Hi all,
I've just started to learn to invest in Forex field for 2 weeks. This is a good way to earn money if we well understand about trading, tools, and strategies in Forex. As a newbie, I follow people instructions and create a demo at fxdialogue because it is said that the best way to learn Forex is open a demo account. I agree. A demo account helps me understand Forex better. Alike any other newbies, I still have not much experiences. Therefore, I create this thread to put advices and experiences in. Obviously sometime advices cannot be correct for 100 situation, but it helps us gain experiences. I really appreciate your advices, and experiences. Post them in, so we can make this thread become collection advices for beginners.
I start first, and if there is something wrong, please notice
1. As I said above: "Never start Trading without FIRST using a*DEMO Account"*.A Demo Account allows you to become familiar with trading procedures, such as placing Market, Stop and Limit orders without any risk. All dollar losses or gains in a Demo Account are imaginary but the
2. Start with basic trading knowledge. There are some people invest without knowing what they are doing. It's the worst thing human have ever made. We don’t need to have MA degree, 'cause even MA will lose sometimes, but we've better knew deeply about what we will do.
3. No one cares about your money as you do. Take 100% responsibility and never wait for brokers to take your responsibility.
4. 20 ways to stop losing money (I just want to put them in one thread, so people will see what they need without spend too much time to search)
http://indo-investasi.com/showthread.php/9224-20-Ways-To-Stop-Losing-Money
5. 5 Ways To Identify Fake Forex Broker Reviews
http://indo-investasi.com/showthread.php/5952-5-Ways-To-Identify-Fake-Forex-Broker-Reviews
6. The most important of all success principles
If you do what other successful do, you will eventually get the same results that they do. And if you don't, you won't! (For your information, see below)
7. Types of Trading Strategies (see below)
8. Demo vs. Live Account (Please help)
9. Don't confuse execution with opportunity.*Expensive software won't help you trade like a hedge fund. Pretty colors and flashing lights make you a more nervous trader, not a better one.
10. Don't project your personal life onto your trading.*Trading gives you the perfect opportunity to find out just how messed up your life really is. Get your own house in order before you play the financial markets.
11. Don't think that trading is fun.*The trading game should be boring the vast majority of the time, just like the real-life job you have right now.
12. 32 rules traders should follow
13. Different Types of Brokers (see below)
14. 20 Ways To Stop Losing Money
I've just started to learn to invest in Forex field for 2 weeks. This is a good way to earn money if we well understand about trading, tools, and strategies in Forex. As a newbie, I follow people instructions and create a demo at fxdialogue because it is said that the best way to learn Forex is open a demo account. I agree. A demo account helps me understand Forex better. Alike any other newbies, I still have not much experiences. Therefore, I create this thread to put advices and experiences in. Obviously sometime advices cannot be correct for 100 situation, but it helps us gain experiences. I really appreciate your advices, and experiences. Post them in, so we can make this thread become collection advices for beginners.
I start first, and if there is something wrong, please notice
1. As I said above: "Never start Trading without FIRST using a*DEMO Account"*.A Demo Account allows you to become familiar with trading procedures, such as placing Market, Stop and Limit orders without any risk. All dollar losses or gains in a Demo Account are imaginary but the
2. Start with basic trading knowledge. There are some people invest without knowing what they are doing. It's the worst thing human have ever made. We don’t need to have MA degree, 'cause even MA will lose sometimes, but we've better knew deeply about what we will do.
3. No one cares about your money as you do. Take 100% responsibility and never wait for brokers to take your responsibility.
4. 20 ways to stop losing money (I just want to put them in one thread, so people will see what they need without spend too much time to search)
http://indo-investasi.com/showthread.php/9224-20-Ways-To-Stop-Losing-Money
5. 5 Ways To Identify Fake Forex Broker Reviews
http://indo-investasi.com/showthread.php/5952-5-Ways-To-Identify-Fake-Forex-Broker-Reviews
6. The most important of all success principles
If you do what other successful do, you will eventually get the same results that they do. And if you don't, you won't! (For your information, see below)
7. Types of Trading Strategies (see below)
8. Demo vs. Live Account (Please help)
9. Don't confuse execution with opportunity.*Expensive software won't help you trade like a hedge fund. Pretty colors and flashing lights make you a more nervous trader, not a better one.
10. Don't project your personal life onto your trading.*Trading gives you the perfect opportunity to find out just how messed up your life really is. Get your own house in order before you play the financial markets.
11. Don't think that trading is fun.*The trading game should be boring the vast majority of the time, just like the real-life job you have right now.
12. 32 rules traders should follow
13. Different Types of Brokers (see below)
14. 20 Ways To Stop Losing Money
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