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New Trader

Paulo Jorge (djstick)
Feb 04 2021 at 02:34
posts 6
thank you. reall helpfull answer wantspips. have a good day and good profits
Life is meant to be enjoyed
Joz8
Feb 04 2021 at 07:21
posts 104
Roberto21 posted:
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
That's a really important suggestion, I agree. The more lightly we take money management, the closer we take our account to being empty. Traders should understand the importance of managing money, managing risk and trade efficiently.
triciawilsonn
Mar 04 2021 at 08:41
posts 24
I’m glad that you decided to pay so much attention to learning and have been dedicating so much time towards it. Good luck to you.
marioharmon
Mar 16 2021 at 10:53
posts 15
It is good that you have been studying and learning about the forex market. Good luck to you.
PeteLanceley
Mar 16 2021 at 15:09
posts 83
Make sure that you practice on demo until you are confident.

You can learn on sites such as YouTube, or Babypips for free.
Mohammadi
Mar 17 2021 at 08:18
posts 886
for new trader to open a micro account is a very good source to see the broker performance how it works. so all beginners should follow the rules
Imamul
Mar 17 2021 at 09:18
posts 718
i dont support any kind of live trading for the traders who are particularly newcomers. because this approach can make beginners emotional and greedy.
TradeHut
Mar 17 2021 at 11:42
posts 31
Imamul posted:
i dont support any kind of live trading for the traders who are particularly newcomers. because this approach can make beginners emotional and greedy.
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.
Michihito
Mar 17 2021 at 11:55
posts 298
Practice makes a man perfect. It's true. But we need to practice in a systematic way. In demo most people do random trading. But we should actually develop our system in demo.
SteveHanks
Mar 17 2021 at 18:40
posts 536
PeteLanceley posted:
Make sure that you practice on demo until you are confident.

You can learn on sites such as YouTube, or Babypips for free.
Yes. I agree with you. every new trader should practice on a demo account before starting live trading.
Dictiony
Mar 18 2021 at 01:46
posts 231
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Elena Triston (ele020)
Mar 18 2021 at 07:00
posts 219
dalbamou posted:
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.

I agree with your advise.
The more your practice, the more you learn.
DanialWales
Mar 18 2021 at 12:35
posts 17
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)
Mar 18 2021 at 14:14
posts 10
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
Dictiony
Mar 19 2021 at 01:51
posts 231
As a new trader, you should do your trade manually and not use robots.
AuxiliumFx (AuxiliumFx)
Mar 19 2021 at 10:28
posts 10
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
LyudmilLukanov
Mar 19 2021 at 17:42
posts 825
Dictiony posted:
As a new trader, you should do your trade manually and not use robots.
Right. I also agree. New traders should know the market first before auto trading.
UweMoench
Mar 20 2021 at 12:38
posts 751
I think first they should focus on learning. Most newbies start to run for strategy. They ignore the fact that for successful trading one needs deep knowledge and understanding of the market.
LukeRachel
Mar 21 2021 at 02:32
posts 477
dalbamou posted:
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.

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.
AliaDare
Mar 21 2021 at 17:16
posts 788
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.
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.
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