How do you trade if you are beginner?

[Katie_90]

How do you trade if you are beginner?

[nanamage]

Based on trading on Freshforex, here are the simple steps in carrying out technical analysis in forex trading:
– Recognize the ongoing trend
– Define support and resistance levels
– Trend validation with the moving average indicator
– Set stop-loss and profit targets

[radex78]

Keep learn theory by reading from various resources, then practice using demo account to learn how to use trading platform and test skill in real market using virtual money. 

[sam_oi_2]

I don't trade large amounts on this browser trading platform. I believe it's better that I will earn slowly but with a low minus, than very quickly and with a high risk of losing everything.

[Lechosław Król]

A good and reliable trading broker never creates any issue while withdrawing money. But it’s sad to know that majority of the brokers create issue at the time of withdrawing money. But truly indeed Eurotrader never creates any issue while withdrawing trading fund.

[radex78]

First time works beginner just like ordinary beginner in general, learn how to start trading, looking and change many kinds indicator to finding the best one, however along the way experience, then realized no perfect trading tool, then make trading get more simple, focuses on risk management and profit as bonus. I trade use FXOpen broker

[FXOpen Trader]

On 11/28/2022 at 4:10 AM, radex78 said:

First time works beginner just like ordinary beginner in general, learn how to start trading, looking and change many kinds indicator to finding the best one, however along the way experience, then realized no perfect trading tool, then make trading get more simple, focuses on risk management and profit as bonus. I trade use FXOpen broker

To be able to become a better trader in this business we will need to develop our Trading Based Skills.

[Nona_3]

you should definitely try autotrading and trading on demo account on Allpips 

[radex78]

Just like another business, trading has risk and potential gain. The most difficulties traders is maintain good performance with discipline. Although discipline cannot guarantee will bring to success, however all successful trader working discipline based trading strategy. Usually beginner will trying many kinds indicator to get the best one, but when fall in desperation then back to nature trading with simple way.

[nanamage]

Learn in the account demo because practice makes perfect. Also, The key to successful forex trading is the support from Freshforex's complete brokerage services, such as webinars, bonus promos, and cashback.

 

[radex78]

On 12/10/2022 at 6:02 AM, nanamage said:

Learn in the account demo because practice makes perfect. Also, The key to successful forex trading is the support from Freshforex's complete brokerage services, such as webinars, bonus promos, and cashback.

 

Sometimes demo account for backtest trading straregy before applied in the real trading account, there are so many traders who likes use expert advisor using demo account to test robot and reading the trading performance.  For beginner demo account is free place to practice and learning without any risk, you can also active in FXOpenforum dot com to share experience 

[Namu]

On 12/12/2022 at 4:33 AM, radex78 said:

Sometimes demo account for backtest trading straregy before applied in the real trading account, there are so many traders who likes use expert advisor using demo account to test robot and reading the trading performance.  For beginner demo account is free place to practice and learning without any risk, you can also active in FXOpenforum dot com to share experience 

The demo account facility is indeed very useful for traders, and apart from the demo account, does FXOpen provide education for traders?

[nanamage]

Starting trading should be with good analysis, not as long as an entry on a real account. Analysis based on trends using the breakout entry formation is one of the Freshforex technical analyses that can be taken into consideration before trading.

 

[radex78]

On 12/15/2022 at 2:45 PM, Namu said:

The demo account facility is indeed very useful for traders, and apart from the demo account, does FXOpen provide education for traders?

The  most valuable education getting from experience, although we have good trading strategy but in practice can't work fully discipline, hence the trading strategy will getting fail eventually. Learning from fellow traders experience and knowledge can be obtained from various resources, in fxopenforum dot com there are so many useful tips trading if we want to browse it. You also can read from FXOpen blog to get insight from expert traders.

[boltushkin]

On 11/21/2022 at 10:21 AM, Katie_90 said:

How do you trade if you are beginner?

Start from simple approach that comes from intuition. Buy low and sell high. Obviously to determine the price, i.e. the level traders try to think what other will think where the price will bounce. Basically this is how key levels form. On high timeframes, support and resistance levels work very good. 

[nanamage]

In my experience at Freshforex, one of the keys to success for trading forex is money management. Money management holds an important role in forex trading, different trader maybe has different habits to treat accounts with money management rules, and many experts suggest taking a maximum risk of only 2% or 5% on each plan of trading, which will give more opportunity to try again later when first trade loss. but how to calculate money management

[radex78]

Beginners need to practice use demo account, experience will giving more valuable lesson if we can learn from all our mistake and trying to develop skills with fully discipline. Working in uncertain market need high patience and good mindset to learn for profitable trading.

[ParkChoi]

A beginner should trade with lower leverage to avoid higher risks and losses.

Using lower leverage can help in gaining live trading experience and increasing trading skills.

[Lechosław Król]

Buying signals is all about deception and is worthless. It won’t expand your trading knowledge and experience. The more a trader understand the market, the more it is beneficial for them. Eurotrader provides all technical supports to their traders. Besides that, they offer a 111% deposit bonus.

[radex78]

Beginners need more experience to become profitable, practice in demo account is one way to improve trading skill without any risk at all, you can trying to use demo ECN FXOpen broker to test any trading system and making comparison platform trading with another broker. When ready to jump in real account then open micro account to learn with practice using real money. 

[Namu]

As a beginner in the forex business, it is indeed necessary to have a lot of experience and also correct knowledge about forex. That is why beginner traders can enter the FreshForex broker and follow the education provided by them, so that beginner traders can understand and also get knowledge about forex trading.

[nanamage]

The trading plan is very important because the Freshforex trading plan that was prepared includes money management and risk management that will be traded.

[Lechosław Król]

You have to testify different approaches of trading on demo account and check which one is the most suitable type for you. Best approaches of trading should be followed to earn profit and survive in Forex. Eurotrader not only makes sure instant support to traders but also provides signals on and off to help traders gain profit.

[Andrae]

Beginners should trade using a demo account during the initial stages to familiarise themselves with the brokers' platforms.

If you are looking for live trading experience as a beginner, I suggest using smaller accounts to avoid risks.

[FXOpen Trader]

7 hours ago, Andrae said:

Beginners should trade using a demo account during the initial stages to familiarise themselves with the brokers' platforms.

If you are looking for live trading experience as a beginner, I suggest using smaller accounts to avoid risks.

When we are a Newbie traders into the markets we will have to learn trading with our Own Efforts.