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Newbie wannabe Trader

HeavenLeighGill (HeavLeighGill26)
Aug 19 2021 at 02:23
401 投稿
I would take a step back from trading on the live account since it's losing money for you and come back to that. Spend more time online on forums like this one and try YouTube, Babypips, and other learning sites as well. Take an in-depth look at your current strategy and whether it's working. Practice any changes on demo account and then go back to trading live. It could also help to keep a trading journal to help stay on top of what is and isn't working. Good luck, I hope things improve!
Williamfreed
Aug 20 2021 at 06:00
176 投稿
chachaman posted:
Thanks Duranh

I've graduated from babypips btw...which everyone recommends

I also gain a lot of knowledge from this site and learn a lot about forex.
Reece Rispoli (reece22)
Oct 13 2021 at 20:03
70 投稿
chachaman posted:
Hi Folks,

I just found this informative unbiased weblsite

my goal: to learn HOW to trade

How do I?

I'm told to learn..but learn what?

Books I've read: market wizard series, Trading in the Zone, Naked Trader

Strategies: ORB Tony Crabel, Larry Williams Range Trading, Inside bar trading

My Problem: confused

Stock traders state don't trade forex as it's a mean reversion market

Trading style is based on your personality but what if I don't know my trading personality?

I've PAID for Forex education BUT it just teaches THEORY pattern recognition and Price Action

Why the trend in UK on Forex and nothing on Options Futures trading (my observation)

I've started LIVE trading....every trade goes against me....

Diff schools of thought on trading...owhich methodology? Dow theory? Wyckoff method?


Experienced traders which path do I go down?







Check out forex school or babypips gain some knowledge
Cegar (Cegar)
Oct 15 2021 at 19:04
26 投稿
I believe it's quite right that you have already started your acquaintance with trading activity, have read some books and made a search of some strategies and of course iit's okay to bconfused on your initial stages. All of us once have joined trading community and were as blind as you in it. You should understand that it's difficult enough activity which is required lots of attention in order to become successful in it. You have to determine which type of trading you prefer, choose analysis and only then you should start from learning the peculiarities of chose types of analysis. Then, you should start practice on demo.
Karlos Fandango (Smith2525)
Oct 25 2021 at 00:10
82 投稿
reece22 posted:
chachaman posted:
Hi Folks,

I just found this informative unbiased weblsite

my goal: to learn HOW to trade

How do I?

I'm told to learn..but learn what?

Books I've read: market wizard series, Trading in the Zone, Naked Trader

Strategies: ORB Tony Crabel, Larry Williams Range Trading, Inside bar trading

My Problem: confused

Stock traders state don't trade forex as it's a mean reversion market

Trading style is based on your personality but what if I don't know my trading personality?

I've PAID for Forex education BUT it just teaches THEORY pattern recognition and Price Action

Why the trend in UK on Forex and nothing on Options Futures trading (my observation)

I've started LIVE trading....every trade goes against me....

Diff schools of thought on trading...owhich methodology? Dow theory? Wyckoff method?


Experienced traders which path do I go down?







Check out forex school or babypips gain some knowledge

Agreed. I used babypips. No need to pay for training really! Plenty of info out there for free
karenpeters
Oct 29 2021 at 05:42
46 投稿
There is no need to pay for a trading course or a mentor when there is so much free information available on the internet. You just have to type what you are looking for and several websites will come up with their information.
Wrathdragon
Oct 29 2021 at 11:18
26 投稿
I'm always delighted when I see new traders who are passionate about trading activity. As for learning, then there are lots of resources in the internet, for example, babypips offers quite interesting and fascinating course for new traders. There are lots of lessons around there, which you can pass and get basic knowledge in trading activity. Moreover, you shouldn't forget about practicing, then I advice you to find a proper broker in order to open a demo account and start practicing there. Remember that it may take enough time for you to learn trading activity, thus never regret about time which you will dedicate to learning.
UweMoench
Nov 02 2021 at 14:55
751 投稿
Not all paid courses are worthy. Those who promises too much, stay away from them. The promise should be logical. It should not be unrealistic.
Williamfreed
Nov 03 2021 at 01:31
176 投稿
There are many websites available where you can learn about trading. I use babypips for learning about trading.
Chelsea Blacks (blackChelsea)
Nov 03 2021 at 09:51
125 投稿
Yeah babypips is good for basics. Add on are youtube videos. try to search for the specific topic on youtube to save time.
Akasuki
Nov 03 2021 at 13:18
617 投稿
@blackChelsea Yes that's a good website to start with for beginners. I would say to read books on technical analysis and trading psychology. There are some really good books that a trader should read.
SteveHanks
Nov 06 2021 at 18:02
536 投稿
skihav posted:
A beginner should be as careful as possible, because for work this is a very important process that should be paid attention to.
Every new trader should practice on a demo account to improve their trading skills.
Trallod
Nov 24 2021 at 07:58
24 投稿
The main here is to set a goal, actually you successfully handled this task and I guess that the next step for you is to start gradually explore the main peculiarities in trading activity. After it you can start set financial goals. In my opinion, the first task for you is to learn how to lose money. I've not mistaken actually, it's really like that.
If you will learn how to lose money, then probably it won't be difficult for you to learn how to earn them. The vast majority of traders can't admit the fact that trading on your initial stages is just the easiest way to lose money, because you're learning and you have to sacrifice something.
Akasuki
Jul 04 2022 at 12:39
617 投稿
As a trendy business, Forex is highly famed and no other market can beat it. How amazing it is that you are trading in this largest money market sitting home. However, coping up with the market condition is a little tough but nothing impossible as experts are already doing.
essencejo
Jul 13 2022 at 06:37
40 投稿
If you are a newbie and want to become a trader, I must warn you that it will be a difficult journey. Learning to trade is not easy. However, with time and practice, you will be able to develop that level of confidence and knowledge.
Akasuki
Jul 15 2022 at 17:04
617 投稿
There are some traders who use high lot and gain much within these short pips. If you want to enjoy your scalping, you must start with a scalping-friendly broker.
Hotheead
Jul 22 2022 at 04:44
26 投稿
Hi, in the beginning, it is not going to be a walk in the park. You will have to put in the hard work and give yourself enough time to learn and pick up new skills and improve your trading decisions. Good luck!
Zaftig
Jul 22 2022 at 07:00
22 投稿
Hey, do not get discouraged due to the confusions you are getting. It is an usual process. Every new trader has to cope with it in the beginning stage. Make the most of the power of the internet. You can find useful information there and it will be helpful to achieve your goals.
VinceMcMahon
Jul 22 2022 at 18:34
1 投稿
Zaftig posted:
Hey, do not get discouraged due to the confusions you are getting. It is an usual process. Every new trader has to cope with it in the beginning stage. Make the most of the power of the internet. You can find useful information there and it will be helpful to achieve your goals.
well said
Thanatopsis
Aug 01 2022 at 06:38
24 投稿
As a beginner, it will take some time to figure out how things work, especially if you have no prior experience. It takes a lot of trial and error to find what works best for you. I recommend that you take some online courses or watch some YouTube videos. Read more detailed and informative books, and use the forum to see how other traders are doing. I am confident that your experience in the forex market will clear up a lot of your confusion. Best wishes on your trading journey!
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