What to do as a beginner.

[hi7]

I have been reading different posts and i am beginning to get a bit confused.A few people say that is not good to tell your trading startegy..
so is the 5min 4x sort of a trading startegy or is it a way to teach you how to obtain your own startegy?
Atleast with forex there is only few currencies to trade oppose to the stock market that has numerous stocks to trade.

[fxquest]

This is the best way to trade when you are a beginner and first practice in demo account and then trade in real account with small investments. But before that you first need to learn technical and fundamental analysis of the markets and form a trading plan.

Yeah that would be right path for a beginner to enter into trading field, by investing some time on demo account one can gain experience without risking real money and that experience will help a lot when trading on real account with real money involved.

[shinde]

This is the best way to trade when you are a beginner and first practice in demo account and then trade in real account with small investments. But before that you first need to learn technical and fundamental analysis of the markets and form a trading plan.

[lax]

I am using a lot of resources that are freely available from the Forex Pros as this gives the users the ability to get an insights into the markets and thus know for sure when it would be betetr to make the trades and when its okay to stay away from the markets.

[kulonikilaregunung]

Important point for succes in forex i think is always struggle , never give up if faced with losses , try again with demo account may be can bring new passionate , dispair is only one factor that causes trader failure forever

[newentry]

before the beginner enter the real account, they should prepare theirselves with some knowledge,ability and many things about forex and this is very useful for them, because they do not get some loses from their hard work...so be patience is wise when they get practice and practice again until they mastered one strategies that suitable with them..do not hurry up and rush so hard,,,

[burayak]

can not be rejected again if we as traders who are beginners and first-time business then you should practice using the Forex demo account is something that should be done to train the strategies and systems used to be used in a real account if it can get profits consistently in account demo.

[twinkling star]

you need first to get the basic knowlege about forex. after that you should see the site as www.********.com. and start reading the site. especially you should see the graph and also see the videos there to know how chart moves. then come to the practise in demo account. if you feel trouble anywhere then just post a thread in this forum you will find yours answer.

[venkiaries61]

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.

And also trade with patience in your deals. If you are familiar with technical analysis, then concentrate in when to enter and when to exit from market. From point 6, we also has to make analysis to place the take profit and stop loss. Don't trade if you are not familiar the market movements.

[libya]

as a beginner, then we must continue to increase knowledge about forex trading ..
many ways that we can do to increase knowledge in forex, and everything is easy ..
we can visit the website or join the forum forex forex to add information about forex trading ..

learning is an effective way so that we can have a good trading skills.
and we must do so to look for trading systems that can generate consistent profits.
I liked when learned through forex forum, because we can interact on a lot of traders.