I think your right newbie should learn first about forex. Then learn risk management system and practice with demo account. Practice makes a man perfect.
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I think your right newbie should learn first about forex. Then learn risk management system and practice with demo account. Practice makes a man perfect.
It is very important that a trader should follow some good rules. Spatially new trader need some good rules to follow. I think you are right most of trader should know how to use leverage properly. Strategy is very important part of trading. Newbie should start trade with a good strategy.
yup, same with me, confirmation between fundamental and analysis is the most important part before we decide enter the market. Usually i will crosscheck in each time frame form the smaller one till the bigger one, if all the movement is on the same path then i will know it's time to enter the position.
before start trading in forex you should be read about trading market and have full information of market trend if you open a trade but the main thing which think is so important is your money management, your strategy and trading plan.
demo account first of all jeetna merzi koi koshish ker ley , serious or emotions k saath nehi ker sekta and second jo result demo per ho same live per hona bohot mushkil hey kunki emotions hotay hien, jis ko control kerna, aag k deriya mein jump legaaney k beraaber hey
forex start kernay sey pehlay aap ko risk factor ka peta hona chahiye or yeh jaan lena chahiye k loss is kaam ki guarantee hey, losss her haal mein hona hi hey, or forex ko achay sey seekh lena chahiye
Good points you mentioned. These all can be found and studied on baby pips.com. Baby pips is a great source of learning forex.
These all are concerned with the trading but a newbie trader should also have his mindset for traing.
More over a newbie trader should have control on emotions and should have patience.
when it's already monday so when you open your computer.unwind and control yourself.
first analyze a few of the pairs watching the charts if there's any immediate chance,then look into the daily news release and spend a minimum of half an hour to experts.
attempt to discover if which side the happy couple possibly choose now.and appearance the support and resistant and also the pivot points.
and wait for a right chance to go in your stop loss and profit taking is going to be rely on your buying and selling style if you're day trader or scalper.
Before Starting everone must understand that currency trading does not take place on a regulated exchange and not controlled by any central governing body, there are no clearing houses to guarantee the trades. All members trade with each other based on credit agreements. Essentially, business in the largest, most liquid market in the world depends on nothing more than a metaphorical handshake and Highest risk is involved in it.
Before start trading there has been no specific rules, but first learn about forex good, learn also some strategy , first use it in demo account after a good result use it in real account else no need to use it , just leave it and try to get new strategy , if it successful then use it in real account.