abdulla1 Posted April 5, 2011 Share Posted April 5, 2011 I guess, I would suggest that a Forex newbie must get educated to understand forex, before plunging into the actual trading itself. There are lots of good resources out there to help. One of the best I have come across is makemoneycurrencytrading dot co dot uk as they run free webinars and training. He will train you in their strategies as well. And they run live portfolio so you can actually see if their strategies are making profit live. They send out a daily report each day with the trades. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted May 1, 2011 Share Posted May 1, 2011 Before doing actual trades first play with cents accounts play for few cents or couple of dollars only, try using simple strategies going with the trend and avoid chasing the market trend exit when you feel trade goes reverse of what you thought. When you are expert enough then only deposit significant money and start trading. Quote Link to comment Share on other sites More sharing options...
boniez Posted May 3, 2011 Share Posted May 3, 2011 Before doing actual trades first play with cents accounts play for few cents or couple of dollars only, try using simple strategies going with the trend and avoid chasing the market trend exit when you feel trade goes reverse of what you thought. When you are expert enough then only deposit significant money and start trading. I also think that by cent account then we will be better trained in mental terms, compared with a demo account that it is better, although we must give up a little money Quote Link to comment Share on other sites More sharing options...
hyipreviewblog Posted May 18, 2011 Share Posted May 18, 2011 don't greedy and always put stop loss on your open position...use 10% of your deposit every time you open position so you can have 10 times to open trade position... Quote Link to comment Share on other sites More sharing options...
reyah Posted May 18, 2011 Share Posted May 18, 2011 I am also a newbies with regards to forex. And somebody suggested me to visit babypips because they told me that this site is a good learning site for forex and many professional trader now started in this site. Quote Link to comment Share on other sites More sharing options...
indieover Posted June 13, 2011 Share Posted June 13, 2011 I am also a newbies with regards to forex. And somebody suggested me to visit babypips because they told me that this site is a good learning site for forex and many professional trader now started in this site. indeed it is a good place for newbies to learn about forex. but i have to warn you that it is not easy to read tutorials here either even though it is just basic. it is because forex is indeed a difficult subject. even that is hard to learn though. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted June 25, 2011 Share Posted June 25, 2011 @indieover you are correct. forex is not easy and its also hard to know everything from forex forum but need practical knowledge which only give us our trading . from my experience i can say forum help us lots if we have asking then we get answer from forum and also some basic thing but for more knowledge we need trade continue it may be real or demo which give us live knowledge about the movement of the currency. Quote Link to comment Share on other sites More sharing options...
andry777 Posted June 30, 2011 Share Posted June 30, 2011 @Nikhil Actually, forex is not easy and it is not hard too. It will only need our more time to get more knowledges and more experiences. If we learned how to trade well and we did many practices in forex trading, we will find out how to trade well but it will need time to get good amount of profit. Just like another business, we must move step by step and there is no instant way to earn profit. Quote Link to comment Share on other sites More sharing options...
antthenait Posted July 11, 2011 Share Posted July 11, 2011 First of all Forex mean - we have to know the exact operation that have performed here. I would like to suggest you to take lot of direct forex article, forex history, also very important forex current market place position. It's different to take time, someone who has best business abilities can take best challenge within a few months. But I think without stay a complete year no one get profitable gain. Quote Link to comment Share on other sites More sharing options...
winning11 Posted July 11, 2011 Share Posted July 11, 2011 Your forex skills is positively related to the amount of forex knowledge that you have imbibed. I haven't spent a complete year on learning forex yet so I am just trading with limited capital. I highly prioritize the process of learning over the increase of my balance. I believe in the one-year rule. It can apply to everything, not only forex. Quote Link to comment Share on other sites More sharing options...
hyipreviewblog Posted July 14, 2011 Share Posted July 14, 2011 @winning11 Forex need time to learn so if you still don't sure you can make profits in forex just keep learning and don't give up. It can be a good business for you in future if you can learn it well. I read that some expert traders need 10 years to learn and expert in forex so the best part from them is they never give up and keep learning until what they are today... Quote Link to comment Share on other sites More sharing options...
winzpc Posted July 25, 2011 Share Posted July 25, 2011 I'm nubie too in this business so this thread is very useful to me. I heard and found in internet, many of them suggest to newbie to learn the basic part first, train the mentally and patience, also discipline with own trading strategy. Wait for the best setup first then enter the market comfortably but this part is the most difficult because I still impatience. I hardly make a profit return in every month, always end in loss every month. Quote Link to comment Share on other sites More sharing options...
andry777 Posted July 25, 2011 Share Posted July 25, 2011 @winzpc For newbie, they should learn about basic of forex first so they will know not only benefits to join in forex market but they will know the risk of trading in forex too so they didn't get wrong informations about forex trading. And if they are ready with the risk, so they could train from demo account first before entered to real account. Quote Link to comment Share on other sites More sharing options...
winzpc Posted July 28, 2011 Share Posted July 28, 2011 Newbie in forex mostly been categorize into the 95% trader who loss the money because they haven't know really about this business. They only care that forex can make them rich easily because they have see many pro trader can make a huge gain and the advertisement in internet that show a huge profit from one trader. So I think newbie must change their point of view of this forex, they must know the process to become a great trader. The become that, they need huge effort, they must learn the basic and need a few years to understand this business work. @andry777 I agree with you, newbie must learn the basic first. Basic forex is the most important like me when the first time I trade forex. I don't want to know what is forex and not care the basic like money management, trading system and mentally. That's cause me loss much money. Quote Link to comment Share on other sites More sharing options...
