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New traders should be content
Feb 28, 2021 at 13:40
Member Since Jul 19, 2020
298 posts
New traders should be content with 1-2% profit per month on average. This requires immense dicipline from newer traders who WANT to trade and be involved. I suggest newer traders should set up 2 accounts and use one account as gambling account to satisfy these urges to trade and test new ideas out.
Feb 28, 2021 at 14:08
Member Since Jul 19, 2020
751 posts
Every trader at their 1st account tries to get a performance equal to their demo account. Well, there is a huge difference between demo and real accounts, don't try to match the performance just look to preserve your capital. If you can do that I guarantee by the 5-6 month your performance will be better than the interest your money earns in banks and how the markets perform.
Member Since Jul 23, 2020
759 posts
Member Since Sep 12, 2017
238 posts
Mar 08, 2021 at 08:14
Member Since Aug 11, 2017
886 posts
Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , over trading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.
Apr 14, 2021 at 01:22
Member Since Apr 01, 2020
231 posts
For a new trader, it is a must for him to follow the rules of the market and must start practicing over a demo account and should develop a trading strategy and should test it with demo trading and if it works he can go forward with it to make a profit with real trading.
Member Since Mar 16, 2021
477 posts
May 14, 2021 at 11:15
Member Since Jun 17, 2020
7 posts
Yes, it is anyway difficult to make money. Keeping the expectations low is a good thing for beginners.
Setting up 2 accounts is a very good tip, especially for beginners who are unsure about how to get started in the market. Even making 1 to 2% profit can be a target.
Setting up 2 accounts is a very good tip, especially for beginners who are unsure about how to get started in the market. Even making 1 to 2% profit can be a target.
May 17, 2021 at 17:28
Member Since Jul 19, 2020
788 posts
Akasuki posted:Yes, new traders think a forex is a money-making machine so they refuse to make a profit. Plan and discipline can make trading profitable.
The problem with beginners that either they have been told that trading is easy or they think themselves that trading is easy. Thus they never feel the urge in deep learning.
Member Since Mar 16, 2021
477 posts
Member Since Aug 05, 2019
50 posts
Jun 26, 2021 at 11:19
Member Since Jul 19, 2020
751 posts
Suggestion for newbie traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader should have.
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