What to do as a beginner.

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2012-05-28 01:58 AM
Rizwan

Quote:

Originally Posted by james

besides this you can learn at ********.com also though its lot of study to do you can eventually start over there once you get the idea of trading you can ask help form the forum members to help you..even though its a long wa at ******** there i humor in it so you wont get bored reading it

For the first tip you mentioned that choose a broker who allow day trading, as far as I know all brokers allow day trading, right? do you mean there are brokers which don't allow day trading? can you list them?
For the second tip,be prepare to trade anytime, to be frank, in my opinion, forex trading has its the best time to trade, not all time are suitable for us to trade. we can get more profit if we can grasp the best time to trade in forex.
2012-05-28 03:36 AM
rahimlakhany

Quote:

Originally Posted by malik

I will suggest you point by point as follow.

1- Open a demo account and learn trading from this account at least for three months.

2- Learn the important signals like , Stochastic, RSI, MACD, Bollinger Band and Moving averages.

3- Learn the basic trading techniques like Support and resistance levels, Trend Lines and candle stick etc.

4- Learn the technical analysis as much you can and your next step should be fundamental analysis learning that you will be able to understand on later

5- Learn money management and risk management( keep in mind you should never risk more than 2.5% of your capital.)

6- Always use stop loss and TP in your trades.

This has help me alot dear so many useful points for any beginner like me - learning signals are very important for any newbie its really useful part of forex.
2012-05-28 05:10 AM
ahmedi

Quote:

Originally Posted by abdillahikbal

agree and very strongly agree sir, because forek not an exact science that it is difficult to learn but we may conquer forek with time running and by trial and error first, hehe, although sometimes I also experienced loss kept the canal, but with a definite conviction I believe the market I can conquer

We must have good motivations and good spirit, if you devote your time to learning until you are vastly experienced then forex referring to forex as being hard would be a thing of the past , learn and learn is must.
2012-05-28 05:25 AM
anton

Quote:

Originally Posted by ahmedi

We must have good motivations and good spirit, if you devote your time to learning until you are vastly experienced then forex referring to forex as being hard would be a thing of the past , learn and learn is must.

very true, for starters we should have a passion to be successful in forex, because I think the spirit if we already have we will be comfortable in the learning process, and if we could have such a good trading system and can achieve success more quickly.
2012-05-28 06:51 AM
dmambi

Newbies should first quench there zeal to make quick money. Yes we should hold back ourselves and first learn how to not trade the market. we should learn how we can face the greed and temptation to do trading without the knowledge of the market. Because if we are able to control our mind in the beginning then later with good learning we can get success here.
2012-05-28 07:21 AM
eddy

as a first trader to do is to understand these terms in the forex, capital prepares for trading through the post or deposit, to learn fundamental and technical analysis and control of the soul of psychology
2012-05-28 07:52 AM
anton

Quote:

Originally Posted by eddy

as a first trader to do is to understand these terms in the forex, capital prepares for trading through the post or deposit, to learn fundamental and technical analysis and control of the soul of psychology

it just means we understand the basic science in the forex, if you ask me, the key to success is we have a passion for learning, passion for wanting to learn forex trading is good and right, because in forex, we can be successful if we have a good trading skill. and it can get if our passion to keep learning.
2012-05-28 11:42 AM
jijotrading

Quote:

Originally Posted by rocky665

Hey friends i'm new in forex trading and i can't understand what i need to do now. So i need help to trading with forex.

han gi forex trading main na ham ko jab newbie they na to akfi mushkil hoie thi par ab main es main kafi expert ho gay ahoun wese main to sahi baat ha k forex trading main na newbies ko yahi kahoun ga ak app log es main demo trading se aagahz karo kabhi loss main nahi jao ge
2012-05-28 12:00 PM
nurivasyarifah

Quote:

Originally Posted by dmambi

Newbies should first quench there zeal to make quick money. Yes we should hold back ourselves and first learn how to not trade the market. we should learn how we can face the greed and temptation to do trading without the knowledge of the market. Because if we are able to control our mind in the beginning then later with good learning we can get success here.

of emotional restraint is necessary, but to plunge into this business not only by doing this, but more than that we have such good observing will candlestick pattern in the direction where the movement is by always analyzing indicators which suitable for our trading style,,
2012-05-28 12:20 PM
didikebenaran

Quote:

Originally Posted by ken arok

Basic Knowledge is indeed a intergral part of making a success of any business that you do. It gives you leverage because you are able to make better and more informed decisions than someone who does not know what they are doing.

as a beginner trader then we had to do it is how we can start trading with as well and you will be able to do it with various ingredients present in the forum to learn the basics of a good trade

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