A Rookie

for newcomers live account can be a dangerous decision,
 because they cant control emotions when trading.

the result of any kind trading strategy depends on your money management, if not there is no real chance to bring good result by using any good strategy.

You can get good results with good strategy even if bad money management but not the other way round

Without good money management you will be doomed to failure

This resource contains a lot of useful information, but not everyone can use it correctly.

Treeny posted:
Without good money management you will be doomed to failure

Exactly many traders tend to neglect the significance of money management which results in a total wipeout of their trading account sooner or later.

Mohammadi posted:
for newcomers live account can be a dangerous decision,
 because they cant control emotions when trading.

Yeah that's the most challenging thing for them. And if someone is able to control his emotions at an early stage, then he must not worry about his future as a trader.

Treeny posted:
Without good money management you will be doomed to failure

That's right and even risk management is essential

Mohammadi posted:
for newcomers live account can be a dangerous decision,
 because they cant control emotions when trading.

Exactly. That's why it is suggested to start with a demo account. But many don't believe it!

New traders should be very careful about his trading. They should gather all knowledge about the trading before entering into this risky market.

A rookie should practice on a demo account to improve his skills and enlarge his knowledge of forex.

The most difficult stage on forex is the rookie stage because it is in this stage that most people really mess up with their accounts and lose it all. You need to take the right approach if you want to make it in forex. Always think about the consequence of an action before you take it. Do not do what you are unsure of.

Novices should focus on the learning phase since that is what lays the foundation of a good trader.

A full plans of trading is needed for successful trading. A trader should cleanly knows what he is doing. Most traders do not have idea what they are doing. Out of hope they open trades.

Developing a strategy for yourself won’t be easy if you lack knowledge and practice. I suggest creating your demo account with a broker so that you can get an idea about how your strategy is doing.

Indeed, on a demo account you can practice very well, but for some it is really better to start with a real account, where you can earn your own money. And in this case, you can try the RAMM service with a ready-made strategy.

You can surely develop a strategy for yourself by experimenting with the pre existing ones. This will give you some idea about how to work with them. Good luck.

There is a good option to take advantage of the offer from the broker Amarkets is a RAMM service. You choose strategies from the rating and without professional knowledge in trading, you get the same income as an experienced trader.