Newbie problem

Most new traders think he is going to be rich within few months. He got the easiest way to make money quickly. The problem is they have been introduced forex like that. Most newbie traders do not know the ugly truth of forex trading. Forex is not an easy job to do. You need specific knowledge and skills. And for that you have to give time and efforts. It doesn't happen overnight. Not even in few months.

Exactly. Its not get rich quick scheme. Hard work and practice is what will pay off at the end of day. So it shouldn't be taken lightly at all.

People have big misconceptions about forex. Nothing comes for free ever. In the case of forex trading too we have to work really hard and devote efforts to enhance our skills each day.

When a person joins trading he has many dreams. But if you want to realize that dream, you have to think logically. If a trader wants to make a lot of money in a few days, it is never possible. You have to try with a long time goal. And you have to always follow the trading discipline. New traders face many kinds of problems. As they need to choose a broker, need a good mentor, there can be a lot of trouble to open an account. There are many different types of problems.

Maximum concentration at the beginning of trading is what a trader needs and it is very convenient when financial managers, like the broker Amarkets, always help and give practical advice.

Learning forex is hard stony road to victory but it is worth it
Even though even experienced trader may have bad times...

Michihito posted:
Most new traders think he is going to be rich within a few months. He got the easiest way to make money quickly. The problem is they have been introduced forex like that. Most newbie traders do not know the ugly truth of forex trading. Forex is not an easy job to do. You need specific knowledge and skills. And for that, you have to give time and efforts. It doesn't happen overnight. Not even in a few months.

Exactly. This is where many get the wrong assumption, then blow up the accounts and then blame forex brokers and also the whole forex industry.

Having a good broker to work with before venturing into trading by yourself is usually a good thing.
It helps you gain more knowledge and cash before you can start trading for yourself.

@Allisonevan this is exactly what brought me to this site someone recommended the site. I've blown too many accounts and lost lots of money too, please can you connect me to him? Maybe a phone number or an email pls I'll really appreciate.

Yes I know Mark, he's really a good trader and a good choice to invest with. He charges a 20% commission at the end every trade. I literally learnt how to trade through him.

Okay @Allisonevan thanks a million I'll send a private message

That is why it is important to have knowledge before getting into trading because there is a chance that you might be overwhelmed after hearing that you can make money in forex which is not that easy

the very common problem for newcomers when choosing a right broker ,
 because thousands of brokers in retail market and most of them are found to be scams.

Every new trader should learn properly first. Without proper learning, it is quite difficult to make money from this risky market.

Every new trader must learn the basics of forex because without knowledge it would be hard for him to be successful in Forex trading.

I have seen many of us consider demo trading as dull. But for me not that dull at all, actually it is totally different , live account is the real market and many financial things affected the market , and it is different with demo account which is positioned as the “perfect market “ by the broker that we use, so that is why that market is good for newbie who want to trade as the place to learn only and make theirselves more familiar with the platforms.

Dictiony posted:
Every new trader must learn the basics of forex because without knowledge it would be hard for him to be successful in Forex trading.

Yeah! Learning is important for forex considering the risk element involved in it.

Most of the new traders want to make money quickly in this market. This is the most common mistake. For making money quickly most traders make wrong decisions and lose their money.

Michihito posted:
Most new traders think he is going to be rich within few months. He got the easiest way to make money quickly. The problem is they have been introduced forex like that. Most newbie traders do not know the ugly truth of forex trading. Forex is not an easy job to do. You need specific knowledge and skills. And for that you have to give time and efforts. It doesn't happen overnight. Not even in few months.

the basic problem for newbie's is that they have a image in mind in which trading means easy and quick money. Newbie's generally skip the learning, practice and research phase and jump to investing huge capitals in large lots. This ultimately results in clear losses and nothing else. I always suggest all the new comers that give yourself some time and study trading. Then practice it and then finally invest.