New Forex trader

[Zoltan_]

New trader should get their hands in demo trading so that they can get the aspects on how forex trading works in demo.

 

[Cooper Truebridge]

New traders know nothing about volatility, money management, trade management, price action. Practice is required to gain knowledge about these subjects.

 

[Alexander Hudson]

Every newbie should make a good plan to make a good amount of money from this market.

 

[Oscar Shumack]

As a new trader, you have to learn all the basics of forex properly

 

[Kevin Vogt]

loss is a thing that always taught us a great lesson but we generally cant take this general issue, we got upset when making losses and trade over and over for recovery, as a result, lost almost whole equity.

Reacting to a loss in the forex market is very negative. It is not advisable to react to losses. Recognizing the losses is crucial. When you are devastated, you can lead to the possibility of a revenge trade, which can cause further losses. The best option is to acknowledge the loss and then analyze what caused you to lose the trade. What did you do wrong? Make sure you learn from your mistakes. Making mistakes is the most effective learning that one can gain from a setback.

 

[maxlvg]

If we compare a job and forex trading, finding similarities is quite simple. Just like a new job where you have to first understand the nature of the job, you have to understand the nature of the forex market before you execute any trades. Being successful doesn’t mean being 100% profitable. It means knowing how to manage your capital in case of losses.

 

[Nezami]

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

 

[Alicia Lynch]

You have to work hard to gain knowledge. Trading is a game of patience so don't get bored while developing skills.

 

[Karley Walker]

New trading requires education. Profit gain can be made by those who have a lot of knowledge.

 

[Kevin Vogt]

New trading requires education. Profit gain can be made by those who have a lot of knowledge.

If you don't have a trading education earning profits is not feasible. You need a thorough knowledge of the markets. Many newbies make the error of not being focused on learning. They are focused on earning money without studying. They lose money on a regular basis.

 

[Kazumu Fukunaga]

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

Practice is essential when trading, but you must do it in a methodical manner. A random approach to trading won't help. It is necessary to create a strategies by practicing using a demo. Then, practice will yield results.

 

[FXOpen Trader]

Practice is essential when trading, but you must do it in a methodical manner. A random approach to trading won't help. It is necessary to create a strategies by practicing using a demo. Then, practice will yield results.

When we will start doing a lot of practice in our trades then the results we are going to get will also get increased.

 

[Nezami]

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

 

[Davidfx89]

For forex education, I feel babypips is a good source.Their free course is pretty good. It's very thorough, full of examples, clear explanations and even great humour! Their newsletter is very concise and informs you regularly of some important events and trading opportunities.

 

[Tom Latham]

According to me, candle chart is much useful than the others 2 one; I basically rely on the candle chart for understanding the technical signal of the candle chart. Even, I don’t need to use any kind of technical tool.

 

[The trader]

unrealistic expectation indicates immature attitude and emotions. this habit really non professional which always make traders greedy.

 

[Karley Walker]

If you don't have a trading education earning profits is not feasible. You need a thorough knowledge of the markets. Many newbies make the error of not being focused on learning. They are focused on earning money without studying. They lose money on a regular basis.

Before making a profit, you have to focus on knowledge. Otherwise, the trader will never be able to trade successfully.

 

[The trader]

Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.

 

[Tom Latham]

trading can be simply if there is good money management , otherwsie there is no chance to bring profit with certainly from this trading place.

 

[Glenn Phillips]

i love doing demo account because this trading platform always gives me live knowledge and experience even though there is no real money.