Page 2 of 2 FirstFirst 12
Results 11 to 19 of 19

Thread: forex newbie

  1. #11
    Banned Array
    Join Date
    Aug 2017
    Posts
    23
    Thanks
    0
    Thanked 0 Times in 0 Posts
    anyone's remains as a newcomer in forex trading if it still does not want to learn and develop insight by always reading the article forex trading

  2. #12
    Banned Array
    Join Date
    Aug 2017
    Posts
    16
    Thanks
    0
    Thanked 1 Time in 1 Post
    A newbie needs simple trading. he should not make long-term and difficult strategies. You will slowly know what is a good strategy to make earning.

  3. #13
    Standard Member Array
    Join Date
    Jan 2018
    Posts
    13
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Como en toda inversión estaremos expuestos a riesgos y tenemos que saber valorarlos antes de empezar a invertir .

  4. #14
    Standard Member Array Lexus's Avatar
    Join Date
    Feb 2018
    Posts
    13
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Why do you think newcomers should avoid the strategies related to long term trade? Why not to do it if you practise on demo- or cent account? Even $20 will be enough for it, and the trader will get valuable experience. I personally tend to think that long-term trading brings more profit, and at the same time it doesn't mean this strategy is going to be more complicated.

  5. #15
    Standard Member Array
    Join Date
    Mar 2018
    Posts
    18
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Quote Originally Posted by Lexus View Post
    Why do you think newcomers should avoid the strategies related to long term trade? Why not to do it if you practise on demo- or cent account? Even $20 will be enough for it, and the trader will get valuable experience. I personally tend to think that long-term trading brings more profit, and at the same time it doesn't mean this strategy is going to be more complicated.
    I agree. Newbie can't devote himself entirely to Forex. It needs somewhere else to work, do business,have an extra income except Forex. This can be arranged for long-term trading.

  6. #16
    Standard Member Array
    Join Date
    May 2018
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts
    For me, trading in the forex market can be simpler, earlier and profitable for the traders if you learn to trader marker

  7. #17
    Diamond Member Array laser1000it's Avatar
    Join Date
    Aug 2010
    Posts
    1,871
    Thanks
    2,316
    Thanked 1,885 Times in 574 Posts
    Susanna tutta pannaaaaa

  8. #18
    Standard Member Array
    Join Date
    Apr 2019
    Posts
    29
    Thanks
    2
    Thanked 0 Times in 0 Posts
    1. Focus on a single currency pair, expand as you better your skills.
    The world of currency trading is deep and complicated, due to the chaotic nature of the markets, and the diverse characters and purposes of market participants. It is hard to master all the different kinds of financial activity that goes on in this world, so it is a great idea to restrict our trading activity to a currency pair which we understand, and with which we are familiar. Beginning with the trading of the currency of your nation can be a great idea. If that’s not your choice, sticking to the most liquid, and widely traded pairs can also be an excellent practice for both the beginner and the advanced traders.

    2. Do what you understand.
    Simple as it is, failure to abide by this principle has been the doom of countless traders. In general, if you’re unsure that you know what you’re doing, and that you can defend your opinion with strength and vigor against critics that you value and trust, do not trade. Do not trade on the basis of hearsay or rumors. And do not act unless you’re confident that you understand both the positive consequences and the adverse results that may result from opening a position.

    3. Do not add to a losing position.
    While this is just common sense, ignorance of the principle or carelessness in its employment has caused disasters to many traders in the course of history. Nobody knows where a currency pair will be heading during the next few hours, days, or even weeks. There are lots of educated guesses, but no knowledge of where the price will be a short while later. Thus, the only certain value about trading is now. Nothing much can be said about the future. Consequently, there can be no point in adding to a losing position, unless you love gambling. A position in the red can be allowed to survive on its own in accordance with the initial plan, but adding to it can never be an advisable practice.

    4. Restrain your emotions.
    Greed, excitement, euphoria, panic or fear should have no place in traders’ calculations. Yet traders are human beings, so it is obvious that we have to find a way of living with these emotions, while at the same time controlling them and minimizing their effect on our lives. That is why traders are always advised to begin with small amounts. By reducing our risk, we can be calm enough to realize our long term goals, reducing the impact of emotions on our trading choices. A logical approach and less emotional intensity are the best forex trading tips necessary for a successful career.

    5. Take notes. Study your success and failure.
    An analytical approach to trading does not begin at the fundamental and technical analysis of price trends, or the formulation of trading strategies. It begins at the first step taken into the career, with the first dollar placed in an open position, and the first mistakes in calculation and trading methods. The successful trader will keep a diary, a journal of his trading activity where he carefully scrutinizes his mistakes and successes to find out what works and what does not. This is one of the most importance forex trading tips that you will get from a good mentor.
    Last edited by Davidfeliciano9; 05-12-2019 at 06:16 PM. Reason: mistake in previous repy

  9. #19
    Standard Member Array
    Join Date
    May 2019
    Posts
    10
    Thanks
    0
    Thanked 0 Times in 0 Posts
    there are numerous such intermediaries it relies upon you , which specialist suites you, in the event that an agent is from your place, at that point its better.

Page 2 of 2 FirstFirst 12

Similar Threads

  1. Newbie Trader from Brunei
    By armzb0x in forum The Lounge
    Replies: 2
    Last Post: 08-21-2012, 02:36 PM
  2. newbie
    By afiffx in forum The Lounge
    Replies: 2
    Last Post: 10-19-2011, 04:30 PM
  3. Silly newbie question on Metast0ck
    By portobellovcs3 in forum Trading Platform
    Replies: 3
    Last Post: 09-05-2011, 01:23 PM
  4. PacSmooth for a Newbie
    By mackphatt in forum Trading Systems and Strategies
    Replies: 50
    Last Post: 10-29-2010, 08:43 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •