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newcomers trading habit

Joz8
Feb 02 at 11:37
102 postów
Sarjohn posted:
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.

Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?

Femilas
Feb 05 at 08:30
30 postów
You are right, this is all individual, but roughly they offer, I recommend trading for about 2 - 3 months on a demo account.

gildlef
Feb 05 at 10:30
27 postów
Having a proper risk management plan is something every trader should work on. No matter if they are new or advanced.

TradeHut
Feb 09 at 08:17
31 postów
Newcomers should have sufficient knowledge of Forex and the most important factor required is patience.

Mitchelmarss
Feb 25 at 10:26
29 postów
TradeHut posted:
Newcomers should have sufficient knowledge of Forex and the most important factor required is patience.

Absolutely right. Few traders fail to realize that success takes time and often fall prey to their own impatience. It could either be a rough environment, market volatility, or charts could be hard to read, the wise decision would be to back off and forget about it.

Shelby10
Feb 25 at 10:45
140 postów
New traders should make proper plan before starting the trading.

Jamespaul
Feb 25 at 11:56
24 postów
Yeah and even entering and exiting the trade at the right moment is something that requires a lot of patience. Waiting for the right trade opportunities is something that traders find difficult. This is the reason why practicing demo account trading is suggested. There are reliable brokers out there like xm and fxview with good platforms. See if these suit you and invest some time instead of wasting your money.

PercymcDonnell54
Feb 26 at 04:47
23 postów
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?

Jamespaul
Feb 26 at 12:11
24 postów
PercymcDonnell54 posted:
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?

See now that’s the idea, you needn’t rush into bad currency trades. If they don’t come up in that particular session, there’s always next. It’ll be worth the wait and patience.

Sarjohn (Sarjohn)
Mar 08 at 11:00
166 postów
Joz8 posted:
Sarjohn posted:
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.

Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?

Yes it totally depends upon the trader i traded almost 5 months on a demo account before going to a live account.

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