joha51 posted: 1)go to class study technical analysis with pro teacher/mentor , Pick the strategy and practicing the strategy DEMO , Challenge yourself with 1k demo make it profit 600k with demo account 2) After success at least 80% win on that demo then open real account (micro or cent ) is recommended 3) Check the win/profit % ,DD% analysis ( Go to tab Mt4/MT5) Right click download report every Week (Saturday).Make weekly analysis with H4/D1/W1 chart & News Eco calendar for next monday. 4)If ready with your strategy and then try standard acc . 5) Use some profit ....If success then you find the programmer convert your strategy to robot /EA , Create EA to save your hard-work /strategy/idea on EA as portfolio of yourself..
Open a forex beginners COMEDY tips topic and post it there :)
step 1 is to make 1k to 600k on demo??? that might take a lifetime, but staying on demo forever might be better for some ppl
to program a whole news calendar into an EA must be fun too.
risk management, trading psychology, fundamental analysis... all ignored in the list?
this topic should be about helping beginners
No harm just my experience view , 1k to 600k it just a challenge for newbie how to set target , most people using % of profit and ignoring DD% (risk management) it will come bad result with 1k to achieve 600k ( trading psychology) ,some says if we set target 200 hours for training most people will exhaust & unmotivated .The result will different . or if the set target i to high then make low such 50-200k..
Forex is about accurate , confident , knowledge & experience . Lets say you do 1000 trades with USD10k profit or 10 trades with 10k profit - its totally different practice.
Using demo acc the psychology level is not too complicated - if we blow the account then just re deposit the fund..
Do H4 d1 Weekly analysis & Eco Calendar - is fundamental analysis
Using News/ Eco calendar set up at EA is possible . Set up variable parameter - on High Impact News -/Medium / Low Its will enable/disable the automation Trading (Robot) operation before news and after news release , Now days lots of EA in market has this feature.
In Fx trading the bonuses we get from our trading brokers practically cannot use in a proper way due to many restrictions. So, we have to choose the regulated trading broker, otherwise it is useless to have 100-200% bonuses which cannot use in a proper way due to many restrictions.
initial capital how can irrelevant i don't know . according to me, its much important , any smart initial amount can make you more confident when trading in practical. so we cant avoid the importance of this at all.
Roberto21 posted: initial capital how can irrelevant i don't know . according to me, its much important , any smart initial amount can make you more confident when trading in practical. so we cant avoid the importance of this at all.
The more you have the more you can make sure...…..IF you know what you are doing.
I have seen mostly brokers don’t allow scalping in their trading platforms. So we the traders who are particularly scalpers have to choose our broker carefully. First of all we have to ensure brokers trading spreads , actually without lowest trading spreads that’s not possible at all to make profit with certainly in spite of having good trading knowledge .
Mohammadi posted: I have seen mostly brokers don’t allow scalping in their trading platforms. So we the traders who are particularly scalpers have to choose our broker carefully. First of all we have to ensure brokers trading spreads , actually without lowest trading spreads that’s not possible at all to make profit with certainly in spite of having good trading knowledge .
Only MM (=Market Makers) broker would not allow scalping. Better avoid such brokers and search for real A-Book brokers with low trading costs.
In Fx trading, Choosing a right broker is very difficult task, because there are almost thousands broker in online retail Fx market and most of them are found to be scams. Regulated trading broker can be a great choice which for all time makes sure security of funds at any deposits with a wide range of trading technologies.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.