Professional trading tips for beginners

This is a good post for beginners.

Thanks a lot for sharing such great and very helpful content.

Indeed, it is very good when they share their experience and knowledge.

money and risk management its all about same , i feel most of the time , because we use it to avoid unfortunate risk and losses

FedericoLin posted:

posted:
1. Leave your emotions behind;
Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses

2. Never follow the crowd;
 Be fearful when others are greedy, be greedy when others are fearful”

Oftentimes market hype is brought about by the media creating buzz around some financial news that were not yet thoroughly analyzed. At these moments, it is very hard not to jump on the bandwagon of overexcited traders and start buying stocks that everyone is talking about.
Later, when it turns out that this was nothing but a hype, you don't want to be one of those traders who are struggling with selling the stocks for close to nothing when the hype is over. The best example to illustrate Buffett's quote would be the notorious Dotcom crash that left countless number of traders with devalued stocks.

3. Trading is not only about graphs

Everyone would agree that investing involves much more than simply buying some stocks. Indeed, by entering the world of trading we involuntary delve into politics, economy, ecology and financial markets, learning more about what is going on in the world than we would ever expect.
But the trick is that it works the other way around just as well: the more you know about the world, the better you invest. That's why when you are thinking about making a new investment into a company, try to analyze their business as thorough as you can. The time you invest in this step will pay off later.
When analyzing a graph, never neglect the news section that goes together with it. Lots of important information can be hidden there.

Guys pay attention to the news 😄

Really nice read, thank you

I will recommend some of the points:
1. never copy someone’s trading style
2. keep patience while starting, Rome was not built in a day
3. keep yourself updated with the current market trends
4. gain knowledge by reviewing educational content about forex from the internet
5. do your SWOT analysis, where do you stand before the market and then go ahead.

And one from me: Never risk what you can`t afford to lose.

You have made a very good and informative list of things that every beginner must keep in mind before trading. Thank you for sharing.

Don’t trade with other traders’ suggestions. Use your own judgment.

Indeed, it is not possible to gain trading profit without giving up emotion. Emotional trading can ruin an investment.

I would suggest to every newbie that focus on developing analysis skills, psychological skills. Don't focus on earning from the beginning. Without skills and experience it's not possible to make consistent money.

Akasuki posted:
I would suggest to every newbie that focus on developing analysis skills, psychological skills. Don't focus on earning from the beginning. Without skills and experience it's not possible to make consistent money.

Perfect tip... Earning money in forex only comes after a trader has gained enough experience and skills

Try to be patient and you will start seeing a profitable system. Working on a new strategy will help you too.