When a trader is a newbie

In my opinion, newbie should try to create a diverse portfolio in trading.

Don’t seek knowledge from those who always bluff around. Ask questions on forums because you will find many experts available on forums. Study the market more and more to take a conception about the market because it is congenial.

Scalping, short time trading, seems enjoyable to me because I can halt a trade within some pips that keeps me out of pressure and risk.

Forex is a hazardous place for newbie traders because they catch the movement of the market. They hit upon sudden plans and apply them on the market without knowing its further impact. They are indifferent to learning and make themselves victims to losses.

Yes, I agree with you in this regard. New traders should fix a time for improving their skills. The more a trader trades on the market, the more he can grow his knowledge.
If a broker charges a narrow trading spread, it’s better for you to gain more profit on the market.

beginners should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping , should choose the broker which allows trading concept such as this.

Davidfx89 posted:
the new Forex trader should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

Most brokers do not allow scalping. Do you know which do?

Making money in this market is not easy, so my advice to a beginner is to be disciplined enough to profit from forex.

Milex32 posted:
My advice to a newbie would be to try to understand the market mechanism, and if you are unable to do so, then try out copy trading.

Yeah, copy trading surely helped me earn some extra returns. Currently, I'm using Zulutrade and I like its social trading solutions, which make it easier than ever to interact with other traders & more importantly, help me to copy successful traders.

Practice on a demo account before going live.

Better to learn until ur confident in yourself, that you know you will be profitable when going live. Ask people for help with your questions, take courses, learn from experienced traders and their enter / exit strategies, learn to be patient.

All traders come from newbies, although now they already become professional traders at first they also start from newbies, but each trader will have a different process and progress in learning how to trade forex and make money from it.

When a trader is a newbie, he tends to follow and learn more and more about forex trading which is important because the more you learn and practice. The more you will become good at this. So there are a number of blogs and tutorials available out there to give you more insights about trading.

Hey! I'm new to this community! Looking to learn new and interesting things.