before trading you are committed to minimizing risks. I limit the risk of 5-10% of equity per ding transaction. I also like trading using scalping strategies, but sometimes I get a big minus floating, so the profit which I can be quickly lost
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before trading you are committed to minimizing risks. I limit the risk of 5-10% of equity per ding transaction. I also like trading using scalping strategies, but sometimes I get a big minus floating, so the profit which I can be quickly lost
discipline that we apply will maintain our leadership and we must know that we will practice follower to follow the price movements in the exchange market.
being a newbie is always a challenge in trading...well get going wid everythin u have but invest a ransome amount whereva u know itz worth da risk....go thoroughly wid da market...analyse it...try n match da flow....wen u fullproof of every bit of da trade u r gonna be doin den only go for it....makin blind investment wont do any good...best of luck
Making extra return of investments can be count as an advantage for trading. Due to its unique leverage, futures trading is one of ways to make high profits. Five thinks a newbie should always try to follow:
1. A trader should always have a plan.
2. Only trade money you can lose.
3. Be patient and learn to control your emotions.
4. Treat futures trading a job, not hobby.
5. Keep learning and educating yourself.
before trading you must specify a target profit and the risk that they would be accepted. novice trader must learn discipline, that discipline is a good habit. if you can not discipline, you can try trading with EA, the EA can guarantee the rule of discipline in your trading system
Before trading you should practice demo account.Basic rules of forex trading.control emotion. Always see the world news.etc.
correct sir, as a new trader should not appropriate when the world embark on the forex trading using real because I thought it would be very harmful to the account balance he has, because the demo account just to test you sir, may helpQuote:
Originally Posted by Mr.Tushar
A forex currency exchange trader should be ready for forex before they invest their hard earned real money into it. We need to have a complete knowledge and good trading experience before we start trading forex.Quote:
Originally Posted by abdillahikbal
To me the amount of investment is easy, just as small as possible, hehe. And I guess the strategy for opening a trade and strategy for managing money are the most critical and tricky parts. I think before selecting these two things I must practice a lot before I know which ones are suitable for me.Quote:
Originally Posted by alamayreh
Hi thanks for the advice. However, this is something new, we need to use same amount of capital in demo account and real account? Hmm, in the demo account, I chose 5,000$ as the capital fund, but I don't I would invest that much? Maybe couple of bucks would be my first investment when I'm in real forex trading, plus I see some program offers you free starting fund, maybe I could try those things also, what's your opinion?Quote:
Originally Posted by SeoHyun