Beginner's Tips
Mar 13, 2019 at 13:16
Nasrul_Swing posted:i agree. useful steps.togr posted:
1. Prepare plan of trading
2. Focus and that plan, trade according to that. Keep focused on that ONE thing. Do not alter the plan or combine it with other techniques.
3. At any moment you have to KNOW what to do, keep trade open, close, do not trade...
4. If it works - voila keep it the way it is.
If it does not work - update the plan or make new one and go to point #1
Following these simle steps always lead to point #4
People does not have the patience though to achieve it. Are you an exception?
This is the best bro. Newbie should follow this.
Member Since Jan 05, 2016
1189 posts
Mar 22, 2019 at 19:00
(edited Mar 22, 2019 at 19:14)
HarryPrince posted:
So You are beginner in trading. Firstly you have to get more information about trading. then take a step for trading. when i was beginner in trading i was following [SPAM LINK REMOVED] who is best modern broker. I am still trading with [SPAM INFO REMOVED] which helps in trading Forex, CFD’s, Stocks, Commodities, Indices and Crypto with a quality ECN/STP Hybrid Model.
1] Your very first post you ever make is a spam post for a new and generally unknown brokerage.
2] The brokerage you did in fact spam advertise is absolutely NOT the best modern brokerage.
3] Modern professional brokerage services are also heavily regulated.
As per their website:
https://www.volumefx.com/about-volume/
We do not carry a regulatory brokerage or financial license in any jurisdiction. This allows us to offer higher leverage, a diverse array of trading instruments and cryptocurrency deposit trading accounts.
4] NO PROTECTION OF CLIENT FUNDS.
As per their website:
https://www.volumefx.com/risk-disclosure/
VolumeFX Ltd does not and cannot guarantee the initial capital of the Clients’ portfolio or its value at any time, or any money invested in any financial instrument.
They do not maintain isolated client funds from their own financials.
I looked at their website, and their is little to NO protection of client investment capital.
The list goes on.
Anyone who invests with an unregulated bucket shop such as YOU spam advertised, is putting their entire financial investment with the brokerage at risk for a total lost of investment capital.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Feb 11, 2019
34 posts
Mar 24, 2019 at 07:25
some good advice here. im a newbie myself. so this is very helpful thread :)
forex_trader_688163
Member Since Feb 28, 2019
140 posts
Mar 24, 2019 at 07:49
Professional4X posted:HarryPrince posted:
So You are beginner in trading. Firstly you have to get more information about trading. then take a step for trading. when i was beginner in trading i was following [SPAM LINK REMOVED] who is best modern broker. I am still trading with [SPAM INFO REMOVED] which helps in trading Forex, CFD’s, Stocks, Commodities, Indices and Crypto with a quality ECN/STP Hybrid Model.
1] Your very first post you ever make is a spam post for a new and generally unknown brokerage.
2] The brokerage you did in fact spam advertise is absolutely NOT the best modern brokerage.
3] Modern professional brokerage services are also heavily regulated.
As per their website:
https://www.volumefx.com/about-volume/
We do not carry a regulatory brokerage or financial license in any jurisdiction. This allows us to offer higher leverage, a diverse array of trading instruments and cryptocurrency deposit trading accounts.
4] NO PROTECTION OF CLIENT FUNDS.
As per their website:
https://www.volumefx.com/risk-disclosure/
VolumeFX Ltd does not and cannot guarantee the initial capital of the Clients’ portfolio or its value at any time, or any money invested in any financial instrument.
They do not maintain isolated client funds from their own financials.
I looked at their website, and their is little to NO protection of client investment capital.
The list goes on.
Anyone who invests with an unregulated bucket shop such as YOU spam advertised, is putting their entire financial investment with the brokerage at risk for a total lost of investment capital.
Maybe he just registered to promote the broker.
May 10, 2019 at 10:01
for beginners Patience is important, . But more important is trading discipline. Without real trading discipline that’s not possible at all to lead a successful trading life with certainly in spite of having most powerful analyzing trade knowledge.
forex_trader_565984
Member Since Oct 08, 2018
144 posts
May 12, 2019 at 05:53
First, find one profitable strategy which works for other professional and successful traders.
Next, stick with it to improve it day by day in order to match your trading requirements and trading psychology. Because there is no such holy grail strategy which can work for all traders.
But if you keep changing your strategy completely and start a new strategy every couple of days or couple of weeks or months , then you might continue this process for years and may be for lifetime and may not be able to make profit ever in forex trading consistently.
So first finding one profitable strategy and next, sticking with it to improve it day by day is very very important.
Next, stick with it to improve it day by day in order to match your trading requirements and trading psychology. Because there is no such holy grail strategy which can work for all traders.
But if you keep changing your strategy completely and start a new strategy every couple of days or couple of weeks or months , then you might continue this process for years and may be for lifetime and may not be able to make profit ever in forex trading consistently.
So first finding one profitable strategy and next, sticking with it to improve it day by day is very very important.
May 13, 2019 at 06:06
Stock Trading for Beginners: 5 Things Every Beginner Should Know Before Hitting the Buy Button
1. Find the right broker at the right price.
2. Consider starting with exchange-traded funds.
3. Start with safer stocks.
4. Don't pay too much in fees.
5. Don't fall for hot stocks, even if the company is promising.
1. Find the right broker at the right price.
2. Consider starting with exchange-traded funds.
3. Start with safer stocks.
4. Don't pay too much in fees.
5. Don't fall for hot stocks, even if the company is promising.
May 14, 2019 at 06:32
Imamul posted:so true. beginners mostly trade without proper risk management which is why they end up losing.
for beginners shouldn’t focus on his winning trade percentage, he or she always have to emphasis to minimize risk and never trade with emotions.
May 14, 2019 at 10:59
From this market place so many traders fail despite of having powerful trading strategies, because they have no proper money managing plan. the success in Fx depend on money management , so we the traders who are particularly beginners have to emphasis on money managing plan besides acquiring good trading knowledge.
May 14, 2019 at 12:26
according to me, Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!
May 19, 2019 at 06:05
Imamul posted:
according to me, Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!
Exactly, no need to invest real money when you can use demo money.
May 28, 2019 at 09:55
I have seen mostly brokers don’t allow scalping in their trading platforms. So we the traders who are particularly scalpers have to choose our broker carefully. First of all we have to ensure brokers trading spreads , actually without lowest trading spreads that’s not possible at all to make profit with certainly in spite of having good trading knowledge .
Member Since May 22, 2019
11 posts
May 29, 2019 at 05:50
not just risk reward ratio but also actual monetary risk in $$$. So many people start trading with 1Lot thinking that means $1 per pip and then lose big time
Jun 02, 2019 at 11:50
Treeny posted:Imamul posted:
according to me, Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!
Exactly, no need to invest real money when you can use demo money.
Sure. Even experienced traders are using demos for testing new strategies.
momchil_slavov@
Jul 08, 2019 at 11:50
Beginners require developing the trading journey with carefulness. Random ways and knowledge gathering can’t provide comfort to the novice traders. A beginner must learn how to deal with the uncertainties and insecurity related with the forex market with careful hand and most importantly in the effectual manner here. A forex trader however requires taking decisions of choosing broker very carefully as naïve traders are being fooled by the fraud brokers due to ignorance.
Aug 06, 2019 at 13:58
As a master place to practice Forex trading in a proper way there is no alternative way to trade demo account. But practically we don’t believe the importance of this trading place especially the beginners. As a result we are becoming loser due to lack of exact market principle.
