aliforex Posted February 10, 2015 Share Posted February 10, 2015 In forex trading a newbie must first gain knowledge about forex. Afterwards the trader must gain experience of trading, befor etaking further step by investing money. It can be done by working on demo accounts. A Trader can increase his/her skills by testing every strategy on demo account. In this way the trader can also overcome his fear. We must have knowledge about forex before we trade in forex. Trading experience will always make us be better as long as we want to learn about forex Quote Link to comment Share on other sites More sharing options...
myregister Posted February 18, 2015 Share Posted February 18, 2015 Stay disciplined and hold fast good risk management. apart from that do not let emotions such as greedy and fear dominate every aspect of trading activity that you do. It is better you who dominion or control of the emotions. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 20, 2015 Share Posted February 20, 2015 A good tip for newbie is to continue to learn and practice trading well. to continue to learn and practice trading with good will make us more comfortable for trading and trading capabilities we will be increased. so we will be able to succeed in this business. Forex has a high risk that need to improve our trading Quote Link to comment Share on other sites More sharing options...
myregister Posted February 24, 2015 Share Posted February 24, 2015 A good tip for newbie is to continue to learn and practice trading well. to continue to learn and practice trading with good will make us more comfortable for trading and trading capabilities we will be increased. so we will be able to succeed in this business. Forex has a high risk that need to improve our trading I agree with this, trader especially beginner should learn and keep learning, even you already well estabilished with your total profit and also your total equity but it does not mean you must stop to make better version of your polished strategy. Also always tranining your skills will make you as a better trader. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted March 4, 2015 Share Posted March 4, 2015 Forex trading is a good business to earn hugs of money in short period of time. But also many forex traders lose their capital in forex trading business due to lack of forex trading knowledge about forex trading business. So, must gain all forex trading knowledge to get success in forex trading business. I was originally using a Video Tutorial for learning provided by the forex broker that I use. This broker fully understands the needs of traders, especially for beginners Quote Link to comment Share on other sites More sharing options...
myregister Posted March 5, 2015 Share Posted March 5, 2015 Learning, set a realistic goal, focusing yourself and keep practicing until you are getting used with forex trading. I don't see anything that important beside from those, with that you could be a formidable traders that might be handle all kind of situation. Quote Link to comment Share on other sites More sharing options...
gaban Posted April 29, 2015 Share Posted April 29, 2015 good tips for the newbie is to try to trade with the maximum and comfortable to use as small as $ 1 of capital. trading with small capital we can train the psychology of trading. With increasing psychology will allow us to trade with a maximum Quote Link to comment Share on other sites More sharing options...
uncle gober Posted May 20, 2015 Share Posted May 20, 2015 good tips for the newbie is to try to trade with the maximum and comfortable to use as small as $ 1 of capital. trading with small capital we can train the psychology of trading. With increasing psychology will allow us to trade with a maximum Psychology in forex trading is one of the most important things that must be understood and carried out by the trader. Many traders are successful because they understand about trading psychology and many of them also eventually gave up and lost because they underestimated. So for those of you who are serious about investing in forex, forex psychology must be understood correctly. Quote Link to comment Share on other sites More sharing options...
gaban Posted May 25, 2015 Share Posted May 25, 2015 indeed, in forex trading, psychology is important, because the psychology is good, it will make us able to trade with the maximum. Determinants of the success of our trading is good psychology. for that we need to hone our trading psychology to try trading using small capital like $ 1 Quote Link to comment Share on other sites More sharing options...
pepy Posted June 19, 2015 Share Posted June 19, 2015 Psychology in forex trading is one of the most important things that must be understood and carried out by the trader. Many traders are successful because they understand about trading psychology and many of them also eventually gave up and lost because they underestimated. So for those of you who are serious about investing in forex, forex psychology must be understood correctly. Talking about trader psychology in my opinion a trader should not bother about it, the first thing should know is a strategy to get the profitable strategy make sure that works in 95% condition or that strategy just nothing, then learn risk management which when combined with profitable strategy wil give much profit. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 29, 2015 Share Posted September 29, 2015 The best tips for a newbie is to try trading with small capital used to be, so we will be successful in forex. Forex is a business that has a lot of risk so we need a good psychology to be successful in forex trading. With a small capital will allow us to achieve good psychology Quote Link to comment Share on other sites More sharing options...
gaban Posted September 29, 2015 Share Posted September 29, 2015 The best tips for a newbie is to try trading with small capital used to be, so we will be successful in forex. Forex is a business that has a lot of risk so we need a good psychology to be successful in forex trading. With a small capital will allow us to achieve good psychology Quote Link to comment Share on other sites More sharing options...
pepy Posted September 30, 2015 Share Posted September 30, 2015 @gaban: Yes, it is a best tip thanks to you but to be honest psychology could be built step by step as we attain more capital and also more experience. It is not somehting that you born with but to be honest, i think always learn from past and also never be greedy. Quote Link to comment Share on other sites More sharing options...
