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When a trader is a newbie

SteveHanks
Mar 17 2021 at 18:38
536 postów
Every new trader should practice on a demo account before investing their money in this risky market.
Elena Triston (ele020)
Mar 18 2021 at 07:05
219 postów
Numeromatt posted:
blandpatsyy posted:
marktaylor posted:
blackChelsea posted:
I think a trader is still a newbie if he has no knowledge of the forex market although he is trading on call and trade. The real trader is the one who is trading on forex with his skills. The tag of newbie can only be removed with experience.
Yes, a skilled trader will surely benefit from the market and since they know how everything works, they can be at an advantage.
Yes but skills and perfection comes with practice. There is a whole process that a trader goes through, be it from learning the basics to familiarising with different aspects of the market. Like I’ve been stuck on this strategy (range trading) for some time and I’ve been practising on CMC Markets, Avatrade but the improvement is slow. It certainly takes a long time to actually be close to perfection when it comes to trading.
It is good that you decided to stick to a strategy and learn it properly first. Hope you get there soon!
yes,Its always the best thing to practice before investing chunks of capital, its a well defined fact, the more your practice the more you learn and this shouldn't be done in hurry. A newbie must take his time to cultivate his skills
The more your practice, the more you learn.
DanialWales
Mar 18 2021 at 12:30
17 postów
Every trader committed errors in trading. Most common error is they take impulsive decision to open a trade. They don't follow any rules. They don't have any risk management policy. The main problem is they don't study about market and trading. They try to copy some strategy.
richardmarcus
Mar 19 2021 at 04:36
104 postów
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.
Just go with the demo account and rest will follow
marioharmon
Mar 24 2021 at 10:38
15 postów
Yes, learning should be the first and the last step in trading and a newbie should focus on that.
anneyates
Apr 07 2021 at 10:50
14 postów
Learning is truly an important step in forex and every beginner should be aware of the process.
Mohammadi
Apr 08 2021 at 05:32
886 postów
new Forex trader always try to bring profit with no learning , its totally a wrong mentality. without learning there is no way of earning.
Tremblay
Apr 11 2021 at 17:20
330 postów
Mohammadi posted:
new Forex trader always try to bring profit with no learning , its totally a wrong mentality. without learning there is no way of earning.
Yes. that is the main problem of most of the new traders.
Adribaasmet
Apr 12 2021 at 08:42
994 postów
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
Akasuki
Apr 12 2021 at 13:06
532 postów
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.
Suradi (FXOday)
Apr 12 2021 at 21:30
328 postów
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
SteveHanks
Apr 14 2021 at 18:26
536 postów
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.
RobSchiz
Dec 05 2021 at 17:57
567 postów
SteveHanks posted:
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.
Yes. A demo is the best place to learn all the basics of forex properly.
Akasuki
Dec 06 2021 at 09:47
532 postów
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.
Chelsea Blacks (blackChelsea)
Dec 06 2021 at 11:08
125 postów
A newbie should start learning on demo with small lots, small lots teaches us the patience.
Shootinggrass
Dec 06 2021 at 12:46
9 postów
Newbie should also understand how long the journey could be. Becoming profitable can take years not weeks
Reece Rispoli (reece22)
Dec 06 2021 at 13:30
70 postów
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
kroxobor
Dec 09 2021 at 06:12
34 postów
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.
traderjakelong
Dec 09 2021 at 06:15
24 postów
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.
LucianVince
Dec 13 2021 at 05:49
34 postów
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.
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