Very few people follow this basic

[Faal]

to follow the basic thing is really challenging for beginners level. because of emotions and low trading knowledge.

 

[Glenn Phillips]

Aim to start this thread is, to share experiences and seek guidance, as majority of people in Fx community trade Martingale positions but they use wrong multipliers or bad position sizing or wrong TP and Grid setups.

 

[CarmeloGiroux]

You can’t spell words without knowing the alphabets. Similarly, without knowing the basics of forex, you can’t win. All traders should give proper time to cover the forex basics and practice in a demo account before stepping into a live account.

 

[FXOpen Trader]

You can’t spell words without knowing the alphabets. Similarly, without knowing the basics of forex, you can’t win. All traders should give proper time to cover the forex basics and practice in a demo account before stepping into a live account.

In the business of Forex trading the main and the important thing is to have some control.

 

[Gallimaufry]

I think this has to do with lack of commitment and patience. Many traders become desperate for results and do not focus on learning. Due to this attitude, they make wrong decisions and lose money.

 

[Eduardo Lucchese]

Maximum traders are tempted to earning more and they cannot control their greed when they come to trading. This greed keeps them apart from following the basics rather traders cross their boundary of trading for earning more. But this is not supposed to take place. Traders should follow the principles of trading.

 

[Manscape]

Basics are very important in forex trading. If your basics are clear then you can handle intricate situations with ease. But very often traders avoid basics in order to make quick and easy profits that result in losses and many times they quit trading. So you should always keep your trading fundamentals clear and must not forget them while trading.

 

[Eduardo Lucchese]

Following trading principles is essential to be lucrative in the end of the day. But our traders are very much unwilling to follow the basics of trading because they can’t verbalize the importance of it. To know about the basics of trading, traders can read e-books, watch video tutorials.

 

[maxlvg]

Following the fundamentals is very necessary in forex trading. Your fundamentals give you a strong base to deal with even complex problems. But often people forget their basics and become desperate to earn profits. Sometimes it may bring short term gains but in the long run it is very difficult to thrive without basics.

 

[Oscar Shumack]

That’s true! Traders fail because they don’t have sufficient analytical knowledge. So, they should turn them into an analyst first. Traders should not only consider the market from the technical point of view but also from the fundamental point of view too. When these two types of analyses congregate, traders can produce a good signal.

 

[Svetlana Loboda]

i like to depend on Forex , because its really a royal business than others. generally we the take Forex as money making place and this greed comes from making profit from demo account.

 

[Triphibious]

People forget that in order to achieve anything, knowledge, practice and hard work is extremely necessary and is a constant process. The most basic rule is that without proper risk management, your strategies will fail in time. Hasty decisions lead to misplaced thoughts and zero profit returns. They also repeat past mistakes, unwilling to identify the reason for failure. They should be more open to adapting to change and spotting new opportunities.

 

[Karley Walker]

If traders follow the basics, they will earn a better return from Forex. Forex trading is a big opportunity for if you can utilize it in the right way. Effective trading depends on effective decision. There is no scope of focusing at only one aspect in Forex rather there is hundreds of things in Forex to focus. Traders should look at every aspects of internal and external environment before opening a trade.

 

[FXOpen Trader]

If traders follow the basics, they will earn a better return from Forex. Forex trading is a big opportunity for if you can utilize it in the right way. Effective trading depends on effective decision. There is no scope of focusing at only one aspect in Forex rather there is hundreds of things in Forex to focus. Traders should look at every aspects of internal and external environment before opening a trade.

If we are using a trading system we will have to understand how it will work for us.

 

[Subduplicate]

Yes, unfortunately most people never bother to learn and only want to earn huge profits without putting any effort. In the end, they just lose money and quit. Their decisions are driven by greed and this will never benefit them in the long run. A real trader should make decisions that are backed by logic and reasoning. New traders need to focus on learning instead of chasing quick profits.

 

[adrienneadams]

So true. People are driven by greed and look for shortcuts to success in forex. But the only way to earn profits in forex is following a good strategy and risk management. We have to understand the basic concepts and follow the unsaid rules in forex to get long lasting success.

 

[adamartin]

If you want to make trading easy, you must have sufficient market knowledge and experience. You cannot survive in this risky environment without knowledge for long.

 

[Bahiya Shinam]

But they don’t know that it is the professional type of trading. So, it should not be ignored and traded more.

 

[JimmyChoo]

i think this is not only for beginners but also for all kinds of traders. happy trading

 

[magnum]

As a beginner, sticking to basics is very important because only then can we gain clarity about the rest of the trading process. Most people take a leap to complex strategies and then have to suffer massive losses.