Tips for beginners to learn forex

[budado]

I guess all strategy are actually good strategy. What we just need is to practice those strategy and hope that we can end up making good trade without any problem at all. I do make some good money in forex also doing the same strategy like before except now I develop some skills on how to use my strategy properly.

 

[kasual]

yes, important to as soon as possible trader figuring out what strategy they use to trading. then stick with it till they are mastering it. rather than trader always change the strategy when they found out that it not work properly. while the reason behind trader fail to use a strategy is because they unable to use it properly.

 

[rafiqshahid]

The beginners should start from the Demo account which is provided for practice, experience, and gaining the basic knowledge of trading. Those traders practice on this account also become the successful and able to earn the money from trading.

 

[budado]

Its also important that we have strong fundamental and technical knowledge and we also know the basic forex 101 while we are trading and practicing in demo account. Its not only important that we practice. Its also important that we know that what is we are practicing is correct.

 

[sindarin]

First make you familiar with forex, by know the very core of forex, what is pips , leverage, what we need to do for making profit in forex, and etc. and after that learn forex in pragmatic way, by trading in demo account or in real account, and i think that is all and keep trading.

 

[Markllee30]

Thank you for sharing this very good tips and advice ....i find them very useful...i think new trader must learn first and always update by latest forex news and market trends.

 

[GVglobal Limited]

Right it is, profit of 100% (in some cases - professionals) and an average monthly profit of 5-10%. But what if we loose, it will squeeze off everything we have, because once a trader starts forex, will get addicted to its profit making in a kind of way, but not everyone is lucky enough to get profits always, one day they may loose everything. So, better gain resistance and consistency first in forex trading, you loose or gain keep a normal pace of trading.

 

[Markllee30]

we can choose best strategy only when we can have knowledge about trend , market and economy of the world thats why fundamental and technical analysis is must to have as to opt best strategy to trade.

 

[Pettyeve]

Understanding the need to learn from a very reliable source is very important. Though there are many sources of learning online, there could be those who are very essential and more preferred than others. I like to adapt with sites that teach people in an easily comprehensible way and manner to trade.

 

[Markllee30]

The beginners should start from the Demo account which is provided for practice, experience, and gaining the basic knowledge of trading. Those traders practice on this account also become the successful and able to earn the money from trading.

Yes this is true having demo account is the best option to opt in order to learn and enhance our knowledge with lot of practice and having no loss.

 

[amit.neogi]

indeed investing in forex trading can provide a great advantage for us but risks obtained in a forex trading is also very big especially for us who are beginners to very hard to achieve huge profits before we learn to understand the forex trading, even to achieve the level of trader it takes hard work and professional learning for a long time and no small amount of capital to achieve the level of professional traders

absolutely right forex trading its not a easy matter realy its a high risky matter if you dont have the proper idea and knowledge regarding it then you should not enter this at first need to learn and know about it.

 

[Decub]

Yes this is true having demo account is the best option to opt in order to learn and enhance our knowledge with lot of practice and having no loss.

Well, having no losses is an unrealistic dream that we can only envisage but not achieve. The issue here should be having lesser losses and making more profit. We should also understand that getting it all right in the Demo account is not an automatic qualification and entrance into the real account. A mixture and practice in both with the idea of managing and controlling our emotions would be much better.

 

[kasual]

The best way to newbies is take practice in demo account. Practice trading with specific strategy and observe the market till traders understand the attitudes. When newbies know how to read the market situations in proper way, they have chance to perform proper analysis and make good trading decisions.

 

[willy]

the main thing in this business is how to avoid big loss and how to reduce the uncertain trend of the price because even the professional traders make some mistakes and doing some loss in this difficult business therefore the knowledge and high skills are our weapons in this war if we can say

 

[kasual]

Beginners better take practice in demo account. They need to know how the market works and build strategy as well to handle complexities. Not necessary to rush by jump trading in live account. Patient and make sure first that beginners able to generate consistency in demo account. Before decide to use real money to trade in live account.

 

[Decub]

Beginners should learn how to believe in themselves, it is hard to do but a necessity after all. Without having that faith in yourself, you hardly would make up a good trading strategy. It pays a lot to do it yourself no matter how many times you have to lose. Trading in Forex is highly risky but knowledge softens it.

 

[anosocialnet]

Beginners better take practice in demo account. They need to know how the market works and build strategy as well to handle complexities. Not necessary to rush by jump trading in live account. Patient and make sure first that beginners able to generate consistency in demo account. Before decide to use real money to trade in live account.

Obviously beginners should start with the Demo account and those traders that are highly motivated to trade on real account because of their consistency, should go for cent account and later to macro or mini account and so on, because forex is also a gradual process.

 

[Adam Weil]

Forex has many advantages over ordinary stock market, at least you can trade 24/24 for 5 days a week

 

[anosocialnet]

Yes a Newbie trader will find it easily to learn and earn from Forex Trading to Stock Trading. Although Forex Trading has it own complication and techniques, but it is more suitable to Newbies than Stock Market. So Newbies should learn Forex Trading first and can trade on Stock Market later.

 

[Decub]

A good source of learning is also important. It is wise enough for a beginner to have a very good learning environment if he wants to learn well. A good preparation gives rise to a good end and if the trader can get a personal tutor, then that would be just fine to start up trading.