New in forex trading

Part of baby pips I think

The newcomers should take micro account but maximum traders take demo trading and after passing sometimes they lost interest . so it is more important to take decision when as a newcomer.

From all I think point 2 is more important , actually it would be better for leading a comfortable trading life with certainly if we choose our brokers according to our trading understanding, otherwise that’s not possible at all to lead a comfortable trading life with surely despite of having good trading knowledge , so really we have to be more careful when choosing a broker.

You may also try to follow some traders with good perfrmance. There are a lot of different platforms where you can find trader and allocate some amount for his strategy. It is the simplest way.

If any newcomer lose money by overtrading or others immature trading activates there is no possibility to come out from losses. Both of traders lose from here , but the different is the newcomer who got learning Forex he can take a lesion from losses but who losses by trading at random he got nothing. So, after learning don’t frustrated by your lose. It’s a path to learn your more

Newcomers always try to make huge money from here without learning. As a result they become loser due to lack of exact trading knowledge and experience. Newbie’s should keep a cooling mind when trading practically and have to ensure how to control emotions by proper trading discipline.

Easier said than done. Most newbies just want to make a quick buck and get rich by the end of the week

OsloHoney posted:
Easier said than done. Most newbies just want to make a quick buck and get rich by the end of the week

And consequently they lose their entire accounts and leave trading altogether. Or at least most do, some people decide to actually sit and learn.

Success in Forex market can be easy just if you can keep a great patience for a long time. only patience is the key to success in Forex.

Can Forex really be easy? Everyone finds it so tough (me included!)

Imamul posted:
Success in Forex market can be easy just if you can keep a great patience for a long time. only patience is the key to success in Forex.

If it requires such an effort can it be labelled 'easy'?

for newbies demo trading service is available here and there! So, you can start your demo from anywhere! But try to use transparent Forex brokers! Then you can start your live trading with the same broker! But I would suggest to use multiple demo accounts for standard judgement! Happy learning!
 

Multi demo accounts is a good idea but I often find that a broker live account is very different from the demo account

A healthy trading investment is good for trading! But trading with low trading capital is not impossible actually! For a good skilled Forex trader everything is possible here! Even, investing money without proper knowledge is always risky! By the way, I started my live trading with 1K only.

Well, Forex trading business is the most standard way of money making! It’s not easy actually! So, you are not sure about your success please don’t take this profession as your full time job! Start your trading as a part time trader, then move here according to your live trading performances! If you get regular income then surely you can stay here as like others newbie!

Indorder posted:
Multi demo accounts is a good idea but I often find that a broker live account is very different from the demo account

If there are such brokers, trading on a Demo account before going Live becomes absolutely pointless. That's so misleading.There should be a regulation for this .

wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand

My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.

If however you are looking to invest some capital and are looking to get a reasonable return on your investment, then you should look into professional investment services with a reputable company that will provide you a dedicated account manager who will oversee your accounts for your.

A reasonable expectation from a professional account manager for your investments, using a low risk investment strategy to protect your investments, would be a return on your investments of around 5% to 10%. A slightly more aggressive investment manager would probably return around 10% to 25%, but again, there is higher risk.

Professional4X posted:

wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand

My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.

Perfect advice!
If you don't have any knowledge about Forex than please stay away from it.

emily_smith posted:

Professional4X posted:

wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand

My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.

Perfect advice!
If you don't have any knowledge about Forex than please stay away from it.

Exactly, there is no manual way without knowledge! But I see, many investors are using advance automatic services to make money here.