Forex Tips

Imamul posted:
only we can learn when making a loss , and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.

But straightaway starting with real account, is that not way too risky for beginners. I mean with no practice or experience at all, is it sensible enough to risk all your funds?

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 new Fx trader consistent successful trade is much difficult , i don't recommend it. just try to control greed and emotions , that's all.

Slow. Take everything slow and it will come to you. Rush into Forex and it will eat you up

as a newcomer i was successful with BB in demo but when kicked off a live account , this approach not worked as like before , it was my experience about BB.

BB are great in ranging markets and awful in trending. If you can figure out what market you are in then you will be a winner

We loss for many reasons , one of the most common reason is immature trading plan or target , this approach always make us emotional and greedy , as a result we trade here at random and become loser . we it is more appropriate to make trading plan according to practical situations.

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 .

every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly. 

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.

Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.

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.