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Who can help me to trade?
Member Since Apr 18, 2017
34 posts
May 17, 2017 at 11:49
You can help yourself, so it’s time to update your trading knowledge and experience! I see, you are not confident enough about your trading skill, that means, you need to learn more technical and news analysis of Forex market! Use your demo once again, and make a 1K trades, then judge your trading skill!
Member Since Feb 24, 2017
23 posts
Jun 06, 2017 at 06:54
Like driving and swimming, trading too needs you to practice the process, so you will need to start looking into Live Analysis and Charts, Trading Cubes,Visual Trends and Demo Account first till you have the confidence. Here are the Key features
Member Since Apr 07, 2017
12 posts
Jun 07, 2017 at 06:26
Don't forget fundamental analysis too....
Jun 28, 2017 at 12:11
Prince_FX posted:
Dear friends!
My name is Prince, I am from Nigeria. I have some money to trade, but my trading results are not so good so far, that is why I would like to ask some experienced traders to guide me or advise me somebody who could help me to trade, or to teach me.
Than you all!
You can help yourself; just learn Forex trading and make a decent trading skill! Depending on others is a temporary solution! But, skill is a permanent solution for you! So, start your learning process from basic!
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Jun 28, 2017 at 14:54
FxMasterGuru posted:
www.babypips.com + 10,000 hours
yes and if you dont do that you gong to end up like 95 % of wannabe trader A BIG LOSER
Member Since Sep 12, 2015
1933 posts
Jun 28, 2017 at 15:50
Get educated for starters, this will cut down your learning time.
"They mistook leverage with genius".
Member Since Mar 20, 2017
14 posts
Jun 29, 2017 at 13:40
I second the need for fundamental analysis. This will help you identify the long term trend
Member Since Sep 12, 2015
1933 posts
Jun 29, 2017 at 16:57
Maybe he's taking a break like Elvis!!!!
"They mistook leverage with genius".
forex_trader_38771
Member Since Jun 10, 2011
52 posts
Jun 30, 2017 at 03:46
littlefishfx.com
excellent trading course
excellent trading course
Jun 30, 2017 at 12:09
Hello, there are a lot of available sources over the internet however, I hope this one can help, education center (https://www.itrader.com/en/page/courses) It was easier for me to trade when I found this one, it offers free courses and helpful articles and webinars.
Jul 02, 2017 at 06:27
The most important thing is backtesting your system with sufficient amount of past history data. If you have not backtested your system and trying directly with one system to other system either in demo or live account, it is complete waste of time.
Backtesting a system with "Forex tester" will save a lot of time may be years of research and analysis. Just take any mechanical system trading at least 4H timeframe or more and backtest it.
For beginners the best thing is to trade on Daily charts so that everyday just open a trade at specific time with stoploss and takeprofit like a set and forget system. In this way, the over analysis on charts and over thinking and trading psychology and all can be avoided by new traders.
Also, Daily time frames are much more reliable without much market noise and easy to backtest and easy to forward test with low risk.
Backtesting a system with "Forex tester" will save a lot of time may be years of research and analysis. Just take any mechanical system trading at least 4H timeframe or more and backtest it.
For beginners the best thing is to trade on Daily charts so that everyday just open a trade at specific time with stoploss and takeprofit like a set and forget system. In this way, the over analysis on charts and over thinking and trading psychology and all can be avoided by new traders.
Also, Daily time frames are much more reliable without much market noise and easy to backtest and easy to forward test with low risk.
Artificial General Intelligence
Member Since Sep 12, 2015
1933 posts
Jul 02, 2017 at 15:03
There is a free course on stock valuation by Aswath Damodaran .
"They mistook leverage with genius".
Jul 20, 2017 at 12:29
BaldoN posted:This is a good advice but if it he will or she will just start it is better to start with a short investment so that the loss will never be that much and difficult for her to bear if she lose. Lol
As an advise, the initial focus should be in longer term trades until some habits and experience is acquired :)
Member Since Oct 08, 2016
57 posts
Jul 25, 2017 at 03:52
Basically in forex you have to help yourself first, by gaining forex market knowledge. Study hard like any other subject, then need to see forex related videos, tutorials, trying to learn by demo account of various forex brokers so you can choose which is suitable for you. You can take advice from professionals, also if you can manage a good broker for you, you can get help from your broker also.
To change your trading result, just change your thinking.
Member Since Dec 11, 2015
1462 posts
Aug 04, 2017 at 13:44
The original poster may no longer have an interest in the thread, but it could still be useful to other newbies who have similar problems and come here looking for advice.
Now, regarding the actual advice. I recommend to learn how to calculate one’s risk when making a trade as early as possible when you first start trading. (https://www.forexbrokerz.com/news/forex-risk-management)
No matter what your trading strategy is, it is bound to run in a series of losing trades. If you do not control your exposure during them, you may end up with serious losses. And here is the principle which some beginners may not understand: The first step towards making money in the forex market is to stop losing.
Now, regarding the actual advice. I recommend to learn how to calculate one’s risk when making a trade as early as possible when you first start trading. (https://www.forexbrokerz.com/news/forex-risk-management)
No matter what your trading strategy is, it is bound to run in a series of losing trades. If you do not control your exposure during them, you may end up with serious losses. And here is the principle which some beginners may not understand: The first step towards making money in the forex market is to stop losing.
Member Since Sep 12, 2015
1933 posts
Aug 04, 2017 at 16:20
You can read Warren Buffett ,it may be stock related but there's a lot you can apply to forex too.
"They mistook leverage with genius".
