pepy Posted January 21, 2016 Share Posted January 21, 2016 I think we already compiled a lot of advice for newbie here from never giving up or controlling emotions up to how to do better analysis with either technical or fundamental analysis. I can say that all depend on newbies, their strategy and others are based on their behaviour when trade, so i think keep trading and learn is the best advice for them. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 24, 2016 Share Posted January 24, 2016 You know that mostly of advice for newbie are about their trading or their emotions and how they solve that situation. In many people imagination and in fact that newbie is an inexperienced trader who cannot do most things in forex in correct way. Not to mention there are a lot aside from those two but commonly you will find the same things. Quote Link to comment Share on other sites More sharing options...
zef316 Posted January 27, 2016 Share Posted January 27, 2016 I recommend to newbies that they must concentrate on the education very first, i believe when they try to learn through some good professionals so they will grow their experience and money too also this will help them to reduce the losses, they dont need to quit education and they can earn easily. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 28, 2016 Share Posted January 28, 2016 I recommend to newbies that they must concentrate on the education very first, i believe when they try to learn through some good professionals so they will grow their experience and money too also this will help them to reduce the losses, they dont need to quit education and they can earn easily. Without doubt that is one of the best idea, many new traders have less patience when dealing with forex. This is their big problem which they should adress it sooner or later. Education really takes time, but it build a solid foundation of a trader so when they face real trading they won't be loss their foot easily just because of the market's condition or their few losses. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 1, 2016 Share Posted February 1, 2016 advice for newbie is trying to trade properly in a demo account and try to learn discipline in a demo account so that when trading in real account will also discipline, so that will make us be successful in forex Quote Link to comment Share on other sites More sharing options...
myregister Posted February 1, 2016 Share Posted February 1, 2016 Forex actually need a trader to be a discipline one, since that would help a lot to our career as forex trader. Other than that, discipline may help a trader so they can be focuing their effort and minimalize the risk, and this is for sure truly recommended for newbie who just start their career or this forex business. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 3, 2016 Share Posted February 3, 2016 Education, newbie should involves making an investment of time (and perhaps also money) in the process of developing knowledge about forex trading and enhancing your forex trading skill set. If you can avoid some of the most costly beginner's trading mistakes by taking a good forex trading course, that alone will probably pay for your education for the whole time. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 11, 2016 Share Posted February 11, 2016 for a newbie, never stop to learn and practice trading with bik. Forex is a business that has a high risk, the risk that we need to have the skills increase, so will make us successful in forex trading Quote Link to comment Share on other sites More sharing options...
pepy Posted February 12, 2016 Share Posted February 12, 2016 Well i again doesn't really get what you want to say but let me guess here that you want to say that we should keep learning so we will increase our skills(or experience) and those which make us more successful, right? If it is the case, i am sure that is the most common advice, a lot of traders who suffered from pain and could be called seasoned trader would give that advice, however doing it and talk is different thing, most newbie cannot even do a consistent trading(not about making profit) usually they switch their strategy just in few days even before make them familiar with one strategy, or just with few losses they start to change or even quit. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 16, 2016 Share Posted February 16, 2016 advice for newbie most good is to try to always improve the skills of a good trading in forex trading this skill is important, because with increased skills will allow us to succeed in forex Quote Link to comment Share on other sites More sharing options...
boltushkin Posted February 16, 2016 Share Posted February 16, 2016 Its quite hard to rein back me emotions especially when you want to revenge market and make up for losses with one big lot trade. Of course it's less likely you can pare down gains but drive you further in a pit. I advice you to never exceed lot size and number of trades for example 5 trades per day and not more. these are my risk settings with Hotforex broker. Quote Link to comment Share on other sites More sharing options...
myregister Posted February 17, 2016 Share Posted February 17, 2016 That is hard for sure but it doesn't mean you cannot do that, if that is about emotion what you need is how to control it. It takes a lot of time, you cannot simply conquer your emotion and let it under your control if you are inexeprience and just trade for few months. Well there are some who can do that but almost any traders truly need more time for to able control their emotion. Quote Link to comment Share on other sites More sharing options...
aliforex Posted March 11, 2016 Share Posted March 11, 2016 That is hard for sure but it doesn't mean you cannot do that, if that is about emotion what you need is how to control it. It takes a lot of time, you cannot simply conquer your emotion and let it under your control if you are inexeprience and just trade for few months. Well there are some who can do that but almost any traders truly need more time for to able control their emotion. As long as we want to learn, there is no impossible to do. We just have to try and try more to control our emotion. Try to use real account with small amount to help us to learn how to control our emotion when trading. Quote Link to comment Share on other sites More sharing options...
