For newbie long term trading
Dec 31, 2020 at 13:15
Vistas 636
17 Replies
Dec 31, 2020 at 13:15
For newbie long term trading is good as it helps to develop trading psychology. And for long term H4 and D1 time frames are good. But above all, the best is what works for you. What works for me may not work for you. By study and experiment you have to find out what you understand the most and what works for you.
Miembro desde Nov 12, 2020
posts 23
Jan 11, 2021 at 07:15
Before making any investments, a newbie needs to understand his requirements. They must practice as much as they can on their demo account and then, plan what they really want to do.
Miembro desde Nov 19, 2020
posts 22
Jan 21, 2021 at 09:46
Yes, working and developing a trading psychology really helps a trader for long term growth. It is also important to have the right trading mindset.
Miembro desde Nov 17, 2020
posts 24
Feb 06, 2021 at 11:48
Duktilar posted:I guess a newbie should first learn at least the basics of trading. There is no point of trading without any prior knowledge.
You just need to set yourself up for trading and set priorities for yourself.
Miembro desde Nov 23, 2020
posts 17
Feb 08, 2021 at 05:34
Raywilkins665 posted:Yes. Also, a new trader needs to understand that you won’t be getting profits as soon as you start trading. You have to keep yourself prepared for the losses too though they can be covered up later.Duktilar posted:I guess a newbie should first learn at least the basics of trading. There is no point of trading without any prior knowledge.
You just need to set yourself up for trading and set priorities for yourself.
Feb 08, 2021 at 05:57
Raywilkins665 posted:NO doubts about it, learning is the first step in any field, including forex. If one has little or no knowledge, then there is hardly any chance of achieving success.
I guess a newbie should first learn at least the basics of trading. There is no point of trading without any prior knowledge.
Miembro desde Nov 17, 2020
posts 24
Feb 08, 2021 at 11:03
ramirokeller posted:I too had this thing in mind that I’ll be facing loss at the start but thankfully it was not that much. Maybe partially also because of low cost brokers like fxview and XM that I used. I have always researched before trading in anything and double checked before taking any decision. If a beginner will keep these small things in mind, he won’t be facing any problem. Afterall it’s all about being more responsible towards your own money.Raywilkins665 posted:Yes. Also, a new trader needs to understand that you won’t be getting profits as soon as you start trading. You have to keep yourself prepared for the losses too though they can be covered up later.Duktilar posted:I guess a newbie should first learn at least the basics of trading. There is no point of trading without any prior knowledge.
You just need to set yourself up for trading and set priorities for yourself.
Miembro desde Nov 23, 2020
posts 17
Feb 09, 2021 at 05:54
Raywilkins665 posted:Absolutely. Taking care of these small things results in big profits. If not big, it can still give satisfactory results.ramirokeller posted:I too had this thing in mind that I’ll be facing loss at the start but thankfully it was not that much. Maybe partially also because of low cost brokers like fxview and XM that I used. I have always researched before trading in anything and double checked before taking any decision. If a beginner will keep these small things in mind, he won’t be facing any problem. Afterall it’s all about being more responsible towards your own money.Raywilkins665 posted:Yes. Also, a new trader needs to understand that you won’t be getting profits as soon as you start trading. You have to keep yourself prepared for the losses too though they can be covered up later.Duktilar posted:I guess a newbie should first learn at least the basics of trading. There is no point of trading without any prior knowledge.
You just need to set yourself up for trading and set priorities for yourself.
Miembro desde Jul 20, 2020
posts 298
Feb 14, 2021 at 17:28
The risk is lower than short term trading to long term trading. It is possible to follow money management properly.
Miembro desde Dec 24, 2020
posts 15
Mar 02, 2021 at 04:37
Yes, trading psychology is fundamental for traders and they need to make up the right trading mind for trading peacefully.
Miembro desde Jul 20, 2020
posts 399
Oct 24, 2021 at 16:48
ramirokeller posted:Raywilkins665 posted:Yes. Also, a new trader needs to understand that you won’t be getting profits as soon as you start trading. You have to keep yourself prepared for the losses too though they can be covered up later.Duktilar posted:I guess a newbie should first learn at least the basics of trading. There is no point of trading without any prior knowledge.
You just need to set yourself up for trading and set priorities for yourself.
This is so key like if new traders get profits it is quickly taken away from them. There are no shortcuts
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