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Beginner's Tips
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heihachi7

Členom od Oct 09, 2019  1 príspevkov heihachi7 May 03 at 22:49 (upravené May 03 at 22:53 )
Poolut posted:
I feel the same way about newbies. A lot of them come to the forum and they're like, 'Oh, how do you do stuff here, give me some advice!' And you don't even know what to write back to this question. Yes, when they ask some general questions, that's great. When they ask questions like 'What leverage do I have to choose' or 'How much money do I deposit', it's just something... It's like they don't understand that there are more personalized questions, that more difficult to answer without knowing the information about the trader himself.



I feel its best to give them a direction or reference to read because most every trader is unique in their ability to trade the market plus the strategies vary. I have been reviewing some of the Mark Douglas videos and it has upgraded my approach to the FOREX market strictly from a psychological point of view. The questions provided above have to be answered and researched by the trader. No one else can advise them on this because only they know how much to risk in their unique situation once fundamental knowledge has been achieved regarding how to read the charts, indicators & platform operation. This is only my opinion on the situation your describing Poolut.

Be in it to win it every day!
Roberto21

Členom od May 02, 2019  319 príspevkov Roberto21 Jun 20 at 06:19
We the traders should choose the currency pair which is more appropriate to the concept of trading that will be used , if you depend on scalping should choose the pair which always ensures lowest comfortable trading spreads.

Tezilkree

Členom od Apr 04, 2020  57 príspevkov Tezilkree Jun 22 at 04:48
For successful trading, you need to work out all the nuances

first_time

Členom od Jun 22, 2020  36 príspevkov first_time Jun 22 at 06:15
Always make sure to keep risk and money management in mind while trading. I would say that this is one of the important tips for them.

Mohammadi

Členom od Aug 11, 2017  788 príspevkov Mohammadi Jun 22 at 11:45
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?

caringloriana

Členom od Jun 23, 2020  10 príspevkov caringloriana Jun 29 at 08:12
For a Beginner, it is to recommended to get the prerequisite knowledge and skills and make best use of it in this trading world.
With constant practice, research work and continuous evaluation of the market trends you can attain optimum level of supremacy in forex trading, but also keep in mind that the greed for earning higher profits can lead you to fall the ladder.

Cruz45

Členom od May 27, 2020  25 príspevkov Cruz45 Jun 30 at 06:28
As a beginner, it is important to go step by step. Grab some knowledge, practice on demo account and then jump to real trading. Learn and earn.

AniLorak

Členom od Apr 18, 2017  885 príspevkov AniLorak Jul 11 at 07:42
The traders who are particularly scalpers have to choose the broker which allows trading concept such as this. As a scalper from my first day of trading I have been using lowest trading spreads as well as minimum margin requirements. actually we have to choose the platform that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows scalping without any restrictions.

LouisSchoeman

Členom od Jun 10, 2020  4 príspevkov Louis Schoeman (LouisSchoeman) Jul 17 at 07:58
jamesgwyther posted:
AlHashim posted:
My top tip is to use a demo account for as long as you can bear. At least 3 months. Learn - demo - earn that should be your plan


I would say even longer.


I agree with Al Hasim

LouisSchoeman

Členom od Jun 10, 2020  4 príspevkov Louis Schoeman (LouisSchoeman) Jul 17 at 08:00
Cruz45 posted:
As a beginner, it is important to go step by step. Grab some knowledge, practice on demo account and then jump to real trading. Learn and earn.


Cruz45 you right mate - its all about the learning about forex daily. we did a cool write up about forex for beginners > https://forexsuggest.com/forex-trading/

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