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Newbie looking for guidance and support

saurabhsuman003 (saurabhsuman003)
Aug 27 2020 at 20:43
35 комментариев
@mawao123 and others.


Those who know trading, trade. Those who don't, teach others.

I have not read other's comments, but my point is just study from online materials, youtube is BS, Signals are BS, Copy trading is a nice way to diversify risk but not in initial stages.
And demo acc is a nc way to start but don't spent too much time on it or it looses its purpose. You can open a 20$ mini acc and keep trading on 0.01 lots instead of mini. you might loose it all a few times but thats just a part of learning. we have all blown a few accounts in past, but thats what makes us experienced enough to trade and help others.

do ask more if you can tell how you trade and how have you learnt.

Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
GeorgeBischof
Nov 30 2020 at 11:30
318 комментариев
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.

Tremblay
Mar 15 2021 at 18:43
330 комментариев
Money management is very important in forex trading. You should have clear idea of how much risk you are taking. You also need to have idea of your trade winning percentage. Otherwise trading is just like gambling.

DanialWales
Mar 15 2021 at 19:28
17 комментариев
It looks simple but in practical it's not that simple. Even a trader with good strategy can not make consistent profit because of psychological barriers. So it needs time to achieve discipline.

Quange
Mar 16 2021 at 09:25
25 комментариев
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.

Elena Triston (ele020)
Mar 16 2021 at 09:53
219 комментариев
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.
Tremblay
Mar 18 2021 at 11:32
330 комментариев
ele020 posted:
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.

Following signals is a bad idea if you want to really learn the art of trading. Signals will make you more unstable as a trader. For trading psychology plays an important role. Subscribing to this kind of service while you are learning may harm you. Better to learn first and trade of your own. Hope it helps you. P.S Such signal service doest exist

SteveHanks
Mar 19 2021 at 06:47
530 комментариев
Profit is important. However, new traders should focus on learning rather than making more profit.

mitchelmarsh008
Mar 24 2021 at 07:59
21 комментариев
Tremblay posted:
Money management is very important in forex trading. You should have clear idea of how much risk you are taking. You also need to have idea of your trade winning percentage. Otherwise trading is just like gambling.

If one person is good at managing what he or she earns, he can get himself good returns and save it for the future.

Marshshaun
Mar 25 2021 at 07:57
31 комментариев
I try very hard to manage what I earn but I think I need to enroll into meditation classes. Else I will lose everything very so

mitchelmarsh008
Mar 26 2021 at 05:27
21 комментариев
Marshshaun posted:
I try very hard to manage what I earn but I think I need to enroll into meditation classes. Else I will lose everything very so

Lol. No you don’t need meditation classes. You just need to manage your risks. Keep your risk/reward ratio to approx 1:3. I have managed my risks and money this way only. I get live risk reports from ActTrader and it has many other risk management options too. Apart from, FXTM is also good with managing your risks and having good automated trading features.

WaltonCharles
Mar 28 2021 at 19:15
132 комментариев
Demo account is the best place to learn. You can test your knowledge in trading for free.

hoagsobject
Mar 29 2021 at 12:33
9 комментариев
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

Greg Amos (Greggo45)
Mar 29 2021 at 13:52
5 комментариев
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.

WaltonCharles
Mar 31 2021 at 13:30
132 комментариев
Greggo45 posted:
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.

Yes. Demo account is the best way to learn forex properly.

Tremblay
Mar 31 2021 at 15:32
330 комментариев
WaltonCharles posted:
Demo account is the best place to learn. You can test your knowledge in trading for free.

I completely agree with you. Without a demo account it will be quite difficult to learn forex.

suzannewallace
Apr 06 2021 at 09:55
12 комментариев
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.

SofieAndreasen
Apr 06 2021 at 18:00
736 комментариев
Practice demo first. Don’t invest money or real trading without proper knowledge.

LyudmilLukanov
Apr 07 2021 at 15:57
735 комментариев
Try to trade for a while in the demo and learn the proper way of trading.

Tremblay
Apr 15 2021 at 08:53
330 комментариев
WaltonCharles posted:
Demo account is the best place to learn. You can test your knowledge in trading for free.

Yes. a demo can help a trader to practice and learn many new things.

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