When a trader is a newbie
Členom od Jan 22, 2021
125 príspevkov
Mar 27, 2022 at 05:27
Newbie must have a clear understanding of forex calculations. Other things like indicators and price action comes later in the journey. With calculation I mean, what should be RR and position size. And one last thing is newbie should never forget that se/he is new to the market.
Členom od Mar 27, 2022
3 príspevkov
Mar 27, 2022 at 06:14
Michihito posted:
When a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
Yes, Learning is very important for every newbie traders.
Členom od Apr 03, 2021
470 príspevkov
Mar 27, 2022 at 22:57
I think all professional traders come from beginners, there is no existence the beginner trader suddenly becomes professional traders without experience, if exist maybe they only want to scam people with his fashion, in forex trading, experience is a valuable lesson and the best teacher for of all us.
Členom od Aug 21, 2021
61 príspevkov
Mar 28, 2022 at 05:03
A new trader should focus on learning and enhancing the skills, lack of knowledge can become a poison to his trading journey.
Členom od Mar 11, 2022
51 príspevkov
Mar 28, 2022 at 09:15
When you are a newcomer, you should put your complete focus on learning skills. Nobody makes money in forex instantly. If you keep working on your skills, you will see the results slowly.
Členom od Sep 03, 2021
9 príspevkov
Mar 28, 2022 at 11:26
Same with anything in life. It shocks me that people think forex is easy. Nothing rewarding in life is easy
Členom od Feb 15, 2022
219 príspevkov
Mar 29, 2022 at 04:21
Thousands of traders are joining Forex every day to quench their financial demand. But maximum traders are failing on a regular basis and leaving trading as well. This is because most of the traders don’t undertake the right approach. So traders should be devoted to trading to bring out the best.
Členom od Aug 21, 2021
61 príspevkov
Mar 31, 2022 at 07:26
When a trader is newbie, he must focus on learning rather than hunting for good chunks of returns.
Členom od Mar 11, 2022
22 príspevkov
Apr 01, 2022 at 07:56
A newbie in the forex trading market should be fully focused on the learning and analysis part and not the results. Once you’ve gained sufficient knowledge, you’re good to go. Forex trading doesn’t yield you success in a short time, you need to be consistent in your trading strategies and determined to the core to be a successful forex trader.
Členom od Apr 14, 2022
32 príspevkov
Apr 30, 2022 at 10:12
As per my point of view, beginners should always practice on demo accounts before going for live trading, this will not only make them familiar with the trading environment but will also make them aware of the risks that can be avoided while placing live trades.
Členom od Apr 14, 2022
41 príspevkov
May 03, 2022 at 11:52
When a trader is new to the market, the first priority should be learning, since there is no way to profit in the forex market without it. A trading course on Babypips is also a good option for new traders because it provides accurate and genuine information. They can also get knowledge by practising on a demo account.
Členom od Mar 24, 2022
56 príspevkov
May 04, 2022 at 05:33
I will suggest that the first thing a beginner trader must do is - to learn, and to practise what he has learnt in a demo account. Unless and until the person gets a simulation of how the trade happens, they will not come to know about certain terms, strategies, or processes. When practising in a demo account, none of their real money is at stake too.
Členom od Oct 27, 2020
18 príspevkov
May 04, 2022 at 06:41
When a trader is a newbie, their prime focus should be learning. After clearing all the basic concepts, the trader must practise in a demo account and gain experience. Once you’ve mastered trading in a demo account, you’re ready to trade in a live account.
Členom od Apr 09, 2019
538 príspevkov
May 04, 2022 at 10:22
Learning should be priority number one but also consideration of the limitations on them that will help guide them as to which type of trader they might be. What time constraints do you have? Are you a nervous person etc.
If you can't spot the liquidity then you are the liquidity.
Členom od Apr 14, 2022
24 príspevkov
May 20, 2022 at 04:15
For a forex newbie, knowledge is the only tool. Your knowledge helps you make use of other available tools in the market. So, never take shortcuts when you are still learning.
Členom od Jul 20, 2020
399 príspevkov
May 20, 2022 at 16:02
Crotchet posted:
For a forex newbie, knowledge is the only tool. Your knowledge helps you make use of other available tools in the market. So, never take shortcuts when you are still learning.
I actually don't think it's possible to take a shortcut. One way or the other the market will teach you. Patience in learning and trading is so key
Členom od May 13, 2022
22 príspevkov
May 25, 2022 at 07:25
A new trader must focus on his learning first. He must improve his knowledge and upskill himself to successfully survive in the complicated world of trading. Knowledge and skills alone can help to win in forex trading.
Členom od May 18, 2022
16 príspevkov
May 25, 2022 at 10:17
It is recommended that a trader should invest their energy and time into learning about the market and improving their trading skills. Trading without first acquiring the necessary knowledge is comparable to committing suicide. It's possible that it'll cost you a lot of money.
Členom od Jul 20, 2020
399 príspevkov
May 26, 2022 at 15:16
Teutomania posted:
A new trader must focus on his learning first. He must improve his knowledge and upskill himself to successfully survive in the complicated world of trading. Knowledge and skills alone can help to win in forex trading.
This is the thing so many people expect to come into the business of trading and gain a little knowledge then expect a six figure income. No where else in any industry is that possible but if time is taken and persistance it is definitely worth sticking with
Členom od Apr 03, 2021
470 príspevkov
May 26, 2022 at 22:50
There is no shortcut to success in the forex trading business, all need passion to learn forex, spent more time in the learning process, how to manage account-based money management, how to choose trading instruments, how to determine buy and sell, when to determine exit, risk management use stop loss or trailing stop, etc.
