i hope beginner should demo practice more and more and they have to control their emotions . Not need to invest a lot at the beginning time and they have to work hard and wait more
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i hope beginner should demo practice more and more and they have to control their emotions . Not need to invest a lot at the beginning time and they have to work hard and wait more
These all things are good to keep in mind before entering in the Forex market. Specially the point number 5 is worth thinking. Many newbies don't know on which point to open a trade and on which point it should be closed. So always try to understand these points.
nice share.
Looking at the big picture will help create successful forex trades. Do not just look at what the trends are minute to minute. Examine a larger time frame. This will be a better indicator of what the market is doing and give you a better basis for your trades. http://forexcepat.com/if/smile1.gif
I agree with you, the demo account is the right move for our learning process, because in the demo account we can learn to trade and deal with the real market without suffering losses. clear as a beginner should be patient with the learning process, do not rush to invest, as I'm sure it would be a loss if the rush to invest because they want to make a profit.Quote:
Originally Posted by koimil
Just keep in good record as learner, Our own experience is our invest. And we can get experience from demo trade.If we practise Demo trade and we become succeed in there.We must be a successfull trader.
I like it.These tips are very useful to the beginners.Also the new comers should learn about the short time trade and long time trade.They have to be familiar with the signals and time frame.
very helpful tips for new traders..i suggest every new trader just 2 mnore important tips..
1..if you are doing forex without proper knowledge then you must have high capital to bear the market reversal.....
2..you must have some friends which provide you some signals of market condition before you place orders.......you can also help these kinds of forums also.......
To take full advantage of the Forex markets, diversify the money you set aside for this. In addition to learning trading yourself, set aside some money for a professional manager to trade for you. Also invest in one or more automated Forex software programs. Give them all small funds to start and watch them race. Reward the winners with more money and drop those who don't do so well. http://forexcepat.com/if/good.gif
Right tips for forex begginers. I want add some point for begginers that always we should try to learn from mistakes or wrong and we need to trading in the demo trading to get more experience and use the new strategy.
Small time traders square measure ready to build the deals within the markets solely as they're creating the utilization of the high leverage that truly offers them some smart quantity of cash to interchange the Forex markets. on the other hand all what's matters is that what quantity profits we have a tendency to square measure creating within the finish. Newbies should trade cautiously in these markets and continually try and minimize their risks by victimization correct cash management skills.