Tips for an Forex beginner

[Decub]

To a beginner, managing your psychologies is a key way to remain in Forex. Try and overcome your fears, believe in yourself and never allow your emotions dictate for you. Forex just for those that are confident in themselves and are ready to brace up and take the responsibility of trading. It doesn't favour the emotional group.

 

[Daisy]

I think one of the most important tips I have for newbie is to control your capital losses and losing a little is so much more profitable than losing a lot so do not risk high capital cause if you do lose you will lose small and you will learn from your experience. I think controlling your losses and money is the most important part of all.

 

[willy]

my tips for you or my advice for you try to make good experience as you can and try also to test your strategy as you can to be trusted strategy this can make you good trader and success in this difficult business

 

[Decub]

A newbie should also understand the principles of not following strategies just because it has been reported working. Practice more on developing your own no matter how long it takes and how tedious it is because it would be much easier for you to modify when the need arises.

 

[UMOFX AIR]

open demo account and practice there to gain experience and then visit many forex school site and forum site to enrich your knowledge about forex. not only read but you also should active to discuss with other trader and know other trader perspective will be good for you.

Your advice is good that a beginner should get basic knowledge of forex by reading pre school forex articles . This type of knowledge is on many forums after it they should make practice on demo for moths to get trading experience before going to real trading

 

[Daisy]

I would suggest for them to learn and practice as much as they can. I think they should also understand the high risk of losing in forex. They will not understand it until they lose it themselves. Its very easy to lose and quick to lose and hard to earn sometimes so they must watch out for that. Some day there is nothing but misery in forex.

 

[Pettyeve]

A newbie trader should learn how to trade first before trying to trade. I will suggest that they trade in the demo account for long so that they will understand how to trade and how to predict the market before they will be coming to the live account.

 

[Decub]

Forex isn't a win win situation. There are tough times when it seems losses are inevitable. This shouldn't in any way demoralize the trader. On the outset, it is always tough on most people and most traders always feel like quitting. That should be your strongest moment and if you are able to overcome it, then you can overcome anything.

 

[readyforex]

Hi

I think many beginners lost their money because they don't have any idea about the trading

 

[riki143]

Hi

I think many beginners lost their money because they don't have any idea about the trading

They want to rich in short time. In fact you cannot do that. Forex is high risk investment.

 

[Faal]

Hi, i've started like an week ago with forex, does anyone have tips for me as a beginner?
Would be very helpfull :32 (20):

So, I think you start your learning process in your demo, that’s the proper way of learning! My advice is don’t be rush! Yes, you may face lots of losses in your learning process! But, don’t lose your hope, try to focus on your learning process!

 

[Pill Head]

Forex could be anything but Gamble. You need to have only luck in Gamble, wherein Forex you need lots of strategies and skills to obtain success in the Forex Market.

 

[Fx Master]

I know many people are frightened about any binary option trading, but in order to me, binary option is an easy and effective way to invest money in stocks and make a little extra on the side sometimes in less than 60 minutes. It provides an online platform that allows you to make an investments right from the comfort of your home. All you have to do is relax and watch your investments grow exponentially.

 

[Max Trade]

Honestly speaking, Devoid of learning it is not possible to survive in this volatile trading place. So all kinds of traders especially the newcomers have to emphasis on learning process. Newcomers should take Pips school and also can practice in demo account for live experience.

 

[Glenn Phillips]

The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.

 

[Fx Master]

The traders who are particularly beginners first of all have to move on demo trading which is the primary source to acquire exact basic information which is very supportive to continue a live account in a proper way. but mostly traders don’t believe the importance of this trading place at all and kick off a live trading without demo . ultimately they come loser due to lack of real trading experience.

 

[The trader]

The beginners should learning it a common thing , your learning process will be valueless until make sure a great place for practicing practically. Demo account can be chosen for that.

 

[sininfinity]

Forex could be anything but Gamble. You need to have only luck in Gamble, wherein Forex you need lots of strategies and skills to obtain success in the Forex Market.

Well I agree with you. But I don't get annoyed if people call forex gambling. I had a lot of arguments regarding this matter in past and now I accepted that different people will have different views on the market. It does not do any harm to the market if someone calls it gambling. So let them be.

 

[sininfinity]

If we like with forex business hence we will ignore all people said, no matter they talk forex as gambling but we will go on and keep trading because this is one way our source income, and they that treat forex like as gambling maybe will leaving forex and get nothing from here

Gamblers either get huge or lose all. That's what I think. But what I wanted to tell here is it really does not matter what people says about this. It does not impact on any currency pair. lol If people like Mario Draghi says in a press conference that forex is gambling then it can have some value. lol

 

[Lee Mark]

Gamblers either get huge or lose all. That's what I think. But what I wanted to tell here is it really does not matter what people says about this. It does not impact on any currency pair. lol If people like Mario Draghi says in a press conference that forex is gambling then it can have some value. lol

I think, no one can make regular money here by gambling! Yes, maybe few sudden profit, but end of the day gamblers lose their full of trading equity! So, I am following here proper money management policies with my trading plan.