1. The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Tips for an Forex beginner

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

  1. The trader

    The trader

    Messages:
    476
    Likes Received:
    2
    Sometimes I got maximal result by using EA but I never depend on this. I always try to depend on my trading knowledge that I have acquired by passing a long time with great patience.
     
  2. anna.semera

    anna.semera

    Messages:
    32
    Likes Received:
    1
    Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader.
     
  3. The trader

    The trader

    Messages:
    476
    Likes Received:
    2
    I know most of them are found to be scams. and lots of brokers we have right now. But if you are active in Forum communities , then it is possible to make sure a best trading platform with surely.
     
  4. Nezami

    Nezami

    Messages:
    700
    Likes Received:
    9
    In Fx trading , by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non sense planning and zero risk management policy, nothing to do with high leverage at all. so, I think, before trading with high leverage we have to know how to manage risk.
     
  5. The trader

    The trader

    Messages:
    476
    Likes Received:
    2
    So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
     
  6. alina.marabar

    alina.marabar

    Messages:
    35
    Likes Received:
    0
    Open a demo account and paper trade until you can make a consistent profit. Many people jump into the forex market and quickly lose a lot of money due to taking on too much leverage.
     
  7. Svetlana Loboda

    Svetlana Loboda

    Messages:
    569
    Likes Received:
    2
    Correct; without having a good trading skill; it’s really impossible to make money here! Besides, demo is the best policy. It’s free but so much effective to build a good trading skill;
     
  8. Fx Master

    Fx Master

    Messages:
    436
    Likes Received:
    2
    A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.
     
  9. Nezami

    Nezami

    Messages:
    700
    Likes Received:
    9
    For keeping survive in this volatile trading place confident is needed but overconfident is will harmful , sometimes because overconfident then leading trader greedy in trades, and dare to take risk in trading which actually the market very dynamic and not always after trade open trades then will directly get profit.
     
  10. TiongeEdi

    TiongeEdi

    Messages:
    31
    Likes Received:
    0
    just look at the material in this forum. might help
     
  11. Svetlana Loboda

    Svetlana Loboda

    Messages:
    569
    Likes Received:
    2
    Not all info although; because I see, there have few promotional posts; although admin’s are very active. So, new members should use this forum wisely.
     
  12. Nezami

    Nezami

    Messages:
    700
    Likes Received:
    9
    For leading a comfortable trading life with certainly it is better to choose a broker which does not restrict scalping and hedging and always ensures best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well as minimum margin requirements.
     
  13. robert.miner

    robert.miner

    Messages:
    38
    Likes Received:
    1
    So, you think you are ready to trade?
     
  14. Svetlana Loboda

    Svetlana Loboda

    Messages:
    569
    Likes Received:
    2
    Are you asking me? Mate, I have been doing live trading since 2013. Yes, it’s a long time & now I am happy on my output. Thanks.
     
  15. Fx Master

    Fx Master

    Messages:
    436
    Likes Received:
    2
    Newcomers first of all have to observe some mandatory things if they want to lead a secure and comfortable trading life with certainly. Only good trading knowledge cannot bring success in this volatile trading place. Besides good trading knowledge we the traders have to make sure a reliable support from a credible trading broker, because the broker can affects the result of our trading with certainly.
     
  16. john.brave

    john.brave

    Messages:
    34
    Likes Received:
    0
    Maybe we should have managed the finances. If we are wrong decisions, the result will be bad.
     
  17. The trader

    The trader

    Messages:
    476
    Likes Received:
    2
    if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.
     
  18. Nezami

    Nezami

    Messages:
    700
    Likes Received:
    9
    Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.
     
  19. Fx Master

    Fx Master

    Messages:
    436
    Likes Received:
    2
    Broker is a big deal when it is time to make sure a successful trading life, because the broker can affects the result of our trading with certainly, we the traders can choose a broker which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker which allows trading concept such as this.
     
  20. The trader

    The trader

    Messages:
    476
    Likes Received:
    2
    For me, Forex doesn’t mean unlimited profit! Now I am making only 10% profit (in average) with my 5 years trading experience! BY the way, yes I am happy on my trading performance!
     
Loading...
Similar Threads - Tips Forex beginner Forum Date
Useful Tips for Forex Beginners by FXNET Fundamental Analysis Dec 9, 2013
Tips for beginners to learn forex Trading Systems Nov 5, 2012
Beginner Forex tips Beginners Forum Jul 3, 2012
Forex Tips Beginners Forum Apr 19, 2017
Forex Tips about Good Broker General Trading Forum Nov 14, 2016