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New and unsure where to begin...Tips? Thanks very much!

BarryMoore
Apr 27 2017 at 12:18
posts 10
yes, trade on demo for at least a month (ideally longer). No point wasting real money on a poor strategy

VincentD
Apr 28 2017 at 11:12
posts 9
Read the 'Disciplined trader' and 'trading in the zone' by Mark Douglas.

ToryBiggins
Apr 30 2017 at 06:58
posts 16
After being on demo move to a micro account DON'T start trading in large lot sizes

mlawson71
Apr 30 2017 at 11:18
posts 1487
How I wish someone had given me that advice when I first started trading. I don't know whether I would've listened to it, but I'd like to think I would have.

Denisich
May 07 2017 at 06:24
posts 28
mlawson71 posted:
How I wish someone had given me that advice when I first started trading. I don't know whether I would've listened to it, but I'd like to think I would have.


What happened to you at your first time?

mlawson71
May 07 2017 at 11:58
posts 1487
Denisich posted:
mlawson71 posted:
How I wish someone had given me that advice when I first started trading. I don't know whether I would've listened to it, but I'd like to think I would have.


What happened to you at your first time?


Nothing unusual. I invested too much money without being ready to trade with real money and I lost the account.

enoeraew
May 10 2017 at 10:35
posts 3
Forex trading can be a great weapon in anyone's financial arsenal. The key is experience. You need to learn as much as you can using all the free education online.

Another key piece is longevity. Many would be successful traders end up as failures simply because they loose all their investment capital to early, trading too much money before they understand what is really happening.

To speed up the learning process I always tell people to spend some time with a trading simulator

Simulated trading is a great way to learn without risking your money.

May today be better then yesterday!

Denisich
May 12 2017 at 13:37
posts 28
mlawson71 posted:
Denisich posted:
mlawson71 posted:
How I wish someone had given me that advice when I first started trading. I don't know whether I would've listened to it, but I'd like to think I would have.


What happened to you at your first time?


Nothing unusual. I invested too much money without being ready to trade with real money and I lost the account.


Did you open an order with big leverage?

mlawson71
May 13 2017 at 11:59
posts 1487
Denisich posted:
mlawson71 posted:
Denisich posted:
mlawson71 posted:
How I wish someone had given me that advice when I first started trading. I don't know whether I would've listened to it, but I'd like to think I would have.


What happened to you at your first time?


Nothing unusual. I invested too much money without being ready to trade with real money and I lost the account.


Did you open an order with big leverage?


No, I lost it gradually because I was closing my positions too early because I was afraid of losing money. Typical psychology problem.

darren (darrengreg)
May 18 2017 at 11:47
posts 37
Denisich posted:
darrengreg posted:
As a new trader, all you are looking to do is learn to trade profitably and the bigger prize will follow.
.Newbie traders should learn the basics on demo first. As a new trader, all you are looking to do is learn to trade profitably and the bigger prize will follow. After getting familiar with the forex market start with a small account and work on your emotions. Tip is to risk only a smaller portion which you can afford to lose.


Also it is a good idea for a trader to test new stategies on demo account.


yes its indeed helpful. you can backtest your strategy in demo and go live with it only after you are confident about your strategy.

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