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Newbie looking for guidance and support

Apr 29, 2020 at 13:14
3,560 Views
74 Replies
Nov 30, 2020 at 11:30
Every new trader should learn all the basics of forex before entering into this risky market. Without knowledge, they can not survive in the market.
Biedrs kopš   25 ieraksti
Mar 16, 2021 at 09:25
I completely agree with you, in order to really reach a decent level, you need to spend in this area and practice every day for at least six months.
Biedrs kopš   219 ieraksti
Mar 16, 2021 at 09:53 (labots Mar 16, 2021 at 09:54)
mawao123 posted:
Hello,

i am just starting out doing a few practice runs on a demo account and learning through you tube.

Could any suggest further information and resources? Is it possible to get a coach and if so where should i look? Could paid signals be worth while?

Thank youi
You shouldn't be following any signal until and unless you have enough basic knowledge regarding the market, fundamental and technical analysis. Its better to spare some time on learning the key concepts of trading analysis.
The more your practice, the more you learn.
Biedrs kopš   536 ieraksti
Mar 19, 2021 at 06:47
Profit is important. However, new traders should focus on learning rather than making more profit.
Biedrs kopš   9 ieraksti
Mar 29, 2021 at 12:33
WaltonCharles posted:
Demo account is the best place to learn. You can test your knowledge in trading for free.


I support that. demo is king for learning
Biedrs kopš   5 ieraksti
Mar 29, 2021 at 13:52
Trading on demo accounts can teach you the mechanics of entering and managing trades, but imho you can't learn money management with a demo account. That requires handling real (and sometimes losing) real money.
ABS - Always Be Scanning!
Apr 06, 2021 at 09:55
No matter who you choose to be your guide or mentor in forex, try to be careful and try not to trust just anyone out there.
Apr 06, 2021 at 18:00
Practice demo first. Don’t invest money or real trading without proper knowledge.
Apr 07, 2021 at 15:57
Try to trade for a while in the demo and learn the proper way of trading.
Biedrs kopš   21 ieraksti
Apr 15, 2021 at 09:46
I think it's important to Invest real money from the start.losing small and large amounts will help you train your mindset. even with the best strategy you will lose money in fx at some stage, make sure you have already been through it a few times before it comes
Biedrs kopš   12 ieraksti
Apr 20, 2021 at 10:30
That is great and you can also take a few courses and learn it from the scratch. Good luck to you.
Biedrs kopš   219 ieraksti
Apr 26, 2021 at 04:23
WOTMAN_ posted:
I think it's important to Invest real money from the start.losing small and large amounts will help you train your mindset. even with the best strategy you will lose money in fx at some stage, make sure you have already been through it a few times before it comes
I believe till the time you are working on basics,, there is no need to invest capital...
The more your practice, the more you learn.
Biedrs kopš   536 ieraksti
May 29, 2021 at 17:23
martyandrews posted:
That is great and you can also take a few courses and learn it from the scratch. Good luck to you.
Without proper learning, A trader can face a great loss.
Biedrs kopš   9 ieraksti
Jul 02, 2021 at 08:03
Just to give everyone an update. Since i posted this question almost a year ago i have tried several methods but havs settled for price action. Very little use of indicators if i am honest.

Each person will discover their own style when they get into it. Both have merits i guess.

I am on my way to a funded account now.

Thank you.
Jul 11, 2021 at 10:20
the beginners level for all time ignore the demo account but in practical demo is the master place place to become a knowledgeable trader very rapidly.
Biedrs kopš   536 ieraksti
Jul 13, 2021 at 10:26
Make a good plan to survive in this market.
Biedrs kopš   13 ieraksti
Jul 19, 2021 at 20:25
There are many things that can help a beginner to have fewer stumbling blocks in the trader's walk.

The beginner needs to compare himself to a child who is learning to walk, he does not know what it is like to walk, what it feels like to walk, or where to start learning to walk. She just watches people walking, and she believes she can walk too.
The difference between a child learning to walk and a trader is that walking is instinctive, sooner or later the child will learn, while trading in the market is counterintuitive. Then it will be necessary for the operator to force himself to acquire this knowledge.
Biedrs kopš   13 ieraksti
Jul 19, 2021 at 20:30
In this case, without even knowing it, it will use resources to start walking, it will lean on the wall, it will observe other walks, and it will fall many times...
Biedrs kopš   13 ieraksti
Jul 19, 2021 at 20:32
So there are some very important points to cut this short.
Biedrs kopš   13 ieraksti
Jul 19, 2021 at 20:33
1 - Being close to those who have a result in the trade (swing, position, day trade), result that is possible reliable verification.
2 - Learn the math of the market (what is the theory, fundamentals and how it works)
3 - Understand what the market demands from the operator (what is the competence that this operator needs to stay in the market)
4 - Stay away from a real account until you understand these previous steps, because until you understand this, the only thing that a real account will help you is taking your money.
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