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When a trader is a newbie

Mar 02, 2021 at 03:59
3,595 Zobrazení
142 Replies
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
Suradi (FXOday)
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.
Členom od May 13, 2022   23 príspevkov
May 27, 2022 at 05:00
We should not forget that all the professional traders were once new traders. They decided not to give up and explore the market properly to make the most of the market movements. If you are zealous, nothing can stop you from making profits.
Členom od Jun 10, 2022   26 príspevkov
Jun 20, 2022 at 07:17
It is possible to earn but the current Bear market in Crypto and Global economy is making it hard to build up quite a profit.
Členom od Jun 03, 2022   17 príspevkov
Jun 22, 2022 at 07:19
When a trader is just starting out. First and foremost, he must broaden and deepen his knowledge of the market. Newcomers must invest their time and energy in learning and improving themselves.
Členom od Jun 02, 2022   24 príspevkov
Jun 24, 2022 at 06:05
We all start as newbies with no idea about what forex trading is and how we can make money with it. But it’s a problem when we keep the newbie’s mindset and don’t take responsibility for our trades. It is easy to blame the market but it takes a big heart to become capable of accepting your mistakes and improving them.
Členom od Jun 03, 2022   26 príspevkov
Jun 27, 2022 at 06:27
As a newbie, fully focus on the learning part and don’t be greedy. Do not think about money in the initial stage of your trading career and fully focus on learning skills, gaining knowledge, and taking experience. Once you know the basics, you can move into a demo trading account to gain practical knowledge and to understand the market in a better way.
Členom od Jun 26, 2020   327 príspevkov
Jul 02, 2022 at 03:50
knowledge is important , no way to ignore but besides this should focus on practice session. otherwise trading life could be dangerous.
Členom od Jan 10, 2022   40 príspevkov
Jul 05, 2022 at 04:58
Many new traders attempt to increase profits by using high leverage which is a highly risky option. It can lead to heavy losses without proper knowledge and skills. Beginners should prefer using optimum leverage and not risk more.
Členom od Jun 28, 2022   21 príspevkov
Jul 06, 2022 at 07:34
A newbie should focus on gaining knowledge, carefully analysing the market and using strategies such as Risk and Money Management to avoid the risk.
Členom od Jun 02, 2022   23 príspevkov
Jul 08, 2022 at 05:21
Yes, that’s true! Most people do not understand the importance of learning and hard work. They do not take forex seriously, and then they lose. Newbies need to learn that there is no easy road to riches, and forex is no different. Forex, like any other financial area, requires much hard work and learning before one starts becoming successful.
Členom od Jun 02, 2022   32 príspevkov
Jul 26, 2022 at 05:28
As a newbie, your prime focus should be on learning each and everything about the market. You can win only by understanding the market.
Členom od Apr 04, 2022   25 príspevkov
Sep 01, 2022 at 06:24
sebking1986 posted:
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.
I can not agree more! A newbie should focus on learning and develop skills for trading profitably. He must consider practicing on the demo account.
Členom od Aug 17, 2022   45 príspevkov
Sep 02, 2022 at 12:37
In my opinion, as a newbie, you should begin trading on a demo account first and then from there, you will be able to gain some experience while trading.
Členom od Jun 26, 2020   327 príspevkov
Sep 03, 2022 at 05:03
demo is important , no way to avoid but the main problem is when we try to practically we cant focus on there.
Členom od Jun 12, 2021   132 príspevkov
Sep 04, 2022 at 12:39
the new Forex trader always try to bring good amount of profit with no learning . this is a very common mistake.
Členom od Feb 15, 2022   219 príspevkov
Sep 05, 2022 at 05:52
Don’t run after money rather try to think about every single aspect of the market. It will give you broad knowledge of the market but this attempt is absent among traders.
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