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i think there are a lot of things you should know before trading which are : define the initial capital he will begin with , the strategy he will use in trading , the profits he expect to make on the short term and the most important thing that he should put a certain target in front of him also he should learn from his mistakes to get a good experience from his trade.
yes, we need to recall what was done in the previous trades and what was the profit or loss made in previous trades.this will make us understand the mistakes and trade better in future.
very true friend. perhaps by mistake, we will be even harder to learn basic and trade plan. It can also make the drive to become a successful trader. maybe it could make the discipline of ourselves and we are able to control the management of the funds that we use in tradeQuote:
yes, we need to recall what was done in the previous trades and what was the profit or loss made in previous trades.this will make us understand the mistakes and trade better in future.
Financial Management and Management Psychology and the application of discipline that may first have to be increased in order to become a successful trader. I guess if we have three new well we learn more about systems and other strategies it to step into a successful trader can we make happenQuote:
Originally Posted by sinaga
Me to, before start trading be mindful with regards to the entire leverage also good deal size. Should you usually are a beginner i propose do not trade with the help of high leverage and additionally lot size. Proper MM is actually should maintain concentrate about this aspects.
before trading should we look for a some time before the next chart to read a price that we could either get a signal or you get a thorough analysis of the tradeQuote:
Originally Posted by ShoSho
Do not hurry to make entry
yes, before we started trading we have a plan that includes management and strategy. and after we have the management and strategy, we have to trade in accordance with the management and strategy....
anlisa manually patents may be more than a robot, why because the robot is positioned so that when the market is not as flexible as a result a lot of turmoil .. who cluck at EA including me one of them
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.
I want to be the forex trader beginner's that you must get the trading education as well as the demo trading practice to make the good trade size and make the planning better for the good trading profit.
All what you wrote is true , but the beginner must not know only the basics of trading, he should learn all the aspects of trading forex so he can discover his style of trading and know exactly what should be done.
Prepare capital that can withstand the margin, especially if there is floating. Or when we used to use SL in every trade, we should have expected resilience of our capital despite frequent contact with SL. Adequate funding and appropriate strategies, must be prepared prior to trading.
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.
This point is very important and will affect the color of our trading ... because the use of leverage and strategy is very basic ..... these two points:
1> how to use leverage
2> what strategy he will be using to open trade.
thank you
yes, the capital is one important factor that affects our success in forex trading, because although we are a trader who is an expert, but if we do not have enough capital then we'll get in trouble in the trade....Quote:
Originally Posted by Mark
aapne sahi kaha hai bhai ye kaam sach mein himmat walo ka aur talent wale ka hai is kaam ko har koi nahi kar sakta hai agar jo forex se achcha paisa kamane ki thaam le uske liye ye kaam jayda mushkil nahi hai
The best way of before forex trading you should learn firstly baby pips and should use to demo account . its very knowledgeable things for traders and new traders it will be very beneficial.
Before starting trading one has to be very confident about his strategy. And he should confirm that the trading of other does not impact in his trading style. If he adopt a strategy then he should stick to it and make the best use of it.
pray to the god
prepare ourselves to face many condition with some strategies and knowledge
always think positive that we can get the success in this business
discipline,patience and be careful is a must
agree with you, they are very important to note before we go trading but for the first time, the trader should pray to the god...
then thet prepare theirselves for all things that they will use at their trading..
and may i add? the trader should think with clear and keep deeply in their mind to trade with discipline
ya ready right before the trading strategies and our goals in this business, so we are more cautious when we carry out trading, should use the calculation of how much profit a lot and want to get in because we need a targetQuote:
Originally Posted by naziafarhan
five things that you mention it's always been my first step to start trading and I added one more point that I always pray to God for help and guidance so that I facilitated in trading that I will do.
yes, I quite agree with you guys. before we do something we should begin with prayer. and vice versa. may be facilitated by praying we will do our trade. but we also have to be disciplined and consistent in trading friend.Quote:
five things that you mention it's always been my first step to start trading and I added one more point that I always pray to God for help and guidance so that I facilitated in trading that I will do.
Starting first thing to pray to the Lord, will strengthen our souls. In the trading world, everything can happen. It is already in the analysis of well and good strategy, but in forex could all fall apart. With prayer and surrender to God, whatever happens we will be ready.
You points are very informative and important. I will see these points carefully before start trading because I don’t want to lose my money I want to earn profit in my every trade even very small.
before trading should first refresh our minds were tired after work, clay meets these demands and how much margin you'll use lots
so always monitor the state of our margin is the key to its
I might add:Quote:
Originally Posted by alamayreh
6. how our mental condition, are prepared to risk the worst of what we do.
7. This apakh what will be the main work a second job
By working out on calculations and analsying our trade we shall ensure safer and increased returns from our trades. It would be wise to think and work on all aspect of trades before opening, be it leverage, risk management, money managenent, size of trade etc. of whatever.
Of course with practice will make us adept to follow the price movements in the forex market.
With the discipline that we apply will maintain our direction in accordance with the expected.
It very good advice. But Leverage is complex subject can i some leverage i can not open a big trade. If i can not open a big trade there is no a great chance for good strategy. Make a good Strategy spend long time and big invest. How can i make a success trade with some leverage and good strategy.Quote:
Originally Posted by alamayreh
trading start kernay sey pehlay aap ko trading ki nature peta hona chahiye or bhai trading mien jitna risk hey utna kisi or business mein nehi hey yani ziaada risk or ziaada profit is liye aap ko risk factor jaan ker hi is business mein enter hona chahiye kunki yeh kaam himet walon ka hey
demo trading per aap ko confidence hi aye ga lekin emotions sehi maino mein control kerna bohot hi mushkil hey yeh aap ko 3-4 month mein nehi ho ga aap ko saal ki mehnat chahiye ho gi kunki failure ka reason hi emotion hey or is per kabu pana bohot bera kaam hey
Before start trading i usually look at the fundamental facts and then is start my analysis . As i trade mostly for longer period so i fundamental facts in important for me thats why i judge well the fundamental things which is important for me .
Yes these points are good points to follow to cover before starting trading. And I suggest everyone to follow these points. Please post some more tips for the new traders that may help them to upgrade their trading.Quote:
Originally Posted by alamayreh
before start trading be careful about the leverage and lot size.if you are a beginner i suggest don't trade with high leverage and lot size.proper money management is must keep concentrate on this things
Yet do I start racing in trading using leverage to finance a best suited to the size of my capital, which trade on it and do I make an unprofitable strategy, which maintains capital
For me I use a strategy Scalping
I do not know why I do not like any style of trading is scalping hate deals that last for hours and days do not venture more than 5% of the capital
In my humble point of view i think forex trading can be best learnt my reading comments in this forum,this is my 2nd day in this forum and i have learnt a lot by reading my friends comments.Here are a use of lots of terminologies used in this field.Starting with a demo account is also a very good idea.
thanks for the post, wat if i may ask. how can one determine de laverage as a beginner in forex trading business. my next inquire are what are the strategy that are involve in difference leverages as you stated above? and what are the major risk one should avoid while choosing lavereges? waiting for you more of your explanationQuote:
Originally Posted by alamayreh