Help me i am a newbie

mohideen171 posted:

togr posted:

mohideen171 posted:
Beginners should first emphasis on money management. They should learn to lose little by using stop-loss and develop the confidence to gain more. its an art and habit one has to develop according to their personality.

Money management is important

But the most important is to learn entry exit points so the trades are profitable

Yes entry and exit points are important. But as a new trader they leverage too much and lose money. So first they should know how to safe guard their equity. Then fine tune the entry and exit based on their probability of success rate.

My point was they have to develop profitable strategy.
So the trades has to be profitable and then yes of course well sized based on MM

According to me from all mistake in trading past mistake can be a great source to learn a great lesions. But if you do same mistake again and again that’s not possible at all to come out from losses.

Admoni posted:
According to me from all mistake in trading past mistake can be a great source to learn a great lesions. But if you do same mistake again and again that’s not possible at all to come out from losses.

Yes i agree. As a newbie you have to correct the mistakes. Do that with demo account or small money

Devoid of learning it is not possible to survive in this volatile trading place. So all kinds of traders especially the newcomers have to emphasis on learning process. Newcomers should take Pips school and also can practice in demo account for live experience.

musshan posted:
Hi Biz0101,

       Thank you for your reply. I am looking for a a mentor who can teach me a reliable and profitable system which i can use for trading. I am already trading in real accounts. I started with good profits for the first couple of weeks but then ended up with losing those profits as well as a part of my profits. So i started to browse and research on the importance of using a system in forex trading to be profitable in the long term and importance of money management.

Good Day Shankar,

We have a large support group at BVLFX.com with Skype chat rooms in general forum and for specific algorithms alike. We host training that is free of charge as that is what we do. We share our experiences with one another to take our money from the Markets. Have a look and if it's something you are interested in, you can contact us at any time. Please take note that our website is currently undergoing a facelift and all of the Menu items are not available at this time but will be back up and running in short order.

Hope you find what you are looking for and good luck with your endeavors.

Whether you are a newbie or a professional trader, forex trading is not a one shot deal. You have to keep learning and improving yourself.

Regarding a profitable system, there is no such thing as profitable system for ever. You have to keep on improving it over time. You can just pick any standard system available for free from the internet and back test it for a year or two using a backtesting software and then, use it in demo and then, live.

But if you have just used a system for 1 month in demo and then, jumped to live, then when it will start loosing you will have no idea what to do next. But sufficient backtesting will give an idea what to expect from the system and when to tweak the system.

for the newcomers risk management is really inevitable when trading with leverage , and by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management policy , nothing to do with high leverage at all. Actually leverage allows an investor to grow his market exposure to a level that exceeds the initial investments.

musshan posted:
Hi Biz0101,

       Thank you for your reply. I am looking for a a mentor who can teach me a reliable and profitable system which i can use for trading. I am already trading in real accounts. I started with good profits for the first couple of weeks but then ended up with losing those profits as well as a part of my profits. So i started to browse and research on the importance of using a system in forex trading to be profitable in the long term and importance of money management.

You will find a lot of mentors whom you can find but do not give up on the demo account. You can learn numerous thing, the chance to plan and implement your strategies and the best thing is if your strategies do not work you will not lose your money and if it works you will gain experience and enough confidence to go and hit the trading account.

for the beginners For ensuring successful trading life with certainly have to make sure good trading knowledge and a reliable support from a credible trading broker, because the trading spreads can affect the result of our trading with certainly.

If you stick to long term swing trading then the spread doesn't really make a different

But you need big stops with swing trading which can be dangerous for a newbie

In this trading place, time management is really important to make sure a secure and comfortable trading life with certainly, we the traders should choose our time according to our trading understanding , as a newcomer due to lack of fundamental knowledge i always avoid news trading , even though it is very much profitable sometimes.

In Fx trading, despite of having most powerful analyzing trade knowledge that’s not possible at all to lead a comfortable trading life with certainly if you don’t have a comfortable trading spreads. Because the trading spreads can affects the result of our trading with certainly.

musshan posted:
Hello,

    I am a newbie to forex trading.

I came across this site while browsing for assistance with my forex trading. I am exactly not so sure of what this site will do for me? Can some one explain.
   
 I also want to know how i can add my account here and what help will that be off for me while trading.
    
What are the possible ways of getting assistance here?

Thanks is advance

i teach people forex , i teach them everything from basic support and resistance to advancef volume and volume profile analysis , and of course i give them 3-5 strategies for using them to make money faster, so if you want to discuss about that send me a pm

for newbie , To be honest 1:1000 leverage is a super leverage. From one side yes usage of capital will be very less than usual, but from others I would be scared to leave a trade open without monitoring it.

dimar_dm
First of all
Be aware of the offers you get from here. I have been conned by many Telegram and Whatsapp Teachers who will take your money and will teach you nothing. If someone is claiming to be a teacher, mentor or instructor ask them to show their results which should be verified on myfxbook and I heard even they can be rigged unless verified bye MYFXBOOK.
I would suggest investing in Forex Signals with MYFXBOOK approved Autotrade Tab and please revise your Leverage. 1:1000 is something like putting your head in a loaded canon. Always start your trade with the minimum lot size if you think its trading. But if you think its gambling best of luck my friend.

hello dear friends

i want to have a online chat with support service of this website .

but i dont have contact .

how do i make a contact ?

thanks for your help

If you intend to use robots then any offering worth its salt and charges will also let you have the source code so that you can see how it works and is not just a 'Black Box'.

They will also show how the strategy works and you can verify their track record.

Examples of these are Wes Waltons robots, Rob Bookers robots (Wes Walton) and Forex Useful (3 little Pigs and I believe Pivots is now coded) as working examples

BMW2015 posted:
hello dear friends

i want to have a online chat with support service of this website .

but i dont have contact .

how do i make a contact ?

thanks for your help

There is no chat support,
you can use Contact US link at the bottom right corner