newcomers trading habit

Adribaasmet posted:
Forex market or forex trading i think is completely secure but it depends on your broker performance , because without a broekr you cant a trade at all.

You are right, the decision regarding the choice of a broker is very crucial and must be made after a thorough research.

Please can anyone recommend a good broker a newbie should trade on?

Secondly if one is starting with $1000 what is the best lots to use?

Roberto21 posted:
Nowadays it’s very difficult to consider a broker as a best broker, because lots of trading brokers are available in retail market place and most of them are found to be scams.

Exactly. We really need to be aware about the ones which are scam. So double check before choosing one.

Before starting I've read couple pages for newcomers and found out for myself a few habits following which might help faster to get enough capital. Firstly you should make a plan? a schedule and follow it. Secondly, invest in yourself, in your education, try everyday to fill your wealth of knowledge. Thirdly you should have a mentor. And finally don't be afraid of make mistakes, the main thing: analyse your mistakes and don't repeat them.

You must learn how to control your emotions to stay in the market. If you have no control over your emotions then it will be harmful. So always learn skills, and have good rsk mangement will be helpful.

Dictiony posted:
You must learn how to control your emotions to stay in the market. If you have no control over your emotions then it will be harmful. So always learn skills, and have good rsk mangement will be helpful.

I agree on that! Having a control on emotions is predominant to have success in this market. However, it is not that easy to do that

Right! Broker choice is very imperative thing. As good knowledge about trading will surely help the trader in gaining profits, but if the broker is dishonest they he might manipulate the profits of trader.

if you are new in this market, you need to be very careful to make decisions. You have to gather all information before start real trading. A wrong decision can put you in great danger.

Trading requires a lot of patience. If a trader does not have patience, he can never be a successful trader. If you want to be a successful trader, you must test patience. And a lot of greed among new traders. Trading without learning anything is risky and that risky work is done by new traders. Many times they are in trouble with brokers. New traders get a lot of information from brokers. And there are many websites online from where new traders can get a lot of important information.

3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence

cardigan posted:
3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence

Absolutely!

I believe that beginners should not focus on future earnings and money but self-development and training. It is necessary to put training in the first place and give more time to the demo account. On this account, you will be able to test trading strategies and gain enough experience to move to a real account.

The new trader never wants to see a loss on his account. They always expect profit which is why they face losses in the Forex market. Even though they do not have real knowledge about trading, they make extra profit. Profitable traders always manage discipline and have the power to cover losses even if they make losses. Because they always follow 1: 2 risk rewards. And aims at much better money management.

cardigan posted:
3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence

If I might add more, I think it is very important for newbie to learn and have some knowledge about how forex trading works. You just can't start trading without understanding something.

cardigan posted:
3's Over
1. Over Expectation
2. Over Patience
3. Over Confidence

That reminds me of various of my trader friends, who are no more trading because of these habits only.

New traders should be careful when they invest their money into i\this risky market. They should make a good plan to make money from this market.

Care is definitely needed, especially when you are just choosing a trading broker, which is why I entered a minimum deposit of $ 100 at Amarkets and traded, earned and withdrawn without any problems.

Knowledge, control over emotions and good risk management are all important parts of a trader's success, in my opinion. They are all needed in order to attain consistent profit.

e quais são os fundamentos do forex ? peaky blinder