New Forex Trader Here

unpopular opinion but even watching youtube tutorial like videos of experienced traders running thorugh how to read and navigate charts, and MT4 in general. this really helped me in the beginning. :)

Do you have any recommendations for traders to watch on youtube? I watched a few but they just ran through the basics. I really want someone to tell me the details of a strategy that really works

Wreeves posted:
Do you have any recommendations for traders to watch on youtube? I watched a few but they just ran through the basics. I really want someone to tell me the details of a strategy that really works

you can watch videos for Struckture and fibo knowlege from jason stepleton, for price action pinbar knowledge from Nial fullar videos.

Wreeves posted:
Do you have any recommendations for traders to watch on youtube? I watched a few but they just ran through the basics. I really want someone to tell me the details of a strategy that really works

Yes i provides Forex learning as well earning

Wreeves posted:
Do you have any recommendations for traders to watch on youtube? I watched a few but they just ran through the basics. I really want someone to tell me the details of a strategy that really works

There probably is no one worth watching there. If you want a winning strategy you have to develop it yourself. No one would give it out for free. Liquidity is not infinite. If a strategy works then you would want to keep it to yourself so as to not break the flow of liquidity. You can't trade too big either because the large market participants would react to that and your edge could dissappear.

AdamCantor posted:
unpopular opinion but even watching youtube tutorial like videos of experienced traders running thorugh how to read and navigate charts, and MT4 in general. this really helped me in the beginning. :)

I would have to agree with this!

WinterWalker posted:
Broker is important but for new trader does not matter that much. New trader should be on demo only. Stay away from live account for months

Exactly my thoughts

as a new Forex trader if you want to be a good trader with real knowledge and experience , i can say you have chosen the right forum , just keep learning and focus.

Mohammadi posted:
as a new Forex trader if you want to be a good trader with real knowledge and experience , i can say you have chosen the right forum , just keep learning and focus.

Defo. Can`t argue with that. 😉

On the off chance that you get a genuine intermediary ensure they are directed. They can at present screw you over however are less inclined to steel your cash and run

Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.

Mohammadi posted:
Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.

exactly, strategies are formed according to the market trend and often are improvised while trading, i myself have done it a thousand times.

Yes all currencies in Forex trading are good, just we have to experience with them by trading . We can trade all major currency in our demo account. Because we can see here the pairs performance how it works.

Thank you all for your responses.

Roberto21 posted:
from all reasons i think emotions is foremost , only due to emotions traders lost their temper and trade at random. only we can control emotions by practicing trading more and more.

You said it right. Emotions are an inevitable part of life but can be overcome by practicing trading more and more.

You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution

kamikazebogeyman posted:
You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution

yes maybe to start off with

according to me, newcomers shouldn’t focus on his winning trade percentage, he or she always have to emphasis to minimize risk and never trade with emotions.

Roberto21 posted:
newcomers always try to learn foor trading book, the bookish knowledge we acquire from reading a book , practically not works when trading in live. we should practice more and more.

Focusing on Risk Management would greatly reduce the level of losses, unfortunately, most new traders only focus on unrealistic profits, and ignore risk management.