gaban Posted October 2, 2015 Share Posted October 2, 2015 @gaban: Yes, it is a best tip thanks to you but to be honest psychology could be built step by step as we attain more capital and also more experience. It is not somehting that you born with but to be honest, i think always learn from past and also never be greedy. yes, in this forex trading, psychology is important. many have failed in forex trading in because trying to trade with the greedy, therefore we need to be able to continue to practice good psychology that will allow us to control the greed trading well Quote Link to comment Share on other sites More sharing options...
uncle gober Posted October 20, 2015 Share Posted October 20, 2015 Skill is needed in forex trading. Fisrst step is chart reading skill. Before you start trading, it is first important to monitor and analyze the market. Your success in the forex market will depend largely on your ability to understand how the market works, what makes currency values change, and how to project future movements based on market history. At first, it may seem a bit overwhelming having to understand so many aspects of forex trading, but there are many tools to help you monitor and analyze the forex market. Perhaps the most useful tools for monitoring and analyzing the market are forex charts. Forex charts are basically sheets of information that are based on various aspects of the forex market. Some of the information you are likely to find in forex charts include time frames, currency pairs, currency pair prices, trend lines, and trade volumes. Quote Link to comment Share on other sites More sharing options...
aliforex Posted October 22, 2015 Share Posted October 22, 2015 The nnewbie 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...
pepy Posted October 22, 2015 Share Posted October 22, 2015 Keep your head up, but don't overconfident with you ability to make money. One win or two wins doesn't mean you are some kind of god that could overcome all the trouble ahead. Keep your risk management and stay awake with all possibilities, also don't forget always withdraw after you reach certain amount of profit. Quote Link to comment Share on other sites More sharing options...
omar-profits Posted April 1, 2016 Share Posted April 1, 2016 In forex trading a newbie must first gain knowledge about forex. Afterwards the trader must gain experience of trading, befor etaking further step by investing money. It can be done by working on demo accounts. A Trader can increase his/her skills by testing every strategy on demo account. In this way the trader can also overcome his fear. Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 2, 2016 Share Posted April 2, 2016 yes, in this forex trading, psychology is important. many have failed in forex trading in because trying to trade with the greedy, therefore we need to be able to continue to practice good psychology that will allow us to control the greed trading well Psychology trading has high role in trading, this is become one reason if any trader they having poor in psychology trading hence only will messed up their plan trading, there are three important point in forex in my opinion, profitable system tradng, good money management and good psychology trading Quote Link to comment Share on other sites More sharing options...
pepy Posted April 4, 2016 Share Posted April 4, 2016 yes, in this forex trading, psychology is important. many have failed in forex trading in because trying to trade with the greedy, therefore we need to be able to continue to practice good psychology that will allow us to control the greed trading well Yes, it is very important just as important as your analysis skills or your system that you use for trade. As long as you hold to this you may able to trade every time you want and can avoid much of your loss as much as possible rather than forcing yourselves to keep trading when you can't. Quote Link to comment Share on other sites More sharing options...
novarisa Posted April 4, 2016 Share Posted April 4, 2016 Yes, it is very important just as important as your analysis skills or your system that you use for trade. As long as you hold to this you may able to trade every time you want and can avoid much of your loss as much as possible rather than forcing yourselves to keep trading when you can't. Being discipline on forex trading is pretty important if you want to survive and saving your trading account in forex trading. Prevent yourself from overtrading and never place an order that wasn't come from your own analysis. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted April 6, 2016 Share Posted April 6, 2016 Being discipline on forex trading is pretty important if you want to survive and saving your trading account in forex trading. Prevent yourself from overtrading and never place an order that wasn't come from your own analysis. Studying consistently is required by traders. Now I'm trying to learn to be able to trade consistently using ECN account in TICKMILL. Trading forex is not easy, it requires a great effort to be successful in trading with discipline and focus on the target Quote Link to comment Share on other sites More sharing options...
novarisa Posted April 6, 2016 Share Posted April 6, 2016 Studying consistently is required by traders. Now I'm trying to learn to be able to trade consistently using ECN account in TICKMILL. Trading forex is not easy, it requires a great effort to be successful in trading with discipline and focus on the target With demo account, we can learn the basics of forex trading. Starting from how to open an order, close an order, place a pending order. From those basics, we can move forward to learn about how to analyze the market well in forex. Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 6, 2016 Share Posted April 6, 2016 With demo account, we can learn the basics of forex trading. Starting from how to open an order, close an order, place a pending order. From those basics, we can move forward to learn about how to analyze the market well in forex. For beginner practice with emo account actually very important, they can learn how to use metatrader platform and using many feature in platform, there are many kinds indicator available, and trader beginner can testing one indicator and learn how to use in real market condition using virtual money Quote Link to comment Share on other sites More sharing options...
bigxy Posted April 8, 2016 Share Posted April 8, 2016 Agreed, practicing a demo account is really very important in building up self confidence and newbie skills. Demo accounts can also be used to test the strategies before applying them to real trades. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.