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Help me i am a newbie
Nov 12, 2017 at 08:07
The most important thing for newbies is to survive in the market which means not loosing their initial capital at the first place which they can't afford to loose.
Because if it happens and they loose major money at the beginning, then they enter into a loosing cycle in their trading psychology for a long time which is very difficult to get out because they will always try to quickly recover the lost money next time they try to trade using any system and then, loose even more and the cycle continues.
So if you have lost some major money as a newbie while trading, then never trade live until you give sufficient time for psychological recovery before recovering the actual money itself because anyway you can recover the money if you become successful in trading, but don't try to recover money quickly.
Because if it happens and they loose major money at the beginning, then they enter into a loosing cycle in their trading psychology for a long time which is very difficult to get out because they will always try to quickly recover the lost money next time they try to trade using any system and then, loose even more and the cycle continues.
So if you have lost some major money as a newbie while trading, then never trade live until you give sufficient time for psychological recovery before recovering the actual money itself because anyway you can recover the money if you become successful in trading, but don't try to recover money quickly.
Artificial General Intelligence
Miembro desde Aug 27, 2017
posts 875
Nov 12, 2017 at 15:54
leo23 posted:
The most important thing for newbies is to survive in the market which means not loosing their initial capital at the first place which they can't afford to loose.
Because if it happens and they loose major money at the beginning, then they enter into a loosing cycle in their trading psychology for a long time which is very difficult to get out because they will always try to quickly recover the lost money next time they try to trade using any system and then, loose even more and the cycle continues.
So if you have lost some major money as a newbie while trading, then never trade live until you give sufficient time for psychological recovery before recovering the actual money itself because anyway you can recover the money if you become successful in trading, but don't try to recover money quickly.
Good direction! In this case, demo is the best way! Because, its all about virtual money so, no way to lose real capital! Traders should invest their own money when they are very sure about their trading skill.
keeping patience.......
Nov 13, 2017 at 07:28
Get the Education
Its like wearing a wrong lens will never help you see things clearly. Get the right Skills, Invest into educating yourself before you go into Live Market. Market Traders are a good Institution. Alpari has good free material.
Its like wearing a wrong lens will never help you see things clearly. Get the right Skills, Invest into educating yourself before you go into Live Market. Market Traders are a good Institution. Alpari has good free material.
Don't Stay in Bed, Unless You can Make Money in Bed.
Nov 13, 2017 at 07:28
Admoni posted:
The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.
Very Well Said
Don't Stay in Bed, Unless You can Make Money in Bed.
forex_trader_458816
Miembro desde Sep 11, 2017
posts 117
Nov 21, 2017 at 07:48
Admoni posted:
Actually instead of demo account it is better to trade in a real account with small balance. Because mostly traders lost interest when trading demo practically especially the newcomers.
But some newcomer put big amount into real account and after Loss all the money, they claim Forex is Scam or that broker scam....😂
Nov 21, 2017 at 15:50
Admoni posted:
The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.
Learning before earning, that sounds very good! I agree fully with your comment about the casino style of trading. There is luck but still one needs to do own homework before entering the market 😄
Nov 22, 2017 at 15:35
Nov 23, 2017 at 15:48
But some newcomer put big amount into real account and after Loss all the money, they claim Forex is Scam or that broker scam....😂
True.
I want to note that for newcomers there is a "New Traders" section here. Maybe better to go there...
Miembro desde Dec 11, 2015
posts 1462
Dec 01, 2017 at 16:44
There ARE a lot of scamming companies offering Forex trading on the market. (https://www.forexbrokerz.com/news/tags/warning) . Unfortunately many newbies lack both the knowledge and the experience to differentiate between a legitimate company and a scammer and they do end up getting scammed. It’s not all just empty complaints from people who trade badly because they don’t know how to trade.
Miembro desde Aug 27, 2017
posts 875
Dec 03, 2017 at 07:57
mlawson71 posted:Yes, I agree with your opinion! I think, new traders should concentrate on their learning process rather than trading result.
There ARE a lot of scamming companies offering Forex trading on the market. (https://www.forexbrokerz.com/news/tags/warning) . Unfortunately many newbies lack both the knowledge and the experience to differentiate between a legitimate company and a scammer and they do end up getting scammed. It’s not all just empty complaints from people who trade badly because they don’t know how to trade.
keeping patience.......
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