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When a trader is a newbie
Member Since Aug 05, 2021
394 posts
Sep 22, 2022 at 16:16
AndrewMcCalam54 posted:
the new Forex trader always try to bring good amount of profit with no learning . this is a very common mistake.
True. I feel like beginners often focus more on dollars than self-improvement and confuse long-term goals with short-term ones.
Member Since Sep 06, 2022
26 posts
Sep 23, 2022 at 08:02
A newbie should take his time to practise in demo trading. Newbie traders are still learning, and understanding how forex trading works. If they start trading in a live account from the very beginning, they will be putting their capital at high risk. So, it is better to practise for a good amount of time, at least for a year. Practising in a demo account will help the trader strengthen his skills and understand which timeframe, risk:reward, leverage, etc suits his strategy the best.
Sep 29, 2022 at 09:24
Marcolis posted:
Every human being is infected with several bad qualities which should be removed to become a good trader.
Not all bad qualities make a person a bad trader.
In fact, what kind of person does not give a shit. What matters is whether he or she makes money or not. Those who don't know how are not even considered. And those who can will be in demand with all their bad qualities. Even if there are not several.
As for the topic of the thread.
When a trader is a newbie he trades on demo :)
Member Since Sep 21, 2022
6 posts
Sep 29, 2022 at 09:54
Thousands of new traders join the forex market every month, but only a small percentage of trades manage to survive. Why? The cause of their failure is their lack of discipline & skills. As a newbie, you lack understanding of the market. To develop that, you need practice and learning. This, however, new trades are not open to. Hence, they fail. My suggestion to new traders is not to take any risk until you have a tested trading system. Also, trade for at least 6 months on demo trading before taking a risk.
Oct 04, 2022 at 08:09
I believe when a trader is a newbie they should devote their time in practicing on a demo account to understand the trading more precisely. Trading without a plan can result in drastic losses for those who jump into the process without a plan. So as a newbie learning should be a primary goal.
forex_trader_3036016
Member Since Sep 29, 2022
15 posts
Oct 07, 2022 at 04:32
When I was a newbie, I was desperate to make money and took the wrong steps. Results? I blew up multiple accounts. Don’t make this mistake! Focus on your forex education first. You will make money once you know your way around the market.
Member Since Feb 16, 2022
113 posts
Oct 22, 2022 at 12:52
A trader is a newbie when he is new to Forex and has no trading expertise. We see these types of traders run wrong approaches over the market which result in losses.
Oct 25, 2022 at 22:28
Whitethroat posted:
I believe that after the first thousand dollars earned, you are no longer a newbie.
The number trading capital will associated to the profit result, if traders only start with $100 it is need long time to become thousands dollar
Except trading skills already supported to make one hundred percent profit a day.
Member Since Oct 04, 2022
15 posts
Oct 28, 2022 at 05:05
As a newbie, I focused only on learning. The end goal is to make money, but it is not possible unless you are familiar with how the market functions. So, devote time to understanding the market and develop a trading system.
Member Since Sep 13, 2022
16 posts
Nov 01, 2022 at 07:36
Even though many traders don’t demo trade, newbies should practise for a few weeks so they’re familiar with the process. Knowledge and skill is learnt over time and newbies should focus on their personal end goal. Learning is constant in the market like this so traders need to be willing to adapt and make their info larger.
Nov 08, 2022 at 06:34
Marcolis posted:
Blaming luck is a kind of ignorance and traders who don’t have sufficient trading knowledge do this job after suffering losses.
Yes , I agree. One should maintain a positive attitude towards learning and putting in a lot of effort, while still accepting of their setbacks. Luck is just an excuse.
