Beginner's Tips
New Forex traders should concentrate on only demo, I mean learning! Without proper trading knowledge, it’s quite impossible to be a good performer!
for beginners Practice is important; I see new traders judge their trading system too early; it is another reason behind this popular statistic!
Demo is good but learning from demo alone wont help, trade less in live. Start Building strategies as well.
for any traders Money Management is important; you have to make sure your base line; I am talking about the trading strategy here! Fixed & keen trading system is the key.
Thomas Lawson
(TrendReversals66)
会員 Mar 21, 2020
4 件の投稿
Mar 22 2020 at 23:45
Using a good profit to loss ratio (2:1, 3:1, 4:1) helps you to get an edge on winning long term. Even if you have a strategy that brings you a 50% win rate you will still be in profit long term.
Start low; patience and practicality is the key.
Cizel89 posted:
Start low; patience and practicality is the key.
That's a really good advice; short and accurate.
as a beginner if any newcomers dont use stop loss, of course he will fall a great loss , because without stop loss it looks a condition , a ship in an ocean without a rudder. so its your choice , take it or leave it.
I feel the same way about newbies. A lot of them come to the forum and they're like, 'Oh, how do you do stuff here, give me some advice!' And you don't even know what to write back to this question. Yes, when they ask some general questions, that's great. When they ask questions like 'What leverage do I have to choose' or 'How much money do I deposit', it's just something... It's like they don't understand that there are more personalized questions, that more difficult to answer without knowing the information about the trader himself.