trading basic

Nov 16, 2017 at 15:30
2,826 Views
69 Replies
Member Since Mar 12, 2018   40 posts
Jun 26, 2018 at 12:01
CleanTrader posted:
'knightmare' sounds scary!! I lost $1000 on one trade before that scarred the sh&t out of me. From that day on I decided to actually learn how to trade
You made better decision. Experience is the best teacher.
But its a wise thing to learn from the experiences of others.
Member Since May 30, 2018   20 posts
Jun 27, 2018 at 12:53
Imamul posted:
The beginners should learning it a common thing , your learning process will be valueless until make sure a great place for practicing practically. Demo account can be chosen for that.
True! Unless learned skills are put into practice what is the use? And demo account trading is perfect for this purpose.
Member Since Nov 24, 2017   14 posts
Jul 01, 2018 at 05:56
Demo is just about learning. FX trading is all about a learning process. You wouldn't dream of being a professional footballer without practising a lot before hand
Member Since Oct 10, 2017   15 posts
Jul 01, 2018 at 07:11
But you cannot get the same emotions with a demo account. I prefer a micro real account to learn on
Member Since Aug 11, 2017   886 posts
Sep 02, 2018 at 08:33
in trading Loss is a common attitude in here that anyone can’t avoid despite of good knowledge, but if we do same losses again and again there is no chance to come out from losses.
Member Since Sep 13, 2018   1 posts
Sep 13, 2018 at 06:55
Mohammadi posted:
We the traders first of all have to take demo trading seriously for acquire most powerful analyzing fundamental trading knowledge which is very supportive to continue a live trading in a proper way. but practically we the traders who are particularly newcomers don’t believe the importance of this trading place at all. as a result almost 90% traders are loser from here due to lack of exact trading knowledge . so, we have to make sure demo trading continually for become a knowledgeable trader very rapidly.

We the merchants as a matter of first importance need to consider demo exchanging important for get most ground-breaking investigating basic exchanging learning which is extremely steady to proceed with a live exchanging an appropriate way. be that as it may, for all intents and purposes we the brokers who are especially newcomers don't trust the significance of this exchanging place by any means. subsequently right around 90% merchants are washout from here because of absence of correct exchanging information . in this way, we need to ensure demo exchanging ceaselessly for turn into a proficient broker quickly.
Member Since Aug 11, 2017   886 posts
Sep 13, 2018 at 08:43
Knowledge is the key to success in Forex. There is nobody who can make success from here without knowledge . so we have to emphasis on acquiring real trading knowledge and we can get most powerful analyzing trade knowledge by passing a long time. Otherwise that’s not possible at all.
Member Since Sep 07, 2018   8 posts
Sep 16, 2018 at 05:58
Don't forget practice. You can have all theknowledge in the world but if you don't practice and know how to apply your knowledge then it is pointless. I find that price can move very different in real life compared to the 'theory'
Member Since Aug 11, 2017   886 posts
Sep 18, 2018 at 09:04
In Forex trading, we the traders have to be professional if we want to get maximal result from this volatile trading place. and for being a professional trader we the traders have to pass a long time period for acquiring most powerful analyzing trade knowledge which is really supportive to predict the faction of this market with certainly. And besides this also important to keep trading discipline with great money management.
Member Since Sep 18, 2018   11 posts
Sep 18, 2018 at 10:45
I have been trading for many months and there is still a long way to go. So much to learn and try. techincals, fundaments, risk management. Lots and lots. I try this on demo and it is so difficult to get profit. I'm sure I will get there with time
Member Since Aug 11, 2017   886 posts
Sep 22, 2018 at 08:52
Only trading knowledge can help us in this market place to lead a comfortable trading life with certainly, so pass a long time in here with regular practice. Hope everything will change.
Member Since Sep 21, 2018   6 posts
Sep 25, 2018 at 08:01
Bacis knowledge is important in the world of forex market. for beginners, they need to learn forex trading and with the basic knowledge they can put a step or can place their first trade.
Member Since Sep 06, 2018   6 posts
Sep 28, 2018 at 05:45
SAFXEater posted:
But you cannot get the same emotions with a demo account. I prefer a micro real account to learn on
That tends to be true for a lot of traders. But since demo account trading is important I think it is better to first try trading live on a micro account like you said and after that if you're good you should probably move on to a bigger account.
Member Since Aug 09, 2017   785 posts
Oct 03, 2018 at 06:51
That’s really true, knowledge is power house of trading success! In addition, knowledgeable traders are also able to identify the difference between a good and scam broker! But honestly, broker plays a strong role here! No one can success here without a good trading broker! Whatever, novice traders should concentrate first on their learning process than broker!
Member Since Aug 11, 2017   886 posts
Oct 03, 2018 at 08:25
I have seen according to my trading experience the traders who are particularly new Forex trader or part timer always try to depend on scalping approach that brings profit in a short time. scalping brings profit very rapidly but this approach make them loser ultimately because it contains huge risk.
Member Since Oct 09, 2018   41 posts
Oct 12, 2018 at 05:59
To learn the basics of trading, start with demo account where you’ll be able to trade on real life like situations risk free.
Member Since Aug 21, 2018   11 posts
Oct 12, 2018 at 10:05
I use my demo account all the time for new strategy forward and backtest. It is best for new and advanced users. why waste money on real when demo is free to make mistake!
Member Since Aug 11, 2017   886 posts
Oct 16, 2018 at 13:08
exactly, learning good knowledge from at any good books cannot bring good result when trading if you don't have much practice in trading .  learning with regular practice , its a real combination in this Stock market.
Member Since Oct 16, 2018   8 posts
Oct 16, 2018 at 14:16
real account is not a waste. How you know what it is really like to trade unless you have money on the line. I did well on demo and then went to real and it was so different. I had to learn all over again
Member Since Oct 03, 2018   5 posts
Oct 17, 2018 at 07:07
Imamul posted:
That’s really true, knowledge is power house of trading success! In addition, knowledgeable traders are also able to identify the difference between a good and scam broker! But honestly, broker plays a strong role here! No one can success here without a good trading broker! Whatever, novice traders should concentrate first on their learning process than broker!
That's actually true without knowledge it is not possible to get success in the forex world so it is better to focus on learning first, then look for a reliable forex broker as it is also equally important.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.