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Joz8
Feb 02 2021 at 11:37
104 โพสต์
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?

Femilas
Feb 05 2021 at 08:30
30 โพสต์
You are right, this is all individual, but roughly they offer, I recommend trading for about 2 - 3 months on a demo account.

gildlef
Feb 05 2021 at 10:30
27 โพสต์
Having a proper risk management plan is something every trader should work on. No matter if they are new or advanced.

TradeHut
Feb 09 2021 at 08:17
31 โพสต์
Newcomers should have sufficient knowledge of Forex and the most important factor required is patience.

Mitchelmarss
Feb 25 2021 at 10:26
29 โพสต์
TradeHut posted:
Newcomers should have sufficient knowledge of Forex and the most important factor required is patience.

Absolutely right. Few traders fail to realize that success takes time and often fall prey to their own impatience. It could either be a rough environment, market volatility, or charts could be hard to read, the wise decision would be to back off and forget about it.

Shelby10
Feb 25 2021 at 10:45
140 โพสต์
New traders should make proper plan before starting the trading.

Jamespaul
Feb 25 2021 at 11:56
24 โพสต์
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.

PercymcDonnell54
Feb 26 2021 at 04:47
23 โพสต์
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?

Jamespaul
Feb 26 2021 at 12:11
24 โพสต์
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.

Sar John (Sarjohn)
Mar 08 2021 at 11:00
187 โพสต์
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.

heidisandoval
Mar 10 2021 at 06:27
16 โพสต์
Risk management is the key to a successful forex strategy and everyone should pay good attention to it.

baytonhinity
Mar 10 2021 at 11:06
20 โพสต์
Every trader should try to stay far away from any greed or emotion if they are planning to trade well.

Starcliff
Mar 10 2021 at 11:38
55 โพสต์
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.

Tremblay
Mar 31 2021 at 15:34
330 โพสต์
baytonhinity posted:
Every trader should try to stay far away from any greed or emotion if they are planning to trade well.

Yes. Most of the new traders want to make money quickly from this market.

SteveHanks
Apr 01 2021 at 13:26
536 โพสต์
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.

sunvolley
Apr 01 2021 at 15:26
9 โพสต์
But a little bit of greed is OK otherwise we would not all be looking to get rich through Forex!

RobSchiz
Jul 03 2021 at 17:45
567 โพสต์
heidisandoval posted:
Risk management is the key to a successful forex strategy and everyone should pay good attention to it.

Yes. I agree with you.

Akasuki
Jul 04 2021 at 10:15
500 โพสต์
Our total risk should not be above 2%. Now it could be 2% in a single position or all the open positions. Some traders take 2% risk per trade then open 5 trade which becomes 10% risk. We should not do this type of mistakes.

LyudmilLukanov
Jul 10 2021 at 01:53
793 โพสต์
Greed, fear, and all kind of emotions are the habits of new traders.

RobertFerrari
Nov 11 2021 at 06:53
371 โพสต์
LyudmilLukanov posted:
Greed, fear, and all kind of emotions are the habits of new traders.

Greed and fear can put you in great danger.

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