Tips for beginners to learn forex.

[Akhterp]

Forex trading bohat he acha and most profitable business hai is liye har banda isko join karna chahta hai aor is say earning karna chahta hai lakin jo beginner hein main unko yeheh kehna chahta hoon main forex itna asan nahi hai isko pehlay seekhein aor phir earning ka sochein.

[sufiyan22]

bhia me ye dekhta hn ke log loss krtey hn to vo to wait rktey h ke profit pr trade e to lot ko close krey but vo loss 1$ se 100$ tk chale ajta hn but profit hota hn to 10$ tk profit hota hn bass aur cut krdeteyhn iska ulta krna chaiye

[Tariq Hussain]

most important trading tips for a beginning (or any) trader to absorb before getting started in the market.

10. Learn the basics first

Many beginning traders try jumping right into the market with no real background knowledge on the markets they are trading. To build a solid trading foundation, you need to take the time to learn about how the Forex market works (or any market you�re trading) and really get a solid understanding of all the jargon, etc. before you actually dive in and start learning a trading strategy. You can gain this knowledge by taking my free beginners forex trading introduction course.

9. Learn one trading strategy, stick with it.

One of the biggest mistakes I see beginning traders make again and again, is changing trading methods too often. If you are using a logical, common sense trading method like my price action method, you need to really learn it and master it before you do anything else. If you jump from method to method because you think you�ll find some �Holy Grail� trading strategy, you are simply operating on false hope and being illogical, and you will lose money.

Also, don�t switch methods just because you had a few losing trades. Any method will have a certain amount of losers over a sample size of trades, this is normal and part of trading. You cannot let losing trades affect you too much; you really do need ice cold discipline to excel at trading.

8. Don�t get overwhelmed

It�s easy to feel overwhelmed with information and trading strategies as a beginning trader, it happens to all of us in the beginning. The best way to limit this or avoid it altogether, is to find a mentor, someone to learn from, and piggy back off their success. I have laid out all my trading strategies for you to learn in my price action trading course and in my opinion, the best thing you can do is block everything else out, forget everything you�ve learned, and start over with my teachings from a clean slate and focus only on that until you really know what you�re doing.

7. Don�t freak out when a trade moves against you

This one is big, because most traders, especially beginners, freak out or over-react at the first sign of a trade moving against them. This is much more of a problem in live trading than demo trading, due to the differences in emotion between them, but it is a problem and it needs to be addressed.

A trade moving against you is NORMAL. I�ve had trades move to within 5 pips of my stop loss and go on to be HUGE winners after that. If I had freaked out and closed them out before they hit my stop loss, I would have not only lost money, but I would have lost a lot of profit too. This is the main reason why you need to let your trades play out and not close them out early ONLY because they�ve moved against you.

It�s really pretty simple: Set your stop loss in a logical / safe place (more on this later), manage your position size so that your dollar risk is at a level you�re OK with losing, and LET THE TRADE GO. Don�t micro-manage your trades, just let the market do the work and you go play a round of golf, go to the gym or go to sleep�then check on the trade the next day. Doing nothing with your live trade is usually the best (and most lucrative) move, meaning set and forget it.

6. Focus on the price action.

There was a time once, believe it or not, when people traded without computers. Hard to believe I know, but it�s true. How do you think they did that? It wasn�t with RSI, MACD�s, Stochastics or some automated trading software obviously�it was with PRICE ACTION. They used to read the tape at the exchanges, or they would have the price movements posted up on big boards to read and interpret. They were interpreting price changes or price action. This method is the only �natural� trading method and it�s been around since the 1700�s when Japanese rice traders invented candlestick charts to predict changes in rice prices.

It works, don�t over-complicate it. My unique take on price action trading h

[amirjaved]

if your new in the trading job learning this job ,learning and experience is so important in the trading job if you have good knowledge and good experience in the forex trading than your good trader so learn this job and earn the best money in the trading business gain the knowledge in demo trading in this forum learning is important for new user

[m-flash]

This information is very useful. Thank you, it is one of the basics.After we learned this information.
In my opinion, forex trading is easy to abstain. It must first learn in favorable conditions. You must set yourself challenges so that you see the picture from all sides.
Here are some steps that can help you:

1. Minimum 6 months demo trading.

2. Learn these basics you told us about.

3. Do not use robot.

4. To know about risk and money management.

5. Develop your own strategy and test it to become stable in a near-constant profit and learn how to turn its loss into profit.

6. To begin , you have to see the way first. You must know Lot which you want to trade with to win the amount you want . And the margin ratio of your balance.Then calculate the balance you can start with.

[kamransiddiq]

Bloomberg is out with a story about how fewer people are employed in foreign exchange trading and that more automation is coming.

[zarak]

Some tips that helped me was to consider good money management. If you've learned how to best use technical indicators,
find out which money management suits you best for your capital. Use smaller lot sizes to trade ans slowly
but steadily you grow to increase your profits and your trading ability. Beginners should practice a lot because the workout is perfect.
best regard

[punjabpolice]

bhai jan jo bhe forex ke trading main new enter ho us ke liye zarori hai ke who forex ke trading main best learning ke sath he enter ho kun ke forex ke trading main agar ap logo ke pas best knowledge or experience nh hai tu phr ap log forex ke trading main best earning nh sakte hain trading main learning main he earning hai hum sab ke liye he

[Shani11165]

In forex business there are alot of websites, chennal, mentor and forums where teaches to beginners about earning money tips but i want to advice them that don't follow to anyone just learn from a single person and practice more on demo account and make their own strategies and observe market and its ups and downs and then trade.

[kaval]

This may need some beginners. This will be the trading theory aspect. For beginners to advance in this trade study,
I would appropriately advise them to do more research to find out better for themselves. Most importantly,
they need to practice whatever they may have learned from their research. Practice trading is the key,
as you continue to practice you some time with a trading system or strategy that you can test completely and start trading.
We must then learn the virtues of disciplinary trade to be able to enjoy the benefits of the labor trade system.
salam best regard