
Mitglied seit Jul 19, 2020   298 Posts
Mar 17, 2021 at 12:03
Knowledge is the primary need for trading. Then you need to know the effective way to use your knowledge. As proverb says, Knowledge becomes weapon when applied effectively.
Mitglied seit Mar 17, 2021   536 Posts
Mar 17, 2021 at 18:38
Every new trader should practice on a demo account before investing their money in this risky market.
Mitglied seit Oct 07, 2020   104 Posts
Mar 19, 2021 at 04:36
Michihito posted:
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
Just go with the demo account and rest will follow
Mitglied seit Dec 17, 2020   15 Posts
Mar 24, 2021 at 10:38
Yes, learning should be the first and the last step in trading and a newbie should focus on that.
Mitglied seit Aug 11, 2017   886 Posts
Apr 08, 2021 at 05:32
new Forex trader always try to bring profit with no learning , its totally a wrong mentality. without learning there is no way of earning.
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