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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 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 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 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 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 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 at 06:47
446 комментариев
Profit is important. However, new traders should focus on learning rather than making more profit.

mitchelmarsh008
Mar 24 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 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

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