i see many people begin with 4 or 5$ cash and make some income not big cash but stay some cash so i not approval with you in recommendations 3 "3. If you have too little financial commitment you would better not company at all.
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i see many people begin with 4 or 5$ cash and make some income not big cash but stay some cash so i not approval with you in recommendations 3 "3. If you have too little financial commitment you would better not company at all.
The most important part to consider that you posted is that even the greatest trader make losses sometimes or in other words can't make profit all the time, i think this is the main thing that every newbie should consider learn to accept losses
These all things are good to keep in mind before entering in the Forex market. Specially the point number 5 is worth thinking. It can generate a consistent profit, but it is very difficult to be disciplined,Leverage helps a trader to invest small and then be able to control larger sums of money.
mere daikhnay mein paanch tips yeh ho skti hain time zada se zada puri tawajo knowledge experience ho thora bohat aur internet aur computer ka basic knowledgeQuote:
Originally Posted by Narr
I completely agree with your tips for the beginner, even I have started with very less amount in the Forex trading and Now I have learned so many things in the Forex market. I would say..Being a newbie, your first approach should be to watch and judge the forex market and learn from other forex affiliate doing business here. This will save you from the real traders aggressively participating in the market
well i am too anew one here and have now study the advice for the beginners given by your alternative fellows higher than and that i can attempt my best to actually act upon about that. well thanks to get this useful info..........................
Tips from my experience
1.For safe trading you always prefer long term trading system.
2.Good money management system sustain your trading account.
3.Avoid greed,greed is your main enemy to destroy your account.
4.Select a well known and most popular trading strategy which one is suit to your knowledge.
5.Avoid humor and try to analysis by your own experience.
6.Be a patient man for profit taking.
Yes.thank you for sharing words.newcomers often do not know how to quickly start forex business.they are struggling to learn everywhere.however if there is no proper learning methods and sequences, you will not achieve high efficiency.time is gold, you have to study seriously before you start trading forex!
Thank you so much for your tips. I think they are very good for newbies like me and many traders here to learn. but to me, i like to use high leverage for my trades i take. I see it very profitable for making more money by trading with high lot size, which is brought by high leverage.
If you want to get into forex trading at first you learn more about forex if you know how to forex trading as the practice demo account list 6month as you control your emotion and greed.than get you in forex trading.