Edit Your Comment
Professional trading tips for beginners
forex_trader_1786937
Biedrs kopš
142 ieraksti
Oct 02, 2020 at 16:46
Biedrs kopš
142 ieraksti
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.
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.
Biedrs kopš
7 ieraksti
forex_trader_1786937
Biedrs kopš
142 ieraksti
Biedrs kopš
341 ieraksti
Oct 18, 2020 at 21:04
Biedrs kopš
341 ieraksti
Very nice and informative post. It will help all the new traders who are thinking to invest in this risky market.
Biedrs kopš
298 ieraksti
Oct 19, 2020 at 01:23
Biedrs kopš
298 ieraksti
Your words are true, and if no one can accept this truth, he will never succeed in trading. Thank you very much for providing this important information to beginner traders.
Biedrs kopš
318 ieraksti
Oct 24, 2020 at 16:01
Biedrs kopš
318 ieraksti
TraderAngolan posted:Very nice writing. It will help many traders to make their decisions easily.
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.
Biedrs kopš
37 ieraksti
Oct 26, 2020 at 06:45
Biedrs kopš
37 ieraksti
That’s true. You must not let your emotions come your way. It won’t take you long.
Biedrs kopš
298 ieraksti
Oct 27, 2020 at 12:16
Biedrs kopš
298 ieraksti
Most of losses happen in trading by emotional decisions. You need to control your emotions while trading. It is a difficult task but possible. It requires time. No habit develops overnight. We need determination and dedication.
Biedrs kopš
751 ieraksti
Oct 27, 2020 at 13:25
Biedrs kopš
751 ieraksti
Very informative input. Yes following crowd makes a trader restless. All the day he keeps searching what others are saying about the market. It reduces their own judgement ability which is bad for learning.
Biedrs kopš
23 ieraksti
Oct 30, 2020 at 10:35
Biedrs kopš
23 ieraksti
As a trader you need to know that you are on your own on forex. As much as you see alot of traders in the forums they should not in any way influence your trading plan unless what they have to say is something that you can prove it be effective because then you are going to be making a big mistake.
Biedrs kopš
18 ieraksti
Oct 30, 2020 at 11:19
Biedrs kopš
18 ieraksti
Beginners need to get the whole side of forex before they even think about taking it to the next step because as much as they tell you that you can make a lot of money from forex in a short while you also need to understand that you can lose a lot of money in the same time time period.
Dagdakelv
Biedrs kopš
759 ieraksti
Oct 31, 2020 at 17:46
Biedrs kopš
759 ieraksti
Michihito posted:Yeah. Every trader should know about trading psychology. However, trader cannot learn that in demo trading.
Most of losses happen in trading by emotional decisions. You need to control your emotions while trading. It is a difficult task but possible. It requires time. No habit develops overnight. We need determination and dedication.
Biedrs kopš
341 ieraksti
Nov 20, 2020 at 18:59
Biedrs kopš
341 ieraksti
Every new trader should learn all the basics of forex before entering into this risky market.
Biedrs kopš
54 ieraksti
Nov 23, 2020 at 06:45
Biedrs kopš
54 ieraksti
Still do not forget to prepare emotionally and psychologically, believe me, this is really very important.
Biedrs kopš
16 ieraksti
Nov 23, 2020 at 12:41
Biedrs kopš
16 ieraksti
How many are those who once again remind that psychology is important, and without knowledge it is better not to start.
Guys, a newcomer already knows about the risks, about psychology, about knowledge when enters the forum. This future trader probably already went all the way of doubt when decided to start trading and had already read about psychology many times. Do you think this will help?
Nope
Give the necessary advice, such as 'do not open a long reversal trade near the support of the downtrend', 'always calculate the stop loss in advance, and compare it with the acceptable risk in the current market', 'you talk about greed but do not advise withdrawing profits at least to cover initial deposit', ' you are talking about psychology, but you are not saying that you should first accept losses as part of the trader's path'
Guys, a newcomer already knows about the risks, about psychology, about knowledge when enters the forum. This future trader probably already went all the way of doubt when decided to start trading and had already read about psychology many times. Do you think this will help?
Nope
Give the necessary advice, such as 'do not open a long reversal trade near the support of the downtrend', 'always calculate the stop loss in advance, and compare it with the acceptable risk in the current market', 'you talk about greed but do not advise withdrawing profits at least to cover initial deposit', ' you are talking about psychology, but you are not saying that you should first accept losses as part of the trader's path'
Do not be greedy and invest in your business as much as you can.
Biedrs kopš
21 ieraksti
Jan 06, 2021 at 09:04
Biedrs kopš
21 ieraksti
These are some essential tips that every trader, be it new or advanced can make use of. You are right to point out that trading and emotions should not be clubbed together.
Biedrs kopš
21 ieraksti
Jan 06, 2021 at 10:04
Biedrs kopš
21 ieraksti
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 😄
Experience is the hardest teacher because she gives the test first, the lesson afterward.
Biedrs kopš
219 ieraksti
Jan 06, 2021 at 10:18
Biedrs kopš
219 ieraksti
Great tips. These definitely work when setting your trading journey.
The more your practice, the more you learn.
Biedrs kopš
78 ieraksti
Jan 06, 2021 at 11:07
Biedrs kopš
78 ieraksti
When starting to trade, you should determine how much of your own money you are willing to risk and how much profit you expect.
Biedrs kopš
4 ieraksti
Jan 06, 2021 at 13:11
Biedrs kopš
4 ieraksti
A beginner needs to be prepared to take the time to learn how to trade. You need to understand how the exchange works.
*Spams netiks pieļauts, un tā rezultātā var slēgt kontu.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.