millionaireguy Posted August 16, 2011 Share Posted August 16, 2011 Before doing actual trades first play with cents accounts play for few cents or couple of dollars only, try using simple strategies going with the trend and avoid chasing the market trend exit when you feel trade goes reverse of what you thought. When you are expert enough then only deposit significant money and start trading. I think you are right pal. At least when you invest on cents, it wouldn't be that heart breaking should you lose it. Good strategy as well to accumulate funds if everything is going right on your side. And when you're ready to gamble, then you can invest more for better chances of earning more. Quote Link to comment Share on other sites More sharing options...
purplegl Posted August 20, 2011 Share Posted August 20, 2011 Newbies should know that actually forex investment is quite risky & it may wipe out all the assets if investors trade forex in improper way. So, besides some basic forex trading knowledge, investors should also have practical knowledge & forex trading experience before doing some real forex trading. Quote Link to comment Share on other sites More sharing options...
hoanglong Posted August 28, 2011 Share Posted August 28, 2011 Do not greedy. It's not just newbies but even experienced traders do not know time to stop, one they make profit they will keep trading, over trading will lead more mistake possible happen and the bad case that is they may take big loss or even totally wiped out account. Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 28, 2012 Share Posted March 28, 2012 Greed will not take a trader to the promised land as far as forex trading is concerned. It is necessary for a trader to follow and implement an already laid down trading strategy that tells the trader when to take trades and when not to. Aside this, greed should not overcome a trader to take trades in order to make quick money. Quote Link to comment Share on other sites More sharing options...
charlly007 Posted April 26, 2012 Share Posted April 26, 2012 I guess, I would suggest that a Forex newbie must get educated to understand forex, before plunging into the actual trading itself. There are lots of good resources out there to help. One of the best I have come across is makemoneycurrencytrading dot co dot uk as they run free webinars and training. He will train you in their strategies as well. And they run live portfolio so you can actually see if their strategies are making profit live. They send out a daily report each day with the trades. We should not only based our learning on just one site alone,we should visit other great site and increase our knowledge on the subject.Nowadays,there are lot of them online we can visit and learn for free. Quote Link to comment Share on other sites More sharing options...
indieover Posted April 27, 2012 Share Posted April 27, 2012 @Nikhil Actually, forex is not easy and it is not hard too. It will only need our more time to get more knowledges and more experiences. If we learned how to trade well and we did many practices in forex trading, we will find out how to trade well but it will need time to get good amount of profit. Just like another business, we must move step by step and there is no instant way to earn profit. i am glad to hear from you that forex is not that hard too. but i just find it too hard for now. i hope that one day or soon that i would find forex not that hard as it is now. so i will just have to give more time in learning and practicing in demo account. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 27, 2012 Share Posted April 27, 2012 hahah of course, but i prefer if you try demo account while you learning in some forex forum, just applied what do you learn about forex rather than learning for some month and then applied it,. it will be better if after we learn or get some knowledge we just applied into our trading Quote Link to comment Share on other sites More sharing options...
euro Posted September 18, 2013 Share Posted September 18, 2013 As a newbie, you should invest with bonuses instead of your own money and post in forums for bonuses like forum.tradersunion.com or instaforex or mt5, and there are many of them. I would suggest using low capital and low leverage to avoid large losses. I would also suggest using stop loss and also take profit. Also trade when there is a good trend like weekdays and not weekends and holidays. Quote Link to comment Share on other sites More sharing options...
standart Posted September 19, 2013 Share Posted September 19, 2013 As a newbie, you should invest with bonuses instead of your own money and post in forums for bonuses like forum.tradersunion.com or instaforex or mt5, and there are many of them. I would suggest using low capital and low leverage to avoid large losses. I would also suggest using stop loss and also take profit. Also trade when there is a good trend like weekdays and not weekends and holidays. yes, I like the idea to invest with forum bonuses and not with traders own money. newbies have no proper knowledge and experience and it will be a high risk if they are spend their money to trading in live account. to gain knowledge and experience, better if they are use money from bonus posting. and not risking their own money. Quote Link to comment Share on other sites More sharing options...
euro Posted October 15, 2013 Share Posted October 15, 2013 My tips for newbie is to practice in a demo as much as possible and open as many trades as possible cause its fake money and see how you lose and gain and make notes of those things and don't repeat them again in a real account. If you repeat them then you will lose and its your fault. Never trade impulsively like when you're in need of money or drunk or bored and have nothing to do. Only trade when you can make good profit. Always use stop loss in long term trade since the market can wipe out your account over night. Quote Link to comment Share on other sites More sharing options...
screw_twizz Posted January 2, 2014 Share Posted January 2, 2014 First of all Forex necessarily mean - we've got to learn the complete operations that have performed the following. I would like in order to advise that you carry great deal of immediate currency trading article, currency trading background, furthermore very important currency trading trade area situation. It really is dissimilar to take time, anyone who has ideal organization talents will take ideal concern within just a couple of months. Yet I think devoid of be a whole yr no person acquire successful obtain. Quote Link to comment Share on other sites More sharing options...
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