New in forex trading

Apr 23, 2017 at 06:52
5,425 Angesehen
121 Replies
Mitglied seit Aug 11, 2017   886 Posts
Mar 10, 2021 at 07:57
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
Mitglied seit Apr 18, 2017   718 Posts
Mar 10, 2021 at 10:35
actually making profit is not a big deal in Forex trading , the main things in there to keep consistent level which is the main challenge . anyone can make profit by one or two times.
Mitglied seit Nov 16, 2020   55 Posts
Mar 10, 2021 at 11:43
It is not for nothing that they say that success is determined not by making a profit, but by its stability and increase.
Mitglied seit Dec 28, 2020   25 Posts
Mar 16, 2021 at 09:26
Only a serious relationship to this area will give you the opportunity to really reach a decent level of earnings.
Mitglied seit Mar 17, 2021   536 Posts
Mar 17, 2021 at 19:04
Quange posted:
Only a serious relationship to this area will give you the opportunity to really reach a decent level of earnings.
Yes. I completely agree with you. You have to be very serious about this business to make money from the forex market.
Mitglied seit Jan 13, 2021   38 Posts
Mar 19, 2021 at 08:41
I would also add discipline to emotions, which also influences and distinguishes us.
Mitglied seit Aug 09, 2017   785 Posts
Mar 22, 2021 at 07:16
you can start with learning first above all from psychology of school. go through this educational site minimum for 2 times . it will bring awesome knowledge with live experience.
Mitglied seit Mar 17, 2021   536 Posts
Sep 04, 2021 at 08:21
RobSchiz posted:
Imamul posted:
you can start with learning first above all from psychology of school. go through this educational site minimum for 2 times . it will bring awesome knowledge with live experience.
A demo account will also be a good option to practice and learn. What you say?
Yes. I agree with you. A demo is the best option for practicing.
Mitglied seit Jul 19, 2020   751 Posts
Sep 06, 2021 at 08:18
Demo is the place for new trader to learn about trading system. Demo is also helpful for old traders as they test their strategy on demo before going to live.
Mitglied seit Sep 22, 2018   70 Posts
Sep 06, 2021 at 19:57
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand


Check out babypips and forex peace army
Mitglied seit Jul 23, 2020   759 Posts
Nov 08, 2021 at 17:03
There are many bad EAs in the market. But some are good. You just need to find those.
Mitglied seit Jul 23, 2020   869 Posts
Nov 10, 2021 at 16:36
As a new trader, you should focus on manual trading rather than EA.
Mitglied seit Nov 03, 2021   53 Posts
Nov 12, 2021 at 06:03
@Sofie_Andreasen The common trait of scammers is that they will promise ridiculously high returns. It’s crucial to do proper research before committing to any expert advisor and always backtest it on a practice account. The performance of an EA on a demo account will show you if it’s suitable to use in the real market conditions or not.
Mitglied seit Mar 28, 2021   617 Posts
Dec 09, 2021 at 07:04
My list of worst thing a newbie can do is to scalp often as this is really risky for newbie. They might get fearful and ended up existing before they profit so they will lose out that way as well. Also, if they get impulsive and depend entirely on forex for an income then they will open many revenge trades and so on which can lead to losses.
Mitglied seit Aug 17, 2021   94 Posts
Dec 11, 2021 at 18:47
You must first select a reputable broker. After that, you must practise demo trading with that broker. You'll also need to do a lot of research and gather information online in addition to demo trading.
Mitglied seit Nov 23, 2021   34 Posts
Dec 16, 2021 at 13:03
If you are just starting out, you can focus on manual trading first. After gaining some experience, you can move to collecting information about automated trading also. I am saying this because in automated trading, you will have to set some conditions for your program. If you don’t have any knowledge, you won’t be able to do that correctly. So, just make the most of the time you have and gather as much information as you can about trading before you build your own system.
Mitglied seit Dec 13, 2021   32 Posts
Dec 17, 2021 at 05:43
As a beginner, one should use a demo account for a while to learn how to trade currencies. A demo trading account gives the trader a chance to trade in a live environment but with virtual money. It is a good idea to write down what one expects from the market, how certain strategies are used, etc. It trains in discipline and brings more perspective.
Mitglied seit Jul 19, 2020   751 Posts
Jan 30, 2022 at 03:05
The forex market is volatile. It is important to understand how to make money in this market. You can always do something else if you don't feel it's right for you.
Mitglied seit Dec 20, 2021   25 Posts
Feb 01, 2022 at 08:15
UweMoench posted:
The forex market is volatile. It is important to understand how to make money in this market. You can always do something else if you don't feel it's right for you.
Agreed, it is very important to have enough knowledge in order to get profitable.
Mitglied seit Feb 20, 2021   78 Posts
Feb 16, 2022 at 05:12
Learn from different sources to enhance your knowledge. A single source would limit your knowledge. Read books, go through articles, watch videos, and start discussions on forums.
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