Beginner's Tips

Dec 24, 2018 at 15:09
12,328 Views
238 Replies
Biedrs kopš   2 ieraksti
Nov 03, 2019 at 07:43
Steveday1976
Small amounts like $10 ?
Nov 03, 2019 at 09:27
1Daniel posted:
Steveday1976
Small amounts like $10 ?

Trade on demo with the broker you plan on trading live with.
The reason being that you want your Demo and Live conditions to be as close to each other as possible.
For small trading amounts such as $10.00, this is possible if your broker supports Cent accounts or other accounts which allow smaller than 0.01 (1000 units) in lot sizes.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Biedrs kopš   785 ieraksti
Nov 03, 2019 at 17:15
only randomly trading not means casino ,  to bring profit from casino is also a great skill but we don't support this skill , because its not legal , trading and casino there is no different if we greedy and emotional. so, we have to controlled our bad trading habits by discipline. 
Nov 04, 2019 at 07:51
Imamul posted:
only randomly trading not means casino ,  to bring profit from casino is also a great skill but we don't support this skill , because its not legal , trading and casino there is no different if we greedy and emotional. so, we have to controlled our bad trading habits by discipline. 

Incorrect.

Randomly picking BUY or SELL is a coin flip entry technique. Random trading DOES mean casino style trading.

Casino style trading is NOT illegal.

Emotions have no place in trading.

Through automated systems it is trivial to manage the trades once they have been created.

Use a reasonable and realistic stoploss and a reasonable and realistic takeprofit targets,

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Biedrs kopš   57 ieraksti
Nov 04, 2019 at 11:13
1Daniel posted:
Steveday1976
Small amounts like $10 ?
Yes some brokers do allow small deposits like this. I would recommend starting with a bit more if possible.
Biedrs kopš   57 ieraksti
Nov 05, 2019 at 11:26
expkhaled posted:
It you want right mind set the just trade with Demo as long as you can. Bcz you can find traders primary level from demo. And gather knowledge step by step and use it in demo. Hopefully within 2 yrs you will find a way to trade. When you are learner about forex plz away from real trade.
I think most trader accept that it takes a couple of years to master.
Biedrs kopš   39 ieraksti
Nov 07, 2019 at 05:58
Roberto21 posted:
discipline not only a human habit it also a character , to be experienced in discipline we have to be mentally strong first of all, otherwise no way to maintain
Yes true. It is very important to become mentally tough in order to become a discipline trader.
Nov 13, 2019 at 23:02
Lots of good advice on here. I’d throw in money and risk management into the mix. Number one thing I always tell new traders :)
Winning...
Biedrs kopš   45 ieraksti
Nov 21, 2019 at 10:59
once you have a proper understanding of how the market works, you’ll need to decide on the kind of trade want to do. The next decision you’ll need to make is choosing the right broker or brokerage firm through which you’ll access the markets. The broker you choose will have a direct influence on the kind of securities you’ll be able to trade, the kind of trading tools you’ll have at your disposal, how much money you’ll pay in fees, and the kind of final returns you can expect on your trades.
Revenue is vanity, profit is sanity, but cash is king
Biedrs kopš   886 ieraksti
Nov 22, 2019 at 15:09
right now honestly speaking learning is not a tough game , in online lots of souses are available and all of is free , you also can take baby pips school if you want.
Biedrs kopš   785 ieraksti
Nov 25, 2019 at 08:51
for beginners 1:50 best leverage for avoiding unfortunate loss and risk. before using in live we should use it in demo to see the performance how it works.
Biedrs kopš   886 ieraksti
Nov 28, 2019 at 08:50
for beginners education in Forex is very easy , pips school free for beginners but difficult to keep continue , mostly lost interest after passing sometime. so it is more appropriate to keep discipline when learning.
Biedrs kopš   60 ieraksti
Dec 10, 2019 at 06:45
One thing about demo account is that it helps you to understand your trading strategy...with correct one, it can show you positive output of your trading journey
Another thing is do not be dishearten if you are not making profit..it happened, infact loss are the best teacher to grow your knowledge.. Keep your heads up and try your best with prepared risk management
Biedrs kopš   886 ieraksti
Dec 13, 2019 at 09:41
We loss for many reasons , one of the most common reason is immature trading plan or target , this approach always make us emotional and greedy , as a result we trade here at random and become loser . we it is more appropriate to make trading plan according to practical situations.
Biedrs kopš   785 ieraksti
Dec 14, 2019 at 08:53
we beginners should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.
Biedrs kopš   3 ieraksti
Dec 17, 2019 at 03:24
Thanks I'm new to this site as well and glad to see something so informative right off the bat. I'm going to get ready to study and start making a run at FX I hope soon.
No gamble no future
Biedrs kopš   785 ieraksti
Dec 17, 2019 at 06:49
Demo trading the first of trading in Forex , but Honestly speaking I have never used this trading place when I was a newbie. Because I was bored in here. I studied in Pips School and besides this i was in live account with small balance. It worked greatly instead of demo account.
Kalamo
forex_trader_538373
Biedrs kopš   108 ieraksti
Dec 19, 2019 at 01:09
When trading Forex you definitely need to know where are the daily, weekly and monthly pivots, supports and resistances of the currencies that you are trading. Without having these on your charts is like trading blind. Always draw you Fibonacci retracements for extra help.

You must then try to identify the market direction on larger time frames and trade with good money management. Also beware of the economic news as some of them have a huge impact on the currencies.

Don't ever think you can trade a make money on Forex by doing it from a smartphone...
Biedrs kopš   886 ieraksti
Dec 21, 2019 at 09:20
in demo traders trade at random most of the time , because there is no emotions . but in live no way to avoid emotions when trading.
Biedrs kopš   785 ieraksti
Dec 21, 2019 at 10:17
beginners love to reed trading books. the bookish knowledge we acquire from reading a book , practically not works when trading in live. we should practice more and more.
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