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a beginner really risky in this trade, opening it to read and learn from existing experience can make ignorance and other supporting aspects will evolveQuote:
Originally Posted by Abdo22
the novice trader must see each other some of the systems and trading strategies can be good whether or not
after successful practice in forex demo account.
u can start with forum bonus.. with micro account.. min. order 50 cents or 0.05 lot ..with the balance 5$
and if ur account balance is 100$ than min. order taken 0.10lot thant is 1$ order.. dont panic..
dont try to make more or huge profit in a single day.. wait for the trend and try to income 50pips..
if u not get any trend .then dont trade that day.. just wait for next day..
For a newbie trader i can only say one thing and that is they must first look and learn the basics of the trades and the Fundamentals and do not think about making the profits from the start and the main focus will be on the learnings only.Quote:
Originally Posted by manisha
haan bhai aapne sahi kaha apna money tab tak invest mat karna jab tak aap forex mein achchi tarah guss na jaye jab aapko achchi knowledge ho jaye aur kabhi aap invest karna chahe ho kar sakte hai waise forum posting bhi kafi achcha option hai
thanks brother aapne bahut hi achchi tarah se apna newbie ki detail share kari ye apne bahut hi achcha kiya bhai aur main ye kahunga sab newbie ko is post ko read karke kuch sabak lena chahiye aur kuch sikhna chahiye ek baat aur bhai hum jitne kam pips ka target lenge utna hi jayda hum profit le sakte hai loss ke chance kam ho jate hai kam target mein agar ek trade 10 pips bhi collect kare to din bhar mein 5 trade bahut hai achchi earning kar sakte hai
if you are new in forex market then it wikk good that you start your trade with low amount that is $50 because if you are going loss from youer trading then ratio of loss will less so that you aware from huge loss
I think that you must have minimum 1000$ on your balance and try to make money. Every lower deposit will give you so much problem because greedy to make some money for living.Quote:
Originally Posted by kuldip kale
First demo account,,, Second Cent account and third standard account.. you must perform well from the first level and only increase your level when you have enough confident in your ability.. the amount needed is fully depends on you.. where you live.. how much money you need to live your livelihood.. and also how much money you can afford to lose.. there is no exact amount.. but the average for me is 1000$
A large capital can make you more comfortable with your trading but if you can not afford a large capital so try to invest at least 500$ but don't borrow the money, you can trade with any pair you like but most traders use the Eur/Usd.Quote:
Originally Posted by forexpips
About the minimum lots, try to trade only with 1000 units until you make confidence in your self then you can increase the lots bit by bit, I advice you when you make a profit try to withdraw it by the of the month and keep only the capital.