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Beginner's Tips

Maria Tyson (mariaartenia)
Oct 30 2019 at 12:47
posts 8
jamesgwyther posted:
FPA is good too


FPA? what do you mean? Function Point Analysis?
its not always win technique.

Never stop learning from strangers.
Adribaasmet
Oct 30 2019 at 16:00
posts 994
mariaartenia posted:
jamesgwyther posted:
FPA is good too


FPA? what do you mean? Function Point Analysis?
its not always win technique.


Hi; as I know It’s ForexPeaceArmy; mainly Forex review site. It’s much popular site in Forex industry.

steveday1976
Oct 31 2019 at 11:57
posts 57
iDragonFly posted:
As a beginner, I think it would be fair if you trade with small amounts in cent accounts (after trading demo of course). with small amounts you taste the market in real conditions, you feel like how the revenge trading get started, letting losers run, entering trade without any plan (sl & tp etc...).

I have a newbie friend that he thinks he can't trade with small amounts like 100$ and I have told him it's a mindset and mental limit that you have put on your mind, it's not true because you don't see the amounts that you're trading with, it's the percentage that you're trading with, no matter 1$ or 1 billion dollar. if you're successful in trading with low amounts, you're also successful with large amounts and if you're not, no matter the size of your account, you can't be successful in the long term. so it doesn't matter with how much you start trading because only the net profit (in percentage of course) will give you the confidence to put larger amount into your account.

Money management is the most important key to long term successful trading. after that trading psychology and after that comes the knowledge of how to analyse the market!

But so many people put the last one first and think the most important thing in trading is how to analyse the market but the truth is you can't always be right and if you can't control your emotions and if you don't apply strict money management rules, you will end up destroying your accounts one after the other!
good, sensible advice.

Imamul
Nov 01 2019 at 03:55
posts 683
for beginners before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.

steveday1976
Nov 02 2019 at 15:20
posts 57
Imamul posted:
for beginners before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.
use demo first, then trade with small amounts is what i would advise.

1Daniel
Nov 03 2019 at 07:43
posts 2
Steveday1976
Small amounts like $10 ?

Professional4X
Nov 03 2019 at 09:27
posts 1189
1Daniel posted:
Steveday1976
Small amounts like $10 ?


Trade on demo with the broker you plan on trading live with.
The reason being that you want your Demo and Live conditions to be as close to each other as possible.
For small trading amounts such as $10.00, this is possible if your broker supports Cent accounts or other accounts which allow smaller than 0.01 (1000 units) in lot sizes.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Imamul
Nov 03 2019 at 17:15
posts 683
only randomly trading not means casino ,  to bring profit from casino is also a great skill but we don't support this skill , because its not legal , trading and casino there is no different if we greedy and emotional. so, we have to controlled our bad trading habits by discipline. 

Professional4X
Nov 04 2019 at 07:51
posts 1189
Imamul posted:
only randomly trading not means casino ,  to bring profit from casino is also a great skill but we don't support this skill , because its not legal , trading and casino there is no different if we greedy and emotional. so, we have to controlled our bad trading habits by discipline. 


Incorrect.

Randomly picking BUY or SELL is a coin flip entry technique. Random trading DOES mean casino style trading.

Casino style trading is NOT illegal.

Emotions have no place in trading.

Through automated systems it is trivial to manage the trades once they have been created.

Use a reasonable and realistic stoploss and a reasonable and realistic takeprofit targets,


If it looks too good to be true, it's probably a scam! Let the buyer beware.
steveday1976
Nov 04 2019 at 11:13
posts 57
1Daniel posted:
Steveday1976
Small amounts like $10 ?
Yes some brokers do allow small deposits like this. I would recommend starting with a bit more if possible.

Professional4X
Nov 04 2019 at 22:23
posts 1189
mariaartenia posted:
jamesgwyther posted:
FPA is good too


FPA? what do you mean? Function Point Analysis?
its not always win technique.


FPA = Forex Peace Army

If it looks too good to be true, it's probably a scam! Let the buyer beware.
steveday1976
Nov 05 2019 at 11:26
posts 57
expkhaled posted:
It you want right mind set the just trade with Demo as long as you can. Bcz you can find traders primary level from demo. And gather knowledge step by step and use it in demo. Hopefully within 2 yrs you will find a way to trade. When you are learner about forex plz away from real trade.
I think most trader accept that it takes a couple of years to master.

Gabriel99
Nov 07 2019 at 05:58
posts 39
Roberto21 posted:
discipline not only a human habit it also a character , to be experienced in discipline we have to be mentally strong first of all, otherwise no way to maintain

Yes true. It is very important to become mentally tough in order to become a discipline trader.

ForexViking69 (ForexViking69)
Nov 13 2019 at 23:02
posts 40
Lots of good advice on here. I’d throw in money and risk management into the mix. Number one thing I always tell new traders :)

AdrianG001
Nov 20 2019 at 15:11
posts 12
Get a good trading education
Dont even think about trading with scared money
Paper trading only until you are consustently profitable for a minimum of six months
Journal everything
Analyse your trades daily or at least weekly, understand why
Understand that you cannot even find a trade until you understand how to find value
Understand how to read the tape
Understand that all markets are connected
Understand *why* price moves
Learn to create your own scenarios based upon all the metrics you can derive from price action, volume and intermarket analyses. Then watch your scenarios evapourate or come true. Understand why they did, and you’re ready to begin learning to trade.

Wiame (Baazex)
Nov 21 2019 at 10:59
posts 45
once you have a proper understanding of how the market works, you’ll need to decide on the kind of trade want to do. The next decision you’ll need to make is choosing the right broker or brokerage firm through which you’ll access the markets. The broker you choose will have a direct influence on the kind of securities you’ll be able to trade, the kind of trading tools you’ll have at your disposal, how much money you’ll pay in fees, and the kind of final returns you can expect on your trades.

Revenue is vanity, profit is sanity, but cash is king
Mohammadi
Nov 22 2019 at 15:09
posts 886
right now honestly speaking learning is not a tough game , in online lots of souses are available and all of is free , you also can take baby pips school if you want.

Roberto21
Nov 22 2019 at 15:45
posts 364
every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly. 

Imamul
Nov 25 2019 at 08:51
posts 683
for beginners 1:50 best leverage for avoiding unfortunate loss and risk. before using in live we should use it in demo to see the performance how it works.

Roberto21
Nov 27 2019 at 13:52
posts 364
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

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