forex new trader

newcomers should learn Forex trading step by step , otherwise any valuable learning approach can be useless , advanced level is long far.

Roberto21 posted:
as a newcomer i was successful with BB in demo but when kicked off a live account , this approach not worked as like before , it was my experience about BB.

Hello; what’s the update of your live account? Till now working your BB?

No, We can still make money for a living from currency exchange. As long as your system has anti news system. It is good to use.

Imamul posted:
i think , newcomers shouldn’t focus on his winning trade percentage, he or she always have to emphasis to minimize risk and never trade with emotions.

very true

Professional4X posted:
New traders should focus on Risk Management above all else.

agree 100%

as a newcomer only learning cant help you
at all without having a regular practice.
so keep focus on practicing besides learning.

for newcomers best trade depends on your money management , if you know how to manage money , then there is very good chance to bring profit by using any trading techniques.

Professional4X posted:
New traders should focus on Risk Management above all else.

True. Risk management is the cornerstone of forex trading.

when a newbie starts Forex there is no ability to control emotions and a strong mentality to keep continue learning. for that reason i think a guidance very much important.

Mohammadi posted:
when a newbie starts Forex there is no ability to control emotions and a strong mentality to keep continue learning. for that reason, i think a guidance very much important.

this is true and why it highlights the importance of patience needed into dedicating time to learning and practising on demo before diving into a live account with real money and losing it real fast

as a new Fx trader Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit

If you are new in this market, you should have proper knowledge about the market and trading. You can gather all kinds of knowledge about the forex market from a demo account. It will help you to learn all the basics of forex properly and perfectly.

@saurabhjoshi why so poetic..??? i still cant get if ur taking about sticking to discipline, which i'll surely agree
or
if ur taking about baby sitting ur trades, which i wont agree to.

There is a lot to learn if you want to trade. It is never possible to make a profit with a little education in trading. Trading cannot be done if proper knowledge is not about trading. I have done a lot of research on trading and after doing so much research I have been able to make some profit. There is some time management for trading, there is no time to trade all the time. I analyze the Tokyo session and open the trade at the London session. Those who are new to trading need to gain a lot of knowledge online.

It is always good idea to start with demo trading which can tide you over your trading process and having some knowledge thanks to some courses, I would go for babypips school of pipsology, to start it off with.

Learning to regulate and predict risks will only give a positive moment to your trading.

All beginners should choose the best regulated broker from the market. There are so many fake brokers in this market. So, they should be very careful about choosing the broker for them.

EbonyJones posted:
All beginners should choose the best regulated broker from the market. There are so many fake brokers in this market. So, they should be very careful about choosing the broker for them.

I think you are right. Choosing the right broker is really crucial to the success of any trader.

Shelby10 posted:
Every new trader should be very serious about their trading. A small mistake can put them in great danger.

Yes. If you take this lightly, you may face a huge loss.