novarisa Posted March 11, 2016 Share Posted March 11, 2016 As long as we want to learn, there is no impossible to do. We just have to try and try more to control our emotion. Try to use real account with small amount to help us to learn how to control our emotion when trading. Agree. We can train our trading psychology and our own mental by trading in live account with small capital. Try to learn from the previous mistakes we have done and we will trade better in the future. Quote Link to comment Share on other sites More sharing options...
myregister Posted March 12, 2016 Share Posted March 12, 2016 It is not always the cases riddick09. Look there are many traders who fall because they just have hundred of dollars, even they trade with the smallest lot size. For me, capital is important but the way you manage the risk is the most important one, and you should have profitable strategy because if you use non-profitable strategy where your risk to lose is higher than your chance to win, then it is useless even with a good risk management. Quote Link to comment Share on other sites More sharing options...
gaban Posted March 13, 2016 Share Posted March 13, 2016 experience is important in forex trading is because by having a good experience will allow us to trade with the maximum. therefore, for the newbie must have a lot of experience so that the newbie to forex trading can trade with a maximum Quote Link to comment Share on other sites More sharing options...
myregister Posted March 14, 2016 Share Posted March 14, 2016 My advice for newbie is that you should seeks more experience, 6 months up to 1 year is good for practicing, so you can deal with so many situation that you may face in future. I don't recommend to do that in less than 6 months. The result maybe good for some but from what i see most ended up hurt before can make some nice profit. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 26, 2016 Share Posted March 26, 2016 My advice for newbie is once again you need to practice/ to learn. Don't think too much about earning, make it that able to earn consistent earning as your long term achievement just say around 1 or 2 years. Keep training doesn't mean you are afraid but it is more about preparation so you can withstand most of forex's situation. Quote Link to comment Share on other sites More sharing options...
omar-profits Posted March 26, 2016 Share Posted March 26, 2016 You are correct forex is not a playing ground for kids so any new traders has to be careful in terms deposit,and I also see the probability of depositing huge amount of money as another means of coming acroos loos for newbie so what I will normally advice the newbie to do is to just try and practice how to enter the market with small lot size with small deposit and see what will be the outcome of the trade then he can make a decision on how much to go futher in terms of deposit. Quote Link to comment Share on other sites More sharing options...
novarisa Posted March 28, 2016 Share Posted March 28, 2016 You are correct forex is not a playing ground for kids so any new traders has to be careful in terms deposit,and I also see the probability of depositing huge amount of money as another means of coming acroos loos for newbie so what I will normally advice the newbie to do is to just try and practice how to enter the market with small lot size with small deposit and see what will be the outcome of the trade then he can make a decision on how much to go futher in terms of deposit. But if you're a beginner in forex trading and have no idea about forex market at all, you should get yourself use to forex trading by learn without any risk in a sandbox called demo account. It's a good place for you to learn and practice more about forex trading. Quote Link to comment Share on other sites More sharing options...
G.Y.invest Posted March 29, 2016 Share Posted March 29, 2016 But if you're a beginner in forex trading and have no idea about forex market at all, you should get yourself use to forex trading by learn without any risk in a sandbox called demo account. It's a good place for you to learn and practice more about forex trading. But other traders said me that this is bad idea to start from demo, because i wouldn't be ready to trade because of psychological moments and its better to start from real money, but a little ammount. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted May 27, 2020 Share Posted May 27, 2020 Several levels of investment risks are inherent in forex investing. Such as political, local tax implications and exchange rate risk, Portfolio risk, taxation, currency risk etc. But with ForexChief you can minimize your risk and become profitable with your every trade. You can use any strategy and can take any style to do your trading business. You can’t doubt about the benefits the foreign securities in your portfolio. They has developed its own stream aggregation architecture that allows the Company to have significant reduction of spread sizes, slippage sizes, and percentage of refused orders. This way, the technological solutions developed allow the Company to provide services as a liquidity provider for each forex broker interested in a stable stream of quotes and qualitative execution of orders. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 19, 2020 Share Posted June 19, 2020 Newcomers can be given a lot of advice, but I would really advise first working with a demo, and only then moving to the main account. Now I work with the broker ExpertOption, and I am really pleased with the presence of the demo regime. Quote Link to comment Share on other sites More sharing options...
RolexFX Posted June 20, 2020 Share Posted June 20, 2020 I would suggest all new traders to use Demo account, since demo gives you the feel on how the live trading works and makes it simpler. But the live trading is not the same as Demo the whole way, with demo you can just use it for building strategies and limit the loss. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 21, 2020 Share Posted June 21, 2020 I would advise newcomers to first work with a demo account, and then work on the main account. I myself am now working with the broker ExpertOption, and I really like this option. Quote Link to comment Share on other sites More sharing options...
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