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newcomers trading habit
Mitglied seit Jul 20, 2020
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Mitglied seit Oct 08, 2020
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Nov 07, 2020 at 08:11
Mitglied seit Apr 15, 2020
219 Posts
Emma93 posted:
What are the best strategies for new comers?
for new comer's fundamental analysis is the best way to begin. Identify the over all trend of your favourite instrument, track the market thoroughly and check news. Next is to ascertain the risk percentage. never open a trade without stop loss.
The more your practice, the more you learn.
Mitglied seit Nov 07, 2020
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Mitglied seit Jul 20, 2020
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Mitglied seit Jan 11, 2019
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Feb 02, 2021 at 11:37
Mitglied seit Nov 19, 2020
104 Posts
Sarjohn posted:Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Feb 25, 2021 at 11:56
Mitglied seit Nov 06, 2020
24 Posts
Yeah and even entering and exiting the trade at the right moment is something that requires a lot of patience. Waiting for the right trade opportunities is something that traders find difficult. This is the reason why practicing demo account trading is suggested. There are reliable brokers out there like xm and fxview with good platforms. See if these suit you and invest some time instead of wasting your money.
Mitglied seit Nov 10, 2020
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Feb 26, 2021 at 12:11
Mitglied seit Nov 06, 2020
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PercymcDonnell54 posted:See now that’s the idea, you needn’t rush into bad currency trades. If they don’t come up in that particular session, there’s always next. It’ll be worth the wait and patience.
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?
Mar 08, 2021 at 11:00
Mitglied seit Dec 28, 2020
187 Posts
Joz8 posted:Yes it totally depends upon the trader i traded almost 5 months on a demo account before going to a live account.Sarjohn posted:Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Mitglied seit Dec 17, 2020
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Mitglied seit Mar 17, 2021
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