When a trader is a newbie

Don’t seek knowledge from those who always bluff around. Ask questions on forums because you will find many experts available on forums. Study the market more and more to take a conception about the market because it is congenial.

In my opinion, if you are new to trading firstly learn and grasp knowledge about forex trading from babypips or investing.com and then start practice on a demo account. But always keep yourself updated with the recent market trends.

When a trader is new to the market, his first goal should be to learn everything there is to know about it. It is something that will greatly assist you in successfully making money in the market.

One should try to develop their skills as a trader and identify their strong points.

Scalping, short time trading, seems enjoyable to me because I can halt a trade within some pips that keeps me out of pressure and risk.

Forex is a hazardous place for newbie traders because they catch the movement of the market. They hit upon sudden plans and apply them on the market without knowing its further impact. They are indifferent to learning and make themselves victims to losses.

Yes, I agree with you in this regard. New traders should fix a time for improving their skills. The more a trader trades on the market, the more he can grow his knowledge.
If a broker charges a narrow trading spread, it’s better for you to gain more profit on the market.

Bear one thing in mind that poisonous and harmful things are always alluring in our eyes. Never respond to the packages offered by fraud and scam brokers.

beginners should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping , should choose the broker which allows trading concept such as this.

It seems to me that the most important thing at these stages is not to take risks. It is a pity that many traders miss this moment and, as a result, they get not the most profitable result.

the new Forex trader should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

Davidfx89 posted:
the new Forex trader should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

Most brokers do not allow scalping. Do you know which do?

Making money in this market is not easy, so my advice to a beginner is to be disciplined enough to profit from forex.

fxashely89 posted:
Making money in this market is not easy, so my advice to a beginner is to be disciplined enough to profit from forex.

Thats true!

My advice to a newbie would be to try to understand the market mechanism, and if you are unable to do so, then try out copy trading.

Milex32 posted:
My advice to a newbie would be to try to understand the market mechanism, and if you are unable to do so, then try out copy trading.

Yeah, copy trading surely helped me earn some extra returns. Currently, I'm using Zulutrade and I like its social trading solutions, which make it easier than ever to interact with other traders & more importantly, help me to copy successful traders.

Practice on a demo account before going live.

When a trader is a newbie, they typically have less experience and knowledge about the markets and trading strategies. As a result, they may make more mistakes and have a higher risk of losing money. To mitigate this risk, new traders should start with a small amount of capital and focus on learning and understanding the markets, as well as developing a solid trading plan and risk management strategy. They should also educate themselves by reading books and articles, taking classes and workshops, and seeking mentorship or guidance from more experienced traders. New traders should also practice with a demo account before trading with real money. It is important for new traders to be patient and not rush into trades without proper research and analysis.

Better to learn until ur confident in yourself, that you know you will be profitable when going live. Ask people for help with your questions, take courses, learn from experienced traders and their enter / exit strategies, learn to be patient.