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New to Forex

lorilivingston
May 03 2021 at 06:10
posts 26
margaritastephen posted:
Imamul posted:
when i was a newcomer always fall a great trouble when using high leverage , its a very risky approach i have done and every time i have faced loses
That happens when you go with a really high leverage like 1:100. I think it's best to use as little leverage as possible while a novice trader is still learning.
But if they don’t use leverage, how will they make profits and actually get some experience?
margaritastephen
May 03 2021 at 06:22
posts 20
I'm not saying they shouldn’t use it at all. Just keep it as low as possible. This will help them understand and know how to handle their trades without risking so much. I dealt with a limit of I:30 with my previous broker and even though my new one turnkey forex offers 1:100, I don't go beyond 1:50. I like having a certain degree of control over my trades and high risks can just mess that up man. And for a newbie, in particular, a huge loss could be really disheartening.
LyudmilLukanov
May 09 2021 at 13:18
posts 851
Learn trading first. Don’t eager to real trading without knowing about the market properly.
RobSchiz
May 15 2021 at 08:56
posts 567
LyudmilLukanov posted:
Learn trading first. Don’t eager to real trading without knowing about the market properly.
Learning is the most important thing to make money from this market.
WaltonCharles
May 16 2021 at 12:19
posts 144
Learning is very essential.
AliaDare
May 16 2021 at 17:21
posts 788
Trading education is very important. It is not possible to be a professional trader without a trading education.
LukeRachel
May 17 2021 at 01:10
posts 477
You may be able to make a profit by trading copy, but I think trading by myself is the best. If you make a loss in this, you can expect bright prospects in the future by learning from that loss.
Kazile
May 17 2021 at 09:15
posts 119
First, a beginner needs to decide on a broker with whom he will continue his trading, and I do not think that a broker is suitable for both beginners and professionals, due to its conditions.
Tradelist45
May 19 2021 at 09:24
posts 283
i have seen most of the traders who are particularly newcomers always try to bring profit with high leverage , but its not possible at all.
AliaDare
May 20 2021 at 13:36
posts 788
Kazile posted:
First, a beginner needs to decide on a broker with whom he will continue his trading, and I do not think that a broker is suitable for both beginners and professionals, due to its conditions.
Yes, that's right. It is never possible to trade without a broker. First of all, I should choose a reliable broker. Then you have to gain knowledge from different websites.
Ferdii
May 21 2021 at 08:16
posts 20
Of course, the broker, I consider the main part in order to be able to earn.
SteveHanks
May 21 2021 at 18:56
posts 536
Ferdii posted:
Of course, the broker, I consider the main part in order to be able to earn.
All brokers are not same.
Duktilar
May 24 2021 at 13:09
posts 112
Despite the fact that at first glance it seems that they provide almost the same conditions, there is still a difference, and this must be taken into account.
SteveHanks
May 24 2021 at 18:28
posts 536
Duktilar posted:
Despite the fact that at first glance it seems that they provide almost the same conditions, there is still a difference, and this must be taken into account.
Yes. I am trying to say exactly what you are saying. All that glitters are not gold.
LukeRachel
May 25 2021 at 00:48
posts 477
It is not possible to trade without a broker. So it is necessary to choose the right and reliable broker.
SMD Ashik (sgtmarkets)
May 26 2021 at 06:20
posts 16
jimmyp84 posted:
Hi all

I am new to forex and interested in the autotrading but i can see it needs to be a live account and i cant demo it

Is there people on here that are using the autotrading and if so can you leverage the persons trades that they are making to suit your budget (I.E if you are autotrading a certain person and they put a large trade on it does not wipe your account out automatically)

Any advise on stratagies are also welcome

Kind Regards
James


_________________________________________

Autotrading is not a good habit as far as I know. The main power is using your own trading strategy and keep continue with your perspectives. So, I personally recommend you set your trading mindset first. If you totally ignore the necessary trading skills and join immediately then Copy Trading seems perfect to you. ForexCopier can give you the Copy Trading possibilities where you can able to trade with multiple accounts.




urcondis
May 27 2021 at 05:53
posts 13
I would never recommend a newcomer to go for high leverages. It will be very risky since you don’t have enough knowledge about trading. Don’t copy others' strategies. Rather you can make yours.
tranriomil
May 27 2021 at 13:26
posts 2
You can try copy trading so that you get some idea about developing a profitable system. You can use your own EAs later when you get a hang of it.
AliaDare
May 27 2021 at 14:35
posts 788
Choosing the right broker is essential to make money in trading. If a trader makes a mistake in choosing a broker, he will not be able to make a profit.
Tremblay
May 30 2021 at 08:09
posts 330
AliaDare posted:
Choosing the right broker is essential to make money in trading. If a trader makes a mistake in choosing a broker, he will not be able to make a profit.
Yes. A broker plays an important role in this market.
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