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When a trader is a newbie
Biedrs kopš
875 ieraksti
Apr 12, 2021 at 08:42
when i was new in trading i was profitable in the demo but when start live trading result was completely different. actually we see lots of difference between demo and live
keeping patience.......
Biedrs kopš
586 ieraksti
Apr 12, 2021 at 13:06
A newbie should not think that for success in trading, it doesn't require much study and experience. Trading does require extensive knowledge and skills. And a newbie should work keeping that in mind.
Biedrs kopš
437 ieraksti
Apr 12, 2021 at 21:30
All trader came from newbie stage, although any trader they start to learn forex in the same time, but the achievement of trading result will different, there is a trader that has better speed in the learning process, but there is a trader with low speed in the learning process. as newbie use micro account is safer than standard account
Biedrs kopš
494 ieraksti
Apr 14, 2021 at 18:26
FXOday posted:
All trader came from newbie stage, although any trader they start to learn forex in the same time, but the achievement of trading result will different, there is a trader that has better speed in the learning process, but there is a trader with low speed in the learning process. as newbie use micro account is safer than standard account
Every newbie should start with a demo account.
Biedrs kopš
586 ieraksti
Dec 06, 2021 at 09:47
A newbie should focus on learning. Usually what happens new people don't want to spend time in learning. They come with a perception that making money in forex is easy.
Biedrs kopš
126 ieraksti
Dec 06, 2021 at 11:08
A newbie should start learning on demo with small lots, small lots teaches us the patience.
Biedrs kopš
9 ieraksti
Dec 06, 2021 at 12:46
Newbie should also understand how long the journey could be. Becoming profitable can take years not weeks
Biedrs kopš
67 ieraksti
Dec 06, 2021 at 13:30
Michihito posted:
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
Agree don’t rush into it and do plenty of research
Biedrs kopš
33 ieraksti
Dec 09, 2021 at 06:12
It is very important for a newcomer to at least know the basic aspects of trading. So that when he trades he does not not make random guesses, but has a logical reasoning about everything.
Biedrs kopš
24 ieraksti
Dec 09, 2021 at 06:15
Beginners should start by demo trading. This is where you trade with virtual money to get a feel for the market without risking any of your own funds. You can find demo trading accounts at your broker's website.
Biedrs kopš
34 ieraksti
Dec 13, 2021 at 05:49
A trader should first fully understand the forex market and what it can give and what you should expect. Do not approach the market with some silly expectations. Your earning gets better with time if your skills are on the track. New traders shouldn’t rush and allot time to learning from genuine resources, such as Babypips. After the basics, starting with demo trading is reasonable. If a new trader can build consistency on demo trading, then he is ready to trade live with small risks.
Biedrs kopš
63 ieraksti
Dec 13, 2021 at 07:42
One important advice for newbie is to start with demo first. You will get to know what you can do and what you cannot do in the trading, all thanks to demo trading.
Biedrs kopš
10 ieraksti
Dec 13, 2021 at 11:20
Practicing on a demo account is very helpful for beginners before jumping into live trading. After this, it's always advisable to start small on a micro account.
Biedrs kopš
742 ieraksti
Dec 16, 2021 at 14:04
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
Biedrs kopš
385 ieraksti
Dec 17, 2021 at 08:10
AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
It is so key to do this like doctors practice for months on cadavers and when they make a mistake they correct the technique they dont just hop into surgery and learn whilst performing
Biedrs kopš
516 ieraksti
Dec 17, 2021 at 13:44
I agree but most who come in don't want to look at trading like a profession and a degree to get to be proficient in that subject area. They look at it as a gamble, and just as they do with the bookies, they lose.
If you can't spot the liquidity then you are the liquidity.
Biedrs kopš
742 ieraksti
Dec 18, 2021 at 01:11
CraigMcG2020 posted:AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
It is so key to do this like doctors practice for months on cadavers and when they make a mistake they correct the technique they dont just hop into surgery and learn whilst performing
Accurate quote, Demo Platform is the artisan of creating successful traders. Where I can be successful if I trade seriously.
Biedrs kopš
494 ieraksti
Dec 19, 2021 at 19:43
AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
A demo is the best platform to practice and learn forex.
Biedrs kopš
742 ieraksti
Dec 20, 2021 at 20:01
SteveHanks posted:AliaDare posted:
Demo platform and trading practice is required as a new trader. Trading cannot be done without experience.
A demo is the best platform to practice and learn forex.
Well, it is easy to develop a strategy on the demo platform. So I think demo platform is for best trading practice.
Biedrs kopš
25 ieraksti
Dec 21, 2021 at 11:49
Imamul posted:
the new trader always try to bring more profit by using high leverage , its a very wrong decision , without no money management thats not possible at all to make profit by using high leverage.
I agree with you, every trader should know the two main strategies which are money management as well as risk management.
