blackChelsea posted: I think a trader is still a newbie if he has no knowledge of the forex market although he is trading on call and trade. The real trader is the one who is trading on forex with his skills. The tag of newbie can only be removed with experience.
Yes, a skilled trader will surely benefit from the market and since they know how everything works, they can be at an advantage.
Yes but skills and perfection comes with practice. There is a whole process that a trader goes through, be it from learning the basics to familiarising with different aspects of the market. Like I’ve been stuck on this strategy (range trading) for some time and I’ve been practising on CMC Markets, Avatrade but the improvement is slow. It certainly takes a long time to actually be close to perfection when it comes to trading.
It is good that you decided to stick to a strategy and learn it properly first. Hope you get there soon!
When you are a beginner, you do not know where to start, so it is better if you can start gaining knowledge by following some courses (make sure it is free) and learn as much as you can so that you will be able to gain better understanding in future
Before jumping into the world of Forex, a beginner should give their initial time to practice and enhance skills. The market is profitable as well as risky and only one who has a strong determination to learn can excel in Forex trading.
I think that a trader is a newbie until he has gained sufficient knowledge to trade. Forex trading is all based on knowledge and dedication and to make a place in the market, beginners need to spend their enough time on learning.
TradeHut posted: I think that a trader is a newbie until he has gained sufficient knowledge to trade. Forex trading is all based on knowledge and dedication and to make a place in the market, beginners need to spend their enough time on learning.
Right. New traders should spend more time to learn the trading properly.