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Help me i am a newbie
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togr

Biedrs kopš Feb 22, 2011  3703 ieraksti vontogr (togr) Sep 27 2017 at 06:21
mohideen171 posted:
togr posted:
mohideen171 posted:
Beginners should first emphasis on money management. They should learn to lose little by using stop-loss and develop the confidence to gain more. its an art and habit one has to develop according to their personality.


Money management is important

But the most important is to learn entry exit points so the trades are profitable


Yes entry and exit points are important. But as a new trader they leverage too much and lose money. So first they should know how to safe guard their equity. Then fine tune the entry and exit based on their probability of success rate.


My point was they have to develop profitable strategy.
So the trades has to be profitable and then yes of course well sized based on MM

I like what I trade, I trade what I like
Admoni

Biedrs kopš Aug 09, 2017  95 ieraksti Admoni Sep 28 2017 at 06:45
According to me from all mistake in trading past mistake can be a great source to learn a great lesions. But if you do same mistake again and again that’s not possible at all to come out from losses.

mohideen171

Biedrs kopš Apr 19, 2015  21 ieraksti Forex Trader (mohideen171) Sep 29 2017 at 09:36
Admoni posted:
According to me from all mistake in trading past mistake can be a great source to learn a great lesions. But if you do same mistake again and again that’s not possible at all to come out from losses.


Yes i agree. As a newbie you have to correct the mistakes. Do that with demo account or small money

Admoni

Biedrs kopš Aug 09, 2017  95 ieraksti Admoni Oct 01 2017 at 06:30
Devoid of learning it is not possible to survive in this volatile trading place. So all kinds of traders especially the newcomers have to emphasis on learning process. Newcomers should take Pips school and also can practice in demo account for live experience.

LordRobert

Biedrs kopš Sep 18, 2013  11 ieraksti Lord John Robert Berendt Von Leviathan III (LordRobert) Oct 01 2017 at 06:38
musshan posted:
Hi Biz0101,

       Thank you for your reply. I am looking for a a mentor who can teach me a reliable and profitable system which i can use for trading. I am already trading in real accounts. I started with good profits for the first couple of weeks but then ended up with losing those profits as well as a part of my profits. So i started to browse and research on the importance of using a system in forex trading to be profitable in the long term and importance of money management.


Good Day Shankar,

We have a large support group at BVLFX.com with Skype chat rooms in general forum and for specific algorithms alike. We host training that is free of charge as that is what we do. We share our experiences with one another to take our money from the Markets. Have a look and if it's something you are interested in, you can contact us at any time. Please take note that our website is currently undergoing a facelift and all of the Menu items are not available at this time but will be back up and running in short order.

Hope you find what you are looking for and good luck with your endeavors.

leo23

Biedrs kopš Oct 12, 2016  343 ieraksti leo23 Oct 01 2017 at 14:45
Whether you are a newbie or a professional trader, forex trading is not a one shot deal. You have to keep learning and improving yourself.

Regarding a profitable system, there is no such thing as profitable system for ever. You have to keep on improving it over time. You can just pick any standard system available for free from the internet and back test it for a year or two using a backtesting software and then, use it in demo and then, live.

But if you have just used a system for 1 month in demo and then, jumped to live, then when it will start loosing you will have no idea what to do next. But sufficient backtesting will give an idea what to expect from the system and when to tweak the system.

Mohammadi

Biedrs kopš Aug 11, 2017  233 ieraksti Mohammadi Oct 04 2017 at 07:05
for the newcomers risk management is really inevitable when trading with leverage , and by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management policy , nothing to do with high leverage at all. Actually leverage allows an investor to grow his market exposure to a level that exceeds the initial investments.

adamlee45

Biedrs kopš Sep 12, 2017  3 ieraksti adamlee45 Oct 06 2017 at 09:26
musshan posted:
Hi Biz0101,

       Thank you for your reply. I am looking for a a mentor who can teach me a reliable and profitable system which i can use for trading. I am already trading in real accounts. I started with good profits for the first couple of weeks but then ended up with losing those profits as well as a part of my profits. So i started to browse and research on the importance of using a system in forex trading to be profitable in the long term and importance of money management.

You will find a lot of mentors whom you can find but do not give up on the demo account. You can learn numerous thing, the chance to plan and implement your strategies and the best thing is if your strategies do not work you will not lose your money and if it works you will gain experience and enough confidence to go and hit the trading account.

Mohammadi

Biedrs kopš Aug 11, 2017  233 ieraksti Mohammadi Oct 06 2017 at 10:09
for the beginners For ensuring successful trading life with certainly have to make sure good trading knowledge and a reliable support from a credible trading broker, because the trading spreads can affect the result of our trading with certainly.

CoolKimOne

Biedrs kopš Oct 06, 2017  9 ieraksti CoolKimOne Oct 08 2017 at 06:17
If you stick to long term swing trading then the spread doesn't really make a different

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