I'm new to Forex trading and looking for some advice

Dec 19, 2014 at 15:24
3,426 Angesehen
55 Replies
Mitglied seit Jun 28, 2011   465 Posts
Dec 23, 2014 at 04:12
'I'm not very good in all this programming stuff'

No one is good at anything when they first start out, but if you want to be professional then you need to learn all aspects about your business. However, until that day, there are good programmers available to help. If you can't make a patch on the program that you are trading through, then ask the developer to make the patch. He will charge you something but probably not too much as he will be interested in ways to improve his program. Anyway, you'll be ok, just take as much time as you need and strive to be the best, whatever it takes.

Bob
where research touches lives.
Mitglied seit Nov 20, 2014   12 Posts
Dec 23, 2014 at 10:57
ForexAssistant posted:
'I'm not very good in all this programming stuff'

No one is good at anything when they first start out, but if you want to be professional then you need to learn all aspects about your business. However, until that day, there are good programmers available to help. If you can't make a patch on the program that you are trading through, then ask the developer to make the patch. He will charge you something but probably not too much as he will be interested in ways to improve his program. Anyway, you'll be ok, just take as much time as you need and strive to be the best, whatever it takes.

Bob

You see, I'm good with numbers. I don't need EA's to trade. I want to learn myself as much as I can and after that (if I'll become lazy to trade manual 😁), I'll maybe start using programs. But my opinion - it's like driving without knowledge. And when you get into car crash you can say 'Oh, bad car!'
Mitglied seit Nov 20, 2014   2 Posts
Dec 23, 2014 at 10:58
Hello!
Which broker can you advise for trader from Russia?
Mitglied seit Jun 28, 2011   465 Posts
Dec 23, 2014 at 14:09
There are good brokers everywhere but what Russians and Americans have to do is to find a small neutral country so politics can be eliminated. I like Lucror out of New Zealand but they have even stopped accepting US traders. Do us a favor if you don't mind and let us know who you settled on.

Just for the record, I for one feel completely miserable about the sanctions and how our politicians can't seem to learn to get along with each other. Russians and Americans are good for each other, I offer our cooperation in WW2, space exploration, medical breakthroughs and more.

I have a quick story to share with everyone. One century ago, that's 100 years ago tomorrow, on the 24th of Dec. 1914, the allies were entrenched in their bunkers and a couple hundred yards away the Germans were doing the same in theirs. It was the thick of WW1. There was a temporary cease fire and the Allies began singing Christmas music. When they took a break the most normal thing in the world happened, the Germans took up the singing. The rest of the evening the two sides sang to each other and occasionally with each other.

It was the Germans that first climb out of their trenches that Christmas morning and when the allies saw it wasn't a trick, they climbed out of their trenches and the two enemies met on the battlefield to share drinks and food together. They gave each other small presents, played games including a soccer match. At the end of the day, the solders said good night to their new friends and shook hands. They climbed back into their trenches as evening came on and continued to kill each other.

I pray for the day when only people share this planet and there is no such thing as governments, aggression or enemies.

Merry Christmas my friends, to everyone but especially to our Russian friends. And the best and happiest of New Years.

Bob





where research touches lives.
Mitglied seit Nov 20, 2014   12 Posts
Jan 02, 2015 at 16:10
and Happy New Year for everybody ;)))
myfxpt
forex_trader_43716
Mitglied seit Aug 06, 2011   345 Posts
Jan 24, 2015 at 20:11
ForexAssistant posted:

I pray for the day when only people share this planet and there is no such thing as governments, aggression or enemies.

Merry Christmas my friends, to everyone but especially to our Russian friends. And the best and happiest of New Years.

Bob


Will we ever get there? Not likely! There's always going to be someone that wants to control another through either manipulation or violence, or both...it's how us humans seem to work. 😎
myfxpt
forex_trader_43716
Mitglied seit Aug 06, 2011   345 Posts
Jan 24, 2015 at 20:12
Lswilliams posted:
Hey all,
I'm new to forex trading and I'm just looking for some advice and guidance, I'm Lewis and I'm from the UK and currently a final year student (I study film and philosophy), I have no real experience in trading, I have traded on a demo account for the last couple of weeks, but I know trading for real is different, so I'm just looking for guidance or help, to help me learn the market quicker or some information I can study to improve my trading skills. I will attach a image of the trading I have done so far on my demo account, so far I have just been listening to the news and following what they have been saying and depending what they have been saying I buy or sell. I have no idea how to predict what the graph will be next etc I have tried but failed. Anyway if anyone can help me or give me guidance to improve my trading skills quicker that would be great.

https://www.babypips.com/school 😎
Mitglied seit Dec 15, 2014   2 Posts
Jan 25, 2015 at 07:47
Lswilliams posted:
Hey all,
I'm new to forex trading and I'm just looking for some advice and guidance, I'm Lewis and I'm from the UK and currently a final year student (I study film and philosophy), I have no real experience in trading, I have traded on a demo account for the last couple of weeks, but I know trading for real is different, so I'm just looking for guidance or help, to help me learn the market quicker or some information I can study to improve my trading skills. I will attach a image of the trading I have done so far on my demo account, so far I have just been listening to the news and following what they have been saying and depending what they have been saying I buy or sell. I have no idea how to predict what the graph will be next etc I have tried but failed. Anyway if anyone can help me or give me guidance to improve my trading skills quicker that would be great.


fxkeys.com

I am like you new to trading, this guys site is the best I have found. It fits my trading style since I work full time. He trades the daily charts so I just have to check once a day. I have been trading a demo account using his system for two months and have been profitable on both months. Lots of articles and he does not affiliate market or sell anything. I am glad I found this site so just thought I would share it.
ColiseumFX
forex_trader_212968
Mitglied seit Oct 21, 2014   15 Posts
Jan 25, 2015 at 09:59
If you're new to trading please be prepared to blow your account more than a couple times before you even have a idea how the market works.
Mitglied seit Oct 25, 2012   63 Posts
Jan 26, 2015 at 11:04
ColiseumFX posted:
If you're new to trading please be prepared to blow your account more than a couple times before you even have a idea how the market works.

