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For Newbie

Michihito
Oct 19 2020 at 06:50
298 Posts
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
Oct 19 2020 at 10:39
11 Posts
First year of trading should be all about learning and demoing. I would not consider trading for profit until after that

DoraWalletInvest
Oct 21 2020 at 18:27
123 Posts
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
Oct 22 2020 at 06:26
18 Posts
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
Oct 22 2020 at 20:47
232 Posts
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
Oct 23 2020 at 11:19
33 Posts
Stress upon learning and practicing, that's a must for a newbie, atleast for some initial years of trading.

Kazile
Oct 26 2020 at 10:15
119 Posts
Every trade, every trade will be heightened, emotional, and we will always be under stress.

Daxton
Oct 27 2020 at 06:29
34 Posts
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
Oct 28 2020 at 01:12
298 Posts
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.

Betty_60
Oct 28 2020 at 08:59
41 Posts
I agree with @Wreeves
Giving good amount of time to practicing is a must for every newbie if he wants to earn success in the long run.

Malonin
Oct 28 2020 at 09:12
5 Posts
The most important thing is not to chase big profits, but it is better to start, say, with a minimum deposit of $ 100, like with the Amarkets broker, and then this will give you the opportunity to earn a little in case of successful trading, and you will not mind losing if you have to go through such an experience.

Shelby10
Oct 30 2020 at 10:12
140 Posts
New traders should pick a regulated broker for them. Wrong brokers can put them in a great danger.

IvanMelnik
Oct 30 2020 at 10:50
34 Posts
Shelby10 posted:
New traders should pick a regulated broker for them. Wrong brokers can put them in a great danger.

True. For safety of your funds, it is wise to go with regulated ones.

GeorgeBischof
Oct 30 2020 at 11:07
318 Posts
Besides a regulated broker, a trader should choose the best strategy to make profit from the market.

Amber_0302
Oct 31 2020 at 10:00
54 Posts
for a new trader the first priority should be the knowledge about trading and the practical learning.

Tiffany07
Nov 02 2020 at 06:46
36 Posts
I believe for a newbie, the most prior thing is to work on enhancing their knowledge. Knowledge and learning are like the lifeblood of any beginner in forex.

ElliotCooke
Nov 02 2020 at 11:38
341 Posts
Every new trader should be very serious about their trading. They should make a good and solid trading plan to make profit from this market.

ddarko3
Nov 03 2020 at 06:54
63 Posts
ElliotCooke posted:
Every new trader should be very serious about their trading. They should make a good and solid trading plan to make profit from this market.

Yes! If they want to make a profit, then they should really take their forex trading very serious.

Daxton
Nov 03 2020 at 07:10
34 Posts
ddarko3 posted:
ElliotCooke posted:
Every new trader should be very serious about their trading. They should make a good and solid trading plan to make profit from this market.

Yes! If they want to make a profit, then they should really take their forex trading very serious.


Correct. Forex is no quick way to get substantially rich. We have to work hard for it.

Imamul
Nov 03 2020 at 07:39
649 Posts
sounds really good that you are willing to learn , actually there is no way to stop learning from there even after passing a long time in there. good luck to you.

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