Tips for an Forex beginner

[Eduardo Lucchese]

You can gain knowledge through experience. Practice in demo account and learn the way of trading.

 

[Alexander Hudson]

Use proper risk management strategy or use low leverage. Try to trade without leverage if it is possible.

 

[Darragh Bell]

I think market context is the best strategy. If you trade in this strategy, you are more likely to make a profit.

 

[Alicia Lynch]

Beginner traders usually make more losses because they have less knowledge about trading. And they cannot trade by maintaining discipline.

 

[Mark Dahl]

Learn to control emotion in trading. Follow the trading plan under any circumstance.

 

[Oscar Shumack]

Good profitable trading strategy is essential. However, I recommend to build one yourself. If you find a good strategy in online it might not suitable to you.

 

[Kevin Vogt]

Forex is not fully risk free. We can not avoid loss we can manage loss. Loss will happen that's natural. We just need to win more than to lose. If we try to be right 100% times it will lead us to more loss.

 

[Gito Dinev]

Don’t rush to real trading. Start with a demo account first.

 

[LouBega88]

Beginners should not jump into live trading rather they should practice on demo account first and then go for live trading. It will sharpen their market knowledge.

 

[Gito Dinev]

Beginners should dive into learning to flourish their trading career. Besides so, they can practice on demo account.

 

[Nayek Pichai]

You have to plan well to reap gain in Forex. Your planning should be based on proper market analysis and make sure wrong analysis doesn’t make you go astray.

 

[LouBega88]

Beginners shouldn’t shift to live trading as long as they are not in profit in demo account. But profit based on wild guesses will not be acceptable.

 

[Bahiya Shinam]

Beginners should focus on demo trading first and foremost and then they should shift to live trading.

 

[Nayek Pichai]

A Forex beginners shouldn’t descend into trading directly rather he should pass time in demo account and measure his performance and if he finds his performance up to the mark, he should move to live trading.

 

[Darius]

It may be a bit late but I hope you started on demo with an ECN broker. It makes a whole world of difference.

 

[Ethan]

Forex beginners start to jump into live trading without learning trading through demo account. But new traders do want to start live trading without trading on demo account.