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When a trader is a newbie

Mar 02, 2021 at 03:59
Vues 4,257
140 Replies
Membre depuis Feb 15, 2022   posts 219
Mar 05, 2022 at 04:23
A trader who has just joined Forex trading is known as a newbie. Forex seems very challenging to a newbie and he needs to spend much more time in Forex to learn about it. They sometimes require support from old traders because knowledge about Forex is like a sea.
Membre depuis Aug 10, 2021   posts 176
Mar 24, 2022 at 02:08
When you are new in forex always start with a demo account and practice for at least 6 months and then start real trading.
Membre depuis Mar 17, 2022   posts 29
Mar 25, 2022 at 05:30
When you are just entering into Forex trading, you must take each step cautiously. If you have done your basic research and learning, then you must start with a demo account to get experience of the real forex world. Once you are confident with your skills you can move to live trading.
Membre depuis Feb 16, 2022   posts 119
Mar 26, 2022 at 07:00
Forex seems unfamiliar to newbie traders. They take years to understand Forex but hardly can. It means the approach they understake is faulty. A trader should develop himself step by step and every mistake is a lesson for him.
Membre depuis Jul 20, 2020   posts 399
Mar 26, 2022 at 15:04
It is so key to take it slowly. I would try to focus on the process as much as possible rather than the outcome. You would be surprised how quickly you succeed when not focused on money or how well youre doing
Membre depuis Jan 22, 2021   posts 125
Mar 27, 2022 at 05:27
Newbie must have a clear understanding of forex calculations. Other things like indicators and price action comes later in the journey. With calculation I mean, what should be RR and position size. And one last thing is newbie should never forget that se/he is new to the market.
Membre depuis Mar 27, 2022   posts 3
Mar 27, 2022 at 06:14
Michihito posted:
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.

Yes, Learning is very important for every newbie traders.
Membre depuis Apr 03, 2021   posts 470
Mar 27, 2022 at 22:57
I think all professional traders come from beginners, there is no existence the beginner trader suddenly becomes professional traders without experience, if exist maybe they only want to scam people with his fashion, in forex trading, experience is a valuable lesson and the best teacher for of all us.
Membre depuis Aug 21, 2021   posts 61
Mar 28, 2022 at 05:03
A new trader should focus on learning and enhancing the skills, lack of knowledge can become a poison to his trading journey.
Membre depuis Mar 11, 2022   posts 51
Mar 28, 2022 at 09:15
When you are a newcomer, you should put your complete focus on learning skills. Nobody makes money in forex instantly. If you keep working on your skills, you will see the results slowly.
Membre depuis Sep 03, 2021   posts 9
Mar 28, 2022 at 11:26
Same with anything in life. It shocks me that people think forex is easy. Nothing rewarding in life is easy
Membre depuis Feb 15, 2022   posts 219
Mar 29, 2022 at 04:21
Thousands of traders are joining Forex every day to quench their financial demand. But maximum traders are failing on a regular basis and leaving trading as well. This is because most of the traders don’t undertake the right approach. So traders should be devoted to trading to bring out the best.
Membre depuis Aug 21, 2021   posts 61
Mar 31, 2022 at 07:26
When a trader is newbie, he must focus on learning rather than hunting for good chunks of returns.
Membre depuis Mar 11, 2022   posts 22
Apr 01, 2022 at 07:56
A newbie in the forex trading market should be fully focused on the learning and analysis part and not the results. Once you’ve gained sufficient knowledge, you’re good to go. Forex trading doesn’t yield you success in a short time, you need to be consistent in your trading strategies and determined to the core to be a successful forex trader.
Membre depuis Apr 14, 2022   posts 32
Apr 30, 2022 at 10:12
As per my point of view, beginners should always practice on demo accounts before going for live trading, this will not only make them familiar with the trading environment but will also make them aware of the risks that can be avoided while placing live trades.
Membre depuis Apr 14, 2022   posts 35
May 03, 2022 at 11:52
When a trader is new to the market, the first priority should be learning, since there is no way to profit in the forex market without it. A trading course on Babypips is also a good option for new traders because it provides accurate and genuine information. They can also get knowledge by practising on a demo account.
Membre depuis Mar 24, 2022   posts 56
May 04, 2022 at 05:33
I will suggest that the first thing a beginner trader must do is - to learn, and to practise what he has learnt in a demo account. Unless and until the person gets a simulation of how the trade happens, they will not come to know about certain terms, strategies, or processes. When practising in a demo account, none of their real money is at stake too.
Membre depuis Oct 27, 2020   posts 18
May 04, 2022 at 06:41
When a trader is a newbie, their prime focus should be learning. After clearing all the basic concepts, the trader must practise in a demo account and gain experience. Once you’ve mastered trading in a demo account, you’re ready to trade in a live account.
Membre depuis Apr 09, 2019   posts 538
May 04, 2022 at 10:22
Learning should be priority number one but also consideration of the limitations on them that will help guide them as to which type of trader they might be. What time constraints do you have? Are you a nervous person etc.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Apr 14, 2022   posts 24
May 20, 2022 at 04:15
For a forex newbie, knowledge is the only tool. Your knowledge helps you make use of other available tools in the market. So, never take shortcuts when you are still learning.
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