newcomers trading habit

Apr 22, 2020 at 15:07
Vues 3,459
71 Replies
Membre depuis Jul 20, 2020   posts 341
Oct 21, 2020 at 11:34
If you are new in this market, you should be very careful. You have to make a good plan to make money from this risky market.
Membre depuis Oct 08, 2020   posts 29
Nov 05, 2020 at 07:55
You must have the required knowledge and other relevant information about Forex. Working on your risk management strategies will help you a lot in the short and long run. A good mindset for trading is also important.
Membre depuis Nov 02, 2020   posts 36
Nov 06, 2020 at 06:26
Controlling your emotions is necessary too.
Membre depuis Apr 15, 2020   posts 219
Nov 07, 2020 at 08:11
Emma93 posted:
What are the best strategies for new comers?

for new comer's fundamental analysis is the best way to begin. Identify the over all trend of your favourite instrument, track the market thoroughly and check news. Next is to ascertain the risk percentage. never open a trade without stop loss.
The more your practice, the more you learn.
Membre depuis Nov 03, 2020   posts 70
Nov 07, 2020 at 09:13
Tiffany07 posted:
Controlling your emotions is necessary too.
That's the most important in my opinion.
Membre depuis Sep 07, 2017   posts 13
Nov 08, 2020 at 11:37
It is best to get into habit of money management on a demo account so that it is second nature when move to live account
Membre depuis Nov 07, 2020   posts 25
Nov 26, 2020 at 07:09
Lack of knowledge is one of the most important reasons why people lose in the forex market. Be strong with your learning.
Membre depuis Jul 20, 2020   posts 341
Dec 21, 2020 at 21:31
Most traders lose their money because of their low knowledge. Every new trade should gather all kinds of knowledge before starting their trading career.
Membre depuis Jan 11, 2019   posts 147
Jan 13, 2021 at 10:18
As a newcomer, it is important to understand the basics of forex.
Membre depuis Dec 28, 2020   posts 187
Feb 01, 2021 at 08:45
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Membre depuis Nov 19, 2020   posts 104
Feb 02, 2021 at 11:37
Sarjohn posted:
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
Membre depuis Nov 26, 2020   posts 30
Feb 05, 2021 at 08:30
You are right, this is all individual, but roughly they offer, I recommend trading for about 2 - 3 months on a demo account.
Membre depuis Feb 04, 2021   posts 31
Feb 09, 2021 at 08:17
Newcomers should have sufficient knowledge of Forex and the most important factor required is patience.
Membre depuis Nov 06, 2020   posts 24
Feb 25, 2021 at 11:56
Yeah and even entering and exiting the trade at the right moment is something that requires a lot of patience. Waiting for the right trade opportunities is something that traders find difficult. This is the reason why practicing demo account trading is suggested. There are reliable brokers out there like xm and fxview with good platforms. See if these suit you and invest some time instead of wasting your money.
Membre depuis Nov 10, 2020   posts 23
Feb 26, 2021 at 04:47
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?
Membre depuis Nov 06, 2020   posts 24
Feb 26, 2021 at 12:11
PercymcDonnell54 posted:
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?
See now that’s the idea, you needn’t rush into bad currency trades. If they don’t come up in that particular session, there’s always next. It’ll be worth the wait and patience.
Membre depuis Dec 28, 2020   posts 187
Mar 08, 2021 at 11:00
Joz8 posted:
Sarjohn posted:
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
Yes it totally depends upon the trader i traded almost 5 months on a demo account before going to a live account.
Membre depuis Dec 17, 2020   posts 17
Mar 10, 2021 at 06:27
Risk management is the key to a successful forex strategy and everyone should pay good attention to it.
Membre depuis Nov 16, 2020   posts 55
Mar 10, 2021 at 11:38
I completely agree with mine, the sooner we learn to control our emotions and stop being greedy, the faster we can learn to trade correctly.
Membre depuis Mar 17, 2021   posts 536
Apr 01, 2021 at 13:26
baytonhinity posted:
Every trader should try to stay far away from any greed or emotion if they are planning to trade well.
Yes. Greed is the most dangerous thing in the forex market.
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