Your best Tip for a Forex newbie

[Viran]

Of course, all trading from lies only on our shoulders and depends on our work, but a lot also depends on the broker, especially on managers who are always ready to help, like Amarkets.

[gds221]

The main thing that I would advise a beginner is to always learn. In my opinion, this is the most important thing for a novice trader.

[Vaabum]

My main advice for beginners is to pay attention to training. Only training will help you get the desired result!

[gds221]

For beginners, the most important thing is to gain experience and learn how to work with a demo account. In my opinion, this will minimize possible losses.

[Gidencenti]

the best advice for beginners is choosing the right broker and rational use of capital

[Vudorg]

A beginner should not completely copy some professional and his strategies, you can take note of some points, but it is still better to develop your own style.

[gds221]

As for me, it is most important for a beginner to be careful and work on a demo account.

[Gidencenti]

the main advice is that you should not rely on easy and quick earnings, this does not happen in Forex

[e_abrams]

Indeed. Even if brokers say that it does, don't trust them, that is not what happens. Regulators have issues with that constantly.

[bigxy]

Forex is not as easy as it sounds to be, every individual had to learn the skills needed to make money from the forex market. Yet, the demo account can be helpful in learning the forex processes more easily than any other learning method.

[DonConcesso]

Do not rush into live trading without proper demo trading experience and knowledge.

It is better to trade with brokers like FP Markets, CMC or any other regulated broker that are reputable than using an unregulated scammer broker.

[e_abrams]

Indeed. I've seen people recommending to start on a live account right away, which is a pretty wild idea to me. Trading on a demo for a little while, at the very least, is necessary, in my opinion.

[bigxy]

On 8/21/2021 at 5:54 PM, e_abrams said:

Indeed. I've seen people recommending to start on a live account right away, which is a pretty wild idea to me. Trading on a demo for a little while, at the very least, is necessary, in my opinion.

Never go with a live account if you are starter and instead demo trading is a better idea to be traded for at least a minimum of six months before moving to live trading account.

[Dora Wi]

14 hours ago, bigxy said:

Never go with a live account if you are starter and instead demo trading is a better idea to be traded for at least a minimum of six months before moving to live trading account.

Very true. And also one should be careful when transitioning from demo to real - the only disadvantage of a demo account is that you don't experience emotions related to trading, so it can be a little more difficult to trade on a real account at first.

[AnandG]

I recently decided to trade on the forex exchange, and I am wondering where can I read useful information about trading?
I only found this trading academy and it is not very bad

[e_abrams]

True. The most painless way to do so is to open a small live account and use it for learning purposes only, at least at first.

[Upoctin]

A newbie should practice demo account at the start and then start trading, to become a successful trader you need to learn a lot of experience, management of money, you should learn better analytical skills, you should have better capability of understanding the market trends,Always learn from your mistakes and never give up in Forex.

[e_abrams]

Personally, I don't think it's wrong to give up on trading if you realize it is not working out.

[FXOpen Trader]

On 8/27/2021 at 12:59 AM, e_abrams said:

Personally, I don't think it's wrong to give up on trading if you realize it is not working out.

We need to make u se of such kind of a trading system that is easy for us to understand and use in doing our trades.

[Vaabum]

The most important thing is not to take risks and try to avoid high risk. This can be very tricky, especially with a beginner.

[FXOpen Trader]

On 10/3/2021 at 1:43 AM, Vaabum said:

The most important thing is not to take risks and try to avoid high risk. This can be very tricky, especially with a beginner.

We can increase our Trading based Income with some Technical Skills.

[Vaabum]

The most important thing is to pay enough attention to the demo account. It is thanks to this that I was able to make good money with a broker from ExpertOption when I started working with him.

[nanamage]

On 8/18/2021 at 9:27 PM, DonConcesso said:

Do not rush into live trading without proper demo trading experience and knowledge.

It is better to trade with brokers like FP Markets, CMC or any other regulated broker that are reputable than using an unregulated scammer broker.

Agree, the right broker and credible make our forex trading feel safe. We must be vigilant on the scam broker, usually the broker are difficult to withdraw transaction, Prime4x from Cyprus is also a scam because of stealing his member's money.

[Vaabum]

Honestly, I have already given quite a lot of advice for beginners.

[FXOpen Trader]

On 10/23/2021 at 9:59 PM, Vaabum said:

Honestly, I have already given quite a lot of advice for beginners.

When we are a Newbie traders we will need to think about making use of the Demo Accounts.