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Tips for an Forex beginner

Discussion in 'Beginners Forum' started by mjansen484, May 31, 2012.

  1. The trader

    The trader

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    Money management is more important task for any kinds of working in particularly when Forex trading. Despite of good trading knowledge it is not possible at all to make profit with certainly if you do not know how to manage money. So, besides acquiring proper trading knowledge we have to fuscous on proper money management.
     
  2. Vernessh

    Vernessh

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    I would like to give some tips to the beginners in the field of forex trading. All the beginners need to work on their emotions in order to control their greed. A greedy person can never get success on the forex market. Best of the luck as well!
     
  3. Katya

    Katya

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    So true and if you have a broker who is pushing you to deposit then stay away!
     
  4. Svetlana Loboda

    Svetlana Loboda

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    I have seen, scam brokers influence the traders to invest their money but they provide ridiculous service on withdrawal. They take such a long time to withdraw trader’s money.
     
  5. The trader

    The trader

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    it is great difficult to make profit by pin bar strategy for the beginners . as a newcomer that’s why now I am comfortable with scalping that brings profit in a short time than others trading techniques.
     
  6. Tom Latham

    Tom Latham

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    On which tips? On the thread or any specific reply? Thanks in advance, mate! Have a great week.
     
  7. The trader

    The trader

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    Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
     
  8. Nezami

    Nezami

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    When looking for a broker there are many things that you have to check. Accordion to my trading experience, first of all, I will be looking for in a broker is, if they are regulated or not. Then I will see their deposits and withdrawal system how it works. Only regulated trading broker guarantee their client’s funds with certainly.
     
  9. The trader

    The trader

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    As a newcomer I fall a great loss , sometimes has lost almost whole balance especially when tried to recover instant loss by revenge over trading.
     
  10. Eves1938

    Eves1938

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    I'll suggest you to research and interact with other traders, so that this will get easier to understand Forex and the trading platform you are going to choose. As a beginner it is quite difficult to gather everything within a very tiny amount of time. My suggestion for you will be, stay patient while you are gathering knowledge and implementing them. Good Luck!
     
  11. Tom Latham

    Tom Latham

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    Besides; rushing is a very common problem by the new traders! So, I believe having a long term plan on the learning process would be helpful. On the other hand, new traders should focus on their learning process instead of result.
     
  12. bolide

    bolide

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    I would recommend to you to open your first demo account and start trading as much as possible. First you need to master technical and fundamental analysis. Then try to explore some strategies and see what suits you the most. When you make lose deal don’t forget to understand what you did wrong
     
  13. Svetlana Loboda

    Svetlana Loboda

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    Very smart reply. I see, you covered almost all of important points in your small reply. Thanks a lot. Yes, that’s the procedure. Besides, new traders should start their learning process with a long term view.
     
  14. Nezami

    Nezami

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    I have seen according to my trading experience by and large traders in particularly the newcomers think only good trading knowledge can bring success in this market place, but in spite of having most powerful analyzing trade knowledge that’s not possible at all to lead a comfortable trading life with certainly without having a reliable support from a credible trading broker which for all time dedicated to their cline by providing a wide range of trading technologies.
     
  15. anna.semera

    anna.semera

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    I agree with thread before me. because entry into logic.
     
  16. Fx Master

    Fx Master

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    Yes I have seen according to my trading experience, in spite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So, we the traders who are particularly scalpers have to choose the broker that always ensures best trading environment for scalping by providing lowest trading spreads as well as minimum margin requirements.
     
  17. The trader

    The trader

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    The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
     
  18. anna.serea

    anna.serea

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    I'm also a newbie. It looks like our problem is the same. I'm hoping to find an answer here.
     
  19. Fx Master

    Fx Master

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    The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
     
  20. The trader

    The trader

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    The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
     
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