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New Trader
Členom od Aug 11, 2017
886 príspevkov
Mar 17, 2021 at 08:18
Členom od Aug 11, 2017
886 príspevkov
for new trader to open a micro account is a very good source to see the broker performance how it works. so all beginners should follow the rules
Členom od Aug 09, 2017
785 príspevkov
Mar 17, 2021 at 09:18
Členom od Aug 09, 2017
785 príspevkov
i dont support any kind of live trading for the traders who are particularly newcomers. because this approach can make beginners emotional and greedy.
Členom od Feb 04, 2021
31 príspevkov
Mar 17, 2021 at 11:42
Členom od Feb 04, 2021
31 príspevkov
Imamul posted:Agree with you. Beginners should do demo trading for a few months so that they gain familiarity with the platform and when they have gained some confidence they can go live.
i dont support any kind of live trading for the traders who are particularly newcomers. because this approach can make beginners emotional and greedy.
Členom od Jul 19, 2020
298 príspevkov
Mar 17, 2021 at 11:55
(upravené Mar 17, 2021 at 11:56)
Členom od Jul 19, 2020
298 príspevkov
Practice makes a man perfect. It's true. But we need to practice in a systematic way. In demo most people do random trading. But we should actually develop our system in demo.
Členom od Mar 17, 2021
536 príspevkov
Mar 17, 2021 at 18:40
Členom od Mar 17, 2021
536 príspevkov
PeteLanceley posted:Yes. I agree with you. every new trader should practice on a demo account before starting live trading.
Make sure that you practice on demo until you are confident.
You can learn on sites such as YouTube, or Babypips for free.
Členom od Apr 01, 2020
231 príspevkov
Mar 18, 2021 at 01:46
Členom od Apr 01, 2020
231 príspevkov
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Členom od Apr 15, 2020
219 príspevkov
Mar 18, 2021 at 07:00
Členom od Apr 15, 2020
219 príspevkov
dalbamou posted:I agree with your advise.
Hi Paulo, my advice is not to use bots to 'scalping', brokers do not like it and you will end up losing money. Try to look for short / medium term bots, which have at least 20 pips of profit.
The more your practice, the more you learn.
Členom od Apr 14, 2019
10 príspevkov
Mar 18, 2021 at 14:14
Členom od Apr 14, 2019
10 príspevkov
Dictiony posted:
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Welcome to the forex world. Speaking on experience and please have an open mind.
Focus more on the psychological aspect. Suprising trading is extremely simple, we as humans complicate it beyond belief. A quick babypips course is enough along side some tweak as time goes on to your trading method.
Also regarding demo accounts. Use these to test and get used to placing orders. Such as how different order types work such as limit and market orders, stop loss and take profit. Once your confident 'go live' with real money. Preferable with a cent account. $10 gets you 1000c and trade that as it will train your psyche which is the most important factor in my opinion.
Hope this helps
Consistency Starts Here
Členom od Apr 01, 2020
231 príspevkov
Mar 19, 2021 at 01:51
Členom od Apr 01, 2020
231 príspevkov
As a new trader, you should do your trade manually and not use robots.
Členom od Apr 14, 2019
10 príspevkov
Mar 19, 2021 at 10:28
Členom od Apr 14, 2019
10 príspevkov
Dictiony posted:
As a new trader, you should do your trade manually and not use robots.
Of course, you are correct.
A. robot wont gain you any experience in the markets.
Consistency Starts Here
Členom od Jul 23, 2020
869 príspevkov
Mar 19, 2021 at 17:42
Členom od Jul 23, 2020
869 príspevkov
Dictiony posted:Right. I also agree. New traders should know the market first before auto trading.
As a new trader, you should do your trade manually and not use robots.
Členom od Jul 19, 2020
751 príspevkov
Mar 20, 2021 at 12:38
Členom od Jul 19, 2020
751 príspevkov
I think first they should focus on learning. Most newbies start to run for strategy. They ignore the fact that for successful trading one needs deep knowledge and understanding of the market.
Členom od Mar 16, 2021
477 príspevkov
Mar 21, 2021 at 02:32
Členom od Mar 16, 2021
477 príspevkov
dalbamou posted:Yes, I agree with you. I use any strategy but if I can't implement that strategy properly on the platform, it has no value.
Hi Paulo, my advice is not to use bots to 'scalping', brokers do not like it and you will end up losing money. Try to look for short / medium term bots, which have at least 20 pips of profit.
Členom od Jul 19, 2020
788 príspevkov
Mar 21, 2021 at 17:16
Členom od Jul 19, 2020
788 príspevkov
Dictiony posted:Yes, your idea is correct. I think it is never possible to survive in trading without knowledge. New traders will therefore have to gain experience by practicing the demo first.
As a newbie trader, you must gain knowledge first, and after it starts trading with a demo account to get some good experience.
Členom od Apr 25, 2020
119 príspevkov
Mar 22, 2021 at 14:30
Členom od Apr 25, 2020
119 príspevkov
Beginners need to be extremely attentive enough and grasp all the information.
Členom od Mar 16, 2021
477 príspevkov
Mar 24, 2021 at 01:04
Členom od Mar 16, 2021
477 príspevkov
Beginner traders should acquire trading education attentively. If trading education is not achieved properly, making a profit will be much more complicated.
Členom od May 27, 2021
64 príspevkov
Sep 28, 2021 at 11:20
Členom od May 27, 2021
64 príspevkov
'Learn and Earn' is the biggest rule of thumb of this forex market.
Členom od Jul 19, 2020
788 príspevkov
Sep 29, 2021 at 15:24
Členom od Jul 19, 2020
788 príspevkov
WaltonCharles posted:Of course, education is very important in trading. You can't survive in this market without knowledge.LukeRachel posted:Education is the mandatory thing in this market to make money.
Beginner traders should acquire trading education attentively. If trading education is not achieved properly, making a profit will be much more complicated.
Členom od Mar 16, 2021
477 príspevkov
Sep 29, 2021 at 15:57
Členom od Mar 16, 2021
477 príspevkov
Alexthetrader posted:Yes, it is the responsibility of every trader to acquire trading education.
'Learn and Earn' is the biggest rule of thumb of this forex market.
Členom od Aug 21, 2021
61 príspevkov
Oct 07, 2021 at 09:17
Členom od Aug 21, 2021
61 príspevkov
A new trader's first step is to learn about the forex market and consider demo trading the key of practising.
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