New trader having some pips

I like to trade without indicators. Any indicators that I have used before have only confused me. So, I like to trade without indicators most times.

New traders should practice more and more before going to a live account. This market is very risky. a small mistake can put them in great danger.

ElliotCooke posted:
New traders should practice more and more before going to a live account. This market is very risky. a small mistake can put them in great danger.

Yes. You are right. Practice makes a man perfect. the more you practice trading, the more you can earn money from this market.

Demo accounts are always more profitable, bitter truth.

winklebew posted:
Demo accounts are always more profitable, bitter truth.

Demo account is incredibly useful for new traders. I think Demo account empower student to see how the trading framework functions. With demo trading traders can sharpen his trading methods.

Most traders lose their money for a lack of knowledge. Before gathering all basic knowledge they enter into the market. It is the main reason to lose their money.

It is difficult at first but when you get to learn how to successfully make use of strategies and other tools, it can really be interesting. Demos and live accounts differ at times so try not to judge your trades based on your demo account.

At first, a lot is really not clear, and how to use it in trading is a lot of work, but you just need to give yourself time to get your hands on, gain experience, and so - yes, you can easily work with all this.

Lots are simple in principle but very difficult to translate to different FX pairs and account denominations. But with practice you can get there

Ansel posted:
Lots are simple in principle but very difficult to translate to different FX pairs and account denominations. But with practice you can get there

Agreed, practice is the key.

It is difficult to make profits at first but if you keep working hard, it will make sense.

Start with the demo. It is the best way to start.

Don’t risk too much as a new trader. You are most likely to lose it.