Roberto21 posted: we always think which time is best for trading , i think every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly.
Well said; but basically set my entry point according to the position of support/resistant levels!
Well yaa i agree somewhat. You should rather try to engage yourself on some forex trading forums where traders talk about their challenges, their strengths and tricks they use to trade forex. That’s a great place to learn from people’s experiences.
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
brashentries posted: Tough to find a good mentor though and not fall into a scam
Well, that’s the major issue which many traders are facing, other than emotional dis-balance. These scammers are ever ready to grab hold of you, so everyone has to be careful with what they choose, specially if its a paid service.
For new traders early success can effect them only, many people in other businesses dont consider forex a serious business where they can make money for living newbies need to understand this there is no short cut and no way to succeed without learning and experience.
Baazex posted: For new traders early success can effect them only, many people in other businesses dont consider forex a serious business where they can make money for living newbies need to understand this there is no short cut and no way to succeed without learning and experience.
That’s the reality & I have no objection on it! Forex is not an easy way of money making! It’s a smart profession!
in Fx trading demo is really good for any kinds of traders especially for newcomers. i use all my trading strategies in demo to see the performance how it works, this approach always help me to avoid risk when trading in practically.
i have seen maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.