Beginner in forex

Beginner traders need to first get an idea of the basics by trading demos. If trading is done without developing skills, profit will be very difficult.

LukeRachel posted:
Beginner traders need to first get an idea of the basics by trading demos. If trading is done without developing skills, profit will be very difficult.

I also agree. The demo is the best way to start trading and practice.

Jeez, no one answered his question, he sent you here, because this site is where you connection your account real or demo to measure your trades. It's also a place where you can ask questions if you get stuck.

There are areas here to also calculate risk too.

So it's basically a resource hub of information.

I want to address something, a lot of people like to talk about a lot of stuff they don't know. If a person wants to be gangsta and place a live trade do it. demo's are over rated, they do not account for new market conditions, or geopolitical changes.

You learn nothing from a demo, people should start by getting a mentor, then learn about themselves. Actually I'm going to make a new post in the 'new' section, because this is crazy.

But anyway look around dude, and you should be ok.

You should first focus on your learning and only then begin with a demo or any other account. Look up courses, tutorials, videos online and do your research. Once you’re done with that, you can open an account with a reliable broker.

Hello! I think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me to choose the right broker. I searched a lot of sites in order to find something good. I also spent a lot of time looking for a broker.

Every beginner should make a good plan to make money from this market.

According to me, determination, patience and sufficient knowledge are the important factors which beginners should possess.

A beginner needs to give himself time to figure out and study everything, and only then calmly start trading.

If you hurry up and chase fast and big profits, in the end you just won't get disappointed.

Before you start with your forex trading journey, you need to educate yourself on the subject, find out about the broker that you are considering to trading with, and build a trading plan as per your needs.

The free version of the demo account helped me to learn about its functionality, understand its platform and understand if I could work with it, I like it, now I trade on a real account without problems.

Aurisida posted:
The free version of the demo account helped me to learn about its functionality, understand its platform and understand if I could work with it, I like it, now I trade on a real account without problems.

Demo is the best option to learn forex perfectly.

the beginners level always try to bring profit by using high level leverage , but its very risky and most of the traders loss due to using it. i dont support this kind of leverage ratio.

if you have the most powerful analyzing knowledge about money management
then you are able to make a profit by using any kind of leverage ratio.

Rodrigochg posted:
Hello, my name is Rodrigo and I made the decision to learn the world of forex.
I am quite curious why the person who introduced me to this world sent me directly to this page since I do not understand how I can open a demo or real account to start trading.
Sorry if I sound ignorant in those aspects but I have no experience in this type of platform.

That person did a good job, as you know nothing about the forex so from here you can learn about forex from basic to advanced level, and if you have any question you can post your question and ask from other traders. You can share your own experience, learn from other experiences.

for beginners luck is really important if you know to trade well and have good knowledge and experience , without knowledge there is no good luck

LioDaCap posted:
for beginners luck is really important if you know to trade well and have good knowledge and experience , without knowledge there is no good luck

I don't think luck plays a major role in trading, I believe that profits depend only on a trader's knowledge and ability.

If you are relying on luck then you do not know what you are doing

spacexdragon posted:
If you are relying on luck then you do not know what you are doing

Exactly, luck can work sometimes but knowledge and skills will always help in gaining profits.