New Forex Trader Here

Thanks so many people Kill themselves with leverage, when things are good they are amazing with leverage but on the flip side when things go against you which in the markets they will at some point its better to keep the leverage as low as possible.

keycurrency posted:
Very nice. Especially considering 1:30 leverage.

Yes, it’s a decent ratio! By the way, I need to use much wider! This is why, I am working with 1:100 trading leverage.

sublimemarkets posted:
Thanks so many people Kill themselves with leverage, when things are good they are amazing with leverage but on the flip side when things go against you which in the markets they will at some point its better to keep the leverage as low as possible.

risks lead to success low leverage will lead to small returns as well. if you want to win big, you have to take risks.

yellowman94 posted:

sublimemarkets posted:
Thanks so many people Kill themselves with leverage, when things are good they are amazing with leverage but on the flip side when things go against you which in the markets they will at some point its better to keep the leverage as low as possible.

risks lead to success low leverage will lead to small returns as well. if you want to win big, you have to take risks.

Take a look at my account please, many people believe you need to risk big to win big, and yes I will agree with you if you are looking to get rich over night, if you are happy to trade with very low risk and look at making good profits over years not months, and not have to invest every week because you are in a margin call, then you can look at gaining more profits over time, this is exactly how all the big asset management companies trade, and they cant all be wrong!

Time is a big deal in Forex trading , there is no one in here who got wealthy within very short time , so it is more appropriate to keep a long term trading mentality , if you want more something from this stock market.

bellabella posted:
I am looking for a profitable trading strategy.
As you can see on my profile, I have only losses. I trade relatively recently, but I expected a different effect not like I have now. 😭😲😭 I need a profit immediately. Tell me please.

You need multiple trading accounts and trading strategies to help you to succeed. Only 1 account with 1 strategy is very risky.

Diversify your portfolio.

bellabella posted:
I am looking for a profitable trading strategy.
As you can see on my profile, I have only losses. I trade relatively recently, but I expected a different effect not like I have now. 😭😲😭 I need a profit immediately. Tell me please.

I took a look at your live account for you.
I made some comments for you on your discussion page.

Newcomers first of all have to observe some mandatory things if they want to lead a secure and comfortable trading life with certainly. Only good trading knowledge cannot bring success in this volatile trading place. Besides good trading knowledge we the traders have to make sure a reliable support from a credible trading broker, because the broker can affects the result of our trading with certainly.

If anyone is interested in learning good and stable trading strategy, contact me via PM and I can share what I have learned in last 15 years trading forex. Winning trading strategy does not have to be a complex one, and all you need is a disciplined trading approach. Anyone who is in North America is encouraged to contact via PM and I'll be glad to answer/help anyway possible. Good luck folks.

ZKFXtrader posted:
If anyone is interested in learning good and stable trading strategy, contact me via PM and I can share what I have learned in last 15 years trading forex.

Start a new discussion thread and discuss your strategy so that others can learn from you.

Hello,
Newbie to forex and myfxbook. I've been paper trading forex for a few months and have knowledge in trading equities. So technically, not a total newbie.

I'm interested in learning how the more experience traders use trade journals. It seems to be a tedious manual task to log all trades you make, especially for high frequency traders. I know trading journal software exists but even with that you still need








    VWEYU9IkSX manually enter qualitative data nnmm,////////////////////'{{”’}nl

I know trading journal software exists but even with that you still need to enter the qualitative info like reasons for entering the trade, etc.

Any insights greatly appreciated. Thank you.

Hello,
What is the best Forex broker to start with? Any suggestions?
Thx

I have seen so many traders who are particularly beginners always try to make money without learning. as a result they become loser when trading practically. Actually success is a long time process in Forex trading that’s why we the traders first of all have to be prepared to pass a long time in this volatile trading place, otherwise there is nobody who could achieve success from here.

Podvy45 posted:
Hello,
What is the best Forex broker to start with? Any suggestions?
Thx

Just find any broker that offers demo account on MT4 that is all you need for a beginner. Don't worry about which broker until you open a real account

Really Forex is too much tough for the traders who are in particularly newbie. So, obviously a new trader should work hard to achieve the market easily. they should make a best strategy for themselves . they should spend most of their time in analyzing Forex market because it will increase their knowledge of analysis. They also should practice much on demo account to make their trading easy. Then they should choose a right and reputed broker for them .

Professional4X posted:

ZKFXtrader posted:
If anyone is interested in learning good and stable trading strategy, contact me via PM and I can share what I have learned in last 15 years trading forex.

Start a new discussion thread and discuss your strategy so that others can learn from you.

Yes please do this....

If you get a real broker make sure they are regulated. They can still screw you over but are less likely to steel your money and run

Hello all, Dylan here. New to trading and to this forum. Just popping by to say hi.