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Start Trading as newbie
Membre depuis Jun 21, 2024
posts 7
Jun 21, 2024 at 20:43
Membre depuis Sep 07, 2019
posts 1
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
Starting with small amounts can take care of the fear and help you get familiar with the emotions around trading
Membre depuis Jun 21, 2024
posts 7
Membre depuis Dec 17, 2023
posts 1
Membre depuis May 08, 2023
posts 97
Jun 24, 2024 at 10:33
Membre depuis Feb 12, 2016
posts 127
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
Reduce position size to the level where you don't afraid to lose, can afford to risk the stake, etc. Then gradually start to increase it, reflecting over your own emotional responses.
Membre depuis Jun 21, 2024
posts 7
Membre depuis Jun 21, 2024
posts 7
Membre depuis Nov 11, 2022
posts 25
Jul 05, 2024 at 19:54
Membre depuis Nov 11, 2022
posts 25
Dave_hendricks posted:
Ok, thanks for the suggestion. lot of things in mind like strategy, indicators, platform, etc. Feel bit confused
If you are still learning these fundamentals (strategy, indicators, etc), I would suggest starting with a demo account. Once the fundamentals are understood and you can be consistent on a demo, then move on to live trading.
Membre depuis Nov 11, 2022
posts 25
Jul 07, 2024 at 10:52
Membre depuis Feb 12, 2016
posts 127
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
Overcoming the fear of the first trade involves preparation and mindset. Start by thoroughly understanding your trading strategy and practicing with a demo account to build confidence. When you feel ready, begin with a small position size to minimize risk and focus on the process rather than the outcome, viewing it as a learning experience.
Membre depuis Apr 14, 2022
posts 40
Jul 15, 2024 at 07:23
Membre depuis Apr 14, 2022
posts 40
Dave_hendricks posted:
Yeah Learning from youtube is good idea. Who is reliable broker to start with?
YouTube is fantastic, free resource for all. While starting out can be tough, good brokers like IG and Fxview offer great educational content, including webinars, blogs, and videos to help beginners. I used Fxview when I was a newbie, and it was helpful.
Membre depuis Aug 13, 2024
posts 34
Aug 20, 2024 at 13:20
Membre depuis Aug 13, 2024
posts 34
Dave_hendricks posted:
Hi, I want to know how to overcome the fear of first trade. Do I need to require any practice or take any evaluation plan? sugestion welcome..
If you have fear before your first trade it is normal, but before you decide to enter a trade on a real account try trading on a demo account for a few months or until your fear disappears and you start to feel your strength.

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