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New trader looking for your help!

JohnGallagher
Oct 09 2022 at 09:46
5 комментариев
Guys,

Good afternoon! I'm a new trader. I have been searching for a legitimate method to earn some quick money. Can you please help me to do that?

I will wait for your further reply. Thank you so much!
giannis CH (giannis)
Oct 09 2022 at 18:20
20 комментариев
You need to have money to earn money
leo23
Oct 10 2022 at 09:39
702 комментариев
JohnGallagher posted:
Guys,

Good afternoon! I'm a new trader. I have been searching for a legitimate method to earn some quick money. Can you please help me to do that?

I will wait for your further reply. Thank you so much!

If you are looking for some quick money, then forex trading is not for you. In forex, it is easy to loose money quickly, but not easy to make money quickly.

You may need to educate yourself for at least for 1 to 2 years by getting yourself familiarize with the basic concepts of forex market and how it works and how trading platforms work etc, before you actually start making some money.

But based on my 15 years of experience, I can give you some quick tips:
1.Never try to expect or make profit more than 5% to 10% per month if you are trading manually. You may get more return sometimes in few months, but trying to maintain your return more than that for ever may ultimately blow up your entire account balance at some point in time in future.

2.To start quickly, always stick to Daily timeframe for trading and not any lower timeframes. Pick up a trading strategy which can work in daily timeframe and practice trading first in a DEMO account or use a strategy tester for testing your trading strategy.

3.Try to use a semi-automated kind of system which can speed up the learning process in forex. You can learn from the trading system while it is trading for you and you can watch the trades in LIVE to learn directly from it and keep a check on the system trading times etc.

4.Don't take high risk in REAL money accounts. Either use a cent REAL account or use a relatively good account balance more than 2000 USD or more and use smaller lots of 0.01 lot. I mean don't use more than 1% to 5% per trade with a relatively large stop losses.
Nathanael Oswald (tomoswald)
Oct 10 2022 at 09:57
8 комментариев
Yes, agree with this latest reply. Please take this as a piece of good advice.
“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in a one-night stand a romantic.” – Warren Buffett
Pdr2022
Oct 10 2022 at 11:38
1 комментариев
YOU INDEED NEED TO EDUCATE YOURSELF IF YOU WANT TO BE A GOOD & INDEPENDENT TRADER FOR 1/2 YEAR BUT WITH FX YOU CAN MAKE QUICK MONEY ... SCALPING OR INTRADAY TRADING ...YOU CAN USE ANY OF THE WAYS OF TRADING
JohnGallagher
Oct 11 2022 at 01:24
5 комментариев
giannis posted:
You need to have money to earn money
Yeah, I am ready to invest money if needed. Thanks for your reply.
JohnGallagher
Oct 11 2022 at 01:25
5 комментариев
leo23 posted:
JohnGallagher posted:
Guys,

Good afternoon! I'm a new trader. I have been searching for a legitimate method to earn some quick money. Can you please help me to do that?

I will wait for your further reply. Thank you so much!

If you are looking for some quick money, then forex trading is not for you. In forex, it is easy to loose money quickly, but not easy to make money quickly.

You may need to educate yourself for at least for 1 to 2 years by getting yourself familiarize with the basic concepts of forex market and how it works and how trading platforms work etc, before you actually start making some money.

But based on my 15 years of experience, I can give you some quick tips:
1.Never try to expect or make profit more than 5% to 10% per month if you are trading manually. You may get more return sometimes in few months, but trying to maintain your return more than that for ever may ultimately blow up your entire account balance at some point in time in future.

2.To start quickly, always stick to Daily timeframe for trading and not any lower timeframes. Pick up a trading strategy which can work in daily timeframe and practice trading first in a DEMO account or use a strategy tester for testing your trading strategy.

3.Try to use a semi-automated kind of system which can speed up the learning process in forex. You can learn from the trading system while it is trading for you and you can watch the trades in LIVE to learn directly from it and keep a check on the system trading times etc.

4.Don't take high risk in REAL money accounts. Either use a cent REAL account or use a relatively good account balance more than 2000 USD or more and use smaller lots of 0.01 lot. I mean don't use more than 1% to 5% per trade with a relatively large stop losses.
Yeah, I am also agree with you here. I know it will take some time. Basically, I have to learn first and then go for earning. I see that some of the platforms are selling paid and free courses. How they are? Should I take a look at those?
JohnGallagher
Oct 11 2022 at 01:26
5 комментариев
tomoswald posted:
Yes, agree with this latest reply. Please take this as a piece of good advice.
Definitely, I will. Thank you so much!
JohnGallagher
Oct 11 2022 at 01:26
5 комментариев
Pdr2022 posted:
YOU INDEED NEED TO EDUCATE YOURSELF IF YOU WANT TO BE A GOOD & INDEPENDENT TRADER FOR 1/2 YEAR BUT WITH FX YOU CAN MAKE QUICK MONEY ... SCALPING OR INTRADAY TRADING ...YOU CAN USE ANY OF THE WAYS OF TRADING
Trying to educate myself from different sources. Thanks for your honest suggestions.
Nathanael Oswald (tomoswald)
Oct 12 2022 at 00:48
8 комментариев
JohnGallagher posted:
Guys,

Good afternoon! I'm a new trader. I have been searching for a legitimate method to earn some quick money. Can you please help me to do that?

