Beginner's Tips

Loss is an inevitable part of trading there is nobody who can avoid it completely; mostly loss occurs due to lack of exact money management plan as well non-skill trading knowledge. So, for avoiding loss we have to focus on there.

its a very positive attitude to want something different in life
, i mean successful and exceptional people always different from others we have , good move.

The first step for any beginner, in any field, has to be to learn. So that is one advice I want to give to all forex newbies. Get yourself all mugged up with the basics, research well and only then stake your funds here.

I’m glad you took the time to clarify this for beginners and other traders too. Thanks for sharing this on the platform. Looking forward to more of these.

Practice, practice, practice makes perfect. Keep at it and you will figure it out. There are strategies that bring consistent profits.

We joined in this trading place because of earning money hugely. But after passing sometimes we can realize how much difficult this one , so before entering in here beginner trader should know the reality . it can support them for avoiding loss.

Precisely because I understand that the lower, the more profitable and more successful trading.

the beginners always try to bring profit with no learning ,
they take this market place as a money making place , so we should remove this immature mentality.

its a very common issue but traders should keep the good mentality , because there is no short cut way of learning.

The beginners should learn basic trading before experiencing real trading.

learning is important but if you dont have a reliable support from a credible trading broker any kind of learning can be useless , so be careful

Practice in the demo for at least 4 months. Don’t rush into real trading without proper knowledge.

Three most important advices I wished someone gave to me.
1. Never trade if your emotions are not in the right place
2. Always put stop loss in every use
3. Practice in demo trading as much as you can

For those who are new to forex trading, a demo account is a great learning tool.

@ Bulldog_M I completely agree with you. I would also like to add that it is the beginners who are victims of scams and frauds. So, my suggestion here would be to choose a reliable and well-known broker for a smooth trading experience both in demo as well as live accounts.

the leverage ratio is very much complicated issue for the beginners trader , because it contains huge risk from all financial tool in Forex trading , for that reason traders should more careful when using leverage.

RobSchiz posted:
Low spreads is important especially for scalping. For scalping profit target usually not big. If spreads is huge proper execution and exit of a trade would be difficult.

With a well-planned plan, we must also ensure that we execute the plans. Without proper execution the plan will fail. not a great plan.

Tradelist45 posted:
the leverage ratio is very much complicated issue for the beginners trader , because it contains huge risk from all financial tool in Forex trading , for that reason traders should more careful when using leverage.

Leverage is very useful in this market if you have enough knowledge and skills.