Aug 27 2020 at 20:43
@mawao123 and others.
Those who know trading, trade. Those who don't, teach others.
I have not read other's comments, but my point is just study from online materials, youtube is BS, Signals are BS, Copy trading is a nice way to diversify risk but not in initial stages.
And demo acc is a nc way to start but don't spent too much time on it or it looses its purpose. You can open a 20$ mini acc and keep trading on 0.01 lots instead of mini. you might loose it all a few times but thats just a part of learning. we have all blown a few accounts in past, but thats what makes us experienced enough to trade and help others.
do ask more if you can tell how you trade and how have you learnt.
Those who know trading, trade. Those who don't, teach others.
I have not read other's comments, but my point is just study from online materials, youtube is BS, Signals are BS, Copy trading is a nice way to diversify risk but not in initial stages.
And demo acc is a nc way to start but don't spent too much time on it or it looses its purpose. You can open a 20$ mini acc and keep trading on 0.01 lots instead of mini. you might loose it all a few times but thats just a part of learning. we have all blown a few accounts in past, but thats what makes us experienced enough to trade and help others.
do ask more if you can tell how you trade and how have you learnt.
Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
Nov 30 2020 at 11:30
Every new trader should learn all the basics of forex before entering into this risky market. Without knowledge, they can not survive in the market.
Money management is very important in forex trading. You should have clear idea of how much risk you are taking. You also need to have idea of your trade winning percentage. Otherwise trading is just like gambling.
Mar 15 2021 at 19:28
It looks simple but in practical it's not that simple. Even a trader with good strategy can not make consistent profit because of psychological barriers. So it needs time to achieve discipline.
I completely agree with you, in order to really reach a decent level, you need to spend in this area and practice every day for at least six months.
Mar 16 2021 at 09:53
mawao123 posted:You shouldn't be following any signal until and unless you have enough basic knowledge regarding the market, fundamental and technical analysis. Its better to spare some time on learning the key concepts of trading analysis.
Hello,
i am just starting out doing a few practice runs on a demo account and learning through you tube.
Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?
Thank youi
The more your practice, the more you learn.
ele020 posted:Following signals is a bad idea if you want to really learn the art of trading. Signals will make you more unstable as a trader. For trading psychology plays an important role. Subscribing to this kind of service while you are learning may harm you. Better to learn first and trade of your own. Hope it helps you. P.S Such signal service doest existmawao123 posted:You shouldn't be following any signal until and unless you have enough basic knowledge regarding the market, fundamental and technical analysis. Its better to spare some time on learning the key concepts of trading analysis.
Hello,
i am just starting out doing a few practice runs on a demo account and learning through you tube.
Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?
Thank youi
Mar 19 2021 at 06:47
Profit is important. However, new traders should focus on learning rather than making more profit.
Mar 29 2021 at 12:33
WaltonCharles posted:
Demo account is the best place to learn. You can test your knowledge in trading for free.
I support that. demo is king for learning
Trading on demo accounts can teach you the mechanics of entering and managing trades, but imho you can't learn money management with a demo account. That requires handling real (and sometimes losing) real money.
ABS - Always Be Scanning!
WaltonCharles posted:I completely agree with you. Without a demo account it will be quite difficult to learn forex.
Demo account is the best place to learn. You can test your knowledge in trading for free.
Apr 06 2021 at 09:55
No matter who you choose to be your guide or mentor in forex, try to be careful and try not to trust just anyone out there.
Apr 06 2021 at 18:00
Practice demo first. Don’t invest money or real trading without proper knowledge.
Apr 07 2021 at 15:57
Try to trade for a while in the demo and learn the proper way of trading.
WaltonCharles posted:Yes. a demo can help a trader to practice and learn many new things.
Demo account is the best place to learn. You can test your knowledge in trading for free.
I think it's important to Invest real money from the start.losing small and large amounts will help you train your mindset. even with the best strategy you will lose money in fx at some stage, make sure you have already been through it a few times before it comes
Apr 20 2021 at 10:30
That is great and you can also take a few courses and learn it from the scratch. Good luck to you.
Apr 26 2021 at 04:23
WOTMAN_ posted:I believe till the time you are working on basics,, there is no need to invest capital...
I think it's important to Invest real money from the start.losing small and large amounts will help you train your mindset. even with the best strategy you will lose money in fx at some stage, make sure you have already been through it a few times before it comes
The more your practice, the more you learn.
May 29 2021 at 17:23
martyandrews posted:Without proper learning, A trader can face a great loss.
That is great and you can also take a few courses and learn it from the scratch. Good luck to you.
Just to give everyone an update. Since i posted this question almost a year ago i have tried several methods but havs settled for price action. Very little use of indicators if i am honest.
Each person will discover their own style when they get into it. Both have merits i guess.
I am on my way to a funded account now.
Thank you.
Each person will discover their own style when they get into it. Both have merits i guess.
I am on my way to a funded account now.
Thank you.
