Forex Tips

Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!

Imamul posted:
particularly before starting trading , we consider this stock exchange as a casino and try to bring profit very rapidly without learning , but in practical there is no short cut way of earning and success in long time process in here.  

I agree . Forex trading is not a get rich quick scheme . Getting a hang of it takes time. In fact years to be true. One has to constantly observe the markets trends , price moves , current economic situations which have an impact on the forex currency pairs and affects their prices. We can only learn slowly and steadily through experience, constant knowledge gathering and from our mistakes . Emotions have no place in forex . If we make decisions affected y emotions we are sure to lose this game . Discipline , mental toughness , adaptability , inquisitiveness , patient , independence are all the words i can use to describe a a successful forex trader. So traders , keep calm and keep trading

as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .

its the main challenge when having a losses , generally after having a losses from trade we become emotional and trade over and over , we lost our motive and mind , as a result become loser. its more appropriate to become cool when having a loss and stop trading for a while.

beginners can go through the pre school level including a demo account , don't hurry please , learning is a continues process and need to patience more.

Before you start your journey as a trader, you need to decide how are you going to execute your trades. You must know what kind of information is required to enter or exit a trade. Some traders choose to look at charts to determine the best time to trade whereas others use technical analysis. Whichever methodology you choose, be consistent and your system should keep up with the dynamic environment of a market.

good thread for beginner traders

every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly. 

Broker is a big deal when it is time to make sure a successful trading life, because the broker can affects the result of our trading with certainly, we the traders can choose a broker which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker which allows trading concept such as this.

a good tip for beginners: do not spend any money on learning, as the internet is full of free resources. ' iMetaTrade ' has a database of free EA's, Indicators and Ebooks covering a range of topics, so it's worth checking out before spending your hard earned money!

Are you promoting iMetaTrade ? I noticed that you said the same thing on another post

I've just found it useful recently and thought others might too. Other sites have been useful too such as FF, but takes a bit of time to sieve through the info, especially as a beginner

only we can learn when making a loss , and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.

if you want to success from Forex or other sector ,
first of all you have to be Mentally Strong with determination. that's all.

Imamul posted:
only we can learn when making a loss , and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.

But straightaway starting with real account, is that not way too risky for beginners. I mean with no practice or experience at all, is it sensible enough to risk all your funds?

most important trading tips dont depend on your trading strategies completely, i lost much equity for that. result of our trading its all about temporary session., nothing without it at all.   

as a new Fx trader consistent successful trade is much difficult , i don't recommend it. just try to control greed and emotions , that's all.

Slow. Take everything slow and it will come to you. Rush into Forex and it will eat you up

BB are great in ranging markets and awful in trending. If you can figure out what market you are in then you will be a winner