Help me i am a newbie

The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.

Be aware of Fake Celebrities and Teachers who don't have a track record.

The most important thing for newbies is to survive in the market which means not loosing their initial capital at the first place which they can't afford to loose.

Because if it happens and they loose major money at the beginning, then they enter into a loosing cycle in their trading psychology for a long time which is very difficult to get out because they will always try to quickly recover the lost money next time they try to trade using any system and then, loose even more and the cycle continues.

So if you have lost some major money as a newbie while trading, then never trade live until you give sufficient time for psychological recovery before recovering the actual money itself because anyway you can recover the money if you become successful in trading, but don't try to recover money quickly.

leo23 posted:
The most important thing for newbies is to survive in the market which means not loosing their initial capital at the first place which they can't afford to loose.

Because if it happens and they loose major money at the beginning, then they enter into a loosing cycle in their trading psychology for a long time which is very difficult to get out because they will always try to quickly recover the lost money next time they try to trade using any system and then, loose even more and the cycle continues.

So if you have lost some major money as a newbie while trading, then never trade live until you give sufficient time for psychological recovery before recovering the actual money itself because anyway you can recover the money if you become successful in trading, but don't try to recover money quickly.

Good direction! In this case, demo is the best way! Because, its all about virtual money so, no way to lose real capital! Traders should invest their own money when they are very sure about their trading skill.

Get the Education
Its like wearing a wrong lens will never help you see things clearly. Get the right Skills, Invest into educating yourself before you go into Live Market. Market Traders are a good Institution. Alpari has good free material.

Admoni posted:
The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.

Very Well Said

Actually instead of demo account it is better to trade in a real account with small balance. Because mostly traders lost interest when trading demo practically especially the newcomers.

Admoni posted:
Actually instead of demo account it is better to trade in a real account with small balance. Because mostly traders lost interest when trading demo practically especially the newcomers.

But some newcomer put big amount into real account and after Loss all the money, they claim Forex is Scam or that broker scam....😂

Admoni posted:
The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.

Learning before earning, that sounds very good! I agree fully with your comment about the casino style of trading. There is luck but still one needs to do own homework before entering the market 😄

fktika posted:
https://t.me/fkrforexsignal

Is this your signal service? Is it free or paid service?

But some newcomer put big amount into real account and after Loss all the money, they claim Forex is Scam or that broker scam....😂
True.
I want to note that for newcomers there is a 'New Traders' section here. Maybe better to go there...

There ARE a lot of scamming companies offering Forex trading on the market. (https://www.forexbrokerz.com/news/tags/warning) . Unfortunately many newbies lack both the knowledge and the experience to differentiate between a legitimate company and a scammer and they do end up getting scammed. It’s not all just empty complaints from people who trade badly because they don’t know how to trade.