I will wait for your further reply. Thank you so much!

As a new trader, you should consider limiting your leverage to a maximum of 10:1. Or to be really safe, 1:1. Trading with too high a leverage ratio is one of the most common errors made by new forex traders. Until you become more experienced, we strongly recommend that you trade with a lower ratio.
“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in a one-night stand a romantic.” – Warren Buffett
leo23
Oct 12 2022 at 01:54
702 комментариев
JohnGallagher posted:
leo23 posted:
JohnGallagher posted:
Guys,

Good afternoon! I'm a new trader. I have been searching for a legitimate method to earn some quick money. Can you please help me to do that?

I will wait for your further reply. Thank you so much!

If you are looking for some quick money, then forex trading is not for you. In forex, it is easy to loose money quickly, but not easy to make money quickly.

You may need to educate yourself for at least for 1 to 2 years by getting yourself familiarize with the basic concepts of forex market and how it works and how trading platforms work etc, before you actually start making some money.

But based on my 15 years of experience, I can give you some quick tips:
1.Never try to expect or make profit more than 5% to 10% per month if you are trading manually. You may get more return sometimes in few months, but trying to maintain your return more than that for ever may ultimately blow up your entire account balance at some point in time in future.

2.To start quickly, always stick to Daily timeframe for trading and not any lower timeframes. Pick up a trading strategy which can work in daily timeframe and practice trading first in a DEMO account or use a strategy tester for testing your trading strategy.

3.Try to use a semi-automated kind of system which can speed up the learning process in forex. You can learn from the trading system while it is trading for you and you can watch the trades in LIVE to learn directly from it and keep a check on the system trading times etc.

4.Don't take high risk in REAL money accounts. Either use a cent REAL account or use a relatively good account balance more than 2000 USD or more and use smaller lots of 0.01 lot. I mean don't use more than 1% to 5% per trade with a relatively large stop losses.
Yeah, I am also agree with you here. I know it will take some time. Basically, I have to learn first and then go for earning. I see that some of the platforms are selling paid and free courses. How they are? Should I take a look at those?
It is absolutely not necessary to pay for any trading or training course. There are lots of free material available online.

It's my personal experience and others may have different opinion on this. I never paid to any training course so far, but still I am quite successful in forex trading so far.

Just try to learn and survive in the forex market during bad market conditions without blowing up the full account balance. Surviving in forex market and protecting the account balance is more important then making profit sometimes.

Because you will make profit if you have sufficient experience and a time may come when even if you will try to loose, then also you can't loose real money. Forex trading is like learning how to balance a bicycle while learning first time and once you learnt how to ride a bicycle, then even if you will try to fall from it, you can't fall easily.

Same way once you have sufficient experience, you may not be able to loose real money and once you gain that level of confidence, then you can be an overall successful trader even though learning will still continue. So balancing your overall profit and losses in long run is very important to be successful and don't expect any guaranteed return every week or every month etc. You need to consider at least a period of 6 months to 1 year to consider your trading performance on average.

That should be sufficient for you to start with for a new trader. Happy trading!!!!
Davidfx89
Oct 12 2022 at 05:46
201 комментариев
this forum is really supportive for the beginners , i hope you will enjoy this environment. happy trading
WhiteWitcher
Oct 12 2022 at 10:45
74 комментариев
Oh if you're newbie and want some quick money, try to invest. There are a lot of MAM and PAMM accounts where you invest and get the first profit almost after a month.
Wigout
Oct 13 2022 at 06:49
18 комментариев
It is not a get-rich-quick scheme. You should work your way up to learn more about the market, strategies, planning, and mindset. Only then you’ll be able to earn significantly in the forex trading world.
HeavenLeighGill (HeavLeighGill26)
Oct 21 2022 at 16:09
401 комментариев
If you're looking to make money through trading, I would say that it's going to take some time and probably won't be a quick solution. Plus, you need money to make money with trading, if you don't have money to invest then that isn't going to solve the problem in the short-term.

I would probably consider other options. What sort of skills do you have? Perhaps you could do in-person services (babysitting, cut grass, cleaning, etc.) for people you know or who live nearby. Or, go online and get into Freelance work. Fiverr is a good place to start.
Marcolis
Nov 10 2022 at 10:25
219 комментариев
Automated trading has drawn attraction of traders all around the world and traders don’t pay heed to the risk that EAs carry for them. Small investors should trade very carefully.
Seb King (sebking1986)
Nov 11 2022 at 11:57
538 комментариев
JohnGallagher posted:
Guys,

Good afternoon! I'm a new trader. I have been searching for a legitimate method to earn some quick money. Can you please help me to do that?

I will wait for your further reply. Thank you so much!

Depends on how much but check out Usertesting.com and stick with it. I make around $200 a month on average there. No up front cost. My wife makes about the same. Nothing mind-blowing but it helps. Also look into creating digital products you can sell. Can be low up front cost there too. But yeah generally if you want to make decent quick money you need money. Also trading is not it. So forget that right now.
If you can't spot the liquidity then you are the liquidity.
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