New traders

[ebonyevans]

New traders are often excited about their trades. In the rage of making profits, they overlook the fact that they are putting money to make money. They don’t realize that the steps they take have a direct impact on their capital and they need to take care of that too because it is not just about making more money but also saving what you already have.

 

[The trader]

When I was a newcomer I was using Bollinger Bands in demo account, but didn’t get maximal result that I did in demo.

 

[dwaynegibbs]

@ebonyevans money management is very important in this case. New traders ignore most of the basic aspects of trading, especially how to manage their trade and money and that is what differs novice with experienced.

 

[Svetlana Loboda]

Forex market moves by its own away , its never follow at any rules , its has own way to move and no one can predict.

 

[Richards]

now I use trading alerts to follow price movements

 

[Fx Master]

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.

 

[ebonyevans]

@ebonyevans money management is very important in this case. New traders ignore most of the basic aspects of trading, especially how to manage their trade and money and that is what differs novice with experienced.

@dwaynegibbs I agree completely! Before anything else, a trader needs to learn the basics and then, how to keep calm. Getting too excited about their trading careers can sometimes cost them what they can’t afford. They must know how to manage their money as per their risk appetite.

 

[Cooper Truebridge]

New traders usually have a lack of patience which makes it not easy for them to make a profit. Long time plan has to be done by eliminating greed in trading.

 

[dwaynegibbs]

@ebonyevans absolutely and as they used to teach us in the schools it's better to be safe than be sorry. Every trader needs to be responsible and disciplined while trading.

 

[bulltrader]

@ebonyevans absolutely and as they used to teach us in the schools it's better to be safe than be sorry. Every trader needs to be responsible and disciplined while trading.

Right buddy!
After all, being disciplined is the key to a beautiful trading journey.

 

[soilacasa]

For new forex traders, forex trading seems to be an easy way of making money. The reality hits only when they go live. This is why they must learn before going live and when they do, they must start small so that they don’t lose more.

 

[colincook]

‌‌‌ ‌New traders should focus more on learning rather than making profits. In the race of making profits without adequate knowledge and practice on a demo account, they ought to fail.

 

[Kazumu Fukunaga]

‌‌‌ ‌New traders should focus more on learning rather than making profits. In the race of making profits without adequate knowledge and practice on a demo account, they ought to fail.

Yes it is important to test trading strategy on demo before trying it on live account. Without knowing the pros and cons of a strategy, it is not good to try on live.

 

[FundUp]

Yes it is important to test trading strategy on demo before trying it on live account. Without knowing the pros and cons of a strategy, it is not good to try on live.

I agree with you, demo trading is one of the best mediums to practice and learn and to know about mistakes that can be avoided in live trading.

 

[Eduardo Lucchese]

Every new trader should make a good trading plan to survive in this market.

 

[Kazumu Fukunaga]

Unfortunately most people use demo without any plan and strategy. Out of merely assumption they open trade. They do not have any clue why they are opening a trade.

 

[Alicia Lynch]

New traders have less patience so they lose more than profit. So every trader has to trade with patience.

 

[Mark Dahl]

Newbies should careful with choosing a broker.

 

[Gito Dinev]

New traders often make mistakes and lose money unnecessarily.

 

[Oscar Shumack]

In Forex, new traders are the worst sufferer because they don’t understand the market movement. New traders should work on a certain trading approach.