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Basics knowledge is not enough
Dec 27, 2020 at 07:07
Anggota Sejak Jul 19, 2020
751 pos
Only basics are not enough for consistent profit. Forex is a professional work that requires specific knowledge and skills. That's the reason very few people are successful here. Most people treat forex like gambling. They do random trading. They do not have well defined trading system.
Dec 27, 2020 at 08:10
Anggota Sejak Jul 19, 2020
298 pos
People take forex trading, the most difficult job lightly. They expect to make money just by entering into the market. Few days demo trading with some ready made strategies available on internet. No risk management, no emotions controlling. At the end they just complain.
Anggota Sejak Jul 23, 2020
759 pos
Anggota Sejak Jul 20, 2020
341 pos
Anggota Sejak Sep 15, 2020
20 pos
Dec 29, 2020 at 12:17
Anggota Sejak Jul 19, 2020
298 pos
Trading with big balance like 50k demo balance is not a good idea. You didn't say anything about risk money management policy. What's your risk reward ratio? What's your winning odds with the strategy you follow? Make your trading system well defined. And per day 5% return is unrealistic. In demo basically you have developed some wrong perception about trading.
Anggota Sejak Oct 29, 2020
53 pos
Anggota Sejak Nov 03, 2020
65 pos
Jan 10, 2021 at 16:49
Anggota Sejak Nov 03, 2020
65 pos
All I can give a beginner is to learn. And the first knowledge a beginner needs to understand is the importance of discipline in stock trading. In my opinion, beginners should start precisely with systemic trading, and not with trading at random, as is usually the case.
Anggota Sejak Jul 19, 2020
318 pos
Jan 12, 2021 at 15:32
Anggota Sejak Aug 28, 2020
37 pos
'Basic knowledge in forex would only be useful in the demo account, to start live trading a trader should have a strategy in mind and a risk management plan.
There will be no profit just by trading with basic knowledge, which is why most beginners fail in forex.'
There will be no profit just by trading with basic knowledge, which is why most beginners fail in forex.'
Anggota Sejak Oct 26, 2020
33 pos
Anggota Sejak Aug 27, 2017
994 pos
Anggota Sejak Jan 22, 2021
125 pos
Jan 25, 2021 at 12:10
Anggota Sejak Jan 22, 2021
125 pos
Basic knowledge helps you to understand the gateway of the market, with time you need to update yourself which pair is performing better and how the real financial health of the respective economies. I prefer to analyze the pairs before trading. Only your intellect will help you to survive.
Feb 02, 2021 at 11:07
Anggota Sejak Jul 19, 2020
751 pos
If you do some research you will find that there are good and free ebooks that can really help a newbie trader with the basics of forex trading. Website tutorials is what most traders seem to prefer as their source of knowledge but there are alternative available like these forex books if you can afford to get one.
Anggota Sejak Jul 23, 2020
759 pos
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