Forex Tips

search for the 'no nonsense forex' YT channel. watch the videos in order, oldest first. He has some good videos on risk and money management. This is not my channel, I've just watched his videos. Money management is the most important factor.

as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .

Top tip in my view is to use a demo account as long if not longer than you think you need

every trading system is a losing approach if you dont know how to manage risk when trading in practical. 

In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

swaggering posted:
Top tip in my view is to use a demo account as long if not longer than you think you need

 I agree. Without practicing on a demo account for a good time you won’t be able to do good in forex trading. Practicing on a demo acc is almost indispensable in fx trading.

always try to be cool mind when learning from school or others , there is no way of learning by short cut. so keep patience and happy learning.

in Fx leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.

be active in its a common suggestion but more effective after all. our beginner session and practice in demo or micro account , its a better combination.

Micro account yes, demo account - no. Although many may disagree with me. But believe my experience, even testing an advisor on a demo can show a completely different result than on a real account.
Trading on a demo you do not feel the loss and earnings of real money. And accordingly, you can not take the market seriously. You just waste time by clicking the buy / sell buttons.

we always advise to learn basic level for beginners level , but learning can be useless if there is no regular practice in demo or micro account , so besides learning it is more appropriate to emphasis on practice session  

Mohammadi posted:
we always advise to learn basic level for beginners level , but learning can be useless if there is no regular practice in demo or micro account , so besides learning it is more appropriate to emphasis on practice session  

Very true, if you practically don’t try your hands on something, excelling in that does take a longer time for sure.

Mohammadi posted:
we always advise to learn basic level for beginners level , but learning can be useless if there is no regular practice in demo or micro account , so besides learning it is more appropriate to emphasis on practice session  

Yes, basic is the must but not enough; traders need to gather the advance trading knowledge to be a consistent performer!

in Fx result from any strategies not only depends on trading skill or experience but also depends on the capability about your money management, so develop your MM and bring good result by scalping or others.

Imamul posted:
in Fx result from any strategies not only depends on trading skill or experience but also depends on the capability about your money management, so develop your MM and bring good result by scalping or others.

, yes this is vital, your techical ability will not mean anything unless you are disciplined.

according to me, most important trading tips dont depend on your trading strategies completely, i lost much equity for that. result of our trading its all about temporary session., nothing without it at all.   

as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .

Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.

In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme