Newbie ans strategy

Mohammadi posted:
A number of novice traders start their live trading too earlier before completing their task in demo! That’s the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!

Yes, till now demo is the best way! But I see, few traders are comfortable with the demo because of their emotions issue, in this case micro or cent type trading account would be alternative option, but they shouldn’t try to live trading with a handsome capital.

I think, new traders should focus on only their learning process, not on their result! Naturally, all of new traders start their trading career with a horrible trading result and after couple of months they lose their learning interest.

Well said Adi; really focusing on the learning process is the best practice! Although, it’s not easy task to apply initially; but newbie shouldn’t focus on the profit and lose in every trade!

Mohammadi posted:
I think, new traders should focus on only their learning process, not on their result! Naturally, all of new traders start their trading career with a horrible trading result and after couple of months they lose their learning interest.

That’s right, happened with me as well. Learning should be the first step, or else gradually we all feel that its not that important and we skip it, for which we definitely have to pay back in the future.

Learning is the most important thing. Even when you have experience of a good number of years, you should still not stop learning. Learning is a continuous phase.

jonny99 posted:
Learning is the most important thing. Even when you have experience of a good number of years, you should still not stop learning. Learning is a continuous phase.

Exactly; learning is an endless process; and pro traders don’t stop this process plus, they always try to learn from their own trading mistakes!

Adribaasmet posted:

jonny99 posted:
Learning is the most important thing. Even when you have experience of a good number of years, you should still not stop learning. Learning is a continuous phase.

Exactly; learning is an endless process; and pro traders don’t stop this process plus, they always try to learn from their own trading mistakes!

Very true, especially considering what you might have learned could become obsolete as markets change and trends reverse!

There are many kinds of trading techniques that traders choose according to their trading understanding. In my trading career from my first day of trading I have been using scalping approach that brings profit in a short time. This is most demandable trading strategy for all kinds of traders especially who have small balance.

Admoni posted:
The success is depend on your trading knowledge , on the other hand despite of good trading knowledge that’s not possible at all to make profit with great consistency if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

If you trade on less pairs, even then you can increase your success rate, its because you will know the behaviour of those pairs and that will let you decide more accurately when to enter any setup on them.

Mohammadi posted:
I think, new traders should focus on only their learning process, not on their result! Naturally, all of new traders start their trading career with a horrible trading result and after couple of months they lose their learning interest.

We have to know about the new and emerging trends in the Forex markets because only when we come to know about the we can use them in our trades :)

as a newcomer i was successful with BB in demo but when kicked off a live account , this approach not worked as like before , it was my experience about BB.

We believe that traders should start small and grow accounts as their skill improves, we cannot ignore trend following trading breakouts can be a great way of maximizing potential gains. Breakout trades are often used with larger risk.Strategies will help you if you only have a pittance to trade.

Practically in order to our trading understanding we the traders choose our trading strategies. According to me , if you want to get maximal result by your trading strategy , first of all you have make sure the proper money management approach , otherwise that’s not possible at all to make profit at all with great consistency despite of most powerful analyzing trading strategy. so, it is more important to know how to manage money in Forex trading.

Mohammadi posted:
Practically in order to our trading understanding we the traders choose our trading strategies. According to me , if you want to get maximal result by your trading strategy , first of all you have make sure the proper money management approach , otherwise that’s not possible at all to make profit at all with great consistency despite of most powerful analyzing trading strategy. so, it is more important to know how to manage money in Forex trading.

Money management is significant; but having a proper knowledge on market trend is more crucial; following the market trend is the best strategy!

The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.

Just gotta stick to a set strategy and tweak it gently. Time and patience whilst not going overboard.

in order to me, result from any strategies not only depends on trading skill or experience but also depends on the capability about your money management, so develop your MM and bring good result by scalping or others.

we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   

Roberto21 posted:
If you want to make profit b y scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.

Scalping is a mugs game unless spread is 0.1 and you have tiny commission. Otherwise broker will take all your gains