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Beginner's Tips

EbonyJones
Dec 06 2020 at 11:07
232 Beiträge
A beginner should choose a regulated broker to trade in the market. There are so many brokers in the market. Some are good and some are bad. So, be careful at the time of choosing your broker.

AmDiab
Dec 07 2020 at 06:15
718 Beiträge
having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.

AniLorak
Dec 07 2020 at 06:29
920 Beiträge
newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

georgejoseph257 (georgejoseph257)
Dec 08 2020 at 08:13
9 Beiträge
Practise makes you perfect.
Having a mentor helps in any field you choose.
Choose the correct mentor with proven track record.
Only 2-5% forex traders are successful long term. It's not easy money. You need to work for it.
Work smart by investing in correct mentor, practising on a demo account for few months until you make profit on consistent basis, use stop loss before entering in the market.

Invest in a safe broker.
I use forex peace army to check the rating of a broker before i invest money in them. Anything below 3/5 , i wont invest in them.
Brokers i use are keytomarkets, darwinex, pepperstone.


I used to do manual trading. Now, i only does EA trading ( removing emotions out of the equation and getting discipline in return). EA is turned off completely on high impact news days.

If you are lucky to have a mentor, you might achieve your goals earlier or ATLEAST wont loose lot of money investing.
I did have a mentor/teacher though who taught me the basics. However i moved on from him since his goal was only to achieve around 5k per year. I learned from many institutions online , youtube channels etc. I paid an institution once only to ask for a refund as their strategies didn't pan out. I don't think hardly anyone would teach profitable strategies free of cost or for a low charge. Forex is a trillion dollar industry. Why teach their own trillion dollar strategies for small price. PAMM would be a better option safe guarding their property. If you decide to have a mentor, please check his myfxbook record first.

A professional trader supplements their income by providing basic lessons on teamviewer, youtube channel, PAMM accounts , copy trades , making forex bots,indicators etc..

All the best.

Regards

George

Ramierez
Dec 08 2020 at 15:58
20 Beiträge
My advice to beginner broker would be to learn about the forex market, keep it slow and practice in demo till you gain the confidence to start live trading.

Jude_craig
Dec 09 2020 at 06:32
63 Beiträge
AmDiab posted:
having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.


Correct. Its not possible to avoid it altogether, however the frequency of losses can be reduced with hard work and practice.

Starcliff
Dec 09 2020 at 08:22
36 Beiträge
Indeed, losses are inevitable, just learn how to minimize them and make them more normal.

Mohammadi
Dec 12 2020 at 03:27
861 Beiträge
Knowledge is the key to success in Forex. There is nobody who can make success from here without knowledge . so we have to emphasis on acquiring real trading knowledge and we can get most powerful analyzing trade knowledge by passing a long time. Otherwise that’s not possible at all.

Adribaasmet
Dec 12 2020 at 05:42
923 Beiträge
Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience.  take it or leave it. decisions is yours.  thanks 

Adribaasmet
Dec 13 2020 at 04:54
923 Beiträge
success is a big deal in this market place because most of the traders who are particularly beginners always become a loser . so be careful guys when trading into this . good luck 

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