New Trader
Miembro desde Nov 06, 2018
posts 83
Mar 16, 2021 at 15:09
Make sure that you practice on demo until you are confident.
You can learn on sites such as YouTube, or Babypips for free.
You can learn on sites such as YouTube, or Babypips for free.
Mar 17, 2021 at 11:42
Imamul posted:Agree with you. Beginners should do demo trading for a few months so that they gain familiarity with the platform and when they have gained some confidence they can go live.
i dont support any kind of live trading for the traders who are particularly newcomers. because this approach can make beginners emotional and greedy.
Miembro desde Mar 17, 2021
posts 536
Mar 17, 2021 at 18:40
PeteLanceley posted:Yes. I agree with you. every new trader should practice on a demo account before starting live trading.
Make sure that you practice on demo until you are confident.
You can learn on sites such as YouTube, or Babypips for free.
Elena Triston (ele020)
Miembro desde Apr 15, 2020
posts 219
Mar 18, 2021 at 07:00
dalbamou posted:I agree with your advise.
Hi Paulo, my advice is not to use bots to 'scalping', brokers do not like it and you will end up losing money. Try to look for short / medium term bots, which have at least 20 pips of profit.
The more your practice, the more you learn.
Miembro desde Mar 15, 2021
posts 17
Mar 18, 2021 at 12:35
One important difference between trading and going to the casino is that when you go out to gamble, you have a negative expected return. In other words, the house is always expected to win over the long run, on average. Trading , however, if done skillfully and artfully, can put you in the position of the house.
AuxiliumFx (AuxiliumFx)
Miembro desde Apr 14, 2019
posts 10
Mar 18, 2021 at 14:14
Dictiony posted:
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Welcome to the forex world. Speaking on experience and please have an open mind.
Focus more on the psychological aspect. Suprising trading is extremely simple, we as humans complicate it beyond belief. A quick babypips course is enough along side some tweak as time goes on to your trading method.
Also regarding demo accounts. Use these to test and get used to placing orders. Such as how different order types work such as limit and market orders, stop loss and take profit. Once your confident 'go live' with real money. Preferable with a cent account. $10 gets you 1000c and trade that as it will train your psyche which is the most important factor in my opinion.
Hope this helps
Consistency Starts Here
AuxiliumFx (AuxiliumFx)
Miembro desde Apr 14, 2019
posts 10
Mar 19, 2021 at 10:28
Dictiony posted:
As a new trader, you should do your trade manually and not use robots.
Of course, you are correct.
A. robot wont gain you any experience in the markets.
Consistency Starts Here
Miembro desde Jul 23, 2020
posts 869
Mar 19, 2021 at 17:42
Dictiony posted:Right. I also agree. New traders should know the market first before auto trading.
As a new trader, you should do your trade manually and not use robots.
Miembro desde Mar 16, 2021
posts 477
Mar 21, 2021 at 02:32
dalbamou posted:Yes, I agree with you. I use any strategy but if I can't implement that strategy properly on the platform, it has no value.
Hi Paulo, my advice is not to use bots to 'scalping', brokers do not like it and you will end up losing money. Try to look for short / medium term bots, which have at least 20 pips of profit.
Mar 21, 2021 at 17:16
Dictiony posted:Yes, your idea is correct. I think it is never possible to survive in trading without knowledge. New traders will therefore have to gain experience by practicing the demo first.
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Miembro desde Mar 16, 2021
posts 477
Mar 24, 2021 at 01:04
Beginner traders should acquire trading education attentively. If trading education is not achieved properly, making a profit will be much more complicated.
Mar 25, 2021 at 10:46
I think researching on specific pair can help to understand price pattern of that pair. Every pair has its own unique characteristics. If you can find out that you don't even need too many pairs to trade. Only one or two pairs can be sufficient.
Miembro desde May 27, 2021
posts 64
Sep 28, 2021 at 11:20
'Learn and Earn' is the biggest rule of thumb of this forex market.
