The top 3 things newbie must know

[Kevin Vogt]

Every new trader should make a risk management strategy to minimize the risks.

Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the individual it's using. Strategy is just a single component of successful trading.

 

[Mark Dahl]

Learn basic and start with a demo account. It is the first step for newbies.

 

[Kazumu Fukunaga]

Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the individual it's using. Strategy is just a single component of successful trading.

It's better to develop our own strategy. What works for you, may not work for me. It's because everyone has a different trading psychology.

 

[Kevin Vogt]

Every new trader should make a risk management strategy to minimize the risks.

Yes you are right. Money management and risk management is the very important in forex trading. If any trader do have good risk management policy, sooner or later, he will be kicked out from the market.

 

[Gito Dinev]

Don’t trade without a proper plan. Stick with it no matter what happened. Keep your emotion under control.

 

[Mark Dahl]

New traders find it hard to learn and trade in the market. So, be patient and learn from your mistake.

 

[miriamgriffin]

Newbies may find it a bit hard to understand trading. But practicing with a demo account, studying the market, and making a strategy will help in the long run.

 

[skihav]

1. Keep realistic goals. Before you decide to trade, read all about the market and then come to a conclusion.
   
   
2. Demo trade: After finishing free courses, learn to do demo trade and build consistency. Then, live trade by taking small risks.
   
   
3. Focus on building your strategy: Give months to understanding the market and create strategies. Always backtest.
   
   
4. Control emotions: Lean to avoid greed and fear. To avoid them, follow a trading plan that bind you by some trading rules

 

[justintaylor]

A beginner must have the basic knowledge of everything related to the forex market; be it a strategy or a trading tool. With time, you can decide which one you wish to stay with and which one you wish to avoid.

 

[Kazumu Fukunaga]

Newbies may find it a bit hard to understand trading. But practicing with a demo account, studying the market, and making a strategy will help in the long run.

Of course trading is hard. Trading is a high rewarding work. High reward doesn't come easily. A person needs deep knowledge and understanding of the market to be profitable. He also needs very strong mind set.

 

[Flotsamm]

Beginners; trading is not what you learn in books or videos. It’s also not what you saw on your demo account. It would be what you will see in the live market. So, better prepare your mind that way and use small amounts to trade in the beginning.