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Fx beginners

Discussion in 'Beginners Forum' started by Andrew McCalam, Nov 5, 2019.

  1. Andrew McCalam

    Andrew McCalam

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    beginners should go through the school minimum for 2 times including a micro account , its a great combination.
     
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  3. Anderson

    Anderson

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    New traders should trade with demo account first. When you turn out to be more familiar with all the technical parts of trading then you can go for live account. In any case, first you should start with pretty much nothing or pennies account. Put highlight on adjusting more than winning. For sure, even in any case I use demo account to test my framework with XeroMarkets broker. I find their esteem refer to like the honest to goodness market. I get a comparative contribution with demo account.
     
  4. Adowyn

    Adowyn

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    Totally agree with you on that matter anyway. I hope it will fix itself over time so people can really will do something with that matter anyway. How else we should continue on that ? I am totally lost for example with everything. How else it should really be done for that ?
     
  5. Fx Master

    Fx Master

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    we know trading plan not works 100% but there is no way we have without it. generally if our trading plan work minimum for 25% , i think its good. i always try to earn profit minimum 20% according to my balance.
     
  6. The trader

    The trader

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    In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
     
  7. Faal

    Faal

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    for beginners the best broker is a broker which for all time make sure superior execution for trading comfortably, low transaction cost, easy withdrawal system without long time process, lowest trading spreads for using any kinds of trading strategies , active customer services and much more real trading facilities that are very supportive to lead a comfortable trading life with certainly.
     
  8. Andrew McCalam

    Andrew McCalam

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    beginners should
    keep focus and be patience. remember there is no short cut of learning in Forex trading.
     
  9. Fx Master

    Fx Master

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    there is nothing 100% in Forex trading in spite of having good knowledge and experience. so always be careful when trading , dont take any decision by overconfident and emotions. happy trading.
     
  10. Nezami

    Nezami

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    I have seen according to my trading experience that many of us think only most powerful trading strategies can make profit with consistency. But practically despite of good trading strategy that’s not possible at all to lead a profitable trading life with certainly if you don’t know how to manage money in Forex. So money management is the key to success in this volatile trading place.
     
  11. Fx Master

    Fx Master

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    not only beginners but i think its more risky for any kinds of traders,
    but experience traders can handle the risk when trading.
     
  12. Andrew McCalam

    Andrew McCalam

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    for beginners psychology of school + demo account= really good combination for that.
     
  13. Nezami

    Nezami

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    demo is not a place to become knowledgeable trader rapidly , its a place to see the strategies and leverage performance.
     
  14. Faal

    Faal

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    no way to avoid the importance of demo trading , bu the main problem is , the experience we took from demo practically not works when trading in a live account. so, traders don't believe the importance of this trading place.
     
  15. Nezami

    Nezami

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    in order to my trading understanding i think when choosing a broker we should make sure one which ensures security of funds with a wide range of trading technologies. that's all.
     
  16. The trader

    The trader

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    result from any strategies not only depends on trading skill or experience but also depends on the capability about your money management, so develop your MM and bring good result by scalping or others.
     
  17. Andrew McCalam

    Andrew McCalam

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    for beginners it is more appropriate to learn Forex First of all , learning should with slow progress , but mostly newcomers try to learn Fx within very short time , as a result they got nothing.
     
  18. Tom Latham

    Tom Latham

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    New traders need to make sure their own trading skill 1st; then they should go for live trading! Otherwise, the result will be so costly! Forex is very challenging job.
     
  19. Fx Master

    Fx Master

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    we always advise to learn basic level for beginners level , but learning can be useless if there is no regular practice in demo or micro account , so besides learning it is more appropriate to emphasis on practice session.
     
  20. The trader

    The trader

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    According to me, If you love scalping should choose the broker which allows trading concept such as this. Actually scalping success on the lowest trading spreads currency pair. So we the scalpers have to choose the currency pair which has lowest trading spreads. Otherwise that’s not possible at all to make profit with certainly by scalping.
     
  21. Faal

    Faal

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    If anyone want to trade devoid of using Stop Loss , my personal request , please trade some time in demo , then you could realize the importance of this trading technique. i cant imagine trading without SL , because every faction in this stock market is uncertain and no one can calculate this with surely. so, trade without SL is just a part of madness , nothing without it.