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New to Forex

lorilivingston
May 03 at 06:10
26 príspevkov
margaritastephen posted:
Imamul posted:
when i was a newcomer always fall a great trouble when using high leverage , its a very risky approach i have done and every time i have faced loses

That happens when you go with a really high leverage like 1:100. I think it's best to use as little leverage as possible while a novice trader is still learning.

But if they don’t use leverage, how will they make profits and actually get some experience?

margaritastephen
May 03 at 06:22
20 príspevkov
I'm not saying they shouldn’t use it at all. Just keep it as low as possible. This will help them understand and know how to handle their trades without risking so much. I dealt with a limit of I:30 with my previous broker and even though my new one turnkey forex offers 1:100, I don't go beyond 1:50. I like having a certain degree of control over my trades and high risks can just mess that up man. And for a newbie, in particular, a huge loss could be really disheartening.

LyudmilLukanov
May 09 at 13:18
461 príspevkov
Learn trading first. Don’t eager to real trading without knowing about the market properly.

RobSchiz
May 15 at 08:56
235 príspevkov
LyudmilLukanov posted:
Learn trading first. Don’t eager to real trading without knowing about the market properly.

Learning is the most important thing to make money from this market.

WaltonCharles
May 16 at 12:19
83 príspevkov
Learning is very essential.

AliaDare
May 16 at 17:21
519 príspevkov
Trading education is very important. It is not possible to be a professional trader without a trading education.

LukeRachel
May 17 at 01:10
209 príspevkov
You may be able to make a profit by trading copy, but I think trading by myself is the best. If you make a loss in this, you can expect bright prospects in the future by learning from that loss.

Kazile
May 17 at 09:15
116 príspevkov
First, a beginner needs to decide on a broker with whom he will continue his trading, and I do not think that a broker is suitable for both beginners and professionals, due to its conditions.

Tradelist45
May 19 at 09:24
121 príspevkov
i have seen most of the traders who are particularly newcomers always try to bring profit with high leverage , but its not possible at all.

AliaDare
May 20 at 13:36
519 príspevkov
Kazile posted:
First, a beginner needs to decide on a broker with whom he will continue his trading, and I do not think that a broker is suitable for both beginners and professionals, due to its conditions.

Yes, that's right. It is never possible to trade without a broker. First of all, I should choose a reliable broker. Then you have to gain knowledge from different websites.

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