for the beginners, Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.
My best tips for newbie, if you willing to learn this trading place, please go Babypips School. And of source trade in a demo account before live trading. Always trade various currency pair and leverage in demo to see the performance how it works. It will be supportive for avoiding risk in live account when trading.
I prefer for the Beginner Forex.com pips school FPA forum Fx Factory and Earn Fx forum where many important threads are available about trading which is really supportive for the beginner to be a knowledgeable trader very rapidly.
for the beginners, It is really difficult to get satisfied by Forex , because most of the traders are loser from here and me also. But I never gave up. Still I am trying to survive by means of my trading skill that I have gathered by passing a long time.
As a beginner, first thing you need to do is to common in Forex trading and that means you need to have lots of extra time not only in trading but in learning also. And the most important thing is that you need to spend lots of time practicing and not going to make profit or don’t expect to get profit in the first two or three months.
The traders who are particularly beginners first of all have to move on demo trading which is the primary source to acquire exact basic information which is very supportive to continue a live account in a proper way. but mostly traders don’t believe the importance of this trading place at all and kick off a live trading without demo . ultimately they come loser due to lack of real trading experience.
togr posted: Majority of trades are successful and yet traders are losing Why do major currency moves bring increased trader losses? For example, the Euro saw an impressive 61% of all trades closed out at a gain If traders were right more than half of the time, why did most lose money? We can now clearly see why traders lose money despite being right more than half the time. They lose more money on their losing trades than they make on their winning trades.
It is about the golden rule - cut the losses soon and keep profitable trades to grow. Simply said tight stop losses and usage of medium TP or Traling SL