For Newbie
Michihito
Mitglied seit Jul 19, 2020
206 Beiträge
Oct 19 2020 at 06:50
For newbie small capital is good. Actually what I think is when you start forget about capital and profit. Focus on knowledge and skills. Most traders make this mistake, they focus on profit at the first hand. They don't realize that forex trading requires specific knowledge and skills. I would recommend to study and research as much as possible.
Wreeves
Mitglied seit Apr 03, 2019
11 Beiträge
Oct 19 2020 at 10:39
First year of trading should be all about learning and demoing. I would not consider trading for profit until after that
DoraWalletInvest
Mitglied seit Aug 17, 2020
123 Beiträge
Oct 21 2020 at 18:27
Definitely, I agree with both of you. Trading is portrayed as a way to get rich quick way too often, but we need to be careful and not let greed dictate our decisions.
Joao91
Mitglied seit Oct 05, 2020
15 Beiträge
Oct 22 2020 at 06:26
Wreeves posted:
First year of trading should be all about learning and demoing. I would not consider trading for profit until after that
Agreed, sufficient time should be given to learning, research and demo trading in the beginning, however, that time period can vary for all I guess.
EbonyJones
Mitglied seit Jul 20, 2020
220 Beiträge
Oct 22 2020 at 20:47
Most of the new traders lose their investment because of picking the wrong strategy. So, try to pick the suitable and right strategy according to your trading plan.
Juan_Garcia
Mitglied seit Jun 05, 2020
33 Beiträge
Oct 23 2020 at 11:19
Stress upon learning and practicing, that's a must for a newbie, atleast for some initial years of trading.
Kazile
Mitglied seit Apr 25, 2020
85 Beiträge
Oct 26 2020 at 10:15
Every trade, every trade will be heightened, emotional, and we will always be under stress.
Daxton
Mitglied seit Sep 23, 2020
22 Beiträge
Oct 27 2020 at 06:29
Michihito posted:
For newbie small capital is good. Actually what I think is when you start forget about capital and profit. Focus on knowledge and skills. Most traders make this mistake, they focus on profit at the first hand. They don't realize that forex trading requires specific knowledge and skills. I would recommend to study and research as much as possible.
Well said, People focus more on profits than enhancing their knowledge base. A better thing is to pay more attention on learning and practicing than on profits, profits will automatically flow if your concepts, strategies are right.
LeviSievwright5
Mitglied seit Jul 20, 2020
214 Beiträge
Oct 28 2020 at 01:12
Of course, small capital is needed to reduce losses. When a trader joins new trading he has less knowledge about trading. In this case, if he is given a big investment, he is more likely to lose that investment. So a new trader needs to acquire a lot of information and knowledge.