newcomers trading habit
Členom od Jul 20, 2020
278 príspevkov
Oct 21, 2020 at 11:34
If you are new in this market, you should be very careful. You have to make a good plan to make money from this risky market.
Členom od Oct 08, 2020
22 príspevkov
Nov 05, 2020 at 07:55
You must have the required knowledge and other relevant information about Forex. Working on your risk management strategies will help you a lot in the short and long run. A good mindset for trading is also important.
Členom od Nov 02, 2020
31 príspevkov
Nov 06, 2020 at 06:26
Controlling your emotions is necessary too.
Členom od Apr 15, 2020
187 príspevkov
Nov 07, 2020 at 08:11
Emma93 posted:
What are the best strategies for new comers?
for new comer's fundamental analysis is the best way to begin. Identify the over all trend of your favourite instrument, track the market thoroughly and check news. Next is to ascertain the risk percentage. never open a trade without stop loss.
The more your practice, the more you learn.
Členom od Nov 03, 2020
72 príspevkov
Nov 07, 2020 at 09:13
Tiffany07 posted:
Controlling your emotions is necessary too.
That's the most important in my opinion.
Členom od Sep 07, 2017
12 príspevkov
Nov 08, 2020 at 11:37
It is best to get into habit of money management on a demo account so that it is second nature when move to live account
Členom od Nov 07, 2020
19 príspevkov
Nov 26, 2020 at 07:09
Lack of knowledge is one of the most important reasons why people lose in the forex market. Be strong with your learning.
Členom od Jul 20, 2020
278 príspevkov
Dec 21, 2020 at 21:31
Most traders lose their money because of their low knowledge. Every new trade should gather all kinds of knowledge before starting their trading career.
Členom od Jan 11, 2019
140 príspevkov
Jan 13, 2021 at 10:18
As a newcomer, it is important to understand the basics of forex.
Členom od Dec 28, 2020
167 príspevkov
Feb 01, 2021 at 08:45
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Členom od Nov 19, 2020
96 príspevkov
Feb 02, 2021 at 11:37
Sarjohn posted:
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
Členom od Nov 26, 2020
27 príspevkov
Feb 05, 2021 at 08:30
You are right, this is all individual, but roughly they offer, I recommend trading for about 2 - 3 months on a demo account.
Členom od Feb 04, 2021
28 príspevkov
Feb 09, 2021 at 08:17
Newcomers should have sufficient knowledge of Forex and the most important factor required is patience.
Členom od Nov 06, 2020
19 príspevkov
Feb 25, 2021 at 11:56
Yeah and even entering and exiting the trade at the right moment is something that requires a lot of patience. Waiting for the right trade opportunities is something that traders find difficult. This is the reason why practicing demo account trading is suggested. There are reliable brokers out there like xm and fxview with good platforms. See if these suit you and invest some time instead of wasting your money.
Členom od Nov 10, 2020
19 príspevkov
Feb 26, 2021 at 04:47
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?
Členom od Nov 06, 2020
19 príspevkov
Feb 26, 2021 at 12:11
PercymcDonnell54 posted:
Explain something to me here. Sitting in the chair and watching the market move while I wait “patiently”, how will it reap me any profits when I’ll be missing out on trading opportunities?
See now that’s the idea, you needn’t rush into bad currency trades. If they don’t come up in that particular session, there’s always next. It’ll be worth the wait and patience.
Členom od Dec 28, 2020
167 príspevkov
Mar 08, 2021 at 11:00
Joz8 posted:Sarjohn posted:
For a newcomer it is important to gather all knowledge about Forex first and then practice trade on demo accounts before going for a live account.
Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
Yes it totally depends upon the trader i traded almost 5 months on a demo account before going to a live account.
Členom od Dec 17, 2020
9 príspevkov
Mar 10, 2021 at 06:27
Risk management is the key to a successful forex strategy and everyone should pay good attention to it.
Členom od Nov 16, 2020
52 príspevkov
Mar 10, 2021 at 11:38
I completely agree with mine, the sooner we learn to control our emotions and stop being greedy, the faster we can learn to trade correctly.
Členom od Mar 17, 2021
494 príspevkov
Apr 01, 2021 at 13:26
baytonhinity posted:
Every trader should try to stay far away from any greed or emotion if they are planning to trade well.
Yes. Greed is the most dangerous thing in the forex market.
