New on the Forex

[Davidfx89]

trading style can be useless if there is no money management , we have to make sure good money management first of all.

 

[The trader]

We joined in this trading place because of earning money hugely. But after passing sometimes we can realize how much difficult this one , so before entering in here beginner trader should know the reality . it can support them for avoiding loss.

 

[Isotaach]

A new trader may easily be able to learn trading skills but when it comes to building the right mindset, you will have to work on yourself and find out which areas you need to work on. You may be good at money management but if you are not good at emotional control, you have chances of lagging behind in the race.

 

[Nezami]

practice is important , i know but after passing sometime we the traders lost interest , so we have to make practice step by step.

 

[JimmyChoo]

after having powerful trading knowledge there is no way to avoid emotions , its very common human nature.

 

[zoe]

after having powerful trading knowledge there is no way to avoid emotions , its very common human nature.

Can't be avoided true, but can be controlled and must be controlled else we lose lots funds.

 

[Svetlana Loboda]

newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

 

[Svetlana Loboda]

there is no difference between two, its all about psychological issue , nothing without it.

 

[FXOpen Trader]

there is no difference between two, its all about psychological issue , nothing without it.

When we are trading with some planning we can make more income from doing such types of trades into the markets.

 

[JimmyChoo]

when we loss practically we the traders trade over and over , its complete emotions decision

 

[LouBega88]

Knowledge is the best weapon for a trader and so traders should ignite their trading knowledge by every possible means. There are paid courses available online and free courses are also available to follow. So, a trader can go for those courses to flourish their trading career.

 

[Akira Rush]

Demo accounts should be an extra step, but the first thing is to learn the fundamentals. After that, you can learn some other things that can get you started, and then you're ready to go. However, the second step should be Demo accounts. Don't stop there; keep going until you have all the knowledge you'll ever need to survive.

 

[zoe]

Demo accounts should be an extra step, but the first thing is to learn the fundamentals. After that, you can learn some other things that can get you started, and then you're ready to go. However, the second step should be Demo accounts. Don't stop there; keep going until you have all the knowledge you'll ever need to survive.

Totally agree, after a while we can go live with a capital you can afford to lose.

 

[The trader]

this is a very common reason why traders join this marketplace. but almost 90% of traders become losers from there. so worked hard with no excuse.

 

[Pentapolis]

Being a tough job to make money, forex trading must be taken seriously from the day you start. You must plan your moves after proper analysis and never distract from your trading plan. Learn from everywhere you can and keep a trading journal so that you know the areas where you must improve.

 

[zoe]

Being a tough job to make money, forex trading must be taken seriously from the day you start. You must plan your moves after proper analysis and never distract from your trading plan. Learn from everywhere you can and keep a trading journal so that you know the areas where you must improve.

I couldn't agree more, we need to be extremely careful though, especially when we trade futures on crypto.

 

[Feticide]

Hi, welcome to the forum! The first step is obviously learning all you can about the market sentiment. Practice on a demo account so you get an idea of what could happen during a live market session. Read and study technical and fundamental analysis, so you can figure out your style of trading. Be patient and start with a small amount.

 

[Merycism]

For anyone starting afresh in the forex market, it is important to know that trading is going to be difficult as you lack knowledge and experience. So, you better don’t set high expectations before you take real risks.

 

[EyeCandy]

Some things that might be helpful for new traders -

• Learn the basics.
• Practice on demo accounts and be consistent in it.
• Develop a strategy and stick to it.
• You need to learn about money management and risk management.
• Maintain a trading journal.
• Don’t be greedy and keep emotions at bay.
• Remain disciplined.
• Risk only the amount you can afford to lose.
• Know that forex won’t make you rich overnight, years of consistent hard work will do so.
• Maintain a journal.

 

[Madison Lopez]

New traders should practice and be disciplined in order to hone their skills. They should also conduct self-analysis to determine what motivates their trading and learn how to avoid fear and greed.