Beginners levee generally attacked by greed when trading above all with a large account , so i always prefer micro account for that. no chance to reduce greed completely but of course it can be controlled.
Jul 19 2018 at 07:01
What about using demo? Have you tried that or did you start on micro?
In Fx trading there are many mandatory things that we have to ensure if we want to get maximal result from our trading . first of all when we newcomers have to move Babypips school to acquire real trading knowledge and also trade in a demo account at any broker, but practically mostly traders don’t believe the importance of this trading place at all. as a result they fall a great loss when trading practically.
A mandatory thing to do when you are a novice trader is a Demo account, no matter how long you'd remain there.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.
Accept the loss as experience
Aug 13 2018 at 10:36
TiffanyK posted:
A mandatory thing to do when you are a novice trader is a Demo account, no matter how long you'd remain there.
Then the micro account and placing small orders at first so that you can catch tiny movements and still do not risk too much, and third place - fundamental analysis and setting reasonable risk management.
Well said; I agree with your guidelines! But I see, a number of new traders are too hurry. As a result, they start the real trading so early that brings balance crushed.
Aug 14 2018 at 10:39
I demo for a year and still had my account crushed after that. Maybe there is no good time to go real account
LeadPellet posted:
I demo for a year and still had my account crushed after that. Maybe there is no good time to go real account
how you were performing in your demo account??
Aug 29 2018 at 08:55
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
Hey, If you still want to learn about forex trading the do these things:
- Participate in forum discussions
- Watch trading video
- Join groups in social media and start discussions
- Initial stage start trading from the demo account
- Read trading strategy and tips on different websites
Aug 29 2018 at 11:57
JamesAnderson 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
Hey, If you still want to learn about forex trading the do these things:
- Participate in forum discussions
- Watch trading video
- Join groups in social media and start discussions
- Initial stage start trading from the demo account
- Read trading strategy and tips on different websites
Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.
Aug 29 2018 at 14:18
GreenTrades posted:
Pretty good points, but I would add that there need to be organized course to avoid getting stuck in many technical terms for beginners. I recommend these two free online courses below:
- School of Pipsology in Babypips. Those are fun for learning.
- Trading Course in ForexPeaceArmy. It's designed like a forum but a good one, fun as well.
Those are good beginner sources but be careful not to take the strategies etc. too seriously. Get the basics and then move on to more advanced methods. None of the simple strategies they use will work