Also depends how quickly you learn from mistakes, your will to act and acknowledge epistomology, how greedy you are and your rationale. According to results women make far better investors (particularly younger women) as they do not allow short-term insight get the better of their trading decisions. It's a lot more fairer to say that newbies will most likely lose money before they are able to make money consistently from the market. Let me know your thoughts.
When you lose, don't lose the Lesson
Mitglied seit Oct 25, 2012   63 Posts
Jan 26, 2015 at 11:05
myfxpt posted:
Lswilliams posted:
Hey all,
I'm new to forex trading and I'm just looking for some advice and guidance, I'm Lewis and I'm from the UK and currently a final year student (I study film and philosophy), I have no real experience in trading, I have traded on a demo account for the last couple of weeks, but I know trading for real is different, so I'm just looking for guidance or help, to help me learn the market quicker or some information I can study to improve my trading skills. I will attach a image of the trading I have done so far on my demo account, so far I have just been listening to the news and following what they have been saying and depending what they have been saying I buy or sell. I have no idea how to predict what the graph will be next etc I have tried but failed. Anyway if anyone can help me or give me guidance to improve my trading skills quicker that would be great.

https://www.babypips.com/school 😎

Great website.
When you lose, don't lose the Lesson
Mitglied seit Oct 25, 2012   63 Posts
Jan 26, 2015 at 11:08
Post_Tropical posted:
first of all don't use eToro. They are horrible.


Couldn't agree any more with that statement. eToro charge extortionate spreads and there is very little transparency in what you see compared to what you get.
When you lose, don't lose the Lesson
Mitglied seit Jun 28, 2011   465 Posts
Jan 26, 2015 at 14:53
ColiseumFX posted:
If you're new to trading please be prepared to blow your account more than a couple times before you even have a idea how the market works.


That is no longer necessarily true, although it was just a couple of years ago. Now there are proven robotic systems that allow you to start earning while you're learning, or learning while you're earning, your choice.

You will be able to see for yourself how the robotic systems work and tailor the different aspects to suit your mood. Let me suggest that you download the PIG (Passive Income Generator) and use it on a demo until it hits you that there isn't any reason to not be make real money with it. All of that will come on its own.

For those that live outside the US, you also have the option of trying out RISE, the only program that traded for 15 month, over 3000 trades with zero losses. Won't work under US limitations but it won't cost you one cent to find out how well it will work for you as a main income or part of a diversified portfolio.

You can get both from TheSafeInvestor.com Currently we are working on a training program to make learning the various systems even easier. The world has changed and unfortunately many traders are having a hard time adapting. Everything is becoming automated and there are traders that like the robots so well, that's all they do, but in addition to doing actual trading the robots can teach you a few tricks as well.

If you would like to see the curves of those two programs, I have been running both for over a year and you can see the curves, the open trades and the history at

https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913 for RISE and

https://www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841 for the PIG.
where research touches lives.
Mitglied seit Aug 17, 2021   94 Posts
Oct 30, 2021 at 12:37
Tips for Forex Trading Beginners:

1: Know the Markets. We cannot overstate the importance of educating ourselves on the forex market.
2: Make a Plan and Stick to It.
3: Practice.
4: Forecast the “Weather Conditions” of the Market.
5: Know Your Limits.
6: Know Where to Stop Along the Way.
7: Check Your Emotions at the Door.
8: Keep It Slow and Steady.
Mitglied seit Jul 23, 2020   759 Posts
Nov 10, 2021 at 11:47
A common mistake made by a lot of novice traders is to dive straight in, but you shouldn’t enter a trade until it’s been well thought out.
Mitglied seit Jul 23, 2020   869 Posts
Nov 10, 2021 at 16:33
Take the time to study currency pairs and what affects them before risking your own capital.
Mitglied seit Mar 28, 2021   617 Posts
Dec 09, 2021 at 08:10
Newbie should trade in higher timeframe. In higher time frame, price doesn't move that much compared to lower time frame. Due to the volatility in lower time frame, controlling emotions becomes difficult. It makes traders restless. If you want to be disciplined in trading, trade on D1 and H4.
Mitglied seit Nov 23, 2021   34 Posts
Dec 17, 2021 at 13:23
There is a difference between what you learn about the forex market and how it really is. Obtaining knowledge about the concept should be your first step and the next step should be applying your knowledge. After demo trading for a while, use a small amount when you go live. Understand the market well before you take a big step.
Mitglied seit Aug 27, 2017   994 Posts
Dec 18, 2021 at 13:16
only trading advice cant brings good knowledge and experience until having a regular practice. so we the traders should focus on there first.
Mitglied seit Aug 27, 2017   994 Posts
Dec 21, 2021 at 13:42
the newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker which allows trading concepts such as this.
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