what should a new trader do first ?

[ali200]

as a new trader what should a person do first ? i think that a new trader need to practice more and more in a demo account first to gain practical idea about trading

www.fivebigones.com

[uncle gober]

Invest our time first before we invest our money in forex. Make sure we have educate ourselves with a lot of practice.
Forex is a high risk and high reward business. We can not only put our money in our trading account and it grow it self, but we need to trade with that. And forex trading not only buy or sell, but need much more than that. We have to understand the forex market, we need a good well known the forex system, we also need a good handling our emotions in forex trading.

[Gaban]

The first thing I do when I have to join the forex is to know first what is forex, how to join. after that I started to learn to trade using a demo account. Once is enough, I began to take the liberty to start trading with real account. Amount of about $ 10.

[uncle gober]

Learn and practice. if we do not have good knowledge and good skill, we can not trade well in forex and we also will not earn money in forex trading. I think before we trade in forex, we should use demo account first to learn and hone our trading skills, get the basics of trading. Then test our psychology using no deposit bonus, you also can use 15 EUR welcome bonus to start trading with real account and try trading conditions from this broker.

[⭐ kaito kid]

learn and practice is needed in the forex business. included in the minimum amount of investment. Minimum investment in the forex business depends on the financial ability of the traders themselves. I recommend to open an account gradually, starting from the no deposit account ( $5 ), micro account, then the standard and so on. so that losses can be minimized.

[Gaban]

As a novice trader it would be better if the equity trading is done step by step. Indirect use of the capital. because it will hurt our trading. Risks that occur in the forex is huge. If we've been successful using a demo account, not necessarily as well when trading with real account can be successful too.

[uncle gober]

learn and practice is needed in the forex business. included in the minimum amount of investment. Minimum investment in the forex business depends on the financial ability of the traders themselves. I recommend to open an account gradually, starting from the no deposit account ( $5 ), micro account, then the standard and so on. so that losses can be minimized.

Yes, with minimum invest, we can trade with real account. Try to maximize leverage which have been provided by broker so can get maximal result. We also can use no deposit bonus such as 15 EUR welcome bonus from Armada Markets. We can get maximal result if we can maximize the best trading condition with the lowest spread

[Gaban]

I think it's enough helpful. To test our skills in trading, we do not have to use a large deposit. With a minimal deposit, we can test our ability to trading. like in Instaforex. We can open an account with only $ 1, in support with leverage 1:1000, very comfortable to trading.

[mak123]

New trader must have a good knowledge about trading, current scenario, fundametal analysis to stat trade. if anyone not having suffecient knowledge then he cannot even think of profit.

[Gaban]

we can use a demo account to practice trading. Here we can learn the basics of trading. In addition, we can also learn through training videos instaforex. Materials provided very edukatif and easy to understand.

[uncle gober]

New trader must have a good knowledge about trading, current scenario, fundametal analysis to stat trade. if anyone not having suffecient knowledge then he cannot even think of profit.

Of course, we should have knowledge to be able to trade in forex. We can use various sources to learn forex trading, such as forex forums, social network, even there are video tutorials are provided by broker. Armada Markets also provide it to help beginner understand further more about forex trading.

[Gaban]

Of course, we should have knowledge to be able to trade in forex. We can use various sources to learn forex trading, such as forex forums, social network, even there are video tutorials are provided by broker. Armada Markets also provide it to help beginner understand further more about forex trading.

interesting service provided by your broker. there are facilities that can help new traders. In instaforex also provided good facilities for beginners to learn trading. We can learn in a demo account. This account is suitable to learn the basics of trading. In addition we can also learn through training videos instaforex.

[mak123]

yes having demo account and getting practice and enhancing knowledge for this is good to have and now days thee are forex courses ae also available which teach us on evey aspect of forex so we have this also before starting trading.

[Jas-85]

I think training in a demo account may not help much because of lack of emotions. The best way to learn the intricacies of forex trading is to start with a small capital and increase its level as your experience and money grows.

http://freshforex.com/ provides traders with the opportunity to make this happen.

[Gaban]

After practice using a demo account, we can test our capabilities in real accounts trading. To start real trading account, we can use the minimum deposit. In instaforex, we can deposit a minimum of $ 1 and you can test your trading skills.

[mak123]

Along with fundamentals we need to have practice lot until we get confidence in ourselves that we are in right path and our strategies is good and beneficial to have gain.

[Gaban]

The more we practice trading so we can improve trading skills. Trading exercise, not only for beginners, but also the professional trader should practice trading. Because the market price can not be predicted well.

[masepek]

A newbie should learn forex and practice the basics of the forex using demo account first, before using real money to be traded, although only $ 10 in mini account galleass, it is not advisable to do when not have enough knowledge and experience, using a demo account is a best step which very appropriate to start trading forex.

[mak123]

To trade in forex is not easy we require good knowledge and trading with confidence is a must. and one should try to enhance their knowledge and confidence before go for real account. yes in trading we need to be confident only then we can be able to put our money.

[Gaban]

Along with fundamentals we need to have practice lot until we get confidence in ourselves that we are in right path and our strategies is good and beneficial to have gain.

I agree with you, we should have a lot of practice until we are really ready for real trading account. and we also have to be sure that the trading strategy we've been really good.

[samuel_p80]

The are so many point that should be done by the newbie trader.
I'm a trader and have trade for many years with many brokers too, these are my opinion for all newbies:

1. Learn about forex in Forex Trading Online: Foreign Exchange (FX) Trading | Currency Trading
2. Registered in Payment Processor in WebMoney,PerfectMoney, or MoneyBookers. (for deposit & withdraw fund from broker)
3. Open Lite account or PAMM account Metatrader Account Types : MT4 and MT5 : LiteForex
4. If in Lite account, set the leverage 1:1000. It;s good for you.
5. Fill money on your account in Payment Processor
6. Let's deposit some fund to your account trading in broker (number 3)
7. You can start making money in Forex..

I suggest you to join in Liteforex, because I like and they never against us to make money there..
It's very stable broker and FAIR....

[mak123]

For a new trader it is very important that one should have good knowledge as I've already toold and another most important thing is that new trader must choose a good broker so that can take a benefit of all advance facility.

[Gaban]

for new trader is very important for have psychology should be good, discipline, good money management, patient. Because knowledge and trading skills alone are not enough. We must master it all well.

[mak123]

From having good practice we can also learn how to manage our money and risk and how one should trade with having patience and with discipline.

[uncle gober]

From having good practice we can also learn how to manage our money and risk and how one should trade with having patience and with discipline.

Right, we must be patient and discipline when trading. We must learn to discipline ourselves since we use demo account to learn forex trading. Maximize demo account as well as possible because what we have learn in demo account, will be useful when we use real account when trading.