It is very difficult for newcomer to make the right judgment since they are new to everything. But hopefully, by the time, they know how to adjust and make the changes can help in bringing the dramatic difference.
Demo account generally is more appropriate to ensure the basic fundamental market experience which is very supportive to continue a live account in a proper way , but not appropriate to make sure brokers performance but shortly you can understand how the broker works.
reggae posted: It is very difficult for newcomer to make the right judgment since they are new to everything. But hopefully, by the time, they know how to adjust and make the changes can help in bringing the dramatic difference.
Right! In the beginning everyone faces issues, but with good research and study, they get a good hold on everything.
Go and trade with experience trader before you try to trade on your own, as a professional I will never advise you to venture into trading yourself if you have not done that I just said, and at least 1 year with a proffesional experienced trader.
right now in this time when COVID 19 is going over the world so many things stopped but one thing has never chanced that is newcomers common mistake , they trade random still , i have been seeing from last couple of weeks.
Mohammadi posted: The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
Get a good risk management and you are a successful trader
Vozil559 posted: A beginner's best habit is to get used to what you have to learn. This is a fact, because if you think you can learn one strategy and earn money from it, you are already on the wrong track.
I agree! No single strategy works all the time, the market keeps changing. Good advice
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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