Feb 16 2021 at 07:58
Like the way you put it Halex :)
@Halexpark Ya I agree, I would never advise anyone to start big. However my only bone of contention is these cheap brokers like xm, fxview who allow trading from even a dollar or 5? What justice is that gonna do? Trading with like $5 or $10 won’t even enable learning from price fluctuations as the swings won’t be visible.
Feb 17 2021 at 14:46
@forextrader777 That makes all the sense in the world.. sadly, newbies are also the first to fall prey to some brokers with hidden costs in the form of varying spreads that can go really high. Just curious... which broker did you start off with?
Lorencecolling posted:Even I feel that demo trading is a great way of knowing whether a broker is worth your needs or not. And the best part is that the choices are not limited. You can always find a broker of your choice. You don’t need to settle for just anything.
Yes Jake, the demo accounts do give an idea of the live ones. The market data is real.
Feb 18 2021 at 06:58
@Kroolsc Learning is not enough for a new trader. They need to do some practice (preferably on a demo account) to test what they have learnt so far. This can prepare them for some typical situations.
Feb 23 2021 at 10:02
I have been thinking about demo trading but after I read a few negative reviews about it, I never used it. But I think I should give it a try.
advancedsmifser posted:demo trading in? are you talking about just demo trading or with broker?
I have been thinking about demo trading but after I read a few negative reviews about it, I never used it. But I think I should give it a try.
Feb 23 2021 at 13:24
advancedsmifser posted:There will always be both negative and positive reviews. It is up to you what you want to believe. You better give demo trading a chance and then make your decision rather than depending solely on what others believe.
I have been thinking about demo trading but after I read a few negative reviews about it, I never used it. But I think I should give it a try.
Feb 24 2021 at 04:51
Fabiandelph842 posted:Ya, different brokers suit different types of traders. You will have to do your own research and testing to find a suitable broker for your needs. You can check their features and see whether they match what you are looking for.advancedsmifser posted:There will always be both negative and positive reviews. It is up to you what you want to believe. You better give demo trading a chance and then make your decision rather than depending solely on what others believe.
I have been thinking about demo trading but after I read a few negative reviews about it, I never used it. But I think I should give it a try.
Feb 24 2021 at 12:34
leeson12 posted:I don’t understand...demo trading IS done through a broker right? How else does one do it?advancedsmifser posted:demo trading in? are you talking about just demo trading or with broker?
I have been thinking about demo trading but after I read a few negative reviews about it, I never used it. But I think I should give it a try.
Feb 25 2021 at 05:54
jamesmaxwell52 posted:Large investments as a beginner might also mean big losses that may dishearten you as a trader. So, it’s better to keep the investments low and save yourself from unnecessary losses.
I don’t think that a new trader should go for large investments in the beginning. You must wait for some time until you obtain enough knowledge to manage your investments and prevent risks.
Feb 25 2021 at 06:38
Garyneville221 posted:I completely agree with you on thisjamesmaxwell52 posted:Large investments as a beginner might also mean big losses that may dishearten you as a trader. So, it’s better to keep the investments low and save yourself from unnecessary losses.
I don’t think that a new trader should go for large investments in the beginning. You must wait for some time until you obtain enough knowledge to manage your investments and prevent risks.
Feb 25 2021 at 07:24
Garyneville221 posted:So true. It can be very useful if you can also learn how to do money and risk management.jamesmaxwell52 posted:Large investments as a beginner might also mean big losses that may dishearten you as a trader. So, it’s better to keep the investments low and save yourself from unnecessary losses.
I don’t think that a new trader should go for large investments in the beginning. You must wait for some time until you obtain enough knowledge to manage your investments and prevent risks.
Feb 25 2021 at 12:49
robindude posted:Any tips would be helpful, I am as it is not risking more than 1%Garyneville221 posted:So true. It can be very useful if you can also learn how to do money and risk management.jamesmaxwell52 posted:Large investments as a beginner might also mean big losses that may dishearten you as a trader. So, it’s better to keep the investments low and save yourself from unnecessary losses.
I don’t think that a new trader should go for large investments in the beginning. You must wait for some time until you obtain enough knowledge to manage your investments and prevent risks.
Feb 26 2021 at 04:49
It’s good that you are aiming at making great profits in the forex market. But if you focus solely on making money, you won’t get what you want. It is your skills that get you profits in the long run.
Feb 26 2021 at 05:19
PercymcDonnell54 posted:rightly said
It’s good that you are aiming at making great profits in the forex market. But if you focus solely on making money, you won’t get what you want. It is your skills that get you profits in the long run.
Feb 27 2021 at 12:06
Garyneville221 posted:Yes, it is smart to start small and keep the investments low in the beginning. Also a good idea to risk a small percent of your trades to stay in sync with risk management.jamesmaxwell52 posted:Large investments as a beginner might also mean big losses that may dishearten you as a trader. So, it’s better to keep the investments low and save yourself from unnecessary losses.
I don’t think that a new trader should go for large investments in the beginning. You must wait for some time until you obtain enough knowledge to manage your investments and prevent risks.
Feb 27 2021 at 17:29
PercymcDonnell54 posted:In my opinion, traders should focus on learning rather than making money.
It’s good that you are aiming at making great profits in the forex market. But if you focus solely on making money, you won’t get what you want. It is your skills that get you profits in the long run.
Mar 01 2021 at 09:58
Some newbies only look at profits which is not at all a good thing to begin with. Focusing on developing new skills and learning new things about forex is the way to go. Just looking at profits and money can be dangerous for them.
Mar 01 2021 at 11:56
You don’t have to compromise with the profit margins when you clearly have the option to switch your broker. Just pick one with a lower transaction fee and you’ll be fine.
