I am a newbie. I need an advice.

Feb 19, 2023 at 07:58
Vues 1,279
20 Replies
Membre depuis Feb 18, 2023   posts 3
Feb 19, 2023 at 07:58
Hello everybody!

How many chances do I have to earn money on Forex market?
I am a newbie. I have only negative experience, lose $800 in 2007 by trading manually. I have made only two trades to lose.
Nowadays I have interest in automated trading robots. Is it worth to try Forex again? Could you share your story of success? Or everybody lose money in trading?
I have already asked in Russian-speaking forum, but got no answer, only some replies with paid trading courses.

Sincerely yours,
Sergey
Membre depuis Mar 02, 2023   posts 11
Mar 02, 2023 at 10:03
Hi everyone, I am also a newbie here. Any kind of trading advice is welcome from my side.
Membre depuis Oct 12, 2016   posts 857
Mar 02, 2023 at 10:22
It is important to note that around 95% of traders in the world loose money consistently and only 5% of the traders gain money. I have around 15 to 20 years experience in trading by now and so I am summarizing 3 golden rules of forex success.

3 Rules of Forex:
***************
1.Keep realistic expectations in terms of profit gain from your trading system. If you have set a unrealistic target in terms of monthly % return and drawdown %, then you may continue to loose for ever even while using the best EA or trading system of the world.
2.Try to use a semi-automated kind of system or EA from which you can learn while it is trading for you. Full automated EAs may or may not work always since markets keep changing everyday and automated EAs will keep the emotions out of trading.
3. Never spend or invest money in forex which you can't afford to loose. Money spent in forex is equal to money lost. Approaching with this mind set will free you from manipulating profitable trading systems.

There can be many other things you need to focus to actually start making profit, but if you forget any of the above 3 rules, then you will ultimately loose year after year.
Artificial General Intelligence
Membre depuis Dec 28, 2013   posts 171
Mar 02, 2023 at 10:41
Trade something else.
Membre depuis Aug 19, 2022   posts 44
Mar 03, 2023 at 13:40
One of the ways to learn all the subtleties of Forex is to analyze the work of professionals, asking them questions.
In my field of activity I communicate with PAMM-managers, who communicate directly with their investors and answer their questions.
Make money with people who know how to make money.
Membre depuis Feb 18, 2023   posts 3
Mar 05, 2023 at 08:11 (édité Mar 05, 2023 at 08:13)
Hello, everyone!

I have traded real account and losses are real money. During a demo trading period I had many success trades and positive account statement. But real trade was a nightmare, loose money in three days. Demo trade experience lasted four years and I have win a traders contest.
Nowadays I do not trade.

Sincerely yours,
Sergey
Membre depuis Aug 17, 2022   posts 80
Mar 28, 2023 at 05:37
Do lots of practice and learn on demo account before going to live, make sure to keep patience while learning forex.
Membre depuis Jun 26, 2020   posts 327
Mar 28, 2023 at 08:40
practice is important in demo , no way to deny but as a beginner that is really difficult to continue.
Membre depuis Feb 18, 2023   posts 3
Apr 06, 2023 at 07:12
I have been trading on demo four years. I have won trade’s contest, so I decided to go live account. Nowadays I do not trade.
Membre depuis Oct 01, 2022   posts 53
Apr 11, 2023 at 11:53
yes , feel free to ask any question you need to know , hope you will be benefited from this community.
Membre depuis Apr 26, 2023   posts 33
May 06, 2023 at 04:53
You need to educate first then start with a demo account and get experience then spent real money. Be careful about it.
Membre depuis May 06, 2023   posts 9
May 06, 2023 at 11:10
I guess every trader start his career with losing, or at least its what i heard a lot :D. first try to learn your way about different trading style, then come up with a good risk management plan that can revive you when you are losing a lot and then start demo trading, when you strted getting positive balance monthly, then start trading real money.
Membre depuis Apr 26, 2023   posts 33
May 07, 2023 at 04:43
Electra0Green posted:
I guess every trader start his career with losing, or at least its what i heard a lot :D. first try to learn your way about different trading style, then come up with a good risk management plan that can revive you when you are losing a lot and then start demo trading, when you strted getting positive balance monthly, then start trading real money.
Disagree! if we educate first and be careful enough it won't bo loss which we start with. we hust need to be patient
Membre depuis Apr 26, 2023   posts 33
May 17, 2023 at 20:26
Hey fxbook. Is here fore commercial? because as i saw everybode advertise their job someone say direct message me someone say see my page and go on... It's not good at all
Membre depuis Apr 24, 2023   posts 36
May 19, 2023 at 08:43
Get in touch with me...
money never sleeps
Membre depuis Apr 26, 2023   posts 33
May 19, 2023 at 22:44
CopyBank posted:
what are you looking for?
Who do you mean? you mean me?
Membre depuis May 19, 2023   posts 3
May 20, 2023 at 11:19
i am a very new in this community , i hope you guys will support me by providing exact suggestion .
Membre depuis Apr 24, 2023   posts 36
May 20, 2023 at 12:01
Ask here any question... and if it is in my knowledge the answer I will try to help with the best suggestion.
money never sleeps
Membre depuis Apr 24, 2023   posts 36
May 21, 2023 at 08:13
AND ALWAYS CHOOSE SOMEONE WITH REAL AND VERIFIED PERFORMANCE MY TIP IS
money never sleeps
Membre depuis Apr 26, 2023   posts 33
May 23, 2023 at 21:45
therealprovider posted:

AND ALWAYS CHOOSE SOMEONE WITH REAL AND VERIFIED PERFORMANCE MY TIP IS
I agree @therealprovider and no @copybank every website is not for advertising this was for a decade before nowadays we have websites to provide people with useful and helpful informations.
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