forex new trader

I have lost a lot in trading but this is not what I have lost from the market. I have tried to learn a lot from surviving in the market. So I’m currently making consistent profits but I’m trying to learn a lot more.

You can earn money from Forex trading if you can acquire most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a profitable trading life without having a reliable support form a credible trading platform, because the broker can affects the result of our trading with certainly.

new Forex trader like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.

For beginners, the most important thing is to learn the basic concepts.

I don't know and I kind of like using strategies and sharing them with successful indicators.

Stonesong posted:
For beginners, the most important thing is to learn the basic concepts.

Yes. I agree with you. Learning is the most important thing to survive in this market.

New traders always look for an entry. They sit before the charts throughout the day. Indeed, even there are a few traders who can not rest legitimately around evening time. It is terrible. Settle maybe a couple trading sessions and inquiry entry in those sessions in higher time periods.

Grooming their mind to be consistent and developing their decision making skills based on logic should be the top most priority for beginners. Because forex trading is all about market emotions and the logical facts underlying in the trades.

New traders should start trading with demo account. It is a risk-free account.

Taking small steps in trading is very important for beginners. Risking too much money to make quick profits is not a wise thing.

It is easy to start trading but hard to become successful in the market.

tediousbissa posted:
Taking small steps in trading is very important for beginners. Risking too much money to make quick profits is not a wise thing.

Yes. every new trader should make a good plan to make money from this market.

the new Forex trader for all time try to bring profit by using high leverage, but in practice when they try it , fall great trouble. before using high leverage it is more appropriate to make sure real money management.

A new trader should have a good plan to follow up. As the forex market is very volatile, so to trade well he should practice his trades on a demo account, before entering into live trading. Also, stick to using only one pair when you are starting to trade, so that you do not get overwhelmed with having to trade in different pairs or instruments.