Beginner's Tips

I am not sure if this content is cloned or reiterated or not, but it is so important that should be reminded to both newbie and experienced traders over and over.

Money and Risk management and respective provisions
Before executing any trade, regardless of long-term or short-term, please make sure the exit levels are predefined. Calculate the exit quotes meticulously irrespective of profit or loss. Utilise the chart tools, indicators, and your imagination to illustrate the worst case scenario, and then you should come up with a getaway plan in case the market moves against your transact.

Keep an eye on news, economic calendar and market sentiment.

The market resembles a war zone but between bulls and bears, make sure you are ready to be in frontier.

Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.

The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.

So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.

To many lose because they do some learning and then think they are the master of Forex. They are not. It takes years of learning and practice to be a pro.

The question is why should beginner make any money on forex?
If you would like to earn money in any proffession it would take years of studies and practice.
Becoming doctor or even plumber is not fast and easy way.
So why would be forex any different?

Beginners could start from the small deposit. try to practice in demo account to get used to the trading environment. choose a broker to make sure your fund security and it can solve your problem immediately.

Remember to learn as much as you can before you start trading though. Even on demo. Right education is critical

the most important trading tip , i think try to manage your money when trading in practical , only money management can change your trading life , otherwise no way to survive in here with successfully. 

for beginners trading is always risky particularly when it is time to news, beginners always have to leave news trading due to lack of fundamental information.  

New in trading? This video will help you out!

A newbie trader must always start trading on a demo account to practice and gain knowledge about trading know-how. Trading on a demo account is the best way for a beginner to learn forex trading and it is also helpful in formulating strategies for profitable trading. If you want to directly trade on a live account, go on with a small investment to prevent huge losses.

ethan_65 posted:
A newbie trader must always start trading on a demo account to practice and gain knowledge about trading know-how. Trading on a demo account is the best way for a beginner to learn forex trading and it is also helpful in formulating strategies for profitable trading. If you want to directly trade on a live account, go on with a small investment to prevent huge losses.

Hi ya, some demo account shows different spread from Live account. should be aware of that.

Mohammadi posted:
for beginners trading is always risky particularly when it is time to news, beginners always have to leave news trading due to lack of fundamental information.  

yes news trading is hard but i think the volatile times are more exciting. mindset is key for newstrading i must add though!

Everyone who starts to believe in himself and not to worry if something went wrong. It's okay, each of us was in your shoes.

Good Day! i am a beginner i would like to ask if i ask an example of a volume and swap and rate? my account is 1:100 and funded it already amounting to 200USD , am afraid to buy and sell because i didnt yet know what is the startegy,..

thank you

kristelglace posted:
Good Day! i am a beginner i would like to ask if i ask an example of a volume and swap and rate? my account is 1:100 and funded it already amounting to 200USD , am afraid to buy and sell because i didnt yet know what is the startegy,..

thank you

No one know to sell or buy right now. You can use the basic technique to trade. The most important part in this fx trading is not loss all the money.

All a beginner needs to know is that the market offers many surprises, LOL, but it's not so scary if you're morally ready for it. Things will always go wrong. But don't worry about it. Absolutely all of us live on forex under this scenario.

A newbie should spare no time with his education. Only knowledge will help you to understand all the nuances of trading and learn to find profitable situations faster. And yes, you will always have to do it. It's true. But believe me, the result will meet all your